What are the best digital transformation practices that you already know? Don’t think too much! Since you can read in this article at least 10 of them.
Aside from that, we will discuss in detail the benefits of each practice. So, just keep on reading.
Introduction about Digital Transformation Practices
Digital Transformation has become a key business strategy for companies. Why? To keep up with the fast-changing business environment. Also, to take advantage of exponential growth in digital technologies.
This article describes digital transformation practices that enterprises should adopt in the current business environment to remain competitive and relevant in the market.
Some of these practices are relevant to all industries, while others are relevant only to specific industries.
The Digital Transformation practices described here should be perceived as guidelines rather than hard-and-fast rules.
This is because different companies may need to focus on different problems, and may need different solutions.
This article also describes the benefits of each practice. Thus, the benefits help companies determine whether a particular practice is worth adopting and should be part of their Digital Transformation strategy.
10 Best Digital Transformation Practices
Here are the best digital transformation practices.
1. Digital Strategy
It is the blueprint of the business activities that will be carried out during the transition period to a digital company. It also describes how digital technologies are applied to improve the efficiency, effectiveness, flexibility, and customer experience of the company’s business model.
2. Digital Culture
It is the set of values, norms, and behaviors that determine how an organization understands, approaches, and uses digital technologies. Moreover, it includes organizational culture, leadership style, and employee attitude.
3. Digital Adoption
It is the extent to which an organization has established a presence in digital technologies and services across its operations and processes. It also includes which departments and employees are involved in digital transformation, and how they collaborate.
4. Digital Capabilities
An organization can use digital technologies and services to transform business processes and operations. As well as create new value for customers. It also includes which types of technologies and services are used, the extent to which they are implemented at scale, and how they are coordinated across the organization.
5. Digital Skills
It is the level of proficiency an organization’s workforce has with using digital technologies and services to accomplish their tasks. In addition, it includes which skillsets employees need to develop. Also, how digital skills need to be developed. As well as how collaboration with external companies is managed.
6. Digital Culture Transformation
It is the transformation of an organization’s culture in the digital era. It includes the prioritization of enterprise-wide digital transformation, how digital transformation is communicated to employees. Also, how the change is measured, analyzed, and responded to.
7. Digital Revenue
It is the amount of revenue that an organization generates from digital activities. It includes the composition of revenue by digital channel, the proportion of revenue generated by digitally-related products, services, or marketing activities. As well as the extent to which digitally-related revenues are growing.
8. Digital Business Transformation
It is the transition of an organization’s business model to be more efficient, effective, flexible, and customer-centric using digital technologies. It includes how to use digital technologies to create new types of products or services that are not part of the core business model, and how to enable new business models in related industries.
9. Digital Transitions
It is the change in the organizational structure to incorporate the changes brought by digital technologies. It includes how to govern digital initiatives, how to make sure digital initiatives are aligned with the overall organization’s strategy, how to manage digital-related risks, and how to measure and respond to digital-related risks.
10. Digital Transformation Measurement
Digital transformation measurement is the process of monitoring and measuring the progress of digital initiatives. It includes how to track the performance of digital initiatives, how to measure digital-related risks, and how to respond to digital-related risks.