66-How to develop a digital transformation strategy


Manage episode 291823628 series 2922369
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Digital transformation strategy involves assessing your own requirements and corporate culture, setting business goals and identifying and tracking risks, conducting regular prototypes and testing, asking internal staff for input on these roll-outs, and using new technologies.

For years, the digital transformation seemed like something mostly about computers and software, and data. This is what businesses pursue, for the sake of IT agility, to extract new value from data, model software prototypes of physical goods, or develop business processes.

While such development initiatives are often vital to a company, it turns out that digital transformation is really about us at its heart. That has many powerful lessons to teach us how to think about technology and work, both now and in the future.

The COVID-19 outbreak is a tragedy that will have widespread and long-lasting implications for humanity and our global economy.

I hope you’re all staying safe and healthy. And the way discussion started happening in the organizations and at c-level on the key question. How has COVID impacted & how organizations operate?

These conversations make one point very clear. Business transformation enabled by digital is becoming the new normal as the nature of work is redefined by COVID -19. Delivering education online, shifting banks to digital apps, and accelerating the digital automation with RPA, AI/ML, IoT is now required, without any delay.

The digital economy is characterized by rapid development, change, creativity, and disruption. Organizations that want to keep up must be prepared to adapt to this new digital environment. But digital transformation requires more than just adopting new technologies, investing in fancy gadgets, or updating current systems.

That’s why it’s so important for organizations to have a digital transformation strategy.

You’ll Learn: Business Transformation Strategy Development
  1. What is a Digital Transformation strategy?
  2. What is Strategy? definition of strategy in the corporate world
  3. How to develop a digital transformation strategy?
  4. Details on 3 steps strategy approach
  5. Examples of digital transformation strategy (public sector)


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