Digital transformation strategy for businesses (Part 2)

Building an adaptive culture for digital transformation

Given the trends and the level of investment of major brands in digital transformation, it is possible to see expectations for the growth of this sector in the near future. 95% of reports show that the number of digital transformation will increase sharply in the next 3-5 years, and about 20% of them promise to implement this process thoroughly.

Digital conversion is a long-term process. Even if your business has completed the digital conversion process, there is still a lot you need to do to optimize the benefits of this process.

In the past 2 years, technological advances have brought many initiatives to streamline the process of digitizing businesses. Instead of digitizing the operational system in a rampant way, managers can do small projects to remove bottlenecks that can slow down the digital conversion process first. This provides good results, while providing a solid foundation for the whole process of digitization later.

Challenges still exist

Challenges have always been part of the transformation process and digitization is no exception. According to some recent reports on digital transformation, businesses often encounter the following difficulties:

– The shortage of experienced experts in digital transformation

– Nonconformity in the business tools currently in use

– Limit on investment costs

– Employees repel managers’ efforts

A handful of businesses are still facing organizational structural issues, and this is preventing final decisions. Part of the reason also comes from the lack of employee motivation and lack of understanding among managers. In addition, the lack of budget and the inconsistency between the current management system and the digitization process are also extremely difficult issues.

The challenges of digital transformation include a combination of issues of both technology and people. When asked what was the most difficult thing about digital transformation, the answers given by the parties were due to changes in working culture and organizational structure.

Partners are an important factor in helping to bring about success

Whether it is upgrading IoT solutions, changing factory structures or making better use of advanced technologies, 88% of respondents stated that their manufacturing partners played an important role in digital transformation process for businesses.

One of them hopes their manufacturing partners can bring about the necessary changes or provide more convenient services. Others, meanwhile, hope that they will help identify future technological changes. Some participants shared that they would like to learn more from their partners’ experiences and also share their experiences for them to achieve the best results.

Productivity and Quality Office