5 WAYS TO RECOVER FROM A FAILED DIGITAL TRANSFORMATION
Transitioning your business to a digital model can be challenging. Even if something goes wrong, there are a few things you can do to get your project back on track. When done correctly, digital transformation has the potential to fundamentally alter the way a business operates, resulting in significant financial and operational gains. Transitioning from traditional ways of working to new, technology-driven processes, on the other hand, is a large undertaking with many potential pitfalls, including spending too much money, taking on more than you can handle, and having a gap between innovation and execution.
Digital transformation must be more than just a new idea; it must be the implementation of a new, well-thought-out business process that changes the way your company operates.
1. Determine the source of the problem and devise a solution.
Many changes occur when a company begins to transition from its traditional method of doing things to a more efficient, digital method. This transition involves money, time, personnel expansion, and procedure changes. With so many moving parts, it’s critical to pinpoint the source of the problem, which could be caused by any of these organizational changes. Once you’ve identified the problem, create a quick recovery plan.
2. Reconsider whether you have defined what “digital transformation” means in your business.
There is no universal blueprint for implementing digital transformation within a company. The term “digital transformation” can mean different things to different companies, industries, and projects. Cloud computing, the Internet of Things, big data, artificial intelligence, and automation are all examples. As a result, one company’s concept of digital transformation may differ significantly from another’s, both in terms of application and execution.
3. Check that the changes are within the scope of your company’s capabilities.
Although it may be tempting, you do not always need to optimize every aspect of your business at the same time. Attempting to do so may lead to businesses taking on more than they can handle. We see the technology implemented for the sake of technology far too often. A business problem must be solved at the heart of every technological transformation. Leaders must be clear about the underlying problem, the reason for the transformation, and the value to the enterprise. If you’ve taken on more than you can handle, reconsider what you need to focus on and what can be dropped.
4. Make sure you have the right team to bring digital transformation to life
When embarking on any business project, you need to have the right team behind you. This is made up of more than just engineers and those with the skills to put the technical pieces of the project together. IT teams focused on digital transformation become too focused on delivering the technology capability rather than the change itself. Equally, if not more, important are trusted business leaders who can guide the company through transformative change.
5. Make room for open dialogue.
When things go wrong, it’s critical to have a place where employees can express their concerns. Employees will either give up or remain confused if proper communication is not provided. When a project fails, the company is not the only one who suffers; employees are also likely to suffer personally. “When digital transformation does not go as planned, the priority must be to keep your people in the spotlight. People have been driving the transformation and will feel the pressure of its success or failure. Creating a community in which all members feel comfortable sharing their ideas will allow the company to learn from its mistakes, move forward, and succeed.
Conclusion: Developing a community of domain experts, technology experts, customers, business partners, and ecosystem stakeholders can provide key insights that shape the transformation and technology needed to deliver outcomes.
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