Digital Transformation is, for so many businesses and industries, no longer just an option; it is a necessity in the fight for survival.
To meet the challenges posed by the latest digital revolution challenge, sometimes a complete reinvention of the business model is required. Further still, it may require a reinvention of the operating model, and in some cases every customer touch-point from business development to delivery must be reconsidered.
By undertaking a successful Digital Transformation programme you are removing waste from your processes, delivering an innovative and competitive advantage creating greater agility, flexibility, visibility and profitability in those organisations that choose to digitise.
We use our transformation model to view Digital Transformation through three lenses:
Technology is constantly progressing and evolving. It is the single largest enabler for your organisation and there is a need to get it right, but by the same token can be the chains around your feet if you don’t get it right. But how do you know what you want or more importantly what you need? There are so many options available it can be overwhelming and daunting. But ignoring the need for digital transformation is not a sensible long-term strategy! Digital Transformation is the process of moving away from error prone and time-consuming manual processes. It frees your organisation from the repetitive and manual tasks, unleashing your potential, allowing your people to do what they do best – working on the tasks and activities that add true value. When it comes to Digital Transformation, 5% is about the technology. The rest is about people. A Digital Strategy will focus on your vision and business strategy to determine how technology can enable it, and will pave the way to realising that vision.
Contact LBS today for a no-obligation conversation about how our programmes can help your organisation to be more efficient, effective, and collaborative.