The Business World is Transforming
  • By 2025 the worth of the Internet of Things will be $6.2 trillion.
  • The sharing economy will reach $330 billion by 2025.
  • For people starting their education, 65% will enter the workforce into jobs that don’t exist today.
  • The average tenure on the S&P 500 is dropping. Only 25% of the companies in 2012 will remain by 2023.
  • Automation and robotic usage will grow 2,000% from 2015-2030 amounting to $190 Billion market.
  • 86% of global CEO’s are championing digital transformation of their companies.
  • By 2025, half of world’s companies with revenues exceeding $1 billion will be headquartered in today’s emerging markets.
  • By 2018, the data created by the Internet of Things will reach 403 zettabytes a year.
  • By 2030 the population will be over 8 billion people and 50% of Global GDP growth will come 440 cities in emerging markets.
  • By 2030 more than 30% of workforce will be older than 55 in developed countries.

Your Digital Future Begins Now

Your Digital Future Begins Now
02/20/2019, MSS Staff , in Digital Transformation, Featured

The digital future for your company is right now.  In all industries and businesses, we have reached the point when systems are no longer just tools to automate processes and drive efficiencies. They are also core components to achieving business strategy and are integral to establishing customer relationships.  The companies that compete and win are the most effective at aligning their business strategies with their technology execution.

Unfortunately, far too many technology initiatives start with the development of a long list of requirements and selection of vendors. Executives are sold on the bells and whistles of a solution and the business’ underlying needs are lost in the process. The assumption being that the process of applying new technology will, in itself, deliver the value and drive performance improvement. Of course, this is not the case.

CIOs who take a strategy-first approach to selecting a [ERP] vendor will deliver 60% increased business value over those who take a vendor-first approach.

Gartner, 4 Steps CIO’s Must Take Before Selecting an ERP Vendor

If you Google “what to expect from a system implementation”, you will find hundreds of articles with titles like “6 Stages for a Successful ERP Implementation” or “10 Phases of a Digital Transformation,” and they will all have some version of the same information:

  • Discovery/Pre-evaluation
  • Evaluation & Selection
  • Requirements
  • Design
  • Development
  • Testing
  • Deployment/Application
  • Support/Ongoing Maintenance

While the number of stages or the terminology may vary, most vendors will present some variation of the process in a way that enables them to highlight their particular approach. Conspicuously missing are key steps that integrators and vendors may omit because they are not experts in these areas. And yet, these are the steps that go the furthest to ensuring your return on investment. They are not be forgotten at the peril of your project. At MSS, we distill them down to:

  1. Digital Strategy & Technology Roadmap
  2. Organizational Readiness & Change Management
  3. Program Oversight & Quality Management

Digital transformation value chain

It is no secret that systems implementations from ERP to CRM to Cloud Migration, present a risky and complex journey for any organization, and that many executives’ reputations ride on their success or failure. Not to mention, in this post-modern age, the expectations and risks are highly elevated. Vendors promise flexibility and agility that allow companies to scale and rapidly adopt new solutions while deep analytics with information at their fingertips will enable better, faster decision-making. Yet, with each new solution, the level of complexity and the potential for hidden costs and unforeseen challenges increases exponentially, and these missing key components of the implementation process becomes even more important.

Risks of Systems Implementation

When embarking on a technology initiative, the key to success is to treat it as a business initiative owned and led by business leaders who actively instill the organization’s vision, competitive position, financial structure, and operating model. Moreover, treat it as a change initiative where the highest degree of success is based on 100% of the impacted people adopting the change. If you think about it, no other multi-million business investment would kick off without an understanding of how it drives the company strategy, how it is going achieve a return on investment, and a plan for how it will achieve its goals.

Too many companies begin their technology initiatives without assessing whether they are ready, only to realize they are not after encountering issues that cause them to stop and backup, or even begin again wasting time, resources, and money. At MSS, our approach emphasizes developing a structured methodology to change by assessing organizational readiness, preparing the organization for change, creating communications loops and client channels while building your capability to adapt and respond to unforeseen challenges. This arms you with the greatest probability of full adoption and utilization and goes a long way to ensuring you get the fullest return on your investment. Read more

We also believe it is important to have an advocate for the company who understands and has experience managing vendors and integrators to make sure that your implementation goes smoothly. We apply program oversight, facilitate executive understanding and involvement, and conduct quality assurance testing throughout. This creates a solid foundation for decision-making, knowledge management, and sustainability. Read more

Done correctly, a digital transformation can increase customer-centricity, break down functional silos, engage employees and drive transformational change to your organization. Done poorly, complex initiatives have a failure rate that few organizations can absorb.

John Wieser, Richard Taylor, and David Lee contributed to this article.

MSS Staff

MSS Business Transformation provides valuable resources for business leaders that seek to transform their operations. By sharing our collective expertise on concepts and strategies, we help leaders identify, clarify, and prioritize their specific transformational needs.  We inspire change from concepts to strategies.

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