Majority of the time digital transformation failure happens due to poor execution. For digital transformation success it is not only about adopting to new technology and understanding it deeper.
Digital transformation is no more a tool for the future. With the fast-evolving economy and expectations of customers changing rapidly, the digital transformation process has already become norm in world. Many get into a deception about how hard it is. According to many its an initiative not for weak hearts. One of the foremost reasons why more than 70% of organizations have such low records in digital transformation success, is because people are not using it wisely.
Let us look at some of the digital transformation mistakes to not make
Do not adopt technologies to be in trend
Many companies adopt new technologies without understanding the goals and targets to achieve with digital transformation. Some organizations apply the new technology tool to be in trend. Many are unaware of how to execute while some even blindly copy their competitors to use it. These reasons are no way a good strategy to implement such a complicated analytical tool. To succeed in this don’t get overwhelmed by the ubiquity of digital transformation, and don’t plunge into the unknown headfirst. Take your time to create a firm strategy that will alleviate business risks and intelligently streamline your organization through the digital transformation process.
Digital transformation is time taking process
Many firms are of the idea that digital transformation can be derive success in a day. But the truth is not that. It is a continuous process of data collection and applying it for use. If one plans to execute the entire digital transformation process in a short span of time, this will of no good. The data collection and execution are a very short duration will lead confusion in the minds of sellers and also consumers. Every new technology or innovative strategy you adopt will inevitably lead to more changes in the processes and priorities of digital transformation. It will impact every side of your business in some way.
Not making proper use of data collection
Many are of the view that data collection is digital transformation. But that is wrong, proper strategy to implement the transformation through data is the success. Dumping data without proper will lead no way. Data is valuable but knowing which data mining process for understanding which data for which purpose holds the key.