Strategy is important to effect Digital Transformation

While embarking on #smartmanufacturing manufacturers are confronted with the best strategy for Digital Transformation as this article (below) suggests.

 

There is no one-size-fits-all but in all cases the current maturity in terms of people, process, assets and technology must be taken into consideration while formulating the strategy. No one said digital transformation is easy (in fact any transformation is hard) and no business should jump into it.

 

But the worst mistake is to boil the ocean in terms of people and processes before embarking on a digital transformation strategy. People, processes and assets are integral parts of the transformation and must be considered as part of the strategy. That’s not an excuse for not getting started.

 

Best practices we at #codedataio have seen work:

  1. 1. Get started early on. There will be quite a bit of experimentation, be prepared for it.

 

  1. 2. Work on a strategy. Evaluate current situation (note: maturity evaluation in terms of people, processes and assets must be part of the strategy and not external to it). Strategy can be incremental as well. Your first business goal may be to iron out fluctuations in your supply chain – your strategy should revolve around that.

 

  1. 3. Set incremental goals. Invest in incremental goals. Keep provision for experimentation.

 

  1. 4. Don’t get stuck in POC paralysis – drive each incremental goal all the way through Adoption (you may need to define what Adoption means to you). This is key – there is no transformation without adoption.

 

  1. 5. Capture the value you delivered through the goal.

 

  1. 6. Incorporate lessons learned into the the next set of incremental goals. Lessons learned are not just technical – more often than not they relate to people and processes.

 

  1. 7. Repeat #1 through #6.

 

What are some of the best practices you have followed? How have they performed? We want to hear from you.

 

Here is the link to the article: https://www.bain.com/insights/how-to-avoid-the-digital-operations-doom-loop/