In this blog, we will discuss some effective strategies to speed up your Digital Presence & Operational efforts.
We will cover topics such as the importance of having a clear digital transformation strategy, how to leverage emerging technologies like artificial intelligence and the Internet of Things, the significance of data analytics, and the importance of building a Digital Presence within your organization.
By following the strategies outlined in this blog, you can accelerate your digital transformation journey, improve your company’s competitiveness, and better meet the evolving needs of your customers.
Let’s look down at some reality facts check and how crucial it can be for your business if not implemented in the right way.
Digital transformation is even more difficult to execute than traditional transformation efforts. But the most effective Digital Presence results show five success factors.
As digital technologies dramatically are penetrating one industry after another, many companies are embarking on large-scale transformation efforts to capitalize on these trends or simply to keep up with the competition.
Digital transformation is even more difficult to execute than traditional transformation efforts. But the most effective Digital Presence results show five success factors.
While previous research found that less than a third of organizational transformations were successful in improving a company’s performance and sustaining its profits, the latest findings show that the success rate for digital transformation is shown to be even lower.
Results from Companies who reported success identified 21 best practices, all of which increase the likelihood of a successful Digital Presence. These properties fall into further five categories:
Leadership, skill building, people empowerment, tools, and communication upgrades.
These categories show where and how companies can improve their chances of successfully digitally transforming their business.
Transformation is hard, digital transformation is even harder
Years of research into conversion have shown that these attempts have a consistently low success rate. Less than 30% are successful.
This year’s results suggest that digital transformation is even more difficult.
Only 16% of Companies said their organization’s digital transformation has improved performance and enabled them to adapt to long-term change.
Another 7% said their performance improved, but these improvements were not sustainable.
Even digitally savvy industries like tech, media, and telecom are struggling. In these industries, the success rate does not exceed 26%.
But in more traditional industries such as oil & gas, automotive, infrastructure, and pharmaceuticals, digital transformation is even more difficult. The success rate is 4-11%.
The success rate also depends on the size of the company. At companies with fewer than 100 employees.
He is 2.7 times more likely that the respondent will report success in his digital transformation than at companies with more than 50,000 employees.
The Structure of Digital Transformation
Whether the transformation effort was successful or not, the results demonstrate some common traits of today’s digital transformation.
For one thing, organizations tend to look inward when making such changes.
The most common goal of digital transformation is to digitize an organization’s operating model, cited by 68% of Companies.
Fewer than half said their goal is to launch new products or services or engage with external partners through digital channels.
Digital transformation is also usually far-reaching. Eight of the 10 Companies said their recent change efforts impacted multiple functions, business units, or the organization as a whole.
Additionally, technology adoption plays a key role in digital transformation Companies, on average, said their organizations use four of the 11 technologies we asked about, with traditional web tools being the most cited, with the majority of these efforts used.
At the same time, successful transformation results show that these organizations use more technology than others. This may seem counterintuitive.
A broader suite of technologies can make transformative initiatives more complex to execute and more likely to fail.
However, successful transforming organizations are more likely than others to use more advanced technologies such as artificial intelligence, the Internet of Things, and advanced neural machine learning techniques.
The Key to Success
Having these technologies in your hands is only part of the story. The survey findings highlight just how rigorously organizations need to implement technology-enabled change to differentiate successful digital transformations from others.
Our research points to a number of factors that may increase the chances of successful transformation. These factors fall into her five categories:
- Having the right, digital-savvy leaders in a place like Tecxar
- Building Capabilities for the Workforce of the Future
- Empowering people to work in new ways and methods
- Giving day-to-day tools a digital upgrade
- Communicating frequently via traditional and digital methods
Deploying the Right Digitally Savvy Leaders like Tecxar
During digital transformation, changes occur at all levels, especially when it comes to talent and skills. Nearly 70% of all Companies said their organization’s top teams changed during the transformation.
The most common is the addition of a new digital technology-savvy leader to the executive team.
In fact, adding such leaders is one of the keys to a successful transformation.
