By Litcom Team | Comments are Closed
Many organizations have a documented business strategy which serves to guide their business decisions. An effective IT strategy is also an important
DIGITAL TRANSFORMATION
As COVID-19 continues to spread across the country and around the globe, the ripple effects caused by the virus have been far-reaching.
Particularly, a rising question for businesses is what the pandemic will signify for the future of digital transformation. Offices nationwide have been closed indefinitely and workforces are required to go remote with very little time to prepare. Organizations are thinking about their digital transformation initiatives now more than ever.
Digital Transformation as an Effective Crisis Response
Even before the COVID-19 pandemic was on anyone’s radar, most businesses recognized the importance of digital transformation in order to enhance their ability to survive and grow in our increasingly digital society.
Although a number of organizations haven’t always felt the pressure to make digital transformation a top priority, it’s become a necessity given the majority of employees are now forced to isolate at home for the foreseeable future. This need to virtualize work due to Covid-19 is driving digital transformation and deepening differences across people and across firms at an incredible rate. In a period of days, almost any process that could be rapidly digitized has been virtualized — think of video conferencing enabling a case discussion and telemedicine enabling remote diagnosis and treatment.
WHAT WILL DIGITAL TRANSFORMATION DO FOR YOUR BUSINESS?
At Litcom, we help clients respond to any major crisis, with services including:
Enterprise crisis programs;
Effective communication to stakeholders;
Recovery programs; and
Delivery and implementation of strategy from a business and technology view.
We work collaboratively with you to create a deep understanding of the risks and opportunities presented by new emerging technologies and think creatively about how you can use these technologies to improve business performance. Drawing on experts in data and analytics, technology, internal audit, business process, risk and compliance, as well as change management, we tailor teams of professionals to fit the specific requirements of your transformation program. These professionals work side-by-side with you at any or all stages of a transformation program, delivering confidence that the people, processes and technologies involved converge to create value in the future.
LITCOM’S DIGITAL SOLUTIONS OVERVIEW
Digital transformations generally seek to accomplish one or more key objectives. These include:
Exploring and creating new ways to build strong relations with customers;
The digitization of products or services which involves launching new, enhancing existing or exploring new business models for products or services;
Enhancing business analytics and decision science to improve decision making; and
Creatively using technology to improve operational performance.
We have experience collaborating closely with clients to help them achieve their business objectives in a variety of ways. Since each transformation is unique, we tailor the following competencies to fit your organizational strengths and needs.
DIGITAL TRANSFORMATION GOVERNANCE, STRATEGY & EXECUTION
We help you ensure that digital transformation programs are established, well defined, set up for success and executed effectively. This includes providing technology readiness assessments, program and project management support, project assurance and change management/enablement. In addition, we deliver a range of services for cybersecurity and privacy, as well as data architecture, analytics and reporting.
FUNCTIONAL TRANSFORMATION & IMPROVEMENT
We partner with you to discover how technology can reinvent finance, information technology, business operations, procurement, risk management and audit functions. We provide experts in each functional area with technology and change management professionals to help you improve or transform your business.
ENABLING AN INNOVATION CULTURE
We provide an objective view to help you remove the unnecessary barriers to innovation and change that exist in your organization. This includes helping you establish governance of your digital investment portfolio, assessing and developing your innovation culture, building “fit-to-purpose” policy frameworks and designing and delivering training and awareness programs.
NEW TECHNOLOGIES ASSESSMENT & IMPLEMENTATION
We support your decision processes on when and how to embrace new or emerging technologies. While the landscape is always changing, we help you understand the opportunities and implement programs to leverage new areas.
THE FUTURE IS DIGITAL
Digital transformation offers a way to keep your business operationally healthy, while ensuring you maintain communication and collaboration within teams and across all areas of your organization.
Digital transformation is first and foremost a business transformation that impacts organizational structures, activities, processes, competencies, cultures and business models. Digital transformation is driven by an ever-changing customer landscape that is highly connected and digitally savvy. Litcom’s digital transformation services are designed to enable companies to fully leverage digital technologies to support their business transformation and create impactful customer experience. Contact us for more information.
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