It is a prevalent phenomenon, CXOs driving digital transformation plan a multipronged strategy to reach the end-game in fulfilling company vision. But those plans and road maps fail all too frequently and go asunder because the design is too entrenched with no room for contingency.
The reason: while they know their destination, they don’t have the full measure of the challenges that await and what changes will be required as they grow and go along the path to transformation – year on year.
Technology grows exponentially. This means that solutions, designs, and applications grow old quickly – will be modified or made redundant in a couple of years because of the accelerated pace of change. It is the era of digital renaissance and there are many unpredictable forces that will upset the apple cart and lead your plans astray.
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So, the real challenge in the digital transformation strategy is the ability to adjust your plans quickly to the changing environment and make changes to your plans as the decisions and capabilities become more defined. It is thus necessary to segment the digital road map into short sprints or stages that enable agility and allow flexibility to make changes as you go.
Generally, you can identify three decision-making areas that are potential pitfalls but can enhance your plan’s success if handled carefully.
Someone once said that digital transformation is like changing the tire while driving. The analogy could be further extended. It is also driving to a never-seen destination with increasingly complex and unforeseen challenges thrown for the drivers to navigate their course and achieve the milestones. By ensuring technological extensibility, building a more connected world and documenting your approach at the outset, you are prepared well to tackle the challenges head on. It is then that your transformation efforts achieve breakthrough performance.
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