If you want to lead your organization through digital transformation, the first step is understanding the realities of digital transformation. In this SlideShare we use excerpts from a few, prestigious industry reports/white papers to dispel a few myths.

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DIGITAL
TRANSFORMATION
MYTHS
Digital Transformation – a reality check
before biting the bullet

2. Introduction
You have been hearing about Fourth Industrial Revolution. It’s probably the hottest topic for businesses,
thought leaders, policy makers, scientists and of course technocrats.
Klaus Schwab
Founder, World Economic Forum
The First Industrial Revolution used water and steam
power to mechanize production.
The Second used electric power to create mass
production.
The Third used electronics and information technology
to automate production.
Now a Fourth Industrial Revolution is building on the Third,
the digital revolution that has been occurring since the
middle of the last century.
It is characterized by a fusion of technologies that is blurring
the lines between the physical, digital, and biological
spheres.
Click here to read the full article: Digital Transformation – a reality check before biting the bullet
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KLAUS SCHWAB
He makes a very important, Neither technology nor the
disruption that comes with it is an exogenous force over
which humans have no control.
All of us are responsible for guiding its evolution, in the
decisions we make on a daily basis as citizens, consumers,
and investors.
While Digital Transformation as a term is still
misunderstood, today, digital transformation as a business
imperative is widely agreed upon. What then is digital
transformation in practice? Is it an IT project?
Founder, World Economic Forum

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As an organization if you are looking to embark
on the digital transformation journey or trying
to stay away from it, there are still a few myths
around digital transformation that you need to
steer clear of. If you want to lead your
organization through digital transformation,
the first step is understanding the realities of
digital transformation — rather than getting
carried away by the hype.
In this powerpoint we use excerpts from a few,
prestigious industry reports/white papers to
dispel a few myths.

5. Your Company Name 5
Digital is a fad; a trend
that my business need
not think about
Digital has transformed the market context for every business,
and the pace of change is accelerating.
The WEF White Paper says – There is widespread recognition
among leaders in most industries that the role of digital
technology is rapidly shifting, from being a driver of marginal
efficiency to an enabler of fundamental innovation and
disruption.
Digitalization is the cause of large-scale and sweeping
transformations across multiple aspects of business, providing
unparalleled opportunities for value creation and capture.
Business leaders across all sectors are grappling with the
strategic implications of these transformations for their
organizations, industry ecosystems, and society.

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Customer experiences
powered by new
technologies
Digital has impacted not just channels and customers. It is
disrupting organizations from within – changing the way they do
business.
It speeds time-to-market, reduces costs, and unlocks new
revenue streams.
Forrester Report says – Digital business isn’t just about customer
experience; it’s also a way to drive operational agility.
Digital operations can increase speed-to-market, make
employees more productive, promote learner processes, and
maximize asset utilization.

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Let me build an app.
My digital
transformation is
done.
Digital transformation is not about introduction of a few tools
that are geared to change a particular facet of your business, be
it employee collaboration or customer transactions.
Forrester Report says
- Digital fundamentally changes your relationship with
your customers. You can’t address this change with a
bolt-on digital strategy that adds an app here or a site
there.
- Re-envision your business not as a set of products and
services but instead as a part of the personal value
ecosystems that your customers assemble according to
their needs and desires.

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Digital Transformation can only occur
through disruptive technologies
Every digital transformation exercise need not take the
examples of Uber and Airbnb in terms of the use of
emerging technologies.
The technology stack that you would use depends on your
business context; and technological leverage is just one part
of digital transformation.
Sometimes, you may achieve significant enhancement of
productivity, agility and customer-centricity through the
use of tried-and-tested operational technology and strategic
technology or mobility.

9. Your Company Name
A truly digital enterprise stands for more than just using new
technologies for the sake of it.
Rather, what truly distinguishes and gives a digital enterprise its
competitive advantage is its culture, strategy and way of operating.
Digital enterprises strive continuously to enable new and leaner
operating models underpinned by agile business processes,
connected platforms, analytics and collaboration capabilities
that enhance the productivity of the firm.
A digital enterprise relentlessly searches out, identifies and
develops new digital business models, always ensuring that
customers and employees are at the center of whatever it does.
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WEF White paper says

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I need to get DT
done this year
so I am not
falling behind
Digital Transformation cannot be and need
not be a sprint. It is a long journey with
multiple touch points and milestones;
dependencies and synergistic endeavors.
Forrester Report says – You need to
transform your business by applying digital
thinking across everything you do — how you
win, serve, and retain customers; how you
operate your internal processes; and how you
source business services.
Click here to read the full article:
Digital Transformation – a reality
check before biting the bullet

11. Digital transformation for your Business
For example, your answers to the below questions alone will help you craft a roadmap that takes digital
transformation beyond the realm of IT.
Example Questions
1. Have you identified areas in your business where
automation is most relevant?
2. Is your existing workforce consistently improving
productivity and quality?
3. Which steps have been taken to convince your investors
about your digital vision and the long-term value-creation
of your digital transformation journey?
4. How much of your revenue is coming from new sources of
digital business?
5. Does your company leverage analytics around customer
data, operational data, and compliance?
6. Do you have a digitally literate leadership team?
7. How are you empowering employees through digital
channels to enable faster decision making and encourage
greater agility within your organization?
Click here to read the full article: Digital Transformation – a reality check before biting the bullet
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If you are looking for a technology partner
who understands the digital
transformation landscape from diverse
perspectives and bring in a rational,
long-term impact based approach – talk to
Hakuna Matata.
App Development Company
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HAKUNA
MATATA