Tuesday, November 18, 2014

Three Elements in Digital Transformation

The 'reach and range' flexibility that now exists removes barriers that have existed in the past.

Digital transformation represents the next stage of business maturity which will improve how the enterprise works and interact with its ecosystem, with the customer at the center of its focus. Digital transformation or Digital shift means change. Are these changes more extensive than what we have experienced in the past? What are the key elements of the “digital transformation” that we are now experiencing?

Real-time insight: Digital Transformation can give your business the ability to apply real-time insights across the organization in ways never possible before. With these insights, organizations acquire the ability to reshape products, services, and customer engagement, with the help of technologies of Cloud, Analytics, Mobility & social networking, You can realign your operating model so that customer preferences and requirements are reflected throughout the value chain, which will be the business benefits in terms to speed up to enable you to listen, engage and nurture relationships with consumers and build an integrated view of data derived from data extracted from different sources 
- Intuitive, engaging and context-specific user experience 
- Digitally engaged corporation 
- Used as a competitive advantage

Recombinant nature of digital capability: With the advance of the SMAC (Social, Mobile, Analytics, Cloud) technologies, how will your business capabilities be enabled by digital to catalyze the digital shift? Processes underpin capability, how to reframe the business planning processes in order (who participates, how often to allowing creativity and innovation to flow, identifying technology as well as business risks, etc.) along with reframing of in-place processes that filter and fund investments. The emergence of potential opportunities for exploiting digitization is likely to follow a non-linear pattern as the pervasiveness of an organization's digitization journey increases. How these ideas are recognized, filtered and dealt with will become a crucial factor in an organization's success in producing digitized products and services, and more importantly, enhancing its competitive business capabilities.

Reinvented Workforce with pervasive innovation: The pervasive digitization requires both business and IT professionals to rethink how things are done in organizations. The 'reach and range' flexibility that now exists removes barriers that have existed in the past ... if businesses can recognize the barriers. It can empower employees to apply technology to perform their work in a way that benefits the enterprise. Knowledge now is only a click away. People and organizations could now learn faster in a time when leading strategists were arguing that the only sustainable advantage was to learn faster than your competition. 

Real-time insight and foresight enable organizations to see the future more clearly; the recombinant business capabilities enhance businesses competency to re-imagine growth and delight customers, and the reinvented workforce empowered by the latest technologies, can think differently and do things more innovatively, to further elevate the digital business maturity.


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