Digital Transformation Strategies: Why 70% Of Them Fail
Digital transformation strategies can provide businesses with faster and more efficient processes, but why do most digital transformation strategies fail?
Let me lay out a scenario for you. Company A has just completed its digital transformation.
Every file has been scanned, there are new workflows in place, and all Company A can think about now is how much money and time it’s about to save. Oh, but there’s just one problem Company A failed to address.
You Will Most Likely Meet Some Resistance
When you finally end paper-based procedures, it may not be the most popular decision within your business.
However, your workplace shouldn’t have to look like the Dunder Mifflin Paper Company Warehouse to appease your employees.
To avoid looking like a dictator and perhaps flush upwards of $50,000 down the drain, let me give you four pointers to make your future digital transition pain-free and fully embraced by your workers.
1. Stakeholder Impact Assessment
You wouldn’t cross the street with a blindfold on. That’s what I think when I see businesses jump into a digital transformation before doing a stakeholder assessment.
A stakeholder impact assessment is essential for understanding how digital transformation strategies affect all business stakeholders, including employees and customers.
This assessment involves analyzing the current environment and considering the effects of the changes on stakeholders.
Doing this will allow the business to plan and implement the transition more effectively and help ensure the change is smooth and successful.
This assessment should include gathering data, conducting interviews, and creating a stakeholder map to identify potential issues and opportunities.
2. Establish a Strategy
You’d be surprised how many business owners wing their digital transformation strategies or expect a vendor to take care of everything.
True, a good vendor will set you up for success, but most will leave you stranded in the proverbial desert once the job is done.
That’s why you need to plan.
Developing a strategy is essential for a successful transition. This strategy should consider the processes, people, technology, and how to boost confidence in the new ways of working.
It should also be carefully crafted to ensure everyone is on board with the changes. This strategy should consider short-term and long-term objectives and the resources needed to help achieve these objectives.
It should also include a clear roadmap with milestones and performance metrics to measure success.
It’s worth reading up on S.M.A.R.T. goals to understand how to set yourself up with good goals.
3. Involve People
Involving people in digital transformation strategies is integral to a successful transition.
This can involve providing information sessions and training on the changes and allowing people to test and provide feedback.
Allowing people to be involved in the process in their language will enable them to understand the digital transformation better and be more supportive of the changes.
Additionally, people must be given the tools and resources they need to be successful in the transition.
4. Create Change Champions:
Change champions are people who embrace change and become advocates for digital transformation. They are key to helping the transition and ensuring everyone is on board.
Empowering people to take ownership of the digital transformation will help make the transition smoother and more successful.
This can involve providing resources and support to ensure the transition is successful and recognizing and rewarding people for their efforts. Finding and recognizing people with the aptitude to become change champions is key.
Digital Transformation Strategies: The Bottom Line
By following these five steps, businesses can ensure that their digital transformation transition is smooth, collaborative, and pain-free.
For more information on how to make successful digital transformation strategies visit tumii.ca.