Many entrepreneurs are embracing digital transformation to dramatically reshape their business models, organizational activities, processes, and competencies. These industry leaders are pushing large-scale change efforts to keep them ahead of their competitors.
In McKinsey’s recent Global Survey, it was noted that 8 out of 10 enterprises have taken up digitalization in the past five years in at least one of their business processes.
But the problem with transforming your business digitally is that the entrepreneurs cannot correctly recognize their business area of change, hence the success rate gets even lower.
Mckinsey’s other research found out that there are factors that can significantly improve the chances of transformation succeeding for any business type. These factors fall in 5 categories -
- Hiring the right, digital-savvy leaders - Adding new leaders familiar with digital technologies is one of the keys to transformation success. When the senior leaders are involved in the transformational digital roles, a successful change is likely to happen as these key people are dedicated full-time to change effort.
- Driving opportunities for the workforce of the future - Working on building talent and skills throughout the organization is important for digital transformation. The talent and skill building can be done in three ways - defining individual roles and responsibilities to align with the goal of transformation, engaging the specific roles of integrators, and involving technology-innovation managers.
- Encouraging people to work and adopt new ways - Cultural and behavioral changes are two important factors for digital transformation. To initiate these changes reinforcing new behaviors and ways of working are two approaches that are more likely to report success.
- Upgrading digital tools regularly - Modifying the standard procedures and upgrading day-to-day tools double the likelihood of a transformation’s success, as digital tools and procedures are the prime support to the new and evolving technologies.
- Establishing communication channels via traditional and digital methods - Clear communication is critical for digital transformation as it explains every employee at every level where the organization is headed, why changes are required, and what are the prime goals.
Additionally, the adoption of technologies plays a crucial role across the digital transformation. Entrepreneurs who deploy more technologies in their business processes or operational models than others have more success in their transformation. This might seem contrary, given that a broader suite of technologies result in more complex execution and opportunities might fail. But, entrepreneurs that use multiple technologies have successful digital products, as they use more sophisticated technologies for their processes, such as - IoT, AI, and advanced neural ML techniques.
The winning formula
The winning formula doesn't simply include deploying these technologies, but also the enterprises should make the technology supported changes for a more resilient digital transformation. Moreover, a top mobile app development company USA needs to hire radically different skills and capabilities to help determine digital needs and opportunities. Businesses need to develop an agile operating model to support the digital changes and get more creative in terms of platforms to enable new and quicker ways of working.
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Developing mobile apps is a new way of branding.
Mobile apps are becoming an extension of a brand in any business.
Its is a way a company can build value for itself, as they could enter the personal space of its users through mobile devices.
But the fact of the matter why most of the business owners have a second thought about developing an app is its costing.
The other factor which restricts them is the lack of technological knowledge for implementing their app ideas.
But the good news is your desired app can be developed with a minimal budget, the only thing needed is a thoughtful process to implement it.
IPHS Technologies is a top-level mobile app development company offers affordable mobile app development services for start-ups by our top level tech teamMobile App Development For Startups USA
This is the right place that can answer all your queries.The recent COVID-19 pandemic has made many businesses realize IT is their lifeline.
It has made them see the positive effects of automation and using technology routinely.
Many business owners look to invest in various technologies to improve their existing operations, stay competitive, and be successful.Mobile applications technology has also been changing with time.
It makes doing business much easier.
It connects people with businesses around the globe, 24*7.
Almost all of us rely on a smartphone for the smallest of tasks.
