Digital transformation lessons
Conclusion: Digital transformation is a journey that will require an organisation to undergo metamorphosis. Unlike projects, it does not always have a short-term or long-term timeline. However, organisations can tread with discernment by harnessing clarity of purpose and an adept understanding of its culture and the values of its people.
There are different types of organisations in terms of how they handle digital transformation. These are the ‘visionaries’, the ‘explorers’ and the ‘watchers’. Visionary companies are those which truly utilise digital for transformation and truly believe that they can implement change. Explorer companies utilise digital transformation for experience.
Organisations that are considered as watchers utilise digital transformation for efficiency and have a traditional view with regard to technology. They believe that technology adoption can be used to reduce waste and gain efficiency.
The type in which an organisation falls may also affect the strategy it employs in handling challenges and obstacles. The most common hurdles faced by organisations are insufficient funding and technical skills, lack of organisational agility and entrepreneurial spirit, having a risk-averse culture, lack of collaborative culture, security concerns, competing priorities, lack of strategy and understanding.
Aside from the obstacles and challenges companies encounter, there are also various pitfalls they fail to recognise early on. This leads to mistakes and miscalculations.