Drive Digital Transformation Using Five Imperatives
From pandemic to climate change, disruptive tech, political unrest, and disruptors, winning the future markets for businesses depends on digital adoption. Organizations must link the language of digital transformation to achieve digital adaptability and advantage to thrive and survive.
The digital playbook prepared by organizations is vital as it serves the purpose of evolving in the future, planning beyond a single technology, breaking through human behavior, etc. Five such imperatives to drive digital transformation are mentioned below. These imperatives create a bridge between technology strategists and businesses for coordinated discussions. These are:
- Integrity – Focuses on ethical technology and trust across all external and internal-facing business systems. Address continuously evolving threats.
- Platforms – Focuses on management and location of information across the organization’s network.
- Connectivity – Encompasses the future of the internet and involves the flow of information across experiences, insights, and platforms.
- Insights – Assesses what operating model, data, analysis, and workforce are required to enable organizational strategies.
- Experience – Focuses on optimizing interactions with the users within the ecosystem. Whether they be workforce, customers, or other stakeholders.
Focus on Changes in Three Main Areas: Up Surge Digital Transformation
Enterprises have found it challenging to scale up from digital transformations around the globe. Thus, utilities are trying to reinvent themselves. The only way one can hasten the transformation is by adding digital talent to organizations, adopting digital ways of working, and modernizing IT.
We have highlighted three main areas in which organizations face significant issues. Also, take a look at the insights on how to resolve them. Focus on changes in three main areas for accelerating utilities in digital transformation. They are as follows:
- Retain & attract digital talent - Illustrate the utility's work's social value and intellectual challenge. Focus on a broad pool of digital specialists who value stability & balance.
- Adopt digital ways of working - Try to gain the support of digital leaders who prioritize digital transformation. Build a digital factory to produce insights.
- Modernize IT environment & architecture - Shift to all-in-one modular IT architectures. Simplify business processes and utility's product portfolio.
Key Business Factors Directing Such Digital Transformation
Let’s break down the key factors that are directing the driving need for digital transformation. They are as follows:
- Changing patterns of consumer behavior
- Scale and intensity of competition
- Internet penetration
Take a Glance at Competent Digital Playbook Drafted by SlideTeam
Digital transformations enable organizations to be prepared for future strategy changes. They acknowledge the role of AI, cybersecurity, and the cloud and align the overarching ambition of business transformations.
Take a comprehensive dive into the strategy in one place and prepare a matrix for efficient decision-making. The playbook is helpful for digital managers intending to manage the transformation process in their organization and optimize organizational operations.
Moreover, it will guide the organization as it outlines vital steps to manage digital change effectively.
Slide 1: Cover Page
Digital playbook guides organizations and their structure to drive transformation into the system. It shows the key steps within the transformation journey & provides a detailed plan for executing the same. First comes the cover page of the playbook that illustrates its name, the company’s name, and an image aligning the title.
Though the cover page doesn’t provide much information to stakeholders or management, it acts as a displaying guide about the playbook. It can even highlight the need behind the playbook, talking about its ongoing trend in the global market.
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Slide 2: Purpose of the Playbook
No playbook can be prepared if it does not fulfill a particular purpose for the organization in the market to survive. Henceforth, exhibiting details about the role of Digital playbooks becomes a must factor for companies.
This slide showcases that the digital playbook will serve as a guide for the organization and will help it achieve transformation for the organization.
Moreover, it provides the users with key insights into the transformation process and various steps which will aid the manager.
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Slide 3: Introduction to the Playbook
This slide provides an overview of the entire playbook and highlights a brief introduction of digital transformation as the latest trend in the industry. It even illustrates descriptions for different parts of the playbook with details of their page numbers.
Key information highlighted in the slide for the digital playbook includes:
- Digital transformation strategy refers to a process that helps the organization change its current operations from a manual to a technologically based system.
- Digitalization has taken the world by storm; every firm, be it new or old, has transformed itself & adopted digitalization as the new trend.
- The following playbook will serve you as a guide for your organization & help them in transforming your current business into a digitally mature corporation, etc.
Also, the complete digital playbook is divided into 4 parts. This slide provides a brief description of these 4 parts. The parts are – how digital transformation can help you, executing transformation strategy, transformation roadmap, and understanding the impact of digital transformation.
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Slide 4: How Digital Transformation can Change your Organization
Reports from Deloitte, KPMG, McKinsey, and other international organizations have marked their research in digital transformation. All the research reports have accepted that organizations will significantly impact their activities through digital transformation in every sphere of industry.
This slide showcases how digital transformation can change organizations as it provides key stats related to the same. Key statistics presented in the slide include:
- 87% of companies have experienced an increase in revenues
- 96% adoption rate of digital transformation by various organizations, etc.
