Succeeding at Digital Transformation in today’s world

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Succeeding at Digital Transformation in todays
world
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Succeeding at Digital Transformation in todays
world
Critical Ingredient in Digital Transformation Digi
tal transformation seems to be at the top of
every firms priority list these days. Firms that
transform with digital technologies gain a
competitive advantage over their industry peers.
Those that dont are falling behind. But amidst
all of the urgency, one of the most fundamental
elements usually gets overlooked or misunderstood
in this process, and thats data. Analytical
processes and models bring many forms of data
together to produce insights and answers for
business. And then why is this part of digital
transformation so difficult and time-consuming?
The answer lies in the difficulty in changing our
habits, both for the enterprise and for the
individual. For enterprises, the long-standing
habits of gathering, hoarding, and protecting
data by function or team make it nearly
impossible to integrate as an enterprise-wide
asset. As individuals, we tend to trust the
intuition and judgement weve developed over our
entire careers. The idea of using data to support
our decisions can be a hard adjustment. Sometimes
the data were presented with run counter to our
intuition, putting us in a quandary, and because
we dont all have Ph.D.s in statistics, the
advanced analytical models can be intimidating,
causing distrust and suspicion. So, two points
to remember First, data and analytics are the
bedrock foundation of any digital transformation.
They need to be looked after early on. Second,
digital transformation is much more about culture
and behavior change than technology.
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Succeeding at Digital Transformation in todays
world
Succeeding in Digital Transformation Digital
transformation is a 1.5 trillion industry as of
2021. And you know what? Approximately 70 of all
digital transformation projects fail. Thats a
horrible percentage in terms of failure. We cant
think of any industry that would be fine with
that. And yet, this is something that we all live
with for two very simple reasons. One, because
understanding what digital transformation entails
is a constant source of consternation. And if
youre not really clear about what youre doing,
youre not necessarily setting yourself up for
success. And then the second thing is the
clarity of how to execute, which is something
thats evolving because digital capabilities and
transformation are relatively new subjects, and
the field is still evolving. Driving clarity on
what digital transformation is and how you
execute it is important. And Ive made my fair
share of mistakes before coming up with a model,
which I call my five-stage model for digital
transformation. 90 of the challenge is
organizational change. And so, you have to bring
in HR organization change methodology, and that
needs to be the holistic execution necessary for
digital transformation. So, what you can do,
given this horrible 70 failure rate, is firstly,
get very, very disciplined about understanding
the latest in how to define digital
transformation and how to execute it.

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Succeeding at Digital Transformation in todays
world

Technology is changing the way business is done. 
Gain insights into the impact of technology and
prepare to move into the future with Digital
Transformation. Cigniti has masterfully
spearheaded enterprise-wide digital
transformations both at the Quality and Control
levels of the project phases. Cigniti is at the
forefront of Digital Transformation towards its
esteemed customers, transforming the way they do
business by leveraging its flagship solution
initiatives like Digital Assurance and
the BlueSwan suite. Need help? Talk to our
Digital Transformation experts to learn more
about succeeding at digital transformation in
todays world. Read Full Blog at
https//www.cigniti.com/blog/succeeding-digital-
transformation
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