Digital Transformation Strategy: Why Some Businesses Fail

2 April 2019

www.gatewaydigital.eu

Digital transformation has become the talk of the town and has reshaped a lot of industries. Many companies are aggressively implementing digital transformation strategies to capture their benefits at most. In the recent few years, the technological ecosystem has undergone lots of changes. With the evolution of the latest technologies at a rapid pace, every company or business has the requirement to embrace its digital transformation services.

What Does Digital Transformation Involve?

According to experts, digital transformation involves adding varying layers pertaining to the adoption of the latest technologies and change management. It is not an easy task. Until now, large number of companies are focusing on increasing the pace of adopting digital transformation. These involve a range of technology from virtual augmentation, artificial intelligence, IoT, machine learning, cloud computation and mobility to setup disruptive products reinvent business models.

However, with the aim to obtain the required digital transformation goals, modern enterprises irrespective of their offered products/services and size have to look ahead to adopt effective digital strategies and transform their business functions. Experts involved in the delivery of digital transformation services have highlighted the following challenges often faced by modern enterprises while they step ahead towards digital transformation. Take a look at some of them given below: Outdated Procedures Gone are the days when companies/businesses followed stringent work policies and accomplished their tasks manually. Most of the global businesses today have connections with one another in the digital sector. This creates many challenges for them to follow any traditional process and perform their functions in the form of silos.

With the aim to embrace digital transformation solutions, a large number of organizations worldwide have stepped ahead adopting key Agile working principles and setting up latest workplace models to meet the requirements of their employees to adopt modern work methods.

Traditional Work Culture A major challenge associated with the adoption of digital transformation is that company culture has to adopt the same technology. Digital transformation, in this case, should essentially be rooted deeply to be the part of core values possessed by any company.

As traditional cultures are often slow to adopt any change they would require lot of efforts to implement the new wave. Taking consultation from digital transformation experts can overcome the challenge and provide the right direction to the organization.

Legacy Infrastructure of a Company For a long time, IT department/service has played a supportive role, because of which most of the companies hesitate to update their existing infrastructure based on new IT concepts and devices.

Furthermore, maintenance related to IT infrastructure requires or exceeds about 55% of the complete IT budget. Since a majority of the existing IT infrastructure sets up from the beginning, a large number of companies remain under-equipped to deal with innovative technologies and their emergence.

Apart from this, the introduction of mobile, social, cloud computation and analytics has created further difficulties for business organizations to deal with the existing legacy systems. Established before many years. Hence, the most important step associated with overcoming the mentioned challenge is to make the investment to upgrade the business/company infrastructure with the aim to make the system competent enough to manage or adopt changes required to come with effective digital transformation.

Considering the complexity associated with digital transformation in our mind, it has become essential to set up a strong foundation or a technological ecosystem drive key changes in an effective way as possible.

The Time is now!

If you are planning to start your journey of digital transformation, the time is now! Gateway Digital – your new age technology partner can help you transform your business digitally with the help of innovative digital transformation services and solutions. For more information, visit https://gatewaydigital.eu/or write to us at hello@gatewaydigital.eu.

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Digital Transformation Strategy: Why Some Businesses Fail

WWW.GATEWAYDIGITAL.EU

Enterprise Solutions for Digital Transformation

Gateway Digital Europe Maria Montessorilaan 5, 2719 DB Zoetermeer, The Netherlands Phone : +31 0 792 3200/980 E-mail : hello@gatewaydigital.eu

www.gatewaydigital.eu

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Digital Transformation Strategy: Why Some Businesses Fail

WWW.GATEWAYDIGITAL.EU