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Digital Transformation - A Strategic Structure for Implementation (Paperback)
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Digital Transformation - A Strategic Structure for Implementation (Paperback)
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With the advent of digital technologies, society is reshaping
itself radically. In the last decade, digital technologies have
brought fundamental changes in the industry and business
environment. The holistic socioeconomic and industrial changes are
a result of general-purpose technology aspects of digital
transformation, which are rare and have inherent capabilities of
self-transformation to bring long-term benefits across the entire
global business environment. After the steam engine, electric
generator and printing press, the recent development of digital
transformation has created an opportunity with extensive
sustainable and incremental influence for disruption and
renovation. However, the most important difference between digital
transformation and the previous general-purpose technologies such
as steam engines and electric generators is the pace of
technology's penetration across the globe. To cope with the
accelerated speed of global digitization, the digital
transformation process should be accepted, adopted and adapted
across society and business utilizing a multi-dimensional strategy.
This book illustrates a strategic structure that covers Digital
Challenges for Industries, Applicability for Digital
Transformation, Digital Transformation Framework, People and
Organization Structure, Capability Delivery Activities and Life
Cycle Benefits. How will businesses embrace digital transformation?
How will organizations formulate a digital transformation strategy?
How will they invest in digital technologies? To answer these
questions, a strategic structure is created which can provide
guidelines to businesses to create a framework for digital
transformation that includes strategy, process, governance and
funding. The exponential growth in data capacity (storage, process
and communication) due to rapid digitalization has created infinite
opportunities and different dimensions to businesses. Digital
platforms have enabled alternative business models by
deconstructing the traditional value chains. Agile concepts driven
by design thinking have brought innovative perspectives with an
environment of boundless disruption. To run a company with
sustainability and manage disruptions more consciously, the
adoption of a digital platform with an appropriate strategy is the
only viable option. Digital transformation (DX) goals and
strategies should be in line with a company's business objectives.
The strategic structure explained in the book is a global framework
that can be adopted by any profit or nonprofit organization. Like
any other transformational process, digital transformation has
created structural tension between "old" and "new". In this
tension, employees play a large role and their clarity of thought
regarding the transformation process is of paramount interest. To
overcome this tension, companies need to orient as learning
organizations, which will provide opportunities for growth in an
ambidextrous environment, embraced with a digital ecosystem. The
book explains how the structural tension between old and new can be
mitigated by effectively involving all stakeholders in the
transformation process.
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