To begin your digital transformation journey, you’ll need executive buy-in, budget, and a team of internal staff who understand the magnitude of this type of commitment. Again, digital transformation isn’t a one-and-done project; it’s a cultural shift within your organization.
In most cases, when an attempt at digital transformation fails, it’s because it is underfunded and/or understaffed.
Your executive sponsor can promote digital initiatives among company leadership, keeping them high in visibility and priority for the entire organization. Your annual budget must cover both CAPEX and OPEX expenses. And you need adequate staff to keep digital projects moving.
In most cases, you’ll also need a consultant or agency partner who understands your industry and your opportunity. It’s important for your partner to understand the ways in which a digital transformation impacts technology, processes, and people.