One of the biggest challenges established companies face today is how to transform and thrive in the digital economy. Technologies like Blockchain, the Internet of things, machine learning and virtual reality provide companies of any size with incredible opportunities to transform their business operations, customer experience, workforce, and business models. The biggest barriers for leading this transformation and change are skills and resources, funding, culture, organisational structure and alignment between IT and the business. Large sums are being spent every year by companies on new technology. But, are these organisations getting their money’s worth?
Unfortunately, return on investment is not a guarantee from new system deployments. Transformation is a major undertaking and the larger the organisation, the tougher it is to get right. A lot of companies can’t cope with so much change all at once. If you want to set realistic expectations from your technology transformation, you must address the portfolio, people, platform, and process aspects for successful implementation. These account for significant time, money and resources and why often, companies start by focusing on just getting the technology deployed and working.
Where the technology is required to effect big structural changes within the organisation, the technology is not the focus, the most effective approach is to start by focusing on how your team can collaborate well in an agile manner. Look for people who want to test their limits, have some technical acumen, but who also understand business challenges. Select people who care about solving business problems and who have a “can do” attitude.
At Adastra, we can help you with your program approach when managing two separate styles of work: one focused on predictability, and the other on exploration. That will help guide your business through the key phases of transformation and suggest best practices that will enable you to operate with agility and speed. By applying the latest best practice business transformation methodologies we help you accomplish success technology transformation programs.