Digital Transformation Tool Kit: CAGR 2021 – Beyond & Identifying Strategic Inflection Points

Most organizations should be much further ahead in digitization and automation undertakings but unfortunately are falling into same strategic boobie traps, effectively stalling progress or even worse, turning supposedly cost-saving, efficient exercises into sunk costs. At the same time, new automation concepts, business models are blitzkrieging through technology landscape, overwhelming small-mid sized businesses.

Key to success lies in striking a balance between identifying relevant automation undertakings and executing them with ‘two-steps ahead of the competitor’ mindset.

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2021 Enterprise Solutions Stats, 2025 Projections & Digital Transformation Cost-Benefit Model

2021 might as well be referred to as the year of ‘Great Expectations’. From finding immunity against COVID-19, to re-starting global economy, to taking stock of all that has been lost in prior year to doing a temperature check of businesses – 2021 is expected to be a year of great resets and overhauls.

Enterprises are going through their own renaissance period, now commonly referred to as ‘digital transformation’. According to us, ‘digital transformation’ refers to systems, processes and organizational change management that can upend existing technology status-quo with an operationally superior product that is technologically advanced. However, one of the biggest impediments to realizing successful digital transformation is sunk costs incurred due to unplanned, strategically tone-deaf technology replacements. Financial-first approach, backed by corporate strategy fundamentals is still the most efficient way to realizing successful digital transformation.

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Digital Transformation ++: Two Steps Ahead Technologies, Processes & Ecosystem

DigitalTransfomation

Pandemic imposed restrictions have highlighted technical gaps between organizations which have made technology, part and parcel of their daily operations versus those which have not. Consequently, need to transform the organization through digital tools (i.e. software, device and hardware) has become imperative. If we earnestly evaluate, then so called ‘digital transformation’ has been around since 2000s, even though, prior to the pandemic, it was moving at a glacial speed. Start of 2000 was witness to ‘catastrophic’ Y2K, massive dilemma of what would happen when all ledgers which made entries based on last two digits of the fiscal year would reflect ’00?

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