The same is true for the involvement of transformation-specific roles: individual initiative leaders, program management leaders, or transformation office leaders who are dedicated full-time to transformation efforts. Another key to success is leadership commitment.
Transformation success is more likely when people in key roles (both senior leaders in the organization and transformation-focused roles) are more involved in digital transformation than in previous transformation efforts.
Other results suggest that companies that achieve transformational success are more likely to have specific digitally savvy leaders.
He said less than a third of all Companies said their organization had a dedicated team to support the transformation.
But those who report successful digital transformation are 1.6 times more likely to report him than those who do not.
Tecxar has helped businesses to implement successful digital transformation we care for your business and we help you implement them technically and run towards reaching new heights
Building Skills for the Workforce of the Future
The survey results confirm that developing talent and skills across the organization (a fundamental measure of traditional transformation) is one of the most important success factors for digital transformation efforts.
Three of the 21 keys to success are related to your employees’ digital skills. First, we need to redefine individual roles and responsibilities in line with transformational goals that help clarify the roles and skills needed by the organization. Implementing this practice makes the respondent 1.5 times more likely to report successful digital transformation than it is.
Two of the other keys relate to embedding specific roles of integrator and technology innovation manager that bridge the potential gap between the traditional and digital parts of the enterprise.
Individuals with these roles help develop stronger internal skills among their peers.
Integrators are employees who transform and integrate new digital methods and processes into existing ways of working.
Integrators are typically experienced on the business side and also understand the technical aspects and business potential of digital technologies, so they are well-equipped to connect the traditional and digital parts of the business.
Understanding the Key Components of Digital Transformation
Technology Innovation Managers have specialized technical skills and lead the work on the company’s digital innovations.
Beyond these three keys to success, he found that companies that have successfully transformed are more well-funded and have a more robust approach to talent than their peers.
When Companies say their organization is investing the right amount in digital talent, their transformation is more than three times more likely to succeed.
And as with companies like Tecxar, their partner companies expand their workforce planning and development, and their chances of success increase.
100% of the Companies reported successful transformation when companies set cross-functional or company-wide hiring targets based on specific skill requirements.
This is almost twice as many Companies from companies that do not. Using a broader approach when hiring also supports success.
Traditional recruitment methods such as open recruitment and referrals from current employees do not have a clear impact on success, but newer or more unusual methods do.
As part of this, organizations that have recruits play games, find hidden messages in source code, etc., or host technology conferences or “hackathons” are likely to be successful. At least double.
Previous research has shown that digital transformation requires cultural and behavioral changes such as calculated risk-taking, increased collaboration, and customer-centricity.
The results of this research show the two main ways companies that have successfully transformed empower their employees to embrace these changes.
Customer Experience: Delivering Personalized, Contextual, and Omnichannel Interactions
The first is to empower new behaviors and ways of working through formal mechanisms that have long been proven to support organizational change.
The key to successful transformation lies in adopting practices related to new ways of working.
Companies who indicated that their organizations had adopted at least one new way of working, such as continuous learning or an open work environment, as part of their transformation efforts had more successful transformations than other Companies.
Reported. more likely. Another key is giving employees a say in where they can and should use digitization.
Companies report they are 1.4 times more likely to succeed if their employees have unique ideas about how digital can a company move helped their business.
On the other hand, you can take a free consultation from a Tech savvy startup like Tecxar which can help you with a clear digital roadmap on how you can kick-start the digital transformation.
A second approach to empowering employees is to enable key employees to play a role in driving change. Success depends on both leaders and those involved in change.
Change Management: The Human Side of Digital Transformation
A related factor is encouraging employees to challenge old ways of working. Companies who say senior leaders and individuals in transformational roles do so are more likely to report results than their peer’s Chances are he is 1.5 times higher.
Or 1.7 times the person in charge. Another success factor has to do with risk-taking.
Success is more likely when an experienced change leader encourages all employees to try new ideas.
The third key to success is for those in key roles to ensure that their units are aligned with others as they work to transform.
