Digital transformation has been a buzzword for some time, and with the pandemic forcing companies to accelerate their digitalization, digital has gone almost overnight from a useful tool to an inseparable part of business strategy. Already, the last nine months have shown that the businesses with the best chances of surviving and thriving are the ones that either already had a large part of their operating model digitized, or were able to rapidly do so.
The question is then how to take the next step, whether a company is already on the curve, ahead of it, or even still struggling to catch up.
To successfully implement a digital strategy and make the most of their business, organizations need to consider how and when to invest in technology, what to prioritize, and how to improve their overall digital fitness.
We are living in a digital world. The business leaders of today must embrace digital transformation if they’re going to stay competitive and make the most of the opportunities available to them.
For many large traditional businesses, a moment of reckoning has arrived. Not only is it difficult to scale up technology transformations beyond a handful of pilot projects, but broad-based efforts to apply and integrate advanced technologies are placing new demands on senior leaders. Toyota and many other organizations have developed competitive advantages by using lean to orient their organizations comprehensively—from the CEO to the shop floor—toward the achievement of world-class performance. The information-technology revolution is playing out in a similar way. The companies that derive a true competitive advantage from technology will be those that make tech-enabled transformation a permanent business discipline.
Agile transformation changes the way organizations work and behave and thus help contribute towards sustainability and growth. Now that the Pandemic and New Norm demands agility to continue operations, the agile transformation has become even more important.
Businesses should be ready to accept and implement change to survive the tough market competition. Agile transformation seems to be the appropriate first step that enables one to change mindset and practices to accomplish the goals.
The focus should be on digital transformation and agile transformation— the two practices that will ensure a safe position for you in the market.
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GOOMKA is a business technology professional services and platform firm with over 350 technology and business consultants that makes business transformation real.
