Trends to Watch out in Digital Transformation

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Trends to watch out

Eric Kimberling once said, “Digital Transformation really doesn’t have a lot to do with the digital part of the term but a lot more to do with the latter part, transformation.”

Today, digital transformation is often equated to business transformation, rightly given the circumstances.

At the beginning of the COVID-19 pandemic, even organizations that had not followed these footsteps, have immediately resorted to it after realizing the probable business-specific consequences. This adoption was focused on multiple arenas like organizational change, data, technology, and process.

That’s why, when we think about digital transformation, it’s not just the digital part alone but also the organization as a whole. The major challenge that organizations face with digital transformation is in terms of inexperience.

Consider a situation wherein a new technology is implemented for payroll management. People in the initial phase are always apprehensive about trying out new things, and during such a phase, if the organization does not provide adequate training on the same, the employees can develop an aversion towards it.

Employees form the basic unit that builds an organization and majorly contributes to its growth. However, if employee needs go unaddressed, this very base can crumble and ultimately lead to dire consequences. Hence, investing in people and increasing adoption through training and education is the next most important step to focus on after implementing technology as part of digital transformation.

With several companies already on their digital transformation journey, they have begun trying out various strategies to help familiarize employees with technology adoption. Now, what does the future of digital transformation look like? Here are the four predictions pertaining to digital transformation that you might be interested to know.

1. The rule of work from home:

While one segment is frustrated at the thought of being unable to step outside, on the other hand, a considerable segment has gotten accustomed to the concept of working from home – which was seldom an option in select countries and industries, much to their liking.

But it’s not just about preference anymore; both organizations and employees have come to realize that work goes on, regardless of where you do it. Several industry analysts have predicted that this trend will continue, even after the pandemic has subsided.

2. Growing demand for cybersecurity:

Remote working conditions have laid an increasing emphasis on the importance of cybersecurity. Company networks are now more susceptible to cyber-attacks. In turn, organizations are on the lookout for more robust security options, and this is where confidential computing has come into play and will only continue to increase in the future.

3. The need to revamp business strategies and models:

The pandemic has stress-tested organizations and made them understand the importance of resilience. To achieve business resilience, org-leaders have been forced to rethink business strategies and operating models. Conventional methods are not to be forgotten, but with changing times, it is necessary to keep pace with the newly transformed business exigencies and align strategies accordingly.

However, while doing so, if relevant, be sure to draw up an analysis chart of what worked in the previous model, how the newly built model can bridge gaps, and if that doesn’t help, building up of new strategies and models from scratch is the way to go.

4. Continuous innovation:

The global pandemic has made it clear that nothing is permanent, and everything can change with the snap of fingers (Thanos would be proud!). This applies to digital transformation as well –  technology innovations will arise continuously in a short span of time, and people and organizations alike will need to keep up with that pace in order to move forward. There will be high advances in blockchain, artificial intelligence, and predictive analytics for conducting business more efficiently.

Now, unless you are Marty McFly from Back to the Future, we don’t think you would have any agenda staying stuck in the past while everybody moves ahead. Allow us to be the DeLorean Time Machine and help you keep up with the times.

Get in touch with us at irene.jones@neeyamo.com and we will demonstrate how your organization can undergo a nimble digital transformation for the future ahead.

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