There is no doubt both businesses and consumers, regardless of their locations, are expecting digital options for everything from fast food to consulting services. Recent digital business research reports estimate that trillions of dollars are up for grabs within the global economy as new sectors are created and existing business transition to the digital marketplace.
First and foremost, a digital business is a fundamentally different mindset, manner and way of approaching how your organization delivers products or services to a marketplace. On a more granular level, three primary pillars — market insight, a collaborative leadership team and one or more technology platforms, support a successful digital business.
This combination of market insight and technology will be architected, driven and guided from the beginning to address the needs uncovered by a cross-functional team of business leaders and technology engineers who maintain this holistic focus on building increased organizational value.
There is a groundswell of organizations that are undertaking digital business development in order to enable innovation within their workflow – while positioning their businesses to capture and keep the ubiquitous, yet somewhat elusive digital customer. Interestingly, there are a seemingly endless number of ways that a digital business development effort can go off-track. Following are some key suggestions for effectively staying the course.
In our decade of successfully leveraging software innovations to build digital businesses, all of our client partnerships begin with an extensive planning phase, and the single most important piece of all the planning is the unique business vision for each project.
As critical as all these are for a successful digital business, the most important part of the planning process is weaving the translation of the business vision seamlessly into the project plan.
Engineers with a deep understanding of your business vision and requirements can bring their full experiences and resources to bear, matching the right technology to your digital business needs. But it needs to happen very early in the process, during planning — not after development has started.
It’s never too early for change
As soon as you can present your plan to prospective users, do it.