If digital transformation is the top priority for 85% of CIOs in a recent BRP survey, what’s stopping them? It’s time you knew the truth.
Dare: Keeping up in a fast-paced, always evolving digital environment
Truth: Understanding new technology and the need to continuously innovate is not an easy concept to grasp. Being able to choose the right solutions for your immediate and short-term needs while anticipating what might come next is paralyzing.
Without that vision and without a roadmap and talent to guide you, your digital transformation journey can be a very risky venture.
Dare: Justifying investments in constantly evolving technology
Truth: Since the last financial crisis, even the most performant organizations are thriftier and more sensitive when it comes to making significant investments.
Technology frameworks , new approaches and solutions that lower investment risks are becoming the standard. SaaS (Software as a Service) and consumption-based models for modern infrastructures are now more conventional (and wiser) ways of buying technology.
These models and concepts not only lower initial capital investments, they also increase the agility to change if and when needed.
Dare: A new generation of talent with a new mindset!
Truth: To tackle a digital transformation journey, finding the right talent is essential. Attracting a new generation of digital native leaders and retaining them within the organisation is critical to your success.
Implementing a digital culture means maintaining a forward-thinking vision and empowering your team with the best tools to simplify collaboration and improve productivity.
This new generation of Gen X and Gen Y talent are sophisticated when it comes to tech, and expect the same conveniences they use in their everyday lives to do more things better and faster.
Dare: How to know what you don’t know and compete with the disruptors
Truth: New players focusing on new consumer behaviours and expectations are changing the game, leveraging digital and technology to disrupt established business models.
To keep up with these digital-first companies, businesses need to adapt not only their technology but also their existing business models and offerings, finding ways to differentiate with new products and services.
Without the right technology foundation and agility to evolve as business needs change, it will become increasingly difficult to meet new demands and retain customers in a competitive market.
Truth be told, digital transformation is vital for survival in this rapidly changing business environment. It’s a digital-first world and your organization needs to start thinking like a software company.
Every business embarks on the journey from a different starting point, with different goals and with different existing solutions and processes to build on. And because there’s no one right way to go about it, the smartest investment is working with experts and a defined roadmap .