fbpx
Founder Institute Lagos Founder Institute Lagos Founder Institute Lagos
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
Innovation | Startups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
Innovation | Startups | Funding | Tech Blog in Africa
No Result
View All Result
Home General

Challenges of a Digital Transformation for your Business

by Dare Afolabi
2019/08/27 - Updated on 2021/01/12
in General
transformation 3753463 960 720

transformation 3753463 960 720

Share on FacebookShare on Twitter
Tweet
Share
Share

Are you a small business owner, with plans do you have for the next digital transformation move, in your technology development?

You need to be prepared, to face these truths.

Technology has come to stay and it has changed the way things are done, in all aspects of life. Running a business is, not left out of it.

The landscape of business, especially, the small scaled ones, have got their operations, simply streamlined, with improved productivity to compete with the big guns.

RelatedPosts

NiRA announces Voting for the 2023 .NG Awards: Celebrating Excellence in Nigeria’s Digital Community

Energy, AI and a Groovy New Tech Demo Area All on the Menu at Africa Tech Festival

Wikimedia Anambra Network sets to Mark a Year of Achievement and Awareness Campaign

IXPN, Medallion DC meet Stakeholders, discuss Internet Peering and Interconnectivity

For the past years, no doubt that technology has changed the processes of business, in different ways;

    • Improvement in growth rate
    • Business model evolution
  • Workplace transformation
  • Survival

With these visible effects, technology has got on the modern business landscape. Its penetration is, still, not maximum.

The question is; why is this a challenge, especially, to business founders and entrepreneurs?

Some business leaders, go headlong, into this process, without having well-defined technology transformation strategies to execute them.

Digital transformation, enhanced by technology, can be a daunting process and many business CEOs, are not just prepared for it.

Consider the following five truths, to get yourself assured, of overcoming the challenges that, technological transformation might bring:

Transformation Is Difficult

transformation 3753439 1280

The IT projects that you embark on, would, usually, take longer to be executed, as it costs you more.

The combined work of mentally exerting the brain, in your first digital process and the whole transformation itself, would test your resolve, as well as that of your team.

You Will Spend Big

christmas money 1085021 1280

In embracing digital transformation, it would be unwise, not to invest in technological applications and talents, that can enhance the expected transformation.

They are key factors, for your business. You need to realise that, technology is expensive and will, definitely, cost you, even, above what you envisaged.

Live with the truth that, digital transformation, enhanced by technology, comes at a cost that you have to bear.

Get Used To This Pace

animal 107800 640

Changes keep on coming up on technological transformation, at a fast pace and it is not slowing down anytime soon.

Artificial intelligence, (AI) and blockchain technology, are part of the newest technological evolution.

The pressure to keep up, with the pace, would be on the business, more, but you can always get your way around it, once you set out, with a clear strategy.

A Tight Cybersecurity

Digital transformation - cfamedia

Digital transformation, also, comes with the management of your clients’ data, online and this comes with its risk of cyberattacks. These attacks can compromise your financial assets.

On a daily basis, threats to cybersecurity, are getting bigger, as hackers, continually, seek to exploit loopholes, in your cybersecurity apparatus.

Going digital, through technology, your business works, fully, on data and you need to give it, the maximum protection, it really deserves.

It Is Still About People

Digital transformation - cfamedia

One cannot overemphasize the power of technology, in bringing about, digital transformation.

Nevertheless, it is only useful, if it empowers business executives, to make better decisions that, translates to, improved productivity.

How well you use technology, is defined, by, how your customers engage with you, through it and how best your team makes use of it, for business interaction.

Digital transformation, through technology, is a leading concept and it can, only, be successful, if you, as a business leader, bring about the necessary behavioral changes that, your team would embrace.


Don’t miss important articles during the week. Subscribe to cfamedia weekly newsletter for updates.

Join @techbuildafrica on Telegram
Tweet
Share
Share
ShareTweetShareSendShare

Subscribe us

Recent Posts

  • NiRA announces Voting for the 2023 .NG Awards: Celebrating Excellence in Nigeria’s Digital Community
  • Anambra ICT Agency MD to Keynote Bossladylaw Business Challenge
  • Energy, AI and a Groovy New Tech Demo Area All on the Menu at Africa Tech Festival
  • Female Innovator? Apply for Africa Innovation Fellowship Program
  • Wikimedia Anambra Network sets to Mark a Year of Achievement and Awareness Campaign
  • IXPN, Medallion DC meet Stakeholders, discuss Internet Peering and Interconnectivity
  • Dr Krish crowns Technology Person of the Year at Tech Innovation Awards 2023
  • Nigeria Calls for Open, Secure Internet
  • Appraising OPPO’s Unwavering Commitment to Quality, Trustworthiness, Innovation, and Premium Excellence
  • Modernising Customer Communication is key to Improving Customer Experience
Innovation | Startups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

Navigate Site

  • About
  • Contact
  • WE-Forum
  • Privacy
  • Sitemap
  • Terms
  • Blockchain
  • CleanTech

Follow Us

No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain

© 2013-2021 techbuild.africa. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In