Enterprise Digital Transformation: From talk to implement!

The face of enterprise digital transformation is different in every company as well as industry. It is the integration of digital technology that leads to fundamental shifts in business functions and further delivers value.

The essence of digital transformation lies in the way businesses, customers, and the government adopt and incorporate innovative practices and upcoming technologies to collaborate with systems, people, processes, and the business community.

Digitising the business minimises the required efforts, but choosing the right technology for the process is chaotic. A proper transformation track is necessary to improve the end‐to‐end business processes; change business’s functions, procedures, organisation, data, metrics, and technology as per the strategic objectives and tactical market demands.

The lack of awareness regarding the digital transformation had led the organisations confused if to opt for it or not.

Signs that Your Company Requires a Digital Transformation

• Absence of best practices on the technical side
• More efficient execution process of the same product/service by competitors
• Fail to analyse or understand the market demands
• Lack of integration amongst platforms
• No escalation plans
• Unresponsive/outdated website
• Absence of digital interaction with the customer
• Not leveraging data to make decisions
• Absence of digital technology in your strategy
• Increasing operational cost

So what do you do if your company falls in the above category? Well, some things are more comfortable to fix, and others a bit more complicated. Implementing random technology without proper analysis can lead to chaos in the organisation. Understanding the critical problems and then moving forward is the key to successful enterprise digital transformation.

Steps To being a Digitally Empowered Enterprise:

Standardisation: getting everyone on the same page.

Modernisation: reducing the burden of outdated and obsolete technology and structures.

Transformation: strategising to increase productivity and adopt emerging technology.

At Alvarium, we are specialised in guiding businesses incomplete transformation cycle from analysing the right pain points to deploy technologies to eliminate those pain points.

Where to Start with Digital Transformation

Although it may seem easy to talk about digital transformation, it is difficult to get started with it. The switch includes every part of an organisation; accepting new business methods, and leaving the comfort zone of the organisation.

However, digital transformation is not only for global brands or for large industries. It is equally essential to any company dedicated to innovating and adopting change.

• Know the objective for digital transformation
• What needs to be transformed to get the desired output?
• The right time
• How to transform; by completely changing legacy systems or change by the requirement?

Each of the above four points needs to be addressed thoroughly to understand if the company is ready for transformation or not.

Our design-led methodology for digital transformation leverages concepts of design thinking, which constitute a problem-solving mindset and methodology. Through this approach, we create a transformation roadmap and implement/deploy technology stack for the customers to achieve their transformation goals.

Through our methodology, our clients achieve a 20-30% increase in repeat customers, a 35% reduction in customer attrition, 10-12% greater market valuation.

We stand with our customers in all phases of their digital transformation journey. We combine the expertise of our group companies and ensure customer success with full accountability. Reach us at consult@thealvarium.com to start a digitally empowered journey!