Digital Transformation projects abound, it can be downright difficult to determine if your organization is ready to take the high-tech plunge. Digital Transformation is an involved, comprehensive process that has the power to impact all of a company’s departments and divisions. And this says nothing of the effects on business operations and even clients or customers.
Digital Transformation development projects hold the power to be, well, very transformative! But timing is critical to a project’s success. Many Digital Transformations fail due to factors that can ultimately be traced back to bad timing. This begs the question: how do you know if it’s the right time? Consider these seven signs that your company is ready for a Digital Transformation project.
Sign #1 – Your Company is Growing and You Need Scalable Solutions
Scalable technology is essential if you expect to see continued business growth and long term success. Challenges arise when a company outgrows its software, mobile apps and other mission-critical technology. In these cases, technology may actually become a hindrance rather than a help.
It’s not uncommon for a startup to implement IT solutions that worked well when the business was in the fledgling stage. But now that the company has expanded and grown, that technology is no longer sufficient. A Digital Transformation project can solve this problem with a scalable custom enterprise software solution that can support the company’s operations today and well into the future. In short, you want your company’s software to drive productivity and growth instead of acting as a hold-back. A well-architected Digital Transformation project can support scalability today and in the future.
Sign #2 – Your Business is Using Disparate Software Solutions
Many companies deploy software solutions as the need arises, especially when the business is in a growth phase. When all is said and done, these companies find themselves in a less-than-ideal position with a dozen or more mission-critical platforms that lack true integration. The act of switching back and forth between various portals, platforms and interfaces saps productivity and efficiency. There’s also lots of room for things to fall through the cracks when you’re using multiple platforms in this way.
The solution is a custom-built enterprise software platform with all of the features and integrations that a company needs to succeed. This is one situation that will only get worse with time. Therefore, if you’re facing this challenge, now may be a suitable time to get started with a Digital Transformation project for the creation of an enterprise software solution.
Sign #3 – Productivity Has Dipped Below Acceptable Levels
Maximizing productivity is a consistent goal for most companies. The right technology is critical because outdated software systems can seriously hinder an employee’s efforts, leading to sub-par productivity and poor morale. At best, old technology will just barely keep things afloat.
Ideally, your enterprise software should bolster productivity. If this sounds familiar, then now may be the perfect time to begin the Digital Transformation process.
Sign #4 – The Company is Facing Regulatory Compliance Challenges
Legal and regulatory compliance are very real concerns for many companies, especially those that are closely regulated like the financial sector and the healthcare space. Yet many lack the tools and technology that’s needed to achieve full compliance.
Maybe you’re lacking the right auditing and data management tools. Others may need to deploy improved security measures to meet compliance standards. Whatever the case, a Digital Transformation project can place your business in a better position for achieving and maintaining legal and regulatory compliance.
Sign #5 – Your Business is Preparing to Grow or Evolve
Business growth and evolution often necessitates the deployment of new technology. This serves as the perfect opportunity to perform an IT overhaul with custom enterprise software solutions and other essential technologies. Ideally, everything should be combined into a single enterprise software solution which can take the place of multiple stand-alone platforms.
Just remember that you’ll need to provide training for the employees who will be using these new platforms. Otherwise, you may fail to see the maximum ROI from your Digital Transformation project.
Another important point to consider before proceeding with a Digital Transformation project is your time and how much time business leaders within your organization can reasonably dedicate to the project. Collaboration and client input is essential for success when it comes to a Digital Transformation development project. The reason? Business leaders and leaders from a company’s various departments and divisions will need to be involved for the duration of the project because they possess insights, information and feedback that the development team simply doesn’t have. This input very important for creating a custom platform that will meet their needs both today and down the road.
Digital Transformation for Maximum ROI
At 7T, we specialize in Digital Transformation, using a collaborative development process that engages the client from start to finish. Our many Digital Transformation service offerings include process automation solutions, enterprise software development for ERP and CRM systems (among others), along with SaaS development for web apps and mobile apps, amongst others. We have extensive experience working with cutting-edge technologies and we help our clients to achieve goals such as scaling and achieving regulatory compliance.
We’re guided by the approach of “Digital Transformation Driven by Business Strategy.” As such, the 7T development team works with company leaders who are seeking to solve problems and drive ROI through Digital Transformation and innovation. We then provide collaborative, multi-phased and impactful Digital Transformation solutions.