Business Success Through Digital Transformation

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Presentation Description

Companies wanting to remain competitive in the digital era and beyond are leveraging heavily into workflow technology and process automation and transforming the role of the project manager in the process.


Presentation Transcript

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© 2011-2019 Orangescrum Research Lab San Jose California | 1 Business Success Through Digital Transformation Better adaptability has been the key to survival in every field in life and business. History has full of stories of civilizations of those who have become extinct because they could not cope with the challenges of time. And those who survived evolved and transformed. The same is the need of the day. Technology is reshaping business in various ways and the overall concern is that companies without the latest technical adoption will soon be left behind. This fear is not baseless. "Digital is approaching a tipping point. Over the next five years companies will begin to see digital affect the majority of their revenues."

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© 2011-2019 Orangescrum Research Lab San Jose California | 2 With the adoption of Global Free-Tradepolicy the pressure to digitally transform the business is greater than ever before but the transition from traditional model don’t always deliver the benefits to the business as promised. Digital transformation is part of every aware enterprise’s vision and mission to succeed in the 21 st century. It is not only about adopting the latest technology to make work easier but to produce deliver and enable customer success at a rapid rate while enabling a productive workforce. Let’s talk how companies are evolving their businesses using technology to drive revenue and innovate at the point of the consumer. Key takeaways: 1. Keeping Everything in One Screen- Managing a widely spread out team is a big challenge for project managers. Traditional systems don’t allow a single screen visibility of the happenings. Digital transformation helps to keep all team associates on the same page-making things happen interactively. Each team member knows exactly --what’s going on what they need to do and where their work is focused. You can bring all your team and client dialogue about any task on a single page to avoid digging through long email threads. A single page dashboard is enough to keep you up on daily events and progress. 2. Availing efficient and strategic communication The modern digital technology is restructuring project management cross-team communication process in a big way. Traditional tools like email aren’t designed for real-time dialogue. To the team these tools pose difficulty and unyielding when it comes to collaboration. You won’t get important information easily as they are hidden within endless email trails.

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© 2011-2019 Orangescrum Research Lab San Jose California | 3 Whereas Collaborative work management software helps colleagues across departments to engage connect and interact in real time significantly cutting down on email muddle. This provides better insight and saves time to invest more in productive activities. Aside from increasing the efficiency of intra-work communication these smart technologies are developing its effectiveness as well. As team members stay in the same digital platform their attention on project strategy remains focused and more aligned with the shared objectives. More man-hours are available for the work force. Delivery can be done faster than expected. You get more time to review work progress.Even surplus resources can be repurposed to support an increasing project pipeline. 3. Developing Collaboration within teams. The disruptive work management technologies are making it easier for teams to collaborate perfectly with the help of more strategy-focused communication. Stakeholders executives decision makers and team members all can organize dashboards add comments assign tasks check and approve assets and take decisions just about everything else related to the projectall in one page. Collaboration and transparency in exchanges eliminates conflicts-helps foster a cooperative synergistic environment. This inevitably leads to a greater sense of shared ownership from teammates and that as they say is where the magic happens. When teams feel they are part of a collaborative effort they tend to show greater engagement better efficiency. Project team members take ownership and become committed to the task than ever before.

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© 2011-2019 Orangescrum Research Lab San Jose California | 4 A committed worker hardly thinks of leaving the workspace for new pastures ultimately a gain to the company. 4. Adding Automation to the Process. Digital transformation automates functionalities enables seamless workflows and helps make the entire process more agile. Task allocations get scheduled which leverages Project managers to focus on strategy optimization and fasterproject delivery. Agile follows an iterative process where projects are split into sprints of the shorter length. Less time is spent on upfront planning and prioritization as agile is more flexible in terms of changes and developments in the specification unlike the traditional approach. As more companies across every vertical and industry adopt digital transformation in their organization project managers will be viewed more as strategists in their organizations. As process is automated the focus will be on improved results and faster delivery times. The project managers will align each project with their business’ strategies and goals with the help of smart tools. When managers get full visibility on all aspects of their projects budget resources and traits—they can deliver more successful results in the process. 5. Guaranteeing Better Performance and ROI Now digital tools are adding analytical technology to make data-driven decisions break down patterns and trends to meet latest demand in complex andbig infrastructures. What is humanely not possible in a short term is being handled by AI and more intelligent tools. With global spread out businesses the C–suite can now monitor and predict project outcomes and success rates with better accuracy and confidence. The access to deep data analytics will assist top executives and stakeholders to avoid pitfalls and take better-informed decisions quicker and easier than ever before.

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© 2011-2019 Orangescrum Research Lab San Jose California | 5 Besides this interactive analytic data help PMs to keep their projects on track and on budget with real-time cost and resource reports. In-depth data sets can also be easily broken down for making better assessment of future activities. The stakeholders and management can have precise insight into business impact and ROI on every project due to better risk assessment and mitigation plus avoiding known mistakes form prior projects. Are you ready for digital transformation Don’t stop here know more: With its new CEO Microsoft began its digital transformation in 2014. In last five years the growth has been phenomenal. Microsoft’s stock has increased awhopping258. And earlier this year the company became just the third to get a 1 trillion market cap. As it happens companies wanting to remain competitive in the digital era and beyond are leveraging heavily into workflow technology and process automation — and transforming the role of the project manager in the process. "Digital is the future of business. Every legacy company and any physical company every one of them has to be digitized. Its a journey must be done not doing it is more risky than taking the risk of doing it." Dr. Ram Charan. Now it’s your turn digitize and excel.

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