Digital Transformation Challenges

How does digital transformation work?

Digital transformation can be defined as the use of digital technologies to develop new business models. The goal is frequently to alleviate company pain points, boost productivity, and provide a more individualised client experience.

The foundation of digital transformation is the idea that all facets of an organisation may benefit from digital tools like ERP solutions. In other words, these technologies can aid businesses in enhancing their systems and corporate cultures so they can continue to be competitive and relevant.

The digital business transformation of many businesses is essential for their long-term survival in a cutthroat industry. Companies are becoming more networked and data-rich over time.

A lack of devoted IT expertise

Every effective digital transformation has a committed, expert IT team at its core. Building this team, though, is becoming more difficult. A labour shortage is growing as more businesses invest in cutting-edge technologies. One recent poll found that 54% of organisations said that a lack of available skills was preventing them from achieving their transformational goals.

A failure to manage organisational change

Success with the digital transition might be hampered by out-of-date organisational structures, ineffective workflows, and restrictive leadership philosophies. When businesses struggled to quickly transition to a remote company model in 2020, this became more obvious than ever. Transforming an organisation can seem insurmountable when change resistance is added to the difficulty of learning new techniques alone.

Changing Client Needs

People have just become aware of just how much they can accomplish with their smartphone and laptop. Customers are therefore more discriminating and demanding than ever. Resources like touchless checkout alternatives are now necessities rather than nice-to-haves. They are evolving into expectations. We advise doing market research rather than assuming you already know the technology your clients want you to offer.

The Absence of a Clear Strategy

A buzzword, digital transformation is much more than that. But it's frequently used without a precise definition. As a result, businesses move on in uncertain circumstances, knowing that they must move forward even when they are unsure of their exact destination. Your transformation could not succeed if you don't have a plan in place from the beginning. So, ask yourself: What are the priorities and goals of my company? Are they uniform throughout the company, or are some stakeholders on entirely different wavelengths?

Budget worries and restrictions

Another problem that develops when you lack a clear approach is having trouble creating or maintaining a budget. Responding to requests for customisation and changing consumer needs can easily result in scope creep. Without a plan in place, you'll inevitably make choices that increase your budget and timeline yet offer little to no advantage. We advise taking a close look at your transformation's long-term objectives and using these benchmarks to create a reasonable project plan.

Unproductive business procedures

Do your current business procedures adequately reflect the expected development of your organisation? Can you achieve your long-term corporate objectives with the support of your present roadmap? If not, you could have to modify workflows, alter business regulations, and use data in ways other than those you had originally planned when you put your legacy systems in place. This frequently takes the shape of reengineering business processes.

Iconic Bizz

We'll Help you to Grow Your Business

Conclusion

The aforementioned difficulties with digital transformation may seem overwhelming, but they don't have to spell the end of your project. The objective is to learn how to anticipate, recognise, and resolve these problems.

The ERP consultants at ICONIC BIZZ can assist you in creating a compelling business case that will enable you to secure the executive backing required for a successful ERP decision and implementation.

For more details please contact Iconic Bizz, we can help you with the ERP implementations.