You should not feel overly concerned if somebody says “digital transformation” and you are not exactly sure what that means. It’s a phrase that means different things to different people. For some, it might mean cloud migration. For others, it could mean a new set of data and analytics processes being integrated into business operations. And for others, it could simply mean moving completely to the exclusive use of mobile devices to conduct business.
There in a nutshell you should see the challenge with digital transformation and its meaning: it has no single meaning. Therefore, the most important part of any digital transformation strategy is figuring out what’s right for your organization. Here is a three-step process that can serve as a basic road map to help you figure that out.
Step 1: Understand Your Business Needs
Unless you are otherwise preoccupied, chances are good that when you walk out your front door, you know where you’re supposed to go. That’s probably the most important part of any digital transformation strategy: knowing where you will go next.
In this case, the answer isn’t as obvious as “the office,” or “the gym,” or whatever immediate location you have in mind. Just as predicting what cyber resilience will look like year-to-year is no easy task, figuring out what your digital needs will look like in the next 3–7 years can be particularly challenging. Why 3–7 years? Because, again, it depends on your needs. There is no universal answer here, because enterprises are looking at a wide variety of variable ..
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