While digital transformation is appealing and a must to thrive in today’s business environment, achieving success with it is difficult if organizations do not know where to start.

1. Four Things to Remember Before Embarking on a Digital Transformation
Journey
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While digital transformation is appealing and a must to thrive in today’s business
environment, achieving success with it is difficult if organizations do not know where to
start.
CIOs and their counterparts have been striving to implement digital transformation initiatives
within the finance sector over the past few years, especially in 2020 and 2021. This should come
as no surprise as the potential benefits of digital transformation range from improving efficiency
as well as cost savings to delivering a seamless customer experience while driving revenue
growth. But, not all digital transformation initiatives go as planned.
Here are four key elements organizations CIOs should consider to make sure that the right digital
culture is in place for supporting digital transformation:
Acknowledge transformation is difficult
While building their digital transformation strategies, organizations should acknowledge that it is
not going to be easy, as employees react differently to change.
Empower employees
Lack of empowerment often leads to a string of issues of different projects that can ultimately
delay the digital transformation. Also, if the employees are constantly criticized for their ideas,
they will not be open or feel empowered to lead the projects. To achieve a successful transition,
managers should be confident to delegate as well as show employees that their feedback maters.
Improvement is a continuous process
Improvement and enhancement are iterative processes; it begins with small but incremental shifts
in the mindset of senior management across the organization. This will enable employees to
evolve while developing a cross-functional understanding of what results the organization will
yield at the organization level. Read More= Digital Transformation Journey
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