Digital transformation will look different for every business; it can be hard to pinpoint a definition that applies to all. However, in general terms, we define digital transformation as the integration of digital technology into all areas of your business resulting in fundamental changes to how your business operates and how you deliver value. Beyond that, it’s a cultural change that requires organizations to continually challenge the status quo, experiment often, and get comfortable with failure. This sometimes means walking away from long-standing business processes that companies were built upon in favour of relatively new practices that are still being defined.
At Fintal our Advisory team can determine your businesses readiness for digital transformation by reviewing the following.
- Scale and proposed reach of your DT.
- How adoptive your business has been of technology and digital progression.
- Your barrier to entry for digital transformation.
- Your desired view for change.