Digital Transformation: how do you know if you are doing it right?

> Key indicators to evaluate your transition to digital processes
Implementing technology into your processes or digitizing your management requires key indicators to measure whether your business is benefiting.
In any strategy that is designed, it is essential to choose the indicators of success of the objectives set. The KPIs ( Key Performance Indicator) is the unit of measurement used to measure the extent to which we were able to achieve the goals set out in the initial strategy.
A Digital Transformation strategy is part of the progress of every company today and this process has its own indicators. How can a company measure if its digital strategies are being successful? Below, we want to share with you which KPIs you should measure to know if your company is getting closer to success.
1.- How much is your return on digital investment
It is important to consider both the value that particular digital initiatives bring and the impact they have on your overall processes. Sometimes, the impact can be direct or simply getting ahead of the competition: it all adds up!
2.- How much of the annual budget is allocated to digital innovations?
How much of your company's budget is invested in digital innovation determines how much you are betting on adding value in the digital transformation of your company. This indicator gives you the guideline to weigh whether you are too comfortable in your comfort zone.
3.- Time you invest in applying digital processes
If your company is applying technology to different areas of your business, calculating the time these transitions take is a key indicator of whether you need to make adjustments to speed up processes or observe which factors related to your structure are slowing down the transition in order to modify them.
4.- What are the incentives that the team working with digital processes is receiving?
If digital transformation is the goal, it is not enough to look only at the implementation process, but also at the team behind the day-to-day. Motivation is also an indicator of success: the more our team is committed and enthusiastic about the transformation they are executing, the more assured we are of reaching the objectives set.
5.- Quality of your company's digital talent
The ability to attract and retain skilled digital and technology talent is crucial to ensure long-term success in this increasingly digital age. Skilled and strategically selected personnel for digital transformation is one of a company's greatest assets .
By closely monitoring these indicators and being able to weight them regularly, a company can assess the impact of its Digital Transformation in order to make relevant decisions and, in this way, accelerate, adjust and improve the transition process or strengthen its implementation.
At SkyTel we are specialists in applying technology to your company's processes to enhance the service you offer to your customers. If you are interested in learning more, leave us your contact information. here to arrange a virtual meeting with one of our representatives.
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