Many companies are looking for ways to increase results from every implementation with minimal expenses. Digital transformation is one of the best paths to achieving that by offering benefits like automation, reducing the need for human resources, reducing human error, and increasing customer experience.
But most of these companies face challenges deploying digital transformation throughout their organization. Therefore, they are unable to reap the benefits it offers.
Common Challenges of Digital Transformation
Common obstacles hindering companies from implementing digital transformation include:
Poor quality data leads to errors and inaccurate forecasts.
The company lacks employees with the right expertise or structure to fully implement digital solutions fully, thereby causing frustration and discouraging the company from continuing on that path.
Choosing the wrong platforms that end up being unnecessarily costly or unsuitable for their business type.
Relying on a consultant who is after their own personal revenue goals rather than your goal of reducing costs.
4 Solutions to the Challenges Facing Digital Transformation
1. Find out the full cost before implementation
Make sure you consider all your unique organization’s costs and benefits before choosing a digital solution. That means looking at how much it will cost to set up and make the platform work well for you. This includes figuring out what changes and customizations you need to make, moving your data, paying for training, and any extra fees for deployment. Evaluate the cost-benefits and how they weigh against each other. That way, you will be better positioned to choose not just the best platform, but the one that’s perfect for you.
2. You don’t always have to build from scratch
It’s common for top firms to think building a custom solution would be in their best interest. Aside from the time it will consume, the cost might not be worth it, given the myriad of solutions in the market.
At least one digital solution just may meet your needs, and you’ll end up saving tens of thousands of dollars as opposed to building and maintaining a custom solution.
3. Incorporate an additional budget for data engineering
If your in-house team lacks the experience to leverage data, you may miss out on the full benefits of digital transformation. Of course, data is at the heart of digital transformation. In some situations, it is advantageous to augment your team with the best nearshore data engineering services you can find. Such third-party service providers will usually have the latest data engineering tools to put what you have to optimum use.
That way, you not only increase your resources but also avoid the additional workload of managing big data yourself.
4. Focus on what’s important and trust the process
When making big changes to your company’s technology, it’s important to focus on what’s important first. Instead of trying to do everything all at once, break down your digital transformation process into smaller parts and tackle the most crucial ones first. This way, you can get buy-in from your team and have a better plan for making changes in the future.
It’s undisputed; digital transformation is key to staying afloat and reducing costs in this era, and you mustn’t be left behind. By preparing properly and implementing the tips discussed above, you can gradually but successfully overcome those challenges that have held you back.
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