Complete Guide to Digital Transformation Strategy - Ecosystems and Levers of Digital Transformation
What is Digital Transformation?
Organizations across all industries are undertaking "Digital Transformation" projects. But, what exactly is it? And, are they doing it right?
At its core, Digital Transformation is driven by the tangible shift in the role of technology within an organization. No longer as purely a support function that enables business processes, technology is now capable of much more. Technology now allows for new, innovative business models (e.g. XaaS), drives sales growth, and can even be a source of Competitive Advantage.
There are numerous emerging technology trends that drive Digital Transformation. Notable ones include Robotic Process Automation (RPA), Artificial Intelligence (namely Machine Learning), Mobile, Internet of Things (IoT), Cybersecurity, Big Data & Analytics, Cloud, Social Media, Blockchain, and so forth. The applicability of technology is largely dependent on the industry and organization.
With these technology trends, businesses are armed with the capability to fully digitize, transform, and grow their organizations. These technologies, in fact, mobilize 8 levers to Digital Transformation—spanning both Growth (business drivers) and Operational Improvement (business enablers).
RESOURCES REFERENCED IN VIDEO:
The Flevy Marketplace (https://flevy.com) represents the largest library of best practice business documents available online--with over 5,000+ documents (including frameworks & methodologies, presentation templates, financial models, and more), spanning over 500+ management topics (https://flevy.com/business-toolkits).
FREE Digital Transformation Primer - https://flevy.com/download/digital-tr...
Our complimentary primer to Digital Transformation Strategy provides an overview to the 8 levers to DX. This presentation also touches on 6 technology trends driving Digital Transformation.
FREE Digital Transformation PPT Templates - https://flevy.com/download/digital-tr...
DIGITAL TRANSFORMATION FRAMEWORKS:
DX Strategy - https://flevy.com/browse/marketplace/...
DX Business Ecosystems - https://flevy.com/browse/marketplace/...
Customer Experience Strategy - https://flevy.com/browse/marketplace/...
DX Operating Model Transformation - https://flevy.com/browse/flevypro/dig...
DX Implementation Guide - https://flevy.com/browse/marketplace/...
6 Building Blocks of DX - https://flevy.com/browse/flevypro/six...
DX Value Creation - https://flevy.com/browse/flevypro/dig...
DX Governance - https://flevy.com/browse/flevypro/dig...
Digital Organizational Design - https://flevy.com/browse/flevypro/dig...
Robotic Process Automation (RPA) - https://flevy.com/browse/flevypro/rob...
7 Laws of DX - https://flevy.com/browse/marketplace/...
Big Data Enablement - https://flevy.com/browse/flevypro/big...
IoT Decision Framework - https://flevy.com/browse/flevypro/int...
Digital Supply Chain - https://flevy.com/browse/flevypro/dig...
Emerging Digital Technologies:
RPA - https://flevy.com/business-toolkit/ro...
Artificial Intelligence - https://flevy.com/business-toolkit/ar...
Machine Learning - https://flevy.com/business-toolkit/ma...
Mobile Strategy - https://flevy.com/business-toolkit/mo...
IoT - https://flevy.com/business-toolkit/in...
Cybersecurity - https://flevy.com/business-toolkit/cy...
Data & Analytics - https://flevy.com/business-toolkit/da...
Cloud - https://flevy.com/business-toolkit/cloud
Social Media - https://flevy.com/business-toolkit/cloud
Blockchain - https://flevy.com/business-toolkit/bl...
Top 100 Best Practices on Flevy:
All Best Practices - https://flevy.com/top-100
Digital Transformation - https://flevy.com/top-100/digital
Strategy & Transformation - https://flevy.com/top-100/strategy
Operational Excellence - https://flevy.com/top-100/opex
Organization & Change - https://flevy.com/top-100/organization
Management Consulting Frameworks - https://flevy.com/top-100/consulting
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