How To Develop A Digital Transformation Strategy That Works With technology playing a dominant role in just about every aspect of operations for businesses of all sizes, digital transformation is a more urgent topic of discussion than ever, it can get wildly expensive, incredibly fast. What can businesses do to increase the chance the money they invest in technology will actually drive the return they expect, with a budget impact they can manage? 5 Tips to Develop a Digital Transformation Strategy That Works 1. Build a concurrent plan to update your processes and technology. Build a concurrent plan to update your processes along with your technology. Don’t hamstring powerful new hardware and software with processes optimized for old technology 2. Get your partners on board. Get your partners on board. Technology vendors and finance partners aren’t there just to facilitate your technology plans – the best ones will help you reach your goals in a more effective and affordable way than you may have come up with on your own 3. Focus on using technology rather than owning it. Focus on using technology rather than owning it. Technology assets often depreciate quickly, and end-of-life management costs can add up rapidly. As you plan, talk to your finance provider about alternatives to paying in full to own technology assets when paying only for what you use could be a smarter option 4. Rightsize your solution Understand that there is no endpoint. Digital transformation might be better called digital evolution because it’s always going to be on your to-do list, requiring an approach that’s built around continual investment 5. Understand that there is no endpoint. Rightsize your solution. Find the Goldilocks zone between spending on capabilities you don’t need and scrimping on technology only to find it holds you back and turns obsolete fast Contact us to learn more: 202.293.5003 x4 sales@madwolf.com