- Digital transformation is vital for businesses to survive and thrive in changing circumstances, including current global restrictions and lockdowns.
- Organizations that implement new technologies and adapt to digital transformation show progress through increased productivity, process reliability, collective responsibility, and frequent changes.
- Key indicators of successful digital transformation include satisfied customers and employees, improved IT efficiency, and the ability to effectively work with increasing amounts of data.
Some troubles are constantly raging in the world. Whether it’s natural disasters or infectious diseases. At the moment, the whole world is in a regime of restrictions and lockdowns, which are weakening, then tightening. In order to survive, you need to evolve, adapt to existing circumstances. The same thing happens with business. There are never favorable situations for business, but nevertheless, companies find ways to move forward, improve business technologies and innovate. Now there is a process of changing digital technologies and it is not always clear whether this affects progress, or vice versa. Therefore, in this article we invite you to pay attention to the factors that show that you are moving in the right direction.
Digital change is an ongoing process. Sometimes it makes it difficult for teams working in the field of IT technologies, since many are used to determining the outcome of actions based on some kind of results or performance indicators, and in this area you need to act on the go. Despite all this, studying the changes in the digital transformation process is essential. As sad as it may sound, most organizations went bankrupt during periods when there was no coronavirus infection. However, even in such conditions, the demand for digital transformation is increasing to a large extent, since due to such tough conditions it becomes clear which methods are ineffective, as well as we gain understanding that it is necessary to change traditional strategies and business models. The main thing now is for companies to implement digital technologies, while not taking a break and not losing a competitive advantage.
We can say clearly that not all organizations will be able to implement new technologies, but they may try to take this path. The impact of technology is reflected in communication with customers, and also creates additional opportunities for work teams. Investing in new technologies will enable companies to maintain a competitive basis if leaders are flexible and make the right decisions.
If we talk about which factors affect the progress of the organization, then we can highlight those that are determined by the goals of enterprises and are more comprehensive. Managers and supervisors must define their personal criteria for progress. Based on these criteria, it is necessary to determine the appropriate enterprise digital transformation.
7 Signs of digital transformation progress
1. Process reliability
Digital maturity is the main indicator of the readiness of companies and enterprises to implement new digital strategies into an existing process. In general, teams that are targeting digital transformation are taking a long-term path for digital projects and programs. This method involves clearly defining goals, identifying problems with the current situation, regulating work change, continuous learning, repetition and expansion of work processes.
2. Increased productivity
Analysis of new processes that have arisen on the basis of digital transformation is one of the indicators for determining success. The objectives of such a process are to reduce costs, create efficient work and achieve the specified goals while spending as little money, time, and resources as possible. This also includes the productive use of human potential.
3. Taking collective responsibility for the choice of methods for executing digital transformation
Enterprises often have an established process of division of responsibility, whereby each department is responsible for making decisions in their area of activity. However, with regard to digital transformation, there must be a different approach. Digital transformation affects different departments in a company and the responsibility cannot be assigned to one team or a pair of leaders. New needs appear almost every day and it is difficult for one team to see everything that is happening on the market. In this regard, it is necessary to make changes at the organizational level. In order to quickly respond to emerging circumstances, to have time to make effective decisions and determine reasonable strategies, it is necessary to enable everyone to follow the technical execution.
4. Increasing the frequency of changes
Different companies need different changes. Some need to provide a new line of products, some need to improve communication with customers, and another needs to change the functionality of services. The positive factor is how fast companies are making the necessary changes and how frequent. Increasing the speed and frequency of change may seem like not a big deal, but it shows how your business is in harmony between organizational issues and their technological execution.
5. Satisfied consumers and workforce
One of the most important signs of progress is customer and employee feedback. Satisfied customers and those who are directly involved in process improvement are important indicators of the success of digital transformation.
6. Improving IT efficiency
The successful implementation of digital technologies affects the reduction of the time spent on the implementation of the project, as well as the number of overtime among employees.
7. Increase in the amount of data and the ability to work with it
As we go through digital transformations, there is a huge amount of data that needs to be processed. When a business is dealing with the amount of data gathered through its various strategies, it is another clear measure that you are moving in the right direction.
