As the world becomes increasingly digital, it is no longer a case of ‘if’, but ‘when?’ So, today’s organizations risk making a major oversight by doing nothing. They must adopt digital technologies and evolve, or else be disrupted.
Thus, it is only apt to ask: how and where to start in your digital transformation journey?
The Road to Digital Transformation
Although the COVID-19 pandemic may have reduced most organizations’ budgets and resources, it did not hamper transformation programs from gaining momentum. For those organizations that are still planning their transformation map, you should consider these steps in your digital transformation journey:
1. Establish your objective
At the start of your digital transformation journey, you should be able to define the reason why you need it and the goal you wish to achieve.
2. Assess your current capabilities
When devising your digital strategy, you should start by taking stock of your current digital capabilities: your tech stack, technologies, and employees. This is critical to prevent over or under transforming.
3. Evaluate the right solutions
Assess your current applications if they are meeting business needs or causing any issues, and then go from there. Choosing the right solutions should improve your current applications and must bring value to your business and customers.
4. Obtain executive buy-in
This is crucial to keep your digital transformation project off the ground. According to the 2021 State of Digital transformation report, CEO-led transformations are more successful than those led by other positions.
5. Create your digital roadmap
Build implementation roadmaps that you can follow for your digital transformation journey.
6. Ensure you have the necessary skills in place.
It is important to know if your organization possesses the expertise and skills necessary for the digital transformation journey. You should weigh if you need to hire new people or collaborate with third-party experts.
7. Begin your digital transformation
Start on your journey by communicating your plan and vision to your organization. As much as executive buy-ins are critical in your digital journey, conveying the value of your digital transformation strategy to the employees is equally important.
Transform Key Business Areas
Embarking on a technology transformation can be a daunting task. Research says that even digitally savvy industries like high tech, media, and telecom are grappling with a success rate not exceeding 26 percent. And since every business has different requirements, clients, and customers, they have different key business areas that need to be digitally transformed.
Let us take as an example these five industries from a Deloitte survey. The following industries have taken an interest in adopting industry cloud solutions for their end-to-end digital transformation:
Retail: in processes such as risk management and procurement
Consumer products: to support their supply chain business processes
Discrete manufacturing: to improve their digital supply networks
Banking and insurance: for their data management and insights
Public sector: for their tax and revenue operations
Digital transformation differs for every organization as there are so many technological advancements available today. For instance, industry clouds include some of the latest technologies such as Artificial Intelligence (AI), machine learning models, blockchain, the Internet of Things, augmented and virtual reality, among others. Leveraging industry
cloud solutions can help accelerate your digital transformation and even let you modernize one business use case at a time.
Deploy Applications and Manage Complex Environments at Scale
dotSolved can help your organization meet complex missions using a highly available, integrated cloud-native environment. Utilizing Oracle Cloud Infrastructure, you can facilitate the transition to the cloud, build next-generation cloud applications, and run all your IT workloads with ease.
Let dotSolved’s expertise with cloud infrastructure services provide your organization with streamlined integrations, significant cost savings, seamless transitions from pilot to production deployments, network savings, and high performance and stability.
To learn more about how dotSolved can help drive your digital transformation initiatives, contact us today!
