Digital transformation will take a big stride forward at both the enterprise and industry levels by allowing global corporate conglomerates to operate with advanced systems and gain better control.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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Digital transformation will take a big stride forward at both the enterprise and industry levels by allowing global corporate conglomerates to operate with advanced systems and gain better control.

As a result of the recent worldwide crisis brought on by the epidemic, businesses are prioritising digital transformation. By allowing global corporate conglomerates to operate with systems and have better control, the digital transformation will take a huge step forward at both the enterprise and industry levels.

Several of our enterprise clients have expressed an interest in facilitating larger-scale digital transformation strategies, and our teams are working on projects to address their digital concerns.

What is Digital Transformation

Digital transformation is the process of fundamentally transforming an organization’s operations to accommodate current technologies. It isn’t only about incorporating advanced technologies into commercial operations, though. It’s also about improving the speed and value of how companies interact with customers throughout their journey, including partners, stakeholders, and departments.

Areas of Digital Transformation

The four major building blocks to enable digital transformation strategies comprises –

  • Technology

Integrating with cutting-edge technology is where the transformation takes place. Most businesses have a lot of baggage from legacy technology and architecture, which has resulted in performance bottlenecks and scalability issues. That is where the intake and adoption of current technology will secure future progress.

  • Data

For most businesses, data and information management is a major concern. Enterprises appeared to be constantly concerned about data quality, correctness, and cleansing. They can save resources, improve digital processes, and create corporate value when they are well-organized according to usage and applicability.

  • Processes

Digital transformation needs precise planning and comprehensive management. Often, a slight change of meeting customer requirements and simultaneously dealing with related workflows across silos is desirable. Sound and all-inclusive process management can effectively transform operational and business areas.

  • Change Management

Applying new structures and transformation processes relies on the readiness to change. Unsurprisingly, change takes time. However, in the end, it is the acceptance and dynamic change management that drives fruitful digital transformation.

Digital Transformation Framework

While digital transformation will differ extensively based on the organisation’s precise needs and challenges, there are shared themes among case studies that all corporate leaders should consider as they get on digital transformation.

Below digital transformation foundations have a frequent mention in published case studies:

  • Enhancing customer and user experience
  • Digital technology incorporation
  • Enabling operational briskness
  • Transitioning leadership and culture
  • Employee and stakeholder communication

While every guide has its suggestions, frameworks and phases, CIOs should look for significant themes which can be helpful when building their digital transformation strategy.

Impact of COVID on Digital Transformation and the Scale it Requires

COVID-19’s massive disruption is hastening the adoption of cutting-edge technology. However, the epidemic has prompted business leaders to implement accountable practises and produce value for a wide range of stakeholders.

Because of the pandemic, almost all industries had to operate on a virtual basis. Leaders could even use this time to create new and unique experiences.

In the meantime, several businesses have become technology leaders as a result of deliberate investments in valuable resources and assets. They are now able to scale their digital transformation plans as a result of these wise investments.

Getting Started with Digital Transformation

To initiate, first explore your existing situation. Plan out what needs to alter first, and then get everybody on board. IndiaNIC is a globally recognised IT company with skilled specialists that assist global enterprise brands, mid-size companies and startups with innovative technology solutions. We offer a comprehensive range of solutions for web and mobile platform for variety of industries and fortune companies across the globe.

Jigar Panchal

Insights by
Jigar Panchal, Director, Global Sales and Marketing, IndiaNIC

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

 

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members