There are many Digital Transformation myths. These myths are our unstated assumptions that we believe are true.
As a sponsor, you must know what Digital Transformation is all about.
Review the following non-exhaustive list of Digital Transformation myths:
1. Digital Transformation is the game-changer:
Software vendors often paint a vivid picture of Digital Transformation as a game-changer. But, unfortunately, it is often far from the truth.
The outcome of the transformation depends on business goals, current digital maturity, capability and appetite for change.
Digital Transformation can be a game-changer or a disaster. It may only bring a marginal improvement in business efficiency. The outcome of transformation depends on how well you manage it. It is, so, not always a game-changer.
2. Digital Transformation is all about technology:
We often assume that Digital Transformation is about implementing software, hardware, and technology. Note that the transformation project must align with business goals, strategy, and architecture. These projects are about change (process, culture, org. structure) within your business. So, ensure that you have the right business stakeholders’ representation throughout the project.
3. Big Tier 1 vendors are best to manage Digital Transformation programs:
Do not assume that engaging a big tier 1 technology vendor will do some magic for you. Irrespective of the vendor, you need full participation and involvement within the project. The success of transformation depends on your leadership in the project.
4. There is a rosy road beyond transformation:
“The business may need minimal technology investment after the transformation project is complete.”
Do not believe in this statement!
Transformation is not a one-time technology investment. The business environment and technology are constantly evolving. So, there is no rosy road after you complete the transformation project.
5. Digital Transformation will help to reduce headcount:
The outcome of the transformation project depends on its objective. For example, you may want to capture more data and provide extra services to need more resources. So, transformation is not always about reducing headcount. Instead, the outcome of transformation depends on its objective.
6. Digital Transformation requires significant capital investment:
Digital Transformation projects do not need millions of dollars. You can develop excellent digital capabilities by subscription software if you get a smart project team.
7. Digital Transformation is for big companies:
Digital Transformation is equally relevant for small and medium-size organisations. The business case for transformation depends on the business problems, opportunities, goals and strategy. It does not depend on the size of your company.
I hope the post helped to bust a few myths!