Digital Transformation for Business: Mastering the Journey
Digital transformation is hard work. To reinvent your company and stay ahead of the competition, businesses must keep the course and endure ever-changing regulations, technology, talent, and customer demands. Being 100% resistant to digitization is no longer realistic. Overcoming the challenges in the digital age means organizations and business leaders must look past what processes led to their previous success, and what can help them achieve it in the future.
What is digital transformation?
Digital transformation consists of digital technologies that make a process more efficient and productive. Essentially, the main concept is to embrace technologies to improve operations and enhance opportunities. Some of the techniques that influence digital transformation are cloud computing, the Internet of Things, big data, and artificial intelligence (AI).
However, digital transformation not only entails technologies. It’s about adapting your business processes and company culture to stay ahead of the curve and compete with competitors. Digital transformation projects are typically large in scope as they are an organization-wide initiative. Often, they involve large document scanning projects to convert paper files in digital images.
According to a recent Grant Thorton survey, more than two-thirds of CFOs (69%) plan to increase their investments in digital transformation efforts to gain a competitive edge in the marketplace. And by 2020, 47% of business executives expect that digital efforts will influence revenue.
So how do you master the long journey ahead towards digital transformation? Keep these tips in mind:
7 Digital Transformation Tips for Business
1. Don’t be afraid to fail
Digital conversion involves risk, and sometimes, risk doesn’t always succeed. Be willing to accept a new challenge and learn from your losses. By working towards small improvements over time, your business will be enabled to withstand any company setbacks it undergoes.
2. Turn problems into opportunities
Learn to reposition obstacles along the way to opportunities for improvements. Issues that may arise in your digital transformation journey can help make you better prepared and knowledgeable for future tasks.
3. Be adaptable
As you lead your company towards digitalization, be sure to adapt, restrategize, and accept that roles may change during each phase of the project. If you encounter obstacles mid-project; it’s essential to realign them to achieve your goals.
4. Don’t become overwhelmed
Be sure to prioritize tasks with a clear focus on the path towards success. By concentrating on the most critical function one step at a time, it will become easier to stay focused.
5. Pace yourself
To achieve digitalization, accept that it won’t occur overnight. Break the project up into incremental phases. Don’t get distraught by the entire project if it doesn’t immediately kick off the way you’d initially hoped.
6. Be an ambassador for change
As with most companies, company reinventions don’t always receive unanimous buy-in from employees. Staff members may be resistant to change. By sharing a positive outlook towards innovation and sharing this with others throughout the project, your teammates will slowly transform their way of thinking.
7. Push harder to reach success
Digital transformation isn’t always easy, and it can be a daunting road ahead. But to advance, you must challenge yourself and your team. Be sure to set long-term goals for your company and your organization with success in mind. Be patient and stay the course to realize your company’s real potential.
Ready to start your digitalization journey?
Digital conversion can sometimes be an overpowering task to start. That’s why you don’t have to go at it alone. At Vital Records Control, we not only store your confidential records but convert them to digital files with 24/7 online access to your information. Our imaging experts work with you to evaluate your company’s needs, making recommendations for improved processes and efficiencies.