The digital transformation is a need of the hour for the companies, nowadays. But it should also be kept in mind that the path for the transformations isn’t at all easy. Instead involves difficult challenges and is very risky.
Whenever the firm proceeds for a transformation project, it makes certain strategy to meet with massive success, at the end of the project. But there are many mistakes that the businesses make in the journey, which leads to failure of the projects and costs heavy on the pockets for the companies.
So, before jumping on to any project of such kind, it is recommended for the businesses to understand the mistakes made by other firms in the market, to avoid all the pitfalls, and hence succeeding and reaching the sky limits.
This article lists 4 common digital transformation pitfalls to avoid by the businesses.
- Lack of Skill Sets
Enterprises that plan to deploy digital transformation in their businesses often find them in a position where they do not have a workforce and a team of expert employees, having relative skills for the transformation.
The first step after a company heads up towards digital transformation is to analyze the presence of experts in the company, who could be united to work together upon the projects. And if the company lacks the expertise, it should go for recruitment of newer employees, or upskilling of the existing workforce, and thereafter asking them to form a team and make concrete proceeding on the projects.
- Devoid of Mentorship
Finding out the skilled employees, turning towards recruitment, or performing necessary upskilling, and building a team for the project is not sufficient.
However skilled the team may be, there exist areas demanding an expert and experienced guide. To provide necessary guidance for the process, there has to be a mentor who can utilize his market experience for settling all the problems coming in the way of finishing the project.
- Alone on the Road
Well said it is that ‘a bunch of sticks can endure much larger stresses than an alone one”.
The quote proves its truth value in this scenario as well.
The companies should never think of walking alone on the challenging path of digital transformation.
The transformation projects demand a well-planned strategical approach, with different areas being worked upon and looked by different members from a well-built team.
Put in other words, a dedicated team is required with various subparts of the project being assigned to different employee(s). This also helps in tackling a problem collectively and find the best solutions that have greater performance expectations, after analyzing the probable solutions suggested by all the team members, which finds an edge over the solutions suggested by a solo member.
- Lack of a Well-Planned Roadmap
Poor visibility causes accidents.
Lack of a clear roadmap and a strategical blueprint for the project on digital transformation is heavily hazardous for the company, involves the risk of huge losses, and also the chances for failure are greater.
The companies need to make proper strategy and planning regarding the funding, investments, purchases, and proceedings at each level of the project. The companies should also list out the risky areas, and also the sectors that may lead to severe losses for the company, and make more concrete strategies for those sensitive areas.