For enterprise leaders who have already begun to work on their digital transformation initiatives, it is crucial that they address all factors that may increase their challenges at a later stage.
In today’s dynamic enterprise environment, the role of enterprise leaders is evolving at an unprecedented pace.
According to a study conducted by Deloitte, the scope of tech leaders will have to be increased in order for enterprises to recognize opportunities offered by new technologies as well as push their implementation. Hence, enterprise leaders, particularly CEOs, will have to brace and actively assume the roles and responsibilities of digital change agents and digital enablers.
Furthermore, they will have to develop a deeper engagement with their CFOs in decisions related to technology implications. Moving forward, the C-suite executives will need to learn how to effectively manage risk and effectively navigate the crisis while finding effective solutions to tackle their existing fragmented technology platforms.
Below are three key factors that the enterprise leaders must consider addressing, to successfully lead their digital transformation initiatives in 2021:
Collaboration among the C-suite executives
In 2021, enterprise leaders must take steps to bolster their digital culture. Hence, it is critical that they continuously engage and collaborate with their C-suite counterparts as well as bring multiple and dispersed stakeholders together. Not only do the leaders have to seamlessly process their efforts, they also need to address and cope up with the crucial ethical concerns.
Crafting a Digital Culture
As mentioned in the previous point, the need for creating fool-proof digital technologies will help the enterprises to efficiently develop internal organizational processes resulting in exceptional outcomes for their stakeholders and customers.
Enterprise leaders must establish a foundation to follow the purpose while educating their employees on the overall mission and vision of the enterprise. Though digital technologies enable enterprise leaders to tackle complex issues while minimizing their operational costs, they will have to frequently evaluate and verify the suitability of the tech tools at their disposal. They should proactively take actions and measure steps to help their employees internalize and integrate these processes. By taking such measures, enterprise leaders can build a strong foundation for digital culture.
Prioritize data ethics and security
The continuously accelerating digital transformation journey coupled with the usage of enormous amounts of big data and cutting edge technologies cause great ethical concerns among IT leaders. Not implementing effective data practices can tarnish an enterprise reputation and can decrease trust among the customers. Therefore, enterprise leaders will have to ensure they are setting guidelines and practices while considering both national and international data security policies.
Succeeding in their digital transformation initiatives in 2021 will require enterprises to be continually open to suggestions and experimentations. Also, by giving the required attention to the above factors, enterprise leaders not only will be able to strengthen their relationship with their employees but also will be able to distinguish themselves from competitors.