Digital Transformation holds the promise of better
service, new business models, breakthrough efficiency and
competitive advantages that keep you ahead of disruptions
you may not be able to anticipate.
What is Digital Transformation?
Digital Transformation is the strategic use and integration of today’s enabling technologies to transform the way business is transacted with all stakeholders (internal/external) – whether they are investors purchasing your Mutual Funds or city residents needing a dog license.
When properly done, Digital Transformation will offer
automation, insight and transparency across the enterprise and out into the market.
Benefits of Digital Transformation
It holds the promise of better service, new business models, breakthrough efficiency and competitive advantages that keep you ahead of disruptions you may not be able to anticipate.
Digital Transformation Elements
Digital Transformation takes many different shapes. However, there are underlying elements that are similar in all cases and understanding what these are can provide a common path to success.
Clearly project where you want the business to go when its transformed
Articulate what doing business with your organization will look like and having an idea of what measurable success looks like when you are successful.
Digital Transformation Examples
- Armstrong, a 150-year-old global manufacturer, leverages analytics to anticipate quality issues within its manufacturing processes, which generate 5,000 data points on details such as ceiling tile quality.
- Putnam Investments builds software in two-week cycles for solutions, including machine learning technologies to help generate investment insights about and for clients.
- Sprint analyzes 50 terabytes of data to understand how its customer experience is performing from users’ browsing patterns on its website to the success of phone purchases to service ordering upgrades.
- StubHub’s hybrid cloud supports new, customer facing innovations such as enabling ticket sellers to take photos of their physical event tickets and post them online to increase potential buyers’ trust.
- Even cities and municipalities like Cary, North Carolina, are retiring hundreds of legacy systems and developing a platform strategy to get a 360-degree view of permits, utility payments, and even park and recreation class registrations.
Digital Transformation Roadmap
The idea in a digital transformation roadmap is to assure that all 3 lenses of operations — Technical Feasibility, Business Viability, and Stakeholder Desires — are continually top of mind so that they can be met.
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