Digital Transformation is the next Digital Revolution

tech.hindustantimes.com:

India today has become one of the fastest growing economies expanding at almost three times the rate of the world average. It is predicted to become a $5 Trillion economy by 2030. Recently, at the G20 Summit, one of Prime Minister Narendra Modi's key discussions was on digital transformation.

This is no surprise given, as per a Polaris Market study, the size of the digital transformation market is projected to reach $ 3739 Billion. Thus, it's a given that digital transformation is on the mind of organisations across industries. However, are companies properly equipped to drive transformation across their organisations?

According to a BCG report, almost 70% of digital transformations fall short of their objectives and end up failing. Digital change is of course critical for any organisation today, but they often overlook one important factor – the human element.

Driving change across organisations means changing processes set for years, making people change the way they have been trained to work possibly for decades, and in some situations a complete overhaul of the existing processes. Organisational inertia can be a real challenge for digital leaders to overcome despite having decades of expertise & technical know-how.

Building a mindset for Innovation

Transformation is a journey, an ongoing process and not a finality.  What digital leaders need is to foster teams that work with a mindset for innovation & collaboration. Driving this change in behaviour at a team and at an organisational level across departments by working in coordination with other department heads.

Giving departments context on what one is trying to achieve through the process changes, taking their input on implementing the changes instead of implementing a