Disruptive technologies create their trends, challenges and opportunities. At the end of the program, you will have access to the most up-to-date information on the latest trends in digital business transformation and discover the critical digital skills you need to design a customer-centric journey.
IMD is at the forefront of digital transformation, founding its Center for Digital Business Transformation with Cisco. Leading Digital Business Transformation brings the best business insights for the digital age by leveraging the expertise of the world’s leading digital business leaders and experts in this field. These Silicon Valley visionaries will give you an insight into how to make digital an integral part of your strategy and what you should invest in to get a good return on your investment in digital transformation.
Digital transformation is the integration of digital technology into all areas of your business and fundamentally changes the way you work and deliver value to your customers.
This is also a cultural shift that requires organizations to constantly challenge the status quo and put up with failures. Using a combination of business models, business strategy and business development strategies, the authors show how digital transformation can be successful and does not pose an existential threat. The message comes from a variety of sources, all of which have to do with how businesses can remain competitive and relevant in an increasingly digital world.
Digital transformation is not only an organizational change that requires harnessing the power of technology, but also a change in corporate culture.
This requires redefining not only the business model, but also the culture of the organization itself. By changing corporate culture to be more agile, risk-taking, and experimental, companies can compete with digital transformations. Digital disruption responds to the need to focus on the people and processes within an organization, not on technology.
The best companies in the industry recognize that digital requires a change in corporate culture, not only in the business model, but also in the culture of innovation. By embedding agile development and collaboration and driving company-wide change, you can change not only your business models, but also your culture. You can make a successful transition to a technology company by fostering an innovation culture and shifting your company’s values toward customer focus.
By 2020, 60% of CIOs will implement IT business models and cultures that shift the focus from IT projects to digitally oriented products. To achieve this – that is, to accelerate the digital transformation – companies need to master the market’s information flow and analysis models. The world’s most successful companies know that in order to achieve mastery, they need modern digital platforms supported by an experimental culture.
These platforms consist of layers of software that collect and synthesize large amounts of data, making them accessible to a wide range of users. Managers of these companies use digital technologies to cultivate values and behaviors associated with digitally based business processes and models that require information integrity, transparency, trust, and exchange. The third challenge is the cascade of information – a culture of togetherness – that creates value and innovation.
Digitalization is about transforming a company’s knowledge and information culture as well as the use of new digital technologies.
The fourth challenge is to prioritize emerging businesses that use digital tools and technologies, while trying to optimize the areas challenged by change. The key to success lies in the need to engage employees, customers, partners, suppliers and other stakeholders in order to make the digital transformation process more efficient and effective for the company.
The first key is the introduction of digital tools that facilitate the organization’s access to information, thereby more than doubling the likelihood of a successful transformation. The second is the need to implement digital self-serve technologies used by employees, business partners and groups. Transformation successes are twice as likely when an organization does so, and the third key, which focuses on technology within the organization, is that organizations change standard operations to incorporate new technologies.
With the availability of exciting new digital technologies, companies are forced to think about how these innovations affect the way they do business and how their business works. A good digital transformation strategy is much more than simply adopting the latest technology. If a company goes in the wrong direction, it can end up wasting valuable time and resources on initiatives that do not contribute to business success. Digital business transformation strategies help you assess your current IT department and identify the changes that need to be made to compete effectively in the future.
TechniMove wants to take advantage of the modern technological landscape to simplify the complicated process of digital transformation. Digital transformation involves the implementation of technologies to modify important processes, processes and services in order to better meet changing market requirements.
In return, we can guide our customers to use this step-by-step process for success. Today’s digitally transformed businesses can access our services and on-call advice to ensure they are ready for the next step of their digital transformation journey. In addition, the company offers a wide range of consulting services such as consulting, training and technical support.