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How to implement Digital Transformation
successfully?
Date
Dr. Hosam Abou ElDahab
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
SPEAKER BIO
• Hosam AbouElDahab is a Fintech expert who led several strategic
Fintech and Digital Transformation programs in Africa and Gulf
areas, with 20+ years in the IT industry he was able to
successfully roll out initiatives in Digital Financial Services and
Financial Inclusion and to be an international Fintech advisor.
• Currently, in AlexBank, He is leading the Digital Demand Office to
support the strategic business projects inside the bank, this
through leading the Business Analysis, the IT Governance &
compliance and the IT security teams.
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
OUTLINE
 Introduction
 Digital Transformation Journey
 Digital Transformation Tips
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Difference between Digitization, Digitalization and Digital Transformation.
• Incremental change.
• Digitization is the conversion of analog or physical information to a
digital format.
• Digitalization is the use of digital technologies and digitally-enabled
approaches to enable or improve business models and processes.
• Deep change
• Digital transformation is the coordinated digitalization change efforts at
scale, including all business aspects such as information, people,
processes and technologies.
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
DIGITAL TRANSFORMATION IS A JOURNEY NOT AN OBJECTIVE
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Do you know why others are failing?
Trying to innovate by either internal or external
teams using existing traditional work processes
As-Is.
Check
Initiation
Do
Plan
Digital Transformation Journey
Act
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Initiation
“An individual or group desires to change and
improve...develops a vision, and then begins to
take risks.”
Digital Transformation Mission
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Initiation [Tips]
 Clear objective
 Define what is the added-value
 Imagine the future of the product/service market
 Measure ROI On Digital Transformation
 Start from where others stopped
 Get top-management support
 Picking the right team.
 Build leadership buy-in to boost adoption.
 Change catalysts…
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Plan
•“what is between the bird's-eye view and the
ant's-eye view”
• Communication, Quality, Risk, Time, Cost,
Scope, Change, Resources and Procurement
plans…
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Plan [Tips]
 Think big but start small, Don't try to eat the elephant all at once
 Perfect Stakeholder analysis
 Start from well-defined processes for smoother transitions
 Verify available time and funding before you start to guarantee completion
 Define your KPIs, milestones and benchmarking
 Define the Digital Transformation Tools and technologies
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Plan [Tips- Cont.]
 Transform based on client and consumer digital adoption
understanding
 Close The Technical Gap In Your Leadership Team
 Corporate digital awareness…
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Do
•“Turn-on the Digital Transformation Machine”
and start the plan execution…move!!!
•Deliver Milestones.
•Incremental added-value whenever possible.
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Do [Tips]
 Business speaking, put human at priority no. 1…
 Treat employees as collaborative partners
 Stick to the plan while you can ask for replanning and plan tunning
 Balance between perfection and deliver in timely manner
 Balance between fast delivery and know-how retention
 Don’t overwhelm into the innovation and cut-edge technologies…
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Check
•“how did you do compare with the baseline
plan?”.
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Check [Tips]
 Benchmark what you did.
 Are you okay with your KPIs?
 Measuring your digital transformation against metrics.
 Don’t miss the lessons learned.
 Don’t ignore feedback and sentiments
 Review your strategy on a frequent basis
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Act
“this the time for fixing the train after the mile,
and share the corrective and preventive actions”
‫األسواق‬ ‫وتنمية‬ ‫فتح‬
Act [Tips]
 Fix and distribute
 Don’t pinpoint
 Revise-update your plan
 Revise-update your strategy
 Celebrate
Thank You

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How To Implement Digital Transformation Successfully .pdf