Nowadays, a significant number of organizations are investing their efforts and resources undergoing data-driven digital transformations programs that include a wide range of activities which go from implementing new systems across their landscape to trying new ways of working and innovating. Transformation programs open new opportunities for improving customer experience and generating revenue growth by harnessing the power of new data insights.
Nevertheless, embracing such journey poses significant organizational challenges where there are no plug and play solutions guaranteeing success. The journey’s success will rather depend on a correct orchestration and implementation of a centralized transformation strategy, fast and accurate data-driven insights generation and a cohesive set of business-oriented solutions based on the right tech stack that enables idea generation at consistent pace.
What are the most common challenges Leaders should address?
1. Misinterpreted transformation strategy and alignment. It’s crucial that Leadership and key stakeholders own and drive strategy efforts by personally allocating time for understanding the benefits of leveraging a data-driven approach, maintaining a clear transformation vision and actively support on removing impediments. Those responsibilities cannot be delegated and there is no substitute for it.
2. Mindset Shift. Transformation initiatives challenge the status quo. It’s not only about providing support to implementing changes but also to those affected by those. Adequate change management strategies should be put in place in order to build capabilities, reskill, train, mentor, reorganize individuals as well as reshaping the culture across different organizational layers to accept and thrive in an data-driven digital transformation.
3. Lack of short-term visible results. Execution velocity is important not just because of change urgency but also to build proper momentum and confidence among individuals. Blending iterative transformation executions with a consistent level of innovation velocity decrease dramatically the risk of failure and increase trust. Splitting the portfolio into various initiatives will increase the success rate and reduce overhead by enabling the organization to start with projects which are subject to fast-pace iterations with short time-to-value.
4. Insufficient insights to navigate through change. Decisions are only as good as the way the organization baselines data structures and how those structures are used to populate artifacts which ultimately support decision making.
A comprehensive strategy fueling information management systems landscape coupled with right data governance facilitate key elements that enable Data Democratization and that should be properly orchestrated in order to provide timely, accurate, digestible and relevant data across the organization. Executed in the right way and supported by timely insights, successful data-driven digital transformations enable executives and key stakeholders to make accurate decisions driven by market needs and current trends.
How can we overcome those challenges?
Let’s start planning for success by:
- Defining objectives clearly, making them easy to measure and committing to them.
- Finding early champions of the mentality of doing more with less and supporters of data as a powerful weapon for driving change. Build momentum around those people
- Centralizing efforts in terms of strategy, goals and communication and building proper artifacts to disseminate them across the organization.
- Developing tailor-made development programs focused on building cross functional teams, setting up effective agile leaders and adopting new ways of working.
- Integrating digital capabilities into the very fiber of the enterprise. Aim for establishing a pace where you can ensure that you can turn raw data into real, actionable insights which can be consumed across different business areas.
Only those Organizations that would able to collect accurate and well-grounded data, mine and parse it to generate insights and turn those insights into business outcomes will ultimately thrive.
For all those organizations interested on leveraging the power of data-driven Digital Transformations, RAI created a Virtual Agile Center of Excellence (vACE) [alternatively: CAVE – Center of Agile and Virtual Excellence], a transformation unit specialized on supporting organizations diving through the specifics of data-driven digital transformations.
Formed by cross-skilled individuals, we work with different members of the organization in order to successfully thrive on changes. Covering end-to-end your transformation journey program, we actively support leadership on building awareness and getting commitment, we make sure key stakeholders are equipped with all needed tools to plan a successful transformation and we help the organization on building a cohesive data governance strategy and set up proper tools to get the best out of your data.
It’s never too late to involve Our team on your program activities:
If you would like to set up a transformation program from scratch, We facilitate Design Sprints and support you baselining the change strategy and accompany you organization throughout the journey by finding the right balance into technology, processes and people.
If you already made your first steps and would like to give your program a boost, we jump right in with your team and equip them with all needed tools to improve results ,
and If you’re already on your journey and want to strengthen organization transformation element and empower teams down to the ground, then you can leverage our Intelligent Assistant CoE to become 1-stop shop for your teams enabling access to knowledge when people need it through channels they’re used to.
Would you like to know more? Contact us!