A 5-Step Guide in Establishing a Simple Digital Transformation Framework
A 5-Step Guide in Establishing a Digital Transformation Framework
Looking to transform the digital framework of your business? This simple 5-step guide should help you establish a digital transformation framework.
Keyword(s): digital transformation framework
Does your business have a digital strategy? If not, it's probably holding you back.
According to a study done by MIT Sloan Management Review, having a digital strategy is your ticket to success.
Your company needs to stay on top of the ever-changing digital landscape. But it's a tall order trying to change your digital processes. There's a lot of planning involved and you have to consider your staff as well as your technology.
Looking to transform the digital framework of your business to improve productivity and quality? This simple 5-step guide will help you establish a digital transformation framework.
1. Review Your Current Processes
Before you and your company go through the effort of a digital transformation process, it's important to take a look at your current systems.
Is it worth the cost, time, and energy it takes to go through a digital transformation? Will the benefits of a new digital framework outweigh the effort?
Sometimes seeing new digital software can tempt us into buying something we don't necessarily need. Realize that a digital transformation can hold up other processes while you implement the new system.
If after a full assessment of your current processes you're ready to make the change, then you're ready to start building your framework.
2. Set Your Digital Transformation's Budget
The next step of your strategy will be to figure out what your company needs versus what your budget is. You may not be able to get all of the bells and whistles you're wishing for due to high costs.
When you're pricing out the cost of a digital transformation, don't forget to include more than just the amount for technology. You should also include the cost of employee training and support.
When you're implementing the new digital software there might be some downtime of other processes. So be sure to calculate this loss of productivity into your budget.
3. Communication at All Levels
When you are attempting to make big changes to your company's digital processes, you have to expect that there might be resistance from employees. One of the greatest challenges to a digital transformation is training and supporting your staff throughout the implementation.
That's why communication is a key aspect of any digital transformation framework. Make sure that everyone feels comfortable speaking out about questions, concerns, and challenges that they have.
Getting the buy-in you need from your employees will make for a much smoother transition. If they feel like they are being left out of the process, they might not be willing to go along with the changes. Keep them happy and involved as you build the framework for your transformation.
4. Create a Project Timeline & Establish Leads
There's a lot of research involved in creating a digital transformation framework. You not only need to understand the functionality of the digital software, but you will also want to asses how it fits into your processes.
You may need to consult with current employees and figure out how the new processes can support them. This will need to be added to your overall project timeline.
Determine how long each stage of the implementation process will take and give yourself adequate time to complete everything. Then be sure you have project leaders who will keep the project moving forward and stick to the timeline.
Unfortunately, according to research on average 70% of large-scale change programs don't reach their goals. If there are no clear leaders able to delegate with authority, then the implementation might get halted resulting in a loss of productivity and revenue.
That's why creating a strong digital transformation framework is so important.
5. Remain Open to New Possibilities
Today's digital age is seeing companies taking more risks in order to gain a competitive advantage. It's the only way to keep up with the ever-changing digital landscape.
During and after your digital transformation's implementation, stay aware of your industry and any new opportunities or alterations in your plan. You may need to alter your strategy to stay relevant. That's okay, just remember to avoid being resistant to change, it's inevitable in today's world.
Start Your Digital Transformation Framework
Getting started on your digital transformation framework begins with some inquiry and research. You won't know how to strategize for your digital processes until you know what's out there as well as how it will most benefit your company.
Want help with your digital transformation? Check our blog for more great insights.