Key #3. Take a pragmatic view towards incremental value through digital initiatives.
It is common to get distracted by large budget, transformational initiatives that have substantial visibility across the organization. But often, these projects fail to achieve their full value and languish without attention once the basic implementations are complete without unleashing the full potential.
We are often asked what we can do to drive incremental value from existing assets, and where appropriate, partner relationships. Exploiting digital initiatives that offer improvement opportunities by extending existing assets is the easiest and most frequently looked option available. Challenging the status quo offers great rewards and associates must be encouraged to do so.
As traditional IT roadmaps are being developed, opportunities to consider how additional value that can be achieved in areas outside of the functional workstream by providing improved visibility or insights through digital initiatives. While this can help the business case, it will more importantly ensure that the true value is being achieved in real time as you march towards the digitalized promised land.