Implementing a Digital Transformation Strategy
Despite the name “digital transformation,” some leaders are hesitant to embrace the change. It is possible to implement this change by rethinking your operating model, using experimentation, agility, and leveraging the latest technology. In this article, Behnam shares her experience as she embarked on a digital transformation project. She also discusses the importance of cross-functional teams as well as the impact of AI/machine learning. When you have almost any questions with regards to in which and the best way to employ digital transformation firm, advice here you can e-mail us with the internet site.
Behnam’s experience with digital transformation
Behnam was previously the chairperson of the international business management department at EBS University, Germany. Behnam was previously employed in investment banking before he joined academia. His academic qualifications include an MBA from Johann Wolfgang Goethe-University in Germany and an EBS University PhD in Strategy and Ethics. He is currently the executive director of Rapid Transformation, LLC. Behnam is on Twitter, and has published six books.
Although many managers and executives expect that the transformation will bring them immediate benefits, they underestimate the amount of work and time required to achieve this. This process should be accompanied by a diagnostic phase that identifies gaps in skills, knowledge, and capabilities. Behnam conducted 90 surveys for clients to find out what employees value the most about an organization and what strengths they see. She also identified areas that need improvement. Focus groups were also held to get employees’ opinions and understandings about the technology used to transform the business.
Challenges in implementing digital transformations
Businesses must digitize the business model and also improve their internal processes. Although it may seem difficult, modern software can help companies integrate disparate areas of their business and automate repetitive tasks. These new technologies can allow organizations to be more responsive and flexible to changing consumer behavior. Honeywell, a global provider of energy solutions, recently demonstrated the benefits of digital transformation strategies.
New products are one of the most difficult aspects of implementing a digital transformation. Companies are often required to create products to meet new customer demands. Although many companies are able create new products and often find the right solution, others struggle to do so. Netflix is a good example of a company that did not start out as a digital-only company but embraced it later on. It started out as a DVD and Bluray rental service. Later, it introduced an online ordering platform for physical products.
Cross-functional teams are valuable in digital transformations
It is essential to bring people from different disciplines together when you implement a digital change. Cross-functional groups can achieve better results than individual departments by combining the talents of different business areas. Cross-functional team members have numerous benefits. They can cover the entire product development cycle. This will allow each discipline to contribute more effectively towards the overall product design process.
Organizations that focus on job functions and their respective disciplines don’t meet customer needs, but are instead designed to advocate for themselves. Therefore, the true value in a role is not in its execution, it’s in how it contributes to a cross-functional group. In a digital experience, for example, team members can prioritize their core functional areas by using a matrix reporting structure.
Impact of artificial intelligence/machine-learning on digital transformations
AI/ML technologies are increasingly relevant as we transition from the age of physical products to the digital age. They allow organizations to innovate by automating repetitive tasks. Employees can focus on more valuable tasks thanks to these technologies. How can we evaluate the impact of these technologies on our business? advice here are some AI/ML strategies that can help you transform your business. These are just three examples of the impact AI/ML has on digital transformation.
AI can be used to augment or replace specific human activities, such as pattern detection and data-based prediction. It is an essential component of many companies and organizations. Artificial intelligence technology can increase productivity and decrease human error, freeing up time to do higher-value tasks. AI/ML may be able to automate repetitive tasks as well as improve the design and production of products. AI software takes input parameters and applies advanced algorithms to produce thousands of design options. Architects and engineers can then refine and evaluate the outcomes.
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