It’s time to transform your business. But are you ready? If not, you can use this checklist to see if your company has what it takes to become a digital powerhouse.
Are you using the right technology?
To ensure that the right technology is being used, you should ask yourself the following questions:
- Is the technology relevant? That is, does it meet an actual business need?
- Are there alternatives available? If so, what are they and how do they compare?
- Is this a good time for us to make this investment (i.e., is our company ready for this change)?
- Does your current technology align with your future business plans?
Do you have a plan in place to handle your data?
An effective data management plan is critical for any organization today. It’s increasingly important to understand what data you have, who has access to it and how it’s being used. A well-designed data governance program can help you manage your data in a way that improves efficiency and reduces risk while still allowing users to collaborate effectively.
A well-defined data classification scheme can help you determine what type of information you’re always dealing with, as well as the level of sensitivity or security required for each type of file. This will enable you to make informed decisions about which applications should be used for different types of files, as well as who gets access to them.
Do you use the data you collect to inform decisions?
As the saying goes, “data is the new oil.” It’s valuable and has the potential to drive your organization forward. But if you don’t use it, all your efforts may be in vain.
The good news is that you have access to data—and lots of it! However, unless you can put that information into context and use it effectively to inform decisions, then what’s the point?
Data governance is key here: ensure that everyone knows where data comes from, who owns it and how they’re allowed to use it (if at all). Once this structure has been established—and roles clearly defined—it becomes easier for organizations to draw insights from their own resources rather than rely on third parties who might not understand their needs or priorities as well as internal teams would do themselves.
Have you automated your processes?
Automation has the potential to save you time and money, which is why it’s crucial for any business. In fact, according to Gartner Inc., organizations who use automation outperform their peers by an average of 1.9 times in terms of productivity.
Automation can be used to improve customer experience by providing self-service options that allow customers to perform tasks on their own without having to contact anyone at your company or wait on hold for hours before getting assistance with something as simple as resetting their password or updating personal information.
Another benefit of automation is improved employee satisfaction: no more spending hours doing tedious tasks that don’t require human intervention! This means employees can focus on higher value projects that contribute more value for your business instead of wasting time doing meaningless work day after day.
Is your data secure?
You should also ask your technology provider to demonstrate how they protect the data of their customers. If you don’t feel confident with their answers, consider changing providers or taking a more direct role in managing your data security.
Information security is an incredibly important part of digital transformation, and it doesn’t matter if you are a large or small business: protecting your company’s assets is crucial. To ensure that your company continues to grow and thrive in today’s economy, it is vital for you to take steps towards securing your personal information from cyber threats such as malware, phishing scams, and ransomware attacks—as well as from natural disasters like floods or fires that could cause loss of power outages at critical times.
Be aware that not all breaches are created equal: Some breaches have less impact on businesses than others do because they aren’t sensitive enough to warrant immediate action (such as an employee accidentally leaving a laptop at home). However, if there’s any suspicion about whether there has been unauthorized access into a system containing sensitive information then immediate steps must be taken so that appropriate measures can be put into place before it gets worse (like unauthorized access turning into identity theft).
Does your business model align with your digital transformation goals?
Does your business model align with your digital transformation goals? This is a critical question because it’s the financial foundation for everything you do. If your business model isn’t aligned with how you want to be perceived in this new era of digital transformation and innovation, then you’ll see some serious repercussions down the line—from profitability issues to missed opportunities and wasted resources.
Here are some questions that can help determine whether your current set-up will enable a successful move into tomorrow’s digital landscape:
- Does my business model enable me to adapt while keeping costs low? As technology advances at breakneck speeds, companies need access to nimble strategies that allow them to pivot without burning huge amounts of cash (or otherwise damaging their bottom line). If your company relies on outdated practices such as costly processes, overstaffing or bloated infrastructure, it might not be ready for change.
- Can my company continue growing once we start innovating? Companies need growth models that allow them space for expansion without disruption; otherwise, they risk losing momentum when trying something new like implementing AI systems into their teams’ workflows or moving away from traditional advertising methods in favour of targeted social media ads targeted at specific groups within their target audience.”
Conclusion
Our Digital Transformation Checklist can help you identify what level of digital maturity your organisation is currently operating at.
Click here to download now and future-proof your business.
Once you’ve taken a good look at your current situation and decided where to go from here, we recommend getting in touch with us so we can help take care of everything else! We’d love to talk about how our services might fit into your business model and offer some suggestions on how other companies have successfully implemented theirs as well.
