By Janice Burney via Iris.xyz
Laying the Foundation for Digital Transformation
What is it? And what can you do?
Digital transformation is no longer a choice. But how important is it?
Data shows that digital transformation is more than an erratic trend. It’s a mega-trend. However, less than 30% of business processes are digital. Even to this day, many business processes are manual or done on paper.
According to McKinsey, ignoring digital disruption will make revenue fall by 12% while those embracing it will grow by 16%.
This makes sense.
It’s time to start your digital journey. There’s not a choice if you want to stay current and competitive. It’s not entirely daunting – but it is inescapable.
Digital transformation requires a pioneer’s spirit. The desire for long-term scalability will test the steady hand of business leaders mired in antiquated process and procedures. It’s not enough for an industry to adapt. Digital transformation requires a transformative mindset. Pushing old business norms, trial and error is part of the equation.
NASA landed astronauts on the moon using technology before the cell phone was invented! And the microchip was still in its infancy. The Internet of Things (IoT), as a concept, wasn’t officially named until 1999. You’ll be landing on the moon applying technologies that are evolving. And so far, there’s no technical solution to rule them all.
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