If a respondent said that leaders and employees in transformative roles did so, they were 1.6 and he was 1.8 times more likely to report results than others, respectively.
Digitizing Everyday Tools, the results show how and to what extent the digitizing of tools and processes can successfully enable employees to work in new ways.
We asked Companies about the seven structural changes their organizations have made since the transformation began.
Three of these changes, each focused on making the use of digital tools the new organizational norm, have proven to be key to success.
The first key is to adopt digital tools to make information more accessible across the organization. This makes his transformation more than twice as likely to succeed.
The second is the implementation of digital self-service technology for groups of employees, business partners, or both.
When an organization does this, it doubles the chances of a successful transformation.
A third key focus on technology in business operations is for organizations to change standard operating procedures to accommodate new technologies.
Beyond these factors, the increased use of data-driven decision-making and interactive tools can more than double the chances of successful transformation.
Communicate Frequently Using Traditional and Digital Methods
As we’ve seen with traditional transformation efforts, clear communication is critical in digital transformation.
More specifically, the key to success is telling a change story that helps employees understand where the company is heading, why it’s changing, and why change matters.
Organizations that follow this practice are more than three times more likely to transform successfully.
The second key is to foster a sense of urgency in leaders to implement change in their departments. This is a practice that emphasizes good communication.
Other results suggest that when telling stories of change, successful organizations tend to tell richer stories than others.
The factors that have the greatest impact on their success are his organization’s clear goals for his KPIs and clear communication of his transformation.
We also know that using remote and digital communications to communicate your transformational vision supports much greater success than face-to-face or traditional channels.
Senior Managers and Initiatives When her leaders use new digital channels to reach employees remotely, her success rate triples.
Companies say many digital transformations have failed to improve performance and transform their organizations, but lessons can be learned from those who report success.
The findings suggest actions companies should take to improve their chances of successful transformation.
Rethink your workplace: Tecxar understands that success requires both digitally savvy leaders and a workforce capable of driving digital transformation change.
Digitization, automation, and other technology trends are having a significant impact on the workforce, requiring companies to invest in and hire employees with radically different skills and capabilities.
Whether or not your organization has already embarked on a digital transformation.
It is important for all businesses to think critically about the short and long-term impact of digitization on their business and the skills they need to maintain is an important step for your organization to develop a clear workforce strategy to determine the digital skills and competencies you have (and need) today to meet your future goals.
Update the “wiring” of the organization: Digitalization requires new ways of working and a change in the overall culture of the company, so employees need to be able to work differently and keep up with the faster pace of business.
Implementing Digital Presence and updating processes, and developing a more flexible operating model – i.e., Hiring the organization – to support these changes.
Of course, leaders also play a key role in letting go of old practices (e.g., command and control oversight).
Not all leaders have the experience to support or implement such changes, so specific leadership development programs can help leaders and employees alike bring about the necessary changes in thinking and behavior.
Change the method of communication: good communication has always been a critical success factor in tackling traditional change, and it is equally important in digital transformation.
In a digital context, businesses need to be more creative with the channels they use to enable the new, faster ways of working and the faster change in thinking and behavior needed for digital transformation.
One change is moving away from traditional channels that only support one-way communication (e.g., company-wide email) to more interactive platforms (e.g., internal social media) that foster open dialogue across the capable enterprise is to migrate to Another key to improving communication is creating shorter, Digital Presence possibly customized messages for people in your conversations.
In conclusion, the success of any business in the digital age depends largely on its ability to effectively leverage digital technologies and establish a strong Digital Presence.
However, for many businesses, finding the right talent with the necessary skills and experience to achieve this goal can be a significant challenge.
This is where Tecxar comes in. As a specialized staffing and consulting firm, Tecxar has the expertise and resources to help businesses find the right talent to improve their digital presence.
Tecxar can provide you with highly skilled and experienced professionals who can help you achieve your digital transformation goals.
By working with Tecxar, you can focus on running your business while leaving the digital transformation to the experts.
With Tecxar’s help, you can build a strong digital presence and stay ahead of the competition in today’s fast-paced business environment.