Most digital transformations don’t yield the benefits that enterprises expect.
53% of enterprises fail to provide any business value whatsoever from their digital transformation efforts, says an Everest Group report. The number looks horrific. So, what’s the reasoning behind this failure?
There could be many causes of under delivering expected value in digital transformation, however planning with purpose to ensure the right people, processes, and communications are in place to make an enterprise digital transformation journey successful is the most crucial one.
It’s surprising to note that adhering to a well-defined set of transformation practices lifts the likelihood of exceeding profit expectations to more than 50 percent – about five times better than transformations that involve none of these practices, says a McKinsey report.
So, let’s find out the key ingredients to digital engineering success.
Define Digital Engineering for your Enterprise
89% of companies plan to adopt a digital-first strategy, but only 44% of them have actually done it, according to a report by IDG. And in case your business is among the 56% stuck on the planning (or pre-planning) phase. Don’t worry, you’re not alone.
First, understand what “digital engineering” means for your business. A common mistake is to equate digitization to buying the right software and expect instant increase in productivity. But digital engineering is about integrating these softwares to systems and redefining how teams work together.
Keeping up with new gadgets and software is only a part of an organization’s digital engineering goal. Which starts with auditing and evaluating workflows across multiple departments, integrating new technologies in ways that they can deliver more value to customers and stakeholders. Here are some other key ingredients to help an enterprise keep on the right path to a successful digital shift.
Plan the Path: No matter how big or small the scale of your business, digital engineering initially will have many uncertainties. Be prepared for these challenges before you start rolling out a plan.
Create a learning culture: Nurture your organization’s workforce to learn and grow by keeping them engaged and committed to company’s goals. 90% of employees needed to upgrade their skills annually, says a report by MIT Sloan.
Go slow: The tip is to test small shifts in business processes and proceed cautiously to identify if the change is delivering the results or not.
Deploying Technologies That Ensure Success
- Big Data/Analytics, mobile technologies, private cloud/public cloud/APIs and Business process automation are considered as the top five technologies to be chosen and deployed by the enterprises.
- 62% say delivering an excellent customer experience lays the groundwork for a digital-first business.
The C-level suite from most organizations is already betting on the usage of different technologies and the volume of change these technologies can bring depending on their goals, customers, market standing, capabilities and competitive environment.
Pick a Partner Who’s Experienced in Delivering Digital Engineering
Once you’ve brought together your core team of system experts, next it’s time to locate the right partner. What should you be looking for? Here are some key parameters:
Expertise: It goes without saying that you’ll need the right combination of skills and experience to manage both of your legacy and modern IT infrastructures. Start by filling out the roles that are lacking such as enterprise architects, software engineers, and analysts. The right technology partner can help fill in the skill gaps.
Success: If you want to see proof of their previous successes, ask to see demos and case studies of similar systems, projects, or industries. Building confidence and trust in your partner is important before you take the digital journey together.
Capabilities: Make sure that your technology partner is well-versed with enterprise systems. It’s imperative that they know the best practices for how to work with and update the enterprise systems, while performing digital engineering to parallelly leverage modern technologies.
Infrastructure & Communication: Communication is key, someone rightly said. Many IT projects fail because of improper communication and lack of understanding between internal and external teams. Your technology partner being equipped with secure communication devices and agile reporting capabilities are crucial.
The right partner will help you see transparently throughout the project. Not only that, but it will also allow both the leadership and the internal IT and development teams to see the success of digital engineering efforts in real-time.
Evoke Technologies as your Digital Engineering Partner
Evoke Technologies can support your organization across the digital lifecycle — from defining a solid digital engineering foundation to securely building your online and mobile presence — using agile methods that move swiftly from concept to reality. Leverage our cloud, mobile, web and analytics talent to increase the impact of digitization for your customers, employees, and stakeholders.
|Balraj Bilkhoo Kaur comes with over 8 years of experience as a writer and has worked with companies across domains, including Finance, IT, Insurance, E-commerce, Design development. She is experienced in writing compelling and appropriate content for web pages, blogs, different marketing collaterals, and social media channels as well. In her spare time, she is an avid long-form reader and lover of all rom-com podcasts.