In this exclusive video for the BTN, Richard Morecroft (Managing Partner at Digital Work Group) discusses how to get your digital transformation moving. He looks at the importance of balancing strategy and execution for long-term success.
One of the key themes was the pace of technology changes. Specifically, how does it affect organisations & its people? It brought back vivid memories of my Digital Transformation experiences. On reflection, I can definitely share three gotchas & lessons. If you are leading a Digital Transformation or being a part of one, keep an eye on these three gotchas!
Gotcha #1: Partial digitalisation and/or digitalising bad process are not good.
During a recent conversation with a family member about the data-age, she shared with me that she never thought there would be so much data at her fingertips -- anything and everything you could ever think of. We both agreed that no matter what “data” was available through online resources, friends, for example, nothing would take the place of experiencing first-hand what you just Googled.
Digital is all the buzz today. You need to have a mobile app, be agile, invest in startups, move to Office360 & Yammer, do sprints, have scrum masters, use AI, build IoT, add BlockChain, ... BUT the dirty little secret of the innovators is that you will not be one. You might actually be putting lipstick on a pig!
Data and culture have a significant part to play in the successful transformation of businesses. Tim looks at how data can be used to affect change and drive value within a business, whilst being cognizant of the culture of the business.
Tim discusses the importance of a roadmap and planning during transformation, emphasising the role of communication. He considers the most important part of communication to obtain buy-in for a transformation.
The first challenges are cutting through the noise and getting to the heart of the matter. The IT sector pretend transformation is all to do with technology (usually the box of tricks they’re selling). They frequently publish blogs and articles to convince you to “transform your business by moving to the cloud”. Most mainstream IT advice will create operational efficiencies at best, but not transform the organisation.
The investment in recent years by large organisations, including the Big Four, has resulted in advanced technology that is changing many aspects of traditional accountancy and tax advisory. They now have technology that can cut the manhours needed on complex audits, do away with the need for sample testing and conduct a more insightful analysis of trends and risks.
Creating an effective digital change framework
This blog, will share the digital change framework that has been evolved at Digital Works Group to help businesses deliver successful digital transformation.
What you will learn in this blog: