Apart from the human factor at work, there have been companies throughout history that have steadfastly refused to rise to the challenges, to change and to adapt to the world, and which quickly became irrelevant or failed.
It is no wonder that companies are constantly striving to transform themselves, and thus, it is easy to see digital transformation business strategies as a fun-filled ride into the future. As new technologies and associated technology leaders reposition companies to become digital enterprises, we can imagine a rush of high-five companies. There is no doubt that they are often billed as positioning companies for size, incorporating the use of technologies such as artificial intelligence, machine learning, cloud computing, data analysis and more. Whether you are planning a long-term transformation strategy or interacting with colleagues in other parts of the company, digital transformation is always at the forefront.
In parallel with these policy steps, we are also seeing how ICT and digital technologies are continually changing business and market dynamics.
As we are also in the Digital Transformation business area, we believe that we can place developments at home in a global context. In the current digital transformation landscape, the ability to address and adapt to changes within the organization has become one of the most important aspects of any business, not only in business operations but also in the organization. Read on to learn more about how change management develops and what you can do to develop viable and successful strategies.
Innovation management and change management plays a very important role in addition to strategy and culture. Unlike project management, where it is easy to set a timetable, specific goals and concrete results, change management follow a more reactive and indefinite path.
In this context, innovation can be found in all departments and implemented through joint provision with partners and competitors. While business model engineering is already included as an element of strategic innovation management, which is basically one of the many approaches of ITONICS it can also be supplemented by business models and engineering.
If you believe that your business does not have the resources to sustainably manage digital transformation, you can consider innovation networks if you want, but you need to invest in them to survive continued market disruptions. Digital transformation is what happens to companies when they embark on new and innovative ways of doing business based on technological advances. It describes the process of adopting technologies to improve or replace what is available, and it is something that is fundamentally changing through the use of digital tools.
As mentioned in the above article, digital transformation is not just about technology; it affects everything you touch and every industry. Digital transformation is not about the products and solutions you buy, but about your business and your customers.
Independent of digitalization, companies need intelligent people who strategically shape the future of the company and implement change management. Similarly, empower those people who can creatively use technological adaptation and show progress. Although technology seems to be at the heart of all digital things, transformation will only succeed if people are put first.
A strategy for the digital transformation of companies helps to evaluate the current IT department and identify the change that needs to be made in order to compete effectively in the future. As exciting new digital technologies become available, companies must be forced to think about how these innovations will affect their operations. A good strategy for digital transformation is more than just adopting the latest technology. If a company goes the wrong way, it can waste valuable time and resources on initiatives that do not contribute to business success.
Digital transformation is the process of technology introduction, modifying key processes, operations and services to meet changing market requirements in a better way. To this end, the role of the IT department and its role in the operational business of the company must be redefined.
The best companies in the industry recognize that digital solutions require a shift away from traditional business models and toward a more digitally centric approach. They have successfully transitioned to a technology company by fostering a culture of innovation and shifting corporate values toward customer focus.
If you need a bespoke approach to identifying what transformation needs to look like within your organization, get in touch with us. We conduct workshops in Design Thinking, Business Model Innovation, Customer Journey Mapping, Storyboarding to help you discover your trajectory to arrive at a transformed business, product or department.