Digitalization has become a necessity for companies looking to improve efficiency, increase competitiveness and adapt to changes in customer behavior. To ensure that a business succeeds with digitalization, it is important that a board has a clear strategy and a plan to implement this strategy.
First and foremost, a board should draw up a strategy for digitisation that defines the objectives and plans for this. This can be to increase the efficiency of the production process, improve customer service, or increase revenue through increased sales. Once the objectives are defined, the board can begin to identify critical areas of the business that will benefit from digitization. This can be anything from automating work processes to implementing an e-commerce platform.
In order to carry out the digitisation, it is important that a board invests in the right technology and equipment. This can be anything from computers and software, to automated machines and sensors — but just as important is having employees with the right knowledge. It is also important to make sure that there are enough resources available to implement and maintain the technology.
An important aspect of digitization, as mentioned, is to make sure that employees have the necessary skills to use the technology effectively. A board should therefore develop a skills programme that ensures that employees receive the training they need to use the technology optimally.
Another important part of the digitization process is to integrate technology and processes with existing systems and work processes. A board should therefore develop a plan to do this in a seamless way so that the business is not crippled by technological complexity. In this way, the Board can also monitor and measure the results of the digitisation and adjust its strategy and plans accordingly. This can be anything from measuring the efficiency of the manufacturing process to looking at how much revenue increases due to higher sales figures.
Last but not least, a board of directors should communicate the concrete digitisation plans and objectives. A plan must also be able to be put into practice!
If your board needs help developing a digital strategy, we have useful resources available. Among other things, we have written an article that deals with the evaluation of digital strategies.
A board should do the following to digitize the company:
1. Develop a digitalization strategy that defines the goals and plans for the digitization.
2. Identify critical areas of the business that will benefit from digitization, and set up a plan to implement technologies and processes that will improve those areas.
3. Investing in the technology and equipment necessary to carry out the digitisation, as well as ensuring that there are enough resources available to implement and maintain the technology.
4th. Develop a skills program to ensure that employees have the necessary knowledge to use the technology effectively.
5. Develop a plan to integrate technology and processes with existing systems and work processes.
6. Monitor and measure the results of the digitisation and adjust the strategy and plans accordingly.
7. Communicate digitalization plans and goals to employees, customers and other partners.
