Technology is moving at great strides, and to succeed, firms must understand how and why o merge technology with strategy. It is more than just a trending term, Digital transformation provides exploits the opportunity to disrupt core business functions, such as finance and HR, to move away from manual processes and automate key areas like payroll, enabling leaders to focus on wider business opportunities. It also takes the necessary next step towards creating business opportunities in areas less thought of to be lucrative, or a solution to others' problems.
Where some businesses get it wrong is, they believe that digital transformations; if it should take place should ripple instantaneously across all departments. While this could be true for certain industries as well as certain organizations, it is expedient to understand that the different types of digital transformation can be used in several parts of your business, it majorly depends on the strategy and implementation.
Many rush into the digital transformation process without understanding this; transformation without design thinking is no transformation at all. You have only succeeded in moving a broken system to the digital world without asking the right questions and implementing the right changes.
This rings through, as many firms only take up Digital transformation as a result of being prompted by a competitor who has done the same, and has seen some yield. Without taking into consideration that every firm/industry should have a different implementation of Digital Transformation.