The Digital Transformation Playbook from BMC & PSFK Labs looks at important strategies any company can implement
A number of opportunities are available for businesses to partake in internal and external digital transformation, as well as useful strategies that can be used to avoid some of the pitfalls when engaging in digital transformation. PSFK Labs and BMC had the opportunity to uncover a number of these topics the past few weeks.
Here is an overview of some of the key research and strategies:
Rapid Application Innovation
Companies have to react quickly to any changes in the market and seize new opportunities or risk falling behind. Consumer and business needs are evolving and technologies are shifting at a rapid rate. The only way to keep up is to adopt continuous development cycles that focus on constant improvements, keeping in mind the importance of balancing speed with quality.
Big Data For Improved Insight
Information, information, information. The increasing ability to gather data and insights has opened the doors for any company to gain a competitive advantage. At the same time, gathering this information and processing this information are two very different tasks. With access to more data about their consumers, their competition and their internal operations, companies need to ensure they have the right tools and processes in place to translate data into actionable insights.
Enabling The Next-Generation Workplace
Time and location no longer dictate work. Instead, working is an activity that can take place any time and anywhere thanks to technology. Organizations must take advantage of this opportunity to attract and retain the best talent to create a culture that enables this new style of working. This way, employees are empowered to take ownership of their organizations and careers, improving productivity and benefits for consumers. Productivity is attainable from wherever an employee decides to work.
Security At the Speed Of Business
Many times, businesses feel the need to accelerate their rates of innovation and offer fairly open access to employees, vendors, clients and customers. However, they run the risk of overlooking security flaws and exposing very sensitive data. Currently, it is critical for organizations to streamline their security processes to ensure that systems are challenged, tested and upgraded on an ongoing basis.
This rapidly growing digital era gives businesses more access to opportunities like never before. Now leaders can create and execute plans in a swift, informed and productive way. It is easy to make life easier for both consumers and employees. At the same time, increased access to information means that security needs to be up to par to protect private data. Businesses are expected to be more transparent and are completely responsible for the data that they choose to collect and utilize. If businesses are up to this task, they can advance at rapid rates utilizing the insights they gained from large, accessible amounts of information.
The Digital Transformation Playbook is a report and 5-week series from BMC and PSFK Labs that identifies the opportunities and challenges that traditional companies face when transitioning into a digital enterprise. The comprehensive study provides a roadmap to help high level decision-makers determine where to begin, what to do and how to follow through. Download the full report here and check back daily for exclusive content on the strategies, technologies and services that are helping businesses keep up with ever-evolving demands of the marketplace.