Digital transformation is a top priority for CEOs and boards of directors in an effort to create a connected platform and new industry revenue streams. Executive leaders need to approach strategy in a manner that recognizes the differences between transformation and business optimization.
Digital transformation tends to span a mid- to long-term planning horizon and needs calibration and continuous learning. The three planning horizons of Gartner’s Strategic Planning Framework defines the three steps to complete transformation.
Define strategy: The first step is to consider the larger goals and initiatives that drive your business — and effectively use technology and information design patterns to improve them.
Create strategic plans: Once you have an understanding of how you can leverage information and technology to achieve your enterprise’s long-term goals, start building a strategic plan that provides guidance to realize the long-term goals.
Execute with operational plans: Deal with the execution of specific projects and changes, as well as any operational tasks not contained in the strategic plan, such as regular software upgrades or hardware maintenance. Initiate, update or refresh the strategic plans, based on new business context or direction.
Also read: How Gartner helped the CIO at a global automotive supplier lead digital transformation and IT innovation to gain competitive advantage.