In Digital Transformation, Initial Business Discovery is Key
We’ve all heard the saying: “If a tree falls in a forest and no one is around to hear it, does it make a sound?” Well, we’d like to put a new-age spin on this: “If an organization implements a digital transformation plan without a strategic plan, does it have an impact?”
The answer: No.
Here’s why this is so concerning: nearly 80% of businesses identified digital transformation as their top strategic priority last year, yet only a fraction have implemented an enterprise-wide digital strategy. Nearly half of CIOs plan to spend 50% or more of their time in digital activities by 2021, yet only 5% feel they’ve mastered digital to a point of competitive differentiation.
It is clear that businesses understand the importance of digital transformation, yet they’re struggling to go from vision to execution. They’re challenged with evolving from legacy hardware to a services-based ecosystem that supports digital drivers like cloud, mobile, big data analytics, and social.
In our experience, the reason for this is because an initial business discovery process was not sufficiently performed to put a strategic execution roadmap in place. Perhaps customer-specific strategies were not as well-defined as intended, or there was a misalignment between business outcomes and technology implementation. Digitization consists of many moving parts, technology, people, processes, etc., making it all too easy for companies to get stuck or lost in the process.
The Impact of Doing Digital Right
Without question, digitization represents massive customer experience, operational, and revenue opportunities. Seizing this opportunity, however, requires transitioning to a services-based approach that targets customer- and vertical-specific needs, especially those related to communications.
I recently spoke with Richard English, Avaya Professional Services Managing Director. English explained how enterprises can bridge a digital gap by engaging in a Discovery Workshop. As an undisputed leader of enterprise communications, Avaya helps countless organizations enhance their operational strategies and customer relationships through this innovative, one-day workshop. He explained how:
A successful discovery uncovers new revenue and CX opportunities by ensuring engagement with and incorporation of executive strategy and goals, operational status, technical assessment and potential economic value. Learning how collaboratively building and delivering a compelling digital business case/roadmap—leveraging Avaya’s knowledge and expertise with you and your business leaders—contributes to overall project success.
English said, “It’s easy to say, ‘Here’s where we’re at today in our current state, and here’s where we want to be in our future state’ … but you need to understand the level of effort [and] the level of cost required to achieve that future state.”
A digital roadmap must be created with an inherent understanding of customer, revenue, technical, people, processes and operational drivers. The initial business discovery process is vital for successfully executing digital transformation, making an exercise like a Discovery Workshop instrumental for organizations today.