In a rapidly digitizing world, the Schlüssel zum Erfolg für Unternehmen to be well-prepared for the future. But how do they navigate the uncertain path of digitization and secure a decisive advantage in the digital age? Here, we reveal the secrets and strategies that guide companies on their way to successful digital transformation..
We have summarized the key steps and best practices for you in the following article. Or use the free PDF download for even more Xinsights to help you tackle digital transformation with ease:
Digitization should be more than a good resolution
Good resolutions and digital transformation pose significant challenges for both individuals and organizations.
Many people abandon their resolutions after a short time, while companies are faced with the task of adapting their strategic direction to the digital revolution.
According to the DESI Index, only 40% of European companies are well prepared for digital transformation. Industrial companies in particular are struggling, while other industries are more advanced. For businesses, digitalization means the fourth industrial revolution, in which information technology plays a central role.Successful companies will need to intelligently connect all information circuits to meet individual customer needs.
Seamless functionality, services, and nformation across channels are critical to success in the digital age.
You should invest in digitization if...
- your competitor is conquering the market with an optimized digital product supply chain, while you are still struggling to translate product brochures.
- someone else is delighting demanding customers with new, highly customizable products while you're still trying to sell off your inventory with discounts.
- someone else links their products online with a digital twin, while you have to search for the batch number in case of a complaint.
"For some companies, keeping up with the pace of others is becoming harder by the minute."
Throughout the centuries, revolutions have brought about profound changes in societies, production conditions, and markets. The current digital revolution is just such a disruptive development, requiring companies to take a critical look at their ability to adapt. In today's information age, there is little time for reflection, so companies urgently need to ask how and at what pace they can adapt to the changing environment.
Companies that have already mastered digitalization have a distinct competitive advantage. But to achieve this position, they must first create the right conditions. An analogous parallel is good intentions, where it is not enough to simply be motivated. It also requires systematic training of the right "muscles.
In this context, the assistance of a personal trainer can be extremely useful. A qualified trainer takes the time to carefully analyze the client's health and physical condition. He or she will also address relevant issues such as the client's specific goals, current level of performance and willingness to invest time.The client's motivation to achieve the goal plays a critical role. Based on this in-depth analysis, the coach makes a professional recommendation based on his or her specialized training and many years of experience in the field.
Digitization requires a tailored approach, which can be supported by a Digital Transformation Coach.
Similar to a personal trainer, the coach analyzes a company's current situation in order to derive suitable measures and to enable a targeted design for the future.The business model, strengths, opportunities, risks, and efficiency of the organization are considered. The coach evaluates existing structures, processes, data standards, and the maturity of digitalization to identify the need for action.
Based on this, individual goals and action areas are defined, priorities are set, and implementation is planned. The interdependencies between the measures as well as organizational requirements and the degree of change are also taken into account.
"A digitalization strategy requires a targeted approach."
The vision of the digital hero
The Digital Transformation Coach works closely with the client to develop a long-term vision and strategy for the company's digital transformation. Special emphasis is placed on customization to reflect the current and historical aspects of the business.
Clear objectives, actions and activities are defined together with the client. A customized roadmap is created to effectively implement the digital transformation. This roadmap takes into account quarterly goals, initiatives, costs, and organizational implementation. It serves as a guide and enables directional decisions during the transformation process.
Enterprises can benefit from an experienced and independent digital transformation coach like Xtentio, to support them in their overall digital transformation. Through a comprehensive analysis and and tailored recommendations, strengths and weaknesses are identified and a customized roadmap is created.
By choosing the right coach, companies can successfully overcome the challenges of digitalization and achieve their goals.
If you would like more information on this topic after reading this summary, you can download our Xinsight on "Fit for Digital" as a PDF by clicking the download button below.
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Click here to download our free Xinsight on "Fit for Digital". (currently only available in German)