Benefits & Barriers
Here are the top 5 benefits our customers experienced as they increased their Digital Quotient creating Digital Champions across the organization. Digitally maturing organizations have embraced the Digital Spirit making it a part of the DNA of their organization.
1. Calculated risk-taking becomes a cultural norm.
2. Innovation in terms of process efficiencies and identifying new opportunities comes from all corners of the company primarily driven by internal and external collaboration leveraging Data platforms.
3. Improved Organizational Agility with data-driven decision making capabilities across the functions.
4. Business growth acceleration resulting from the competitive differentiators harnessed through digital transformation.
5. Employees of all ages want to work with digitally progressive companies. In other words, this is a great mechanism to attract and retain top talent.
Now that we have covered the benefits of Digital Transformation, here are the top 5 barriers our customers have experienced and continue to deal with during the
1. Lack of cohesive and holistic Digital Strategy – strategy that is focused on increasing organizational digital capabilities in the long-term while delivering on near-term objectives.
2. Lack of Management Understanding – digital transformation almost always starts at the top with executive support, until then digital transformation effort becomes very technology centric solving discreet business problems. A Digitally Fluentmanagement at the top is the most effective team an organization can have to create long lasting impact.
3. Too many Competing Priorities – almost all of us have seen this in one form or the other. As much as digital initiatives are critical to survive and succeed in the digital economy, organizations have other competing priorities. Many times the cost of not doing anything is more expensive than doing it.
4. Insufficient technical skills – digitally maturing organizations are taking the time to retool their resources with digital capabilities. Careful consideration is given to retain foundational skills in-house and expand the skills with resource pool from systems integrators on all non-foundational skills.
5. Organizational mindset and culture – business siloed from IT, resistance from the business stemming from IT not meeting expectations in previous projects coupled with a culture that doesn’t foster change that is completely risk averse are all inhibitors of Digital Transformation initiatives in an organization.