Enterprise Digital Transformation

A digital fuel to move businesses forward!

Every industry has its requirement for digital transformation based on their business goals that primarily revolve around improving customer and organization experience. Digital transformation covers all aspects of business, be it a digital business, a business in the transition stage, or a business that follows traditional processes. The acceleration of technology adoption and change leads to new business strategies, markets, technologies, processes, operations, data management techniques, better customer experiences, innovative ways to tackle business challenges, and ultimately leads to a new economy. For instance, digital transformation in the logistics industry can improve cost-efficiency through collaborative logistics, which can save 15-20% cost for each order.

Benefits of enterprise digital transformation

These benefits are possible to achieve if right digital transformation approach is used from the beginning of the transformation journey. Size of the organization does not matter whether it is a big enterprise or a small enterprise, a wrong practice can lead to massive burn in the efforts and investments.

Reasons for not succeeding in enterprise digital transformation initiatives

Biased or incomplete digital maturity assessment
Lack of clarity on digital transformation goals
Lack of expertise
Internal resistance towards digitalization
Lack of clarity on user needs & expectations
Lack of prioritization basis business impact
Technology first approach
Misalignment with the business strategy

Though these challenges exists in all industries, but some industries have specific challenges due to that digital transformation fails or takes long time to implement.

For instance, GE, Ford and other major players poured $1.3 trillion into transformation initiatives, 70% of which — or $900 billion —was wasted on failed programs. The biggest reason: failure to effectively communicate their goals, strategy, purpose and outlook with their employees. (Credit -CNBC news)

In logistics industry some of the challenges are – lack of industry specific guidelines, lack of digital skills & talent, high implementation & running cost, budget constraints, resistance to change and legacy infrastructure

These types of challenges are restraining companies to achieve their digital transformation goals. We understand that while technology, customer behavior, digital and IT strategy, and value pools are evolving, businesses need to calibrate their business, IT, and digital strategies, in order to realize sustainable ROI.

With Alvarium, a design-led methodology for digital transformation, we help companies to transform smoothly, and gain better returns from digital transformation initiatives. We do so, through our collaborative approach where find the sweet spot between user desirability, business viability and technological feasibility. Our Alvarium consultants, domain, user experience, and technology experts, usage design principles to find the most optimal user centric digital solutions that have higher business impact and higher probability of user adoption.