Multiple ways in which such digital transformation can change any organization are as follows:
- Multiple organizations have witnessed tremendous impacts and positive outcomes from the process. Above mentioned are a few such stats that support this argument.
- Digital transformation has had heavy impacts on various organizations as it has helped in streamlining key processes with the help of modern technology & AI.
- Digitalizing the entire organization can be a daunting task. This playbook will serve as a roadmap & will guide you in transforming the organization as a whole.
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Slide 5: How to Execute Successful Digital Transformation Strategy
Organizations sometimes face difficulties in executing transformation strategies in their firm operations. Also, devising a plan to implement digital transformation successfully is a vital step in transforming an organization. The following slide highlights key steps to transform your organization successfully.
Additionally, executing a digital transformation strategy is one of the most important steps in transforming the organization. You need to follow the key 3 steps, which are as follows:
- Analyze and inspire – Set a future vision for transformation. Analyze the current situation & understand digital maturity
- Design a successful roadmap- Develop a roadmap that will act as a blueprint. Also, develop a roadmap with multiple steps.
- Executing the vision
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Slide 6: Executing the Vision for Digital Transformation
Executing a digital transformation strategy is one of the most vital steps in transforming the organization. This slide shows the third step of transformation, i.e., executing the vision. It includes the key activities that should be done by the organization & the expected outcome of each step.
Key activities to be done mentioned in the slide are as follows:
- Setting up the team member
- IT asset and software analysis
- Identifying data sources
- Migrating the data to a server, etc.
Similarly, the expected outcome highlighted in the slide includes the undermentioned facts:
- Execution process begins
- Data migration begins
- Team members begin working on the transformation stages, etc.
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Slide 7: Digital Transformation Roadmap for your Organization
Roadmap serves as a strategic blueprint or a guide for the organization. Following slide displays a dedicated transformation for the roadmap that highlights 3 significant key steps. They are:
- Performing internal analysis – Choosing which transformation strategy is best, developing a communication plan for transformation, assessing the readiness for change, etc.
- Key steps of implementation – Digital transformation tools you can adopt, developing new business models, etc.
- Understanding impact of digital transformation – Tools required to execute the transformation, define the KPIs, etc., successfully.
You must have a detailed roadmap to implement the digital transformation strategy successfully. It will guide the organization & aid them in successfully transforming. The three steps detailed above are comprehensive roadmap stages that will help you change.
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Slide 8: Which Digital Transformation Strategy Suits your Organization
There are various types of digital transformation strategies that any organization can utilize and select according to their needs and readiness. This slide showcases multiple transformation strategies that help organizations to increase revenue.
Multiple digital transformation strategies that the organization can use are mentioned below. They are:
- Process transformation – Transforming the entire process of the organization. This can be achieved by introducing new technologies.
- Business model transformation – Changing the complete business model of the company. Associating new partners, introducing new cost structures, etc.
- Domain transformation – Transforming the domain in which the organization has kept all its databases. Migrating the entire database to serverless technology.
- Cultural transformation
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Slide 9: Digital Transformation Trends we can Adopt
Keeping an eye on key trends that will impact the organization should be analyzed & assessed carefully. This slide exhibits the key trends that the organization can adopt. These trends can impact the transformation journey and help in achieving operational excellence.
Below we have listed the most popular key trends that should be carefully analyzed before the digital transformation journey. Some of them include:
- Utilization of high-end cyber security tools
- Data deconstruction
- Usage of AI in organization operations
- Usage of hyper-automation, etc.
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Slide 10: Tools for Successfully Implementing Digital Transformation
This slide showcases the tools required by the organization for the successful implementation of digital transformation. The table in the slide highlights the name of the tools required along with their description, availability, cost, additional comments, etc.
Various tools mentioned in the slide are as follows:
- Communication tools – Tracking team progress with dedicated work groups. Smooth flow of communication across the organization. The tool will help organizations in the efficient management of digital transformation.
- Intranet platform – Building internal team groups to deliver projects in the company better. Build an intranet server to manage projects within the organization better.
- Customer relationship management tools – Tools that help the marketing department manage customer data efficiently. Purchase CRM tools to help manage digital transformation efficiently.
- Cloud storage
- Project management tools, etc.
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Slide 11: Key KPIs for Digital Transformation
Measuring digital transformation is a key aspect of any transformation strategy. We have enlisted multiple KPIs for your organization. These KPIs can be divided into numerous sections. These sections are highlighted below. Take a look:
- Customer experience metrics – Customer satisfaction rate, customer effort score, loyalty index, etc.
- User metrics – Net promoter score, traffic source, bounce rate, exit rate, etc.
- Application metrics – Uptime, mean time to failure, mean time to resolve, etc.
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Wrapping Up!
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