“COVID-19 has shattered economies worldwide. However, these challenges provide an opportunity for new businesses to flourish based on a new reality— to become completely digital and contactless.” This is according to Deloitte, who go on to say that this is an opportune time to focus on digital transformation because now, more so than ever, there is a real need to accelerate it.
Digital transformation has become a defining feature of most business’ attempt to survive and minimise the impact of the pandemic. For some, especially in developing regions, these efforts are hindered by limited budgets, a general lack of IT skills, legacy systems and a lack of remote/mobile work policies.
“Put simply, if you don’t digitally transform your business, you’re in trouble, as was seen recently with the scramble of businesses to enable their staff to work from home with the onset of lockdown restrictions,” Peter Scheffel, chief digital officer at international custom software solutions development company, BBD, told ITWeb online.
Below, we’ve outlined four key steps to help you use digital tools and technologies to reimagine and improve your core business operations.
#1 Start small
Digital transformation is an exciting journey that will ultimately have an impact on every aspect of your business. But this doesn’t mean that you should totally overhaul everything all at once. Break down your digital transformation into smaller, more manageable stages. The experts advise that businesses identify one area of the business that can be transformed and then allocate a small budget and a small team to this project. These learnings and experiences should inform your digital transformation efforts across other business segments.
#2 Identify role players
All digital transformation efforts must be considered from the perspective of everyone who stands to be affected – from customers and business to IT teams and technology partners.
For example, IT teams and finance departments are likely to have different digital transformation experiences. While IT is focused on delivering better systems, finance is concerned about cost savings and efficiency. It’s critical to balance different priorities and objectives.
#3 Embrace cloud
Your existing architecture can hold you back. Using cloud technology you can migrate, re-host or rearchitect your legacy infrastructure to provide greater business flexibility and adaptability. “Being cloud-enabled is an essential pillar to digital transformation and knowing the importance of cloud technology in today’s business landscape cannot be overstated,” says Scheffel.
#4 Go agile
According to KPMG, as much as 80% of revenue growth is predicted to come from digital offerings and operations over the next three years. As such, IT leaders should continue transforming their operating models and investing in key enablers, like agile ways of working. In practice, an agile approach makes it possible to test things out and iterate as you go along. And to make these upgrades and improvements based on customer feedback or in response to changes in the market. Similarly, being able to release software in smaller iterations makes it possible to deliver results at a much faster pace.
Digital transformation isn’t only about technology. It’s also about shifting your mindset when it comes to business strategies and processes. At Nebula, we’re here to help you on every step of the journey. To find out more about what we do and how we can help you transform your business processes, simply complete the form below and we’ll get back to you.