Tuesday, July 17, 2018

The Monthly Foresight: The Digital Readiness July 2018

The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most wanted trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. Which themes shall you set to advocate digital transformation? How to lead to the digital future effortlessly?

                         

The Digital Readiness


The Digital Readiness of Organizations: We are in a time of tremendous change, the dawn of digital age, the path to next level of digital maturity, also in the era of confusion and information overload. Most organizations have the mix of old and new, physical and virtual, order and chaos, the old way and the new way to do things, etc. Therefore, evaluating the digital readiness of the business is important to allow room for adjustments and keeping the organization dynamic and informative, in order to manage a high mature business.

Tuning Organizational Structure to Improve Digital Ready-ness Organizations across the vertical sectors and geographical boundaries are on the journey of digital transformation. New generations of digital technologies such as digital collaboration platforms and tools are enabling not only the structured processes of the past but also the unstructured processes of the digital enterprise. The future of digital organizations would be complex enough to act intelligently and nimble enough to adapt to the change promptly.

Three Management Models to Evaluate the Digital Readiness of the Business? Digital transformation has a high level of impact and complexity because it expands in every direction of the organization. Many organizations are still confused digital with general technology adoption. In practice, doing digital is perhaps about taking some initiatives for applying the latest technologies or gadgets, but it's a significant shift from doing digital to going digital and being digital. Digitalization efforts need to be undertaken as the means of getting to a set of differentiated business capabilities to accomplish the well-defined goals and improve the overall business performance, responsiveness, and maturity. Here are three management models to evaluate the digital readiness of the business.

Fine-Tune Organization Structure to Get Digital Ready?
Due to the “VUCA” nature of digitalization, the business complexity is unavoidable. Organizations that are skilled at managing complexity can gain advantages by pushing the boundaries of a more complicated business mix that provides opportunities to create inter-business value. From an organizational structure perspective, how to fine tune the digital dimensions of your organizational structure development to get digital ready?

Strengthen IT to Get Digital Ready Every forward-thinking organization has the digital ambition to become a customer-centric, living, high-effective and high-intelligent organization. Digital organizations are hyperconnected and interdependent and they have to continue to adapt to the digital new normal with “VUCA” characteristics. IT plays a pivotal role in the organization’s digital transformation, but first things first, IT has to strengthen itself to get digital ready via increasing agility, innovation, speed, and maturity.

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