Digitization is no longer just an option for today's companies, it has become a necessity. So, if you want your business to compete in this digital world, You need to make some changes and avoid common mistakes in digitization projects you must be willing to change the way your company works and evolves to adapt to changing times and new consumers, Companies must adopt new technologies and processes to operate efficiently in today's complex and competitive market.
Digital business transformation in digitization projects is not limited to creating an app or website only; It forces companies to change the way they look at their interactions with customers and how they will offer them value in the future, want to learn more about the most common digitization projects, read with us.
What are digitization projects based on?
We can say that digitization is the process by which digital technology is implemented in the economy, thus affecting different aspects such as production or regulation, corporate structure and management, one of the main effects that companies get through digitization is to reduce their fixed expenses, because digital transformation has made it possible to maximize production costs, employment or other different resources.
This often increases productivity, making more companies rethink the initiation of digitization, regardless of these reasons, why are digitization projects so important?
- Traditional records or files are combined in digital format.
- Helps improve and facilitate the exchange of information.
- Provide services to customers anywhere in the world.
Provides the benefit of real user data and analysis.
Errors in digitization projects
There are also advantages to digitization projects for enterprises and companies. In contrast, there are errors in digitization projects that prevent these enterprises from benefiting from the benefits of digitization in general. Perhaps the most prominent of these errors are:
1. Lack of understanding of the scope of the work
One of the errors of digitization projects is not to fully understand the scope of the work, it is important to know what you want to do, the deadlines set and the resources available to you, this will allow you to organize your project properly and make sure everything goes according to plan.
2. Strategy Limited
In some cases, digital strategies are identified in digitization projects for only a partial area, marketing is included only (website, social media marketing, etc.), however, the fact that there are many other things remains forgotten, while products/services, marketing/distribution, ecosystems, operations and supply chain can be digitized and often have a significant impact, in digitization projects.
3. Lack of a clear vision and a specific goal
Companies often forget that digital transformation does two things at once: digitize the spine, automate, simplify and reuse components or processes.
Failures can occur when there is no advance planning or dedicated resources, where digital initiatives fail when there is a lack of clear vision and strategy, but even with a great vision and strategy and board support, failures can occur if there are no clear and sharp goals and targets set for everyone to understand whether the transition is successful.
4. Short Term Plans
Very short strategies make you work somewhere blindly, causing you to choose the wrong initiatives in digitization projects, while opposite a long-term view of change can help you get an idea of what your digital disruption will look like in 10 years. (or more) And then you can address it in a more targeted way, of course, short-term success is vital, and the strategy that fails in this direction will never see the light of day, however, it is important to have a clear long-term plan, to succeed in your digitization projects.
5. Failure to take into account persons working in the company
Digitization changes the heart of employees' work. It is very important that those who will be affected understand the importance of this transformation. In many cases, employees need to be trained and keep up with the application of new technologies in digitization projects. By doing so, you will make them feel empowered by changes after the transformation, they must realize that digital transformation is critical to the survival of the organization.
6. Disagreement and commitment
Company leaders must understand and agree on the vision of the company's digital transformation, where disagreement in digitization projects leads to friction and delays in the smooth implementation of the plan, but everyone must be aware of the priorities and actions to be taken during the implementation of the plan.
Another equally important aspect of the process is the obligation, the common observation is that if the difference in digitization projects is not committed, With the strategies initially identified, the initial stages of implementation are projected, But over time, leaders begin to expect other results, If a new feature or function is introduced halfway when the plan is already in the implementation phase It creates resistance, it may also lead to a conversion in the initial plan, which can lead to unexpected results.
7. Misallocation of budget
Many believe that they can start with a small budget and increase it as their digitization project progresses. This is wrong, and even the most recommended thing to ensure the successful development of the project is to determine the budget and make it available. Otherwise, you risk owning a website or a half-finished app and never finalizing it, thereby losing time and money you will never recover.
8. No long-term commitment
Lack of sufficient funds and business acumen can lead to a failure of digital initiatives. It is important that these initiatives have allocated multi-year commitments and budgets to sustain them during good and bad years. Organizations, especially CFOs, need a clear understanding of the return on investment and how and when it will emerge.
The return on investment is generally not expected to be immediate, and if you expect otherwise, there is a risk of judging the beginning as a failure rather than a start to long-term success, the more tools added, the more complicated the problem will be rather than addressed through a single tool.
9. Access to Digital Exhaustion Point
Digital depletion is a difficult problem that acts as an obstacle in the decision-making process of digital projects, companies that are undergoing significant technical changes must be subject to expanding or developing new capabilities for highly complex IT applications, who can transfer their data center to the cloud, update IT entirely, implement ERP (etc.). In such applications.
Conclusion:
In this highly competitive market, enterprises are trying to apply digital technologies in order to maintain their competitiveness, enhance productivity and efficiency, and increase profit margins. Digitization has swept the business world because of its ability to bring about fundamental transformations in how organizations operate by improving internal business processes, and to achieve this must avoid falling into the mistakes of digitization projects, which we mentioned in our article for today.
Comments
13 Jul 2023 07:20 PM
FAHD
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13 Jul 2023 07:22 PM
AHMED
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