Why Do Entrepreneurs Need A Digital Transformation Strategy
                     Why Do Entrepreneurs Need A Digital 
Transformation Strategy?

Your growth may be sparked, your performance can be increased, and your earnings can rise 
quickly.
There is a lot more to digital transformation than simply providing staff with the latest technical 
gadgets. It entails altering your organization's culture to leverage data and technology to hasten 
decision-making, improve customer service, and make more informed judgments. Adopting a 
mindset of continuous innovation and quality improvement is a crucial part of the process.
The Trends & stats for the adoption of Digital Transformation are mentioned below. (ref: 
https://quixy.com/blog/top-digital-transformation-statistics-trends-forecasts/ )
• The worldwide digital transformation market is predicted to increase at a CAGR of 16.5% 
from $469.8 billion in 2020 to $1,009.8 billion by 2025.
• By 2023, $53.3 trillion in GDP is anticipated to be contributed by firms that have undergone 
digital transformation.
• Markets & Markets predicts that the digital transformation market will expand from $521.5 
billion in 2021 to $127.5 billion in 2026, with a compound yearly growth rate of 19.1%.
• According to DC, at least 90% of new workplace apps will use AI technology in their 
processes and end products by 2025.
    
What is Digital Transformation?
By utilizing technology, digital transformation may alter how you do operations. It represents a 
significant cultural shift in the manner in which you communicate with your clients.
Businesses that launch an endeavor to change their businesses digitally will develop a culture 
that welcomes innovation and transformation, integrate digital technology into every element of 
their organization, and alter or create new consumer experiences and business processes.
8 Steps which Lead to Digital Transformation
1. Increase the urge to act- 
Why is transition so important? Why is it crucial to the company? Consider not just why you 
must change, but also what you must do right away. What harm will it do to delay too long?
2. Construct a Guiding Alliance- 
Put together a group that can lead the transition. This is not an IT-specific or one-person job. 
Every division and level are involved. To get buy-in from all organizational levels and 
departments, make sure your coalition is diverse.
3. Establish a Strategic Objective-
Organize your activities around a distinct vision and plan. Companies frequently use the term 
"digital transformation" without fully understanding what it refers to. In a few minutes, your 
leading coalition should be able to sum up the vision. What the business will look like in the 
future and why it's important should be included in your vision.
4. Promote the Vision- 
Utilize all of your available channels of communication to keep staff members informed and 
inspired.  Don't forget to describe your vision and provide project updates.
5. Eliminate Obstacles to Encourage Action-
Making your shift as simple as feasible can hasten it. Therefore, the leadership must remove 
any obstacles, including those related to procedures, budget, training, and staffing.
6. Create quick victories- 
You won't change in a day. It will take a while. Divide the shift into more manageable goals, and 
rejoice when you reach them. Mini-milestone celebrations help the initiative gains momentum.
7. Continue to accelerate- 
You must get momentum and persevere. Keep an eye on your transformation and make 
adjustments to your strategy as necessary. Have a debrief following each launch. Discuss what 
was successful and what may be made better. Encourage teams to make improvements to their 
procedures as they get more knowledge of the new system.
8. Anchor Organizational Culture Changes- 
As much as it involves altering how you operate and do business, digital transformation also 
involves changing your culture. Before realising the advantages of a new process system, many 
firms forsake it. A quicker and more successful transition is guaranteed when change and 
digital adoption are actively encouraged inside your culture.
3 main benefits of Digitalization in Business
Enhanced online presence
This advantage is undoubtedly the most noticeable one. A company's exposure is 
unquestionably increased if it is active on social media, in online retailers, and in business 
directories.  Many businesses solely have a digital presence, which means they have practically 
no offline presence.
The emergence of new communication routes
The adoption of digital technology has increased the company's online visibility and has also 
given rise to new forms of communication. Examples of these recently developed (well, not 
really recently established) communication channels include emails, smartphone apps, and 
social media. You even have the potential to put an omnichannel strategy into practice by using 
the power of digital communication channels!
Digitalization fosters creativity- 
Innovations in business are significantly impacted by digitalization. As technology develops, you 
are just obliged to act and innovate. It's also difficult to quit once you get going. Your ability to 
continually innovate will enable you to be more aware of emerging trends and possibilities.
What should I do now?
You might be curious about how to truly digitalize your firm after learning that it's necessary for 
success in the new digital environment.
Versatile Mobitech in Hyderabad will be pleased to assist you if you're a business owner 
attempting to steer your enterprise in the appropriate direction.
Many organizations still use WordPress nowadays, but fewer still decide to seek for a better 
solution. If you want to be successful in the modern economy, it's imperative that you stay 
current with new technology.
You're thinking about the particular steps you need to take to entirely digitalize your company, 
but don't stress about it. The team at Flexible Mobitech would want to learn more about your 
suggestions and share some of our own with you.
Free advice is always beneficial, right?
You already know what to do if you want to advance and keep up with your rivals. 
Get in touch with us to discuss how we can take your company to the next level!