Across Almost Every Industry Eligible For Change, Digital Transformation Has Been The Agenda Of The Business
Across almost every industry eligible for change, digital transformation has been the agenda of the business for some time now. Digital transformation can be described as the change in the way a company operates, in order to become an organization that is agile, data-centric, and capable of evolving rapidly. However, research shows that 70 percent of digital transformation projects fail to reach their stated goals. This is often because these projects are built from bottom up. In order to successfully undergo digital transformation, there has to be a collaboration of minds that is led from the top and requires every member of the board to play a vital role in the process.
Here are four reasons why digital transformations should be a top down process.
Role of the Board
It is essential that the c-suite must be engaged in the process of the digital transformation project in some way or the other. The CEO of the organization must take the lead and guide the company along the right path, leading from the front by example. He/she should choose the direction for the future of the company. The CIOs must decide how the flow of information has to change and who will be responsible for what information. The organization must reinvent their customer engagement strategies to adapt to a more digitally balanced environment.
As a whole, the executive level must also look at security and information ownership challenges that digital transformation may bring about, all of which are subject to radical change as the business model evolves. During the process of digital transformation, organizations often experience a difference in the work culture; from one that is hierarchical to one that is agile and has room for freedom. It is important that during this phase, the Human Resources department is heavily engaged and supportive of the digital transformation process.
Finding the right Approach
Each member of the c-suite plays a significant role in the digital transformation of an organization. Too much change at once is not a feasible approach and is one where the c-suite is likely to lose control of things. Hence, a contained approach to digital transformation is preferred by most organizations. In this way, the company can learn and...
To Know More Visit: 4 Reasons Why Digital Transformation should be a Top Down process
More Posts from Techinfinity and Others
“Radio Power will Revolutionize the World.” Modern Mechanix Publishing Co., Greenwich, Connecticut. July, 1934.
High-end Authentication and Distributed Storage: Advanced Blockchain Trading Platform
#Amazon, the internet retail behemoth with its future throttle innovations and web services, has recently won two blockchain-related patents, solidifying its presence as a potential contender in the blockchain domain. These two patents may change the consumers shopping experience on Amazon, and persuade Amazon shoppers not to buy elsewhere.
>>> https://goo.gl/7ykHSW
The banking industry is booming the implementation of digital technologies, perhaps more than any other sector, to enhance its business processes. And this entanglement of technology and industry continues with the introduction of cognitive technology. Cognitive technology is a new avenue for cost control through cognitive tooling and automation with distinctive optimization possibilities.
Cognitive technology generally relates to systems that use Artificial intelligence and signal processing to imitate logical human potential. These self-learning systems use a range of information, predictive analytics, and natural language processing. Cognitive technology makes banking and financing more productive while also providing an excellent customer experience by assisting in the following ways....Follow above link to know more
Three Major Benefits of Integrating AI and Blockchain | https://www.apacciooutlook.com/news/three-major-benefits-of-integrating-ai-and-blockchain-nwid-5634.html
Transforming Healthcare with Edge Computing
The ever-expanding landscape of connected devices from wheelchairs to wearable health helps in monitoring the daily activities inside the body. This helps the industries to feed the data flexibly and also to analyze this data can help in improving patient care, control costs and deliver exceptional experiences.
Many providers are opting for edge computing to solve problems that occur during processing and storage. Healthcare organizations are adapting edge-to-edge technologies that can integrate smoothly, from connectivity to the cloud to IoT endpoints, in a tech-ecosystem which is adequately secured.
.
.
Keep Reading
For more in HR visit: Human Resource Technology
Trends that will redefine banking
Banking organizations become more comfortable with a faster pace of innovation, using data and analytics more extensively. Digitization drives banks to be more innovative in targeting, expanding services, re-configuring delivery channels, and integrating payments.
Following are some of the trends that define banking today: https://goo.gl/c4eViv
Microsoft pursues botnet herders via Russian newspapers http://☀.co.cc/iQq2e5
Also,
Do Check this out: Greenfield Development: The View from a Renewable Energy Startup
#solarenergy #renewable energy
Solar Energy Could Grow 6,500% by 2050 - Solar and wind power together are projected to provide two-thirds of all electricity in 2050. https://ift.tt/2Px7tFp
Your Daily dose of Latest Technology Updates, news, articles across various Industry Sectors
267 posts