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Three Topmost Approaches for Digital Transformation to Foster Innovation

By Umme Sutarwala - September 14, 2022 4 Mins Read

The capability to turn concepts into practical goods and services that have a genuine impact might be hampered by obsolete systems, ways of thinking, and procedures. Many enterprises are stepping up their digital transformation initiatives because they wish to get rid of their antiquated methods of operation in order to be more creative in today’s fast-paced, disruptive markets.

Everyone aspires to be perceived as innovative. Innovation conjures individual ideas of exciting, dynamic businesses that operate quickly, produce excellent outcomes, and make everyone happy (both employees and customers).

Innovation consistently ranks among the top priorities for firms, which is not surprising. According to a Boston Consulting Group report, 75% of organizations ranked it among their top three priorities in 2021, an increase of 10% from the previous year.

What then is stopping them? It’s frequently their strategy for embracing digital transformation. Alternatively, it’s their method of employing technology. Many businesses will purchase a product, develop a capacity around it, and then search for an exact problem that it answers. They apply the solution once they identify the issue. Then, the process is repeated.

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For instance, the number of automated jobs is frequently discussed. But many individuals fail to notice that this refers to tasks rather than positions when talking about jobs. According to McKinsey, 60% of all vocations can have around 30% of their tasks automated. That indicates that a significant portion of people’s workloads will shift as a result of automation. Consequently, their jobs will evolve. But until the jobs are automated, IT leaders cannot forecast what the nature of their roles will be.

This lack of visibility is what prevents companies from seeing actual value. They must alter their strategy in order to resolve this. They can achieve their goal by using these three steps to the successful invention.

Use a top-down approach

A lot of enterprises today use solutions and then search for problems that fit them. That needs to be reversed: They should first identify an issue or opportunity and then come up with a solution, whether they buy it, make it better, or develop a new one. To realize value across the entire organization, this is essential.

Low- and no-code strategies

Breaking down the boundaries that prevent different functions from cooperating is another aspect of thinking holistically.

Traditionally, deploying technology has required a large amount of technical expertise, and aligning business and IT can be challenging. Cross-functional teams can be created using low- and no-code tools to help implement solutions that are compatible with the organization’s tech stack and satisfy business objectives.

People with various skill sets can collaborate in these fusion teams to share experiences and provide new insights. In periods of technical skill shortages and increased demand for IT expertise, it also aids in maintaining pace.

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Think holistically

When thinking holistically, problems are approached as a whole rather than as discrete problems. Businesses cannot start to see more incremental value until they consider how issues and their solutions relate to one another. To put it another way, addressing more difficulties concurrently or seizing more chances will yield better results than addressing each problem separately.

Many firms are already far along in their journey, whether focusing on automation explicitly or taking a more general perspective on digital transformation. Their inability to go beyond specific problems and adopt a more end-to-end perspective is what prevents them from being truly innovative.

To get there, individuals must alter their viewpoint so that they begin with the challenge rather than the problem. The widespread use of low- and no-code technologies presents enormous opportunities for organizations to adopt a comprehensive approach to their technology deployment, team structure, and idea generation. Organizations won’t be able to begin gaining more benefits from being genuinely innovative until they take these actions.

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AUTHOR

Umme Sutarwala

Umme Sutarwala is a Global News Correspondent with OnDot Media. She is a media graduate with 2+ years of experience in content creation and management. Previously, she has worked with MNCs in the E-commerce and Finance domain

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