How to undertake a Digital Transformation Project? Peace of mind with XN Consultants.
Digital technologies are now affordable and often packaged as business process services provided on the Cloud. A major challenge remains the development of an overarching plan making the right prioritization/selection of tools, and the appropriate reorganization of operations. Digitization efforts can cover almost all front and back-office functions (strategy, marketing, CRM/sales, fulfillment, operations, HR, finance, etc.), thus requiring tight governance and strategic alignment.
We also believe that developing and implementing a data strategy is a foundational act for companies willing to continuously optimize their operations and swiftly grab potential opportunities:
- Reinforce their operational resilience, working notably on their supply chain, cash management, cost optimization, outsourcing of non-critical activities, teleworking, etc.
- Capture market share and/or new opportunities in swiftly transforming environment reaching new markets with new value propositions, digital channels, M&A, etc.
We typically start with a rapid assessment to uncover high return projects, and then, co-develop a pragmatic multi-year plan for transformation and continuous progress.
In order to assist our customers on Digital Transformation journey, we adopt a methodology aiming at providing fast returns in an iterative format.
- We start with a collaborative rapid strategy alignment assessment (3-6 weeks) to understand capability gaps linked to value drivers in support of overall business strategy and customer journey.
- Each capability will then be assessed on the 3 axis contributing to its throughput: people, processes and IT.
These capabilities require development and are then ranked by order of importance and ROI.
- Prioritized work streams are supported with an agile methodology with incremental iterations.
Each iteration including 3 phases (durations listed below are average as, for example, it could be longer in case multiple entities undertake a common project within a same Group).
- Scoping and assessment – 2 to 4 weeks;
- Conception and target design – 2 to 4 weeks;
- Execution and release – 8 to 12 weeks.
Each iteration has a feedback loop to ensure objectives are met while feeding in next iteration within a continuous delivery mechanism.
Impactful Digital Transformation is complex by nature, as it requires trustful experts on a large span of functions and activities.
XN Consultants, as a network with deep expertise when it comes to Digital Transformation is equipped to assist and collaborate with companies seeking to embrace the digitization journey.