Why is digital transformation important? Most organisations find themselves asking why they should spend millions elcome to our weekly column on digital of Pula or dollars investing in these digital transtransformation, where we uncover the formations and all these new phenomenons that secrets to turning your business into are coming up in the industry. a tech- savvy powerhouse! Today, we’re kicking In order to fully understand the importance things off with a crucial topic: the business case. of digital transformation as an exercise that the

Think of it like the foundation of a skyscraper organisation needs to take, it’s very necessary to look at the progression of technology. And this is best explained by three fundamental laws, which are: the Moore’s Law, the Butters’ Law as well as the Kryder’s Law.

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- without a solid business case, your digital transformation project is bound to crumble like a house of cards. It’s the roadmap that guides you towards

of business

success, helping you allocate resources and make savvy decisions along the way. But don’t just take our word for it. If you want your organization to thrive in the digital age, you need to get serious about your case. The more robust your

transformation

analysis, the more likely you’ll be able to ride the wave of innovation and come out on top. So, whether you’re a tech guru or a digital newbie, buckle up and get ready to transform your business from good to great!

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The baby’s going to start off by wiggling across recent past. is a document that details the costs of making an the floor, and then they will crawl, and then they the technologies investment in technology and includes estimates will try to walk and fall multiple times before they we speak of the return on that investment ( ROI). You can can actually be able to jog, let alone run. Therefore, look into since use a business businesses case are to run justify by human spending beings, money this on experimenting means new equipment that businesses or software, grow at as a linear well as rate, for whilst other technology forms of strategic grows initiatives at an exponential like creating rate. an online presence Consequently, or expanding this creates into a a new big market. gap between where Before technology you write is your at as own well digital as where transformabusiness is tion at, at plan, given you’ll points need in time. to know This what’s is exactly involved what creates in building room one for disruption. from scratch— this process can be Disruption broken down basically into two means main that steps: a new Start player by can identifying be able to what come needs to an improvement industry where within previous your incumbents company’s current were thriving processes and able and to operations. completely change Your goals the status should quo. include So, as a improving result, it’s important efficiency, that increasing organisations employee that satisfaction come in must and ensure productivthat they ity, reducing actively close labor the costs gap between or creating technology more value advancement for customers. as well It as might their also business be useful development. to look

This at similar way, they companies can be in able similar to close industries the gap who for potential have implemented entrants who successful might come digital in transformaand disrupt their tions status themselves; quo. It analyzing also increases their their strategies capability may and give capacity you some to ideas be able about to continue what kind to grow. of changes

Now that we understand the importance of would work best with your particular organizadata transformation in closing the gap between tion’s goals. Decide which technologies will best business advancement as well as technology advancement; accomplish these it’s necessary goals based for on us factors to look such at the as different cost effectiveness types of ( technologies how much money that are could being potentially be saved), ease- of- use ( how easy would this tool be for staff members) and compatibility with existing software tools Align the investment to your business goal( s) Your business case should align with your overall business strategy and goals.

A well- written business case is a clear statement of the problem you are trying to solve, the expected outcome, and the benefits that will result from solving this problem. Align your investment to your strategy and goals by creating a clearly defined scope for how digital transformation will affect your organization. Setting these priorities will help you address questions like: What is the project’s value proposition? How can we best use technology in our industry or sector? How can we deliver better service to customers using technology? To achieve this, consider asking questions such as: what does success look like for us? How do we get there? What must change in order for us to succeed ( including people)?

Building The Business Case Consider all of your alternatives

When it comes to digital transformation, you should always be weighing all of your options. Don’t be afraid to try something new, or even change your mind.

Remember that no option is final until you’ve given it time to prove itself— and if it doesn’t work out, don’t give up hope yet!

You might need help from someone who understands more about the technology than you do ( or who has seen similar problems in the past). Don’t be afraid to ask for advice; remember that this isn’t just about your job— your entire organization depends on making good decisions now and into the future.

Finally, if one solution fails and another seems better suited for what’s needed today, don’t let pride hold back progress! A learning organization can adapt quickly by changing course when necessary; after all: ‘ failure’ often means “I learned something new.” In conclusion, the business case, a paramount aspect of digital transformation initiatives, offers an extensive comprehension of an organization’s pursuits and enables judicious resource allocation.

The development of a business case encompasses the identification of improvement opportunities, the selection of pertinent technologies, the correlation of investments with corporate objectives, and the consideration of various options.

Through this process, entities can attain triumph in their digital transformation endeavors and furnish an enduring advantage to their constituents. It is imperative to note that every choice is subject to alteration, and in the event of setbacks, adaptability and innovation can serve as powerful tools to propel the organization forward.

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