Is digital maturity the sophisticated way to run your business?

10/04/20185 Minute Read

Is your business pursuing digital transformation? Wait, what does that even mean? It conjures images of adopting the latest gadgets and keeping up with the Joneses on the other side of that digital fence. Or, maybe your company is truly allowing technology to inspire new ways of doing business.

Either way, the hype surrounding digital transformation may be getting in the way of business progress. The concept of digital maturity is a better way to think about how businesses can adapt to today’s digitally enhanced landscape—you know, once it gets demystified.

Transformation vs. maturity

Digital transformation is a loaded term. Although, it’s meant to describe a company that successfully adjusts to the changing business environment and makes the most of the golden opportunities within it, the word “transformation” implies that cutting-edge technology is a magic wand IT leaders can instantly wave to make everything work perfectly. Then, everyone can smile in satisfaction and get back to business as usual. Or, cringe and struggle in the wake of failed technology innovation—a major liability when a business has this mindset about technology.

Tech pros know getting the business to embrace a strategic digital approach can’t be accomplished in such a transitional way. It’s complicated—and often requires more cultural change than most folks assume. That’s why it’s useful to think of this endeavour in terms of digital maturity, which is more expansive in scope than implementing a single piece of technology.

According to MIT Sloan Management Review, “Digital maturity is the process of your company learning how to respond appropriately to the emerging digital competitive environment.” This viewpoint assumes the business will undergo continual evolution similar to the way humans do over the different stages of their lives.

Understand the digital maturity lifecycle

Of course, there are other technology maturity frameworks out there already, all with easy-to-follow indicators for how to get from point A to point B. By contrast, the digital lifecycle takes a more gradual and holistic approach. Just as a child slowly grows into an adolescent long before reaching adulthood, so too, does a business. You can’t leapfrog across any stage of maturity when it comes to evolution. You may not necessarily even know what maturity looks like for your organisation early in the process, but that’s fine.

Your business will learn (as it adjusts to the changing environment around it) how to respond—and, in doing so, it will start maturing. This will require organisational leaders, as well as managers, to keep a close eye on digital trends, so the business can decide how to adapt to them. It will also demand your business considers how its customers, partners, employees, and competitors use digital technologies, so you can adapt to those changes. You may need to brace yourself for gritting your teeth in frustration, because these may be changes your business neither wanted nor asked for, but evolution insists on a response nonetheless.

Evolve toward maturity

What are the hallmarks of an organisation on its way to becoming digitally mature? First of all, it has a digital strategy that includes business processes, talent engagement, and business models. It should be broad and ambitious in scope, aimed at transforming the business as a whole rather than narrowly focusing on one particular element of technology. This digital strategy must also be championed by top leadership, ideally not just by a technology professional or a single leader, but multiple high-level staff who are digitally fluent and can articulate how technology can add value to the company.

All this requires an institutional readiness to change, which requires a willingness to take risks—and that’s easier said than done. As the old adage goes, “culture eats strategy for breakfast,” and businesses seeking transformation can find themselves stalled if they refuse to change their legacy culture in favour of a more innovative, risk-tolerant one. To surpass this common barrier, leaders will need to embrace failure as something that’s normal and healthy in the pursuit of future success. What’s more, they’ll need to consistently support their employees in trying and failing as they engage in greater risk-taking. This is a crucial part of organisation-wide learning and adaptation at all levels.

Create the momentum for transformation

Motivation and encouragement can create the momentum needed to continually evolve. Businesses should create organisational buy-in around the idea of digital transformation by telling compelling stories about ways in which they have successfully demonstrated it. For example, a company that leveraged managed print services to transform its business workflows and enhance its security could circulate a story of how it achieved this success and helped the business adapt to a changing environment. Or, a business that used data insights to better understand how its customers used the company’s mobile app could identify new business opportunities—or even new business models—to pursue. Both stories could build employees’ confidence and inspire them to innovate further.

Managers must actively foster digital innovation among their staff and invest in the skills training necessary to make this possible. Here, too, the process must be thought of as holistic and evolutionary rather than transitional and limited to a specific area of either the organisation or a one-off initiative. Consistency is key; it requires serious commitment from leadership, as well as staff, throughout the business. The good news is employees absolutely want to be a part of this kind of digital transformation. They just need the right support and development to make it happen.

Businesses have an exciting opportunity to transform their businesses, truly innovate how they deliver products and services to their customers, and adapt to the continually changing digital economy. By evolving to become digitally mature, they can adapt to the current changes and disruptions in the market, as well as future developments that haven’t even been dreamed up yet.

Anthony Caruana 06/11/2018 4 Minute Read

Achieve sustainability with some simple process optimisations

Small process optimisations can help your business achieve sustainability while delivering value to customers and shareholders. Here's how.

Anthony Caruana 17/10/2018 4 Minute Read

5 sustainable printing practices every business should follow

Sustainable printing practices can make a surprisingly large impact on your organisation's environmental impact. Here are five tips to get you started.

Iris Leung 25/09/2018 4 Minute Read

Remote work + mobile devices = cybersecurity disaster?

Remote work is on the rise, which can create security issues via mobile devices. Learn what steps you can take to safeguard your data on the go.

Leave a Comment

Your email address will not be published. Required fields are marked *