Ninety-one percent see digital transformation as a way of sparking innovation and finding efficiencies.While business leaders understand the need to develop a digital transformation strategy, many aren’t sure where to start. Below we will guide you through the general approach that we’ve found to be successful.
Four practices for digital transformation success
Inspire: envision the future state of your business
A great way to do this is with an Envisioning Workshop. Envisioning Workshops convene stakeholders from across the business to develop and align on a vision for their organization’s future success. The workshop includes an overview of market and industry opportunities and threats, exercises to evaluate your organization’s capabilities through the lens of digital transformation, and a customer journey practice that gives you insights into your customers’ point of view.
Design: scope your transformation aspiration and technology roadmap
One way to do this is by building a compelling case through assessments. Digital transformation projects require funding, and funding requires ROI projections. Conducting a business assessment will help you estimate financial ROI, while a technical assessment can show decision-makers that the project you’re proposing is finite and doable.
Empower: build support for your vision
Building a solution demo is a great way to whet the appetite for digital transformation across your organization. It can help bring your concept to life, engage renewed support for your vision, and provide you with valuable feedback.
Achieve: move your organization from vision to action
Create and execute on your transformation plan. Once you’ve completed the three steps above, you’ll have the information and insights to develop an executable plan, with concrete steps to project completion.
Source: https://cloudblogs.microsoft.com/
Global iTS is a leading Microsoft Dynamics 365 ERP and CRM Partner with offices all over GCC (Bahrain, Saudi Arabia KSA, Oman “Muscat”, UAE “Dubai”, and Kuwait), with domain expertise in Financial Services Sector Digital Transformation like” Retail Banking, Commercial Banking, Insurance Providers, Private Equity, and Investment Banking.
