Technology

6 Widely-Circulated Myths About Digital Transformation

Technology continues to dominate businesses, and being ready to move to the latest innovations can help enterprises expand their bottom lines. Unfortunately, too many companies trust the myths about digital transformation and choose to stick with their old, outdated systems. Here are six debunked myths that could be holding you back from a gratifying digital transformation.

Digital transformation has to be a slow-moving process

This myth is far from the truth. These days, nothing moves faster than technology, including installing and integrating new platforms and architectures. For example, businesses can speed up their digital transformation by embracing Kubernetes management tools like these. Another proven method for speeding up changes is by using automation for resilience.

Businesses that trust their employees can also speed up their digital transformation process. Employees who feel trusted are more likely to take successful risks than avoid them for fear of retribution. There’s no shortage of both human and machine helpers that can speed your digital overhaul down the line.

The chief officer is responsible for any successes or failures

While it might seem counterintuitive to who receives the reward or the blame, the chief officer has little to do with any digital changes. Digital transformation happens at a significantly lower level, where managers and employees deal with the day-to-day choices and steps. Digital transformation flows from the bottom up, meaning that entry-level employees will be on the ground floor for means-testing new implementations.

Digital transformation is expensive

The cost of digital transformation depends on how much companies spend on it. Budget-savvy businesses can control their costs by focusing on the more affordable aspects of the process. Before making significant changes, IT employees should take time to inventory what they have, then use the information to determine what needs upgrading or replacing.

Companies looking to save money can also turn to cloud-based technologies to reduce server management overhead.

Small companies cannot invest in new digital technologies

This misconception is also far from the truth. Companies of all sizes can invest in digital transformation, as cloud-based services and subscription services can help reduce costs. These products have pricing packages for businesses of all sizes.

When small businesses invest in technology, they can better scale and reach new customers. Digital transformation also allows companies of all sizes to embrace work-from-home strategies that help employees stay productive in unexpected circumstances.

Employees leave after companies transform

In general, companies do not lose their employees after they move through digital transformation processes. Instead, companies that take time to include and train their employees to work with the new systems have more buy-in and loyalty from employees.

On the flip side, companies that do not involve their employees in major digital decisions are more likely to have more employee turnover.

Digital transformation needs to be extreme

Companies can make their digital transformation as big or as small as necessary. In some cases, digital transformation can be as small as adding an AI bot or as large as completely transforming the bookkeeping system.

Wrap up

Understanding the myths helps decision-makers choose what to do with digital transformation. Companies need to do what is best for their bottom lines, employees, and customers rather than listen to the myths about the cybersphere.

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