Digital transformations are happening worldwide. For organizations to lead successful transformations, they must make strategic decisions to reinvent and Modernize their Culture, Operating Processes, and Core Technology infrastructure.

Focusing solely on upgrading technology without addressing these other pillars will not add value. True change requires a broad strategic vision at the executive level coupled with exceptional tactical execution.

Steps for a successful Digital Transformation

1. Develop an clear strategic and tactical objectives on what and why the organization wants to accomplish AI based transformation . Example – Reduce Costs , Increase Revenues
2. Strategic partnership with ecosystem partners
3. Commit to using data and analytics for making business decisions and optimizing entire business processes.
4. Create a Modular , Flexible IT Architecture and integrate AI into existing workflows
5. Build Cross-functional solutions across the organization
6. Create an AI Governance, AI Project /Program Organization and Leadership Structure
7. Develop and Staff Center’s of Excellence (COE’s)
8. Invest and Build Continually
9. Continuously train and build the AI models with new sources of data
10. Repeat

#DigitalTransformation #HBR #StopTinkeringWithAI #AIforBusiness

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