Decoding 3 Biggest Myths of Digital Transformation

You may have heard about Digital Transformation recently being the hottest topic in the business and IT sectors. Digital transformation probably created an industrial revolution. It helps companies, especially SMEs that belong to the same sphere, reach the top of the success ladder. Almost every company today hopes to achieve a streamlined innovation process and generate the profit that digital transformation promises. However, most companies have ambiguity about digital transformation, which is, unfortunately, holding them back to hoist their flag on the peak of success.

In general, SMEs clasp some myths and don’t consider undergoing a digital transformation for their organization. In order to help them differentiate fact and fiction, we encapsulate three myths regarding digital transformation. We hope our small viewpoint will help you decode these misbeliefs and give you a transparent idea regarding digital transformation.

• Digital transformation as a superior technology:

One of the typical yet prime misconceptions that companies have regarding digital transformation is – if the company modernizes its technology, it will develop digital transformation. However, the latest technology is crucial to any successful conversion. But it is still hollow without glancing closely and thoroughly at the overall process & corporate policies in the same place, including the willingness and buy-in of an organization.

Company executives must provide their employees with a transparent vision. Simultaneously, all team members must take personal yet individual responsibilities and change their mindset from the bottom up, too. Remember, technology is the enabler, not the objective. So, any change at this level should be cultural; rather than technological.

The real cultural change occurs when the entire organization considers carrying new ideas and be responsible for bearing transformative efforts. Most importantly, technology doesn’t become irrelevant or peripheral due to cultural change, obviously.

• Digital transformation is only essential for the latest tech & software companies:

Maybe you think digital transformation only belongs to modern tech and software companies? If so, we would like you to think twice. Your venture doesn’t have to be a fierce startup or Silicon Valley Behemoth to embrace digital transformation. Besides, you don’t have to invest infinite dollars in apprehending your transformation goals.

For instance, Sun Communities, a small real estate investment trust, whose SAP software helped on its digital transformation journey.

The company wanted to automate technological means and execute new rewards and recognition programs. Being an avid user of SAP Success Factors solutions, the company visited SAP App Center. Thereby, the center filtered down to a solution named JobPts, which is an employee recognition and appreciation software. Later, the Sun Communities company purchased, deployed, and customized the JobPts software.

Hence, they were able to show the recognition and appreciation that employees deserve. Ultimately, they succeeded in enriching the company culture and providing an extraordinary employee experience. However, the company received massive positive feedback from employees and developed employee engagement by 150% as well.

• You have enough time for digital transformation:

It is no longer a secret anymore that the velocity of technical transformation is increasing rapidly. Meaning, the start of your digital transformation will get dense down the road over time. While you run your company on neutral ground, on the other hand, your competitor might accelerate its company transformation. As time is passing by, digital transformation will only get harder to implement and more expensive as well. So, the outcome is obvious, global companies across all industries don’t have enough time to wait for digital transformation anymore.

It’s high time you understand the importance and significance of digital transformation for your venture and spring your journey.

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