Every size organization has an IT strategy in place. For some companies, this strategy is an integral part of their business model. For others, it is just an enabler for their overall business. The decision of how an organization selects its IT is a crucial choice for the success of the business. Most companies like to look directly at the effects of digital transformation on their balance sheet. Digital transformation is a gradual process which affects your balance sheet, as well as is a strategic move that is about to change the way your business functions. Often times, adapting to the latest technology and Business Intelligence Solutions becomes an indispensable option, as competitors are already adapting to these methods including Cloud Computing, .NET Development and SharePoint collaboration tools. Sometimes it is simply an indispensable option as the rest of your competition is already adopting the particular technology & sooner or later your stakeholders will expect the same from you. For example, it is almost impossible to run a large assembly line without an ERP solution today, simply because the OEMs will not be compatible with this kind of arrangement. The first movers who had understood the significance of an ERP in the initial phase got it well to their advantage. But yet most ERP implementations fail even today because the organizations forget to bring the change in the mindset and functioning of the people to make the implementation a success. While you digitally transform your organization, you have to keep a few things in mind:* What is your core business model? What value does this technology bring to your business model? * Are you ready to handle the disruption that will be coming along with the transformation? The disruption will not only be within your organization but also outside as you have to educate both your customers and employees alike to take this new step. * How compatible is the new process with the existing ones? If it is too different, are you adequately prepared to bring everyone on the same page as to why such a major change is required? * Are you equipped to handle the change in customer demands with the advent of the new technology? * Have you studied the market, competition, and economic factors well as to what will be the future of the technology with respect to the industry? How to handle Digital Transformation internally?Digital Transformation can be disruptive in any organization: * Employees who have been used to certain kind of operations through the years might suddenly find themselves confused with your new strategy. * Not only will the employees be new to the style of technology enabled operations but also be fearful towards it. * Rumors might go around about replacing people with technology and old skilled people with newer ones. * A panic situation might arise within your organization affecting attrition & overall productivity of workforce. * Skill development training and job redundancy might result in role transformation * Redundant roles might be leading to terminations, which are always difficult calls to take. Stay ahead of potential problems and be well prepared to handle these types of situations. Companies can stay empowered, from the ground level, to those in charge by using the latest developments in technology.
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