No matter what size company you are, organizations do not want to take on implementation projects. Even when considering the critical benefits of implementing a functional IT platform, the project management aspect can be undesirable. With a series of coordinated milestones to be met, a budget to be followed, and a timeline not to be overlooked, partnering with a Managed Services Provider has proven to be both a valuable and strategic move.
It's common these days that the end goal revolves around digital transformation promising optimized operations and business model innovation. Whether inhouse or outsourced, there are primary factors to consider when integrating digital transformation. After determining a timeline, budget, and toolset required, there are specific steps that should not be overlooked.
Let’s examine some of the steps involved in a successful implementation project.
Your business goals
To devise a successful strategy, the right place to start is by identifying a clear sense of business needs, values, and strategic long-term and short-term goals. This puts your enterprise’s digital transformation in an entirely new and efficient position rather than trailing the latest technologies. In addition, it can trigger a discussion at the C-suite level that can speed up the cultural shift that should go hand-in-hand.
Digital transformation is not a one-time project or initiative; it can strategically position your company for the future. Therefore, building up the processes from your business values and priorities solidifies its foundation.
A strategic design
Digital transformation takes time, and you’re not going to change everything overnight. After a thorough analysis of your current environment, and before embarking on the implementation project, look out for quantifiability and advanced time-to-value of the project. For any company, the first initiative is critical to bring value and ensure the strategy’s long-term success.
Implementing the right technology
It’s been proven that legacy technologies with new operations only lead to costly and failed processes. A successful integration starts with a business strategy unique to you, followed by the right tools.
Technology is imperative to help an organization achieve the desired and planned business outcomes. Some of the fundamental technologies to attain digital transformation include the Internet of Things (loT), cloud solutions, and machine learning (ML) to name a few. Your organization may already have some of these technologies. But some remain the missing pieces preventing your company from realizing real business value. A clear roadmap for implementing technology for initial and future initiatives is an essential building block to its success.
Embracing the transformation
It’s important that every team member is aware and accountable for what needs to be done for the project’s success. Creating a solid feedback loop ensures everyone learns and benefits as your digital transformation strategy unfolds. Agility is one of the hallmarks of an enterprise undergoing a digital transformation that ultimately paves the path to success.
When your company begins to reap benefits from your digital transformation strategy, leverage this success to accelerate the momentum and gather feedback to implement follow-up steps and long-term strategy successfully.
Digital transformation looks different at every business; your strategy is a significant personalized roadmap for business success. Contact us to learn more about Lloyd’s approach towards providing digital transformation to add maximum value with minimum interruption.