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By 2023, business-outcome-based contracting will rebound, exceeding pre-COVID-19 levels driven by the need to support digital transformation mandates.
Innovation for digital transformation requires a clear mindset for culture change, implementation strategy, digital accelerator and value generation. To bring tangible results, enterprises must remain focused on their competitive edge. In addition, transformation efforts must build value for the organization.
The top four focus areas enterprises need an emphasis on for accelerated IT business initiatives are
Most modernization initiatives start with revamping the operating model. However, every strategic digital shift affects business functions and activates team operational associations. Hence, the businesses must track change, volatility, resource allocation, investment matrix, and time to implement the change factors.
Checklists before shifting to digital: –
Changing the operating models expands the digital revenue streams at scale and improves operational excellence.
Key areas driving the transformation while optimizing existing business functions are:
Some additional drivers are:
Robust Digital Business Strategy: Creating digital business strategy by keeping digital ambition in mind and setting directions for digital transformations
Future-Proof Information & Technology Models: Designing an in-house I&T team to match the defined transformation goals and building a digital accelerator
Empowering Organizations Culture: Adapting to the collaborative and customer-centric mindset by empowering micromanagement with the organization’s internal teams
Shared Technology Platforms: Establishing a shared technology platform for collaboration and knowledge upgradation
Digital business needs agile IT personnel with a change mindset. The idea is to find the right skillset with versatile capability and various technical skills. Most companies use modern technologies to deliver the best customer experiences to reduce costs, increase quality and collaboration, and create value. The agile-led operating model merges digital technologies and operations capabilities in an integrated, well-defined way to enhance ROI, customer experience, and cost.
Enterprises planning for a change implementation strategy must find the required change areas to solve the challenges realizing the hurdles. Moreover, when you truly understand the change required and tailor the organization's structures, you can dive into the right strategy and success.
The business teams and the customers will likely play a prominent role in making technology decisions. They must work closely to enable employees to shift responsibilities for the desired results quickly. CIOS must take responsibility for mentoring and supporting to feel more comfortable making critical business decisions on greater ownership for digital initiative results. It is also crucial to map the roadmap in different technology activities, plan those activities, and mentor the responsibilities which could change over shortly by working towards joint accountability of the results.
Digital business transformation significantly requires more effort, and it is challenging for organizations of all sizes to achieve their goals on their own. Therefore, choosing the appropriate technology provider like Sun Technologies is crucial, who can understand your goals and simplify the transformation process.
Digital transformation not only involves the adoption or implementation of modern technology. But you are bringing all your teams together for more efficient conversion. So while shifting to the cloud or embracing other new technologies may be suitable for your enterprise, the actual change rewards your organization.
Organizations need to enable their core IT systems with the necessary tools and consider introducing interaction and project management tools to enhance communication between the internal teams and the vendors. It is also a good practice to build an ecosystem by levering the Internet of Things (IoT) which will add value by communicating with machines, infrastructure, or devices to create new value for customers.
Sun Technologies help you drive and accelerate your digital business transformation by
Strategically evaluating the business opportunities and setting the projection for the digital ambition
Identifying the challenges and recreating the enterprise value proposition productively
Analyzing and addressing the dependencies caused by the value proposition
Spotting and documenting the change components that required for digital acceleration
Sun Technologies’ digital transformation solutions incorporating agile, intelligent automation, adaptive, and accuracy bring massive success. Our digital strategy and roadmap enable the critical components for digitization, which in turn helps our customers to address all the requirements and challenges in efficiency enhancement.
Get in touch with us today!