The last decade has unleashed a new wave of business transformation powered by digital technologies that foster innovation in software engineering and development. Enterprises are proactively investing in advanced technologies and strategic models to innovate their business value proposition, brand vision and mission, process and system capabilities, and core offerings. Technology transformation is no longer a choice but a critical success imperative to ensure longevity and sustainability and to accelerate the next big leap in the global marketplace. However, digital transformation is a complex, multi-layered organizational change matrix and the real challenges present themselves only when the rubber meets the road.
Enterprise-wide digital transformation is fraught with multiple challenges
According to McKinsey, 70% of digital transformation initiatives fail to reach the desired goals1. This is an alarming statistic especially considering the massive global hoopla surrounding transformation among enterprises – size and revenue notwithstanding. The primary challenges lie in the scaling of digital innovations after a near successful execution of the pilot initiative. Let us dissect some of the top reasons why digital transformation often plants a hard blow on strategy and execution.
- Cultural chaos – At the fundamental level, a cultural disconnect is the primary reason why digitalization fails to deliver. CIOs and key decision makers aren’t fully prepared to handle massive technological changes within the organization. Rapid digitalization fails due to the absence of an enterprise-wide strategy and cultural change required to sustain the transformation.
- Technology temptation – In most cases, it is just a mad rush to adopt “every trending technology” in the market without a clear focus on how these technology investments will maximize customer value proposition. Organizations struggle to devise a strategic technology roadmap that can align business requirements with technology procurement.
- Skills shortage – There is a grave shortage of skilled talent that can successfully take digital transformation to fruition. Most organizations feel the lack of resources with strong digital skillsets leads to irrational execution of their business transformation initiatives. In some cases, the challenges are as basic as identifying what skills are required to drive workforce transformation in the digital world.
It’s time to adapt to the change. Or perish.
Digital Darwinism has caught the IT industry by surprise, with technology evolution speeding way faster than businesses can catch up. Conventional paradigms aren’t going to hold up here – it’s time to create a new ecosystem with focused technology leadership, innovative building blocks, and a steadfast digital maturity to realize your long-standing digital vision. Here, it is necessary to outline the different stages of digital transformation and identify which stage your organization is currently at.
The legend of the adaptive enterprise
Accelerated innovation has been rampant in the software engineering services space in the last few years and the need of the hour is a focused, adaptive approach to technology implementation. This will help you fast-track transformation by fueling innovation, reducing costs, and increasing efficiencies – thereby driving enhanced agility and speed. To fully realize maximum value from multiple technology investments, it is important to augment your engineering capabilities and acquire the necessary expertise in advanced software platforms and technologies. A laser focus on innovation in digital engineering services with a structured integration of newer technology stacks into the conventional development lifecycle will help you address critical growth challenges.
Then again, being adaptive extends beyond routine implementation of advanced and emerging technologies. This initiative needs to be clearly mapped with pre-defined customer success and business process KPIs for a good ROI assessment. At the holistic level, transformation necessitates a strategic understanding of disruptive technologies, solutioning legacy integration complexities, and leading organizational change. This is where a trusted digital transformation partner with the relevant software engineering expertise will play a crucial role in reimagining your organization’s swift transition to the digital universe.
Emtec Digital’s innovative approach guarantees sustainable business transformation
At Emtec Digital, we help clients navigate their digital transformation journey by starting from the ground-up – understanding and reviewing fundamental business objectives being the first step.
Our expandable technology agnostic approach to digital transformation prioritizes enterprise data and user experience, allowing clients to seamlessly build, scale, and rollback applications at the desired pace of growth.
With extensive technology expertise and an expansive set of digital offerings, we help clients improve operational agility, boost innovation, and quickly meet evolving business needs.
Our modular and scalable software engineering services foster technology leadership and enable clients to successfully traverse the ever-evolving and competitive digital landscape by –
- Modifying the economics of key global markets
- Creating newer approaches to unlock superior value to customers
- Engineering a whole new wave of disruptive innovation with sustained growth
Visit us at https://www.emtec.digital/adaptive-digital-transformation/ to know more.
Reference
1https://www.mckinsey.com/business-functions/transformation/our-insights/why-do-most-transformations-fail-a-conversation-with-harry-robinson