4 ways innovative companies can navigate digital transformation

From the tight global labor market to social and political volatility, macroeconomic headwinds continue to hamper business growth. Such a complex environment is anything but smooth. Your organization may be feeling pressure to deliver on initiatives to support talent, products and services, and business operations.

Finding success in these areas requires digital transformation. Innovative companies are best positioned to prosper and thrive.

Becoming an innovative company

What does an innovative company actually do? For one thing, it enables continuous change from anywhere, blurring the line between experimentation and expectation.

It's also at the forefront of technological development, paving the way for others in the industry to follow. An innovative company is full of driven, pioneering people who uncover new opportunities behind every app, process, and experience. These leaders see failure as a trade-off for greater success.

Even innovative companies are burdened with the realities of tough times: unengaged and unempowered employees, fragmented data, and limited time and resources.

The way forward is to make your organization change-capable every day through continuous transformation. That means investing in digital innovations that connect your people, processes, and systems. And that starts with a platform strategy that can help:

• Reduce operating costs
• Increase productivity
• Minimize risk
• Deliver full value from previous investments

Here are four technology imperatives for innovative companies:

1. Eliminate silos

To keep your enterprise productive and ahead of the competition, you can’t afford inefficiency, reactive fire drills, or high operational costs in delivering technology services.

You must eliminate silos between IT service and operations teams so they can quickly address IT issues and prevent outages. To achieve this, you need to modernize, automate, and optimize the workflows between these teams. That means connecting data they can both access on a single platform—so they can get visibility and collaborate to deliver great outcomes every day.
A unified technology service operations approach does more than delight employees and enable constant IT service availability. It also frees your teams—and anyone in the organization—to devote more of their time and talents to business-building change. A satisfying work environment that empowers anyone to innovate leads to higher employee engagement and retention.

2. Get the greatest value from IT

Technology leaders need to translate strategy into outcomes that drive business value to keep their seats at the table. Strategic portfolio management enables organizations to prioritize and fund what matters most, build a roadmap to strategize past and new investments, communicate plans, and track progress.

It also lets teams plan and deliver work using any methodology: traditional (waterfall), Agile, or hybrid. With LIKE.TG Strategic Portfolio Management, enterprises can reduce nonproductive investment spending by more than $10 million and achieve a 365% return on investment over a three-year period.

3. Cut costs with connected IT asset management

Managing any IT asset (software, hardware, cloud, apps), whether it’s stored on premises or in a hybrid cloud, requires total visibility. With comprehensive IT asset management, you can plan, operate, service, secure, and retire IT—managing everything from the same place.
By connecting multiple departments on a single platform and automating the end-to-end IT asset lifecycle, you can rein in your IT budget and meet compliance obligations.

With a modern IT asset management solution, an enterprise can save up to 67% on the cost of software license true-ups and reduce noncompliance incidents by up to 70%.

4. Accelerate cloud adoption

It’s a struggle to scale cloud initiatives with the same security, cost, resilience, and risk management you would use for on-premises infrastructure. Process challenges, business misalignment, limited software planning, lack of IT visibility, and inadequate governance models can impede your journey to a cloud-first operating model and its benefits.

With a unified IT platform, you can maximize interoperability, visibility, and agility to speed adoption, modernize architecture, and reduce costs. To get rapid return on investment in your cloud initiatives, you’ll want to:

• Prioritize applications based on business impact, cost savings, or technology risk.
• Use self-service automation for request, incident, and change management processes.
• Operate cloud services resiliently with AIOps, even when the mix of on-premises and cloud is constantly changing.

You can get through the ups and downs with a strong technology partner by your side.

At LIKE.TG, we’re curious and hungry to know what's next. That’s why we’re constantly evolving to meet the needs of our customers, with a platform that can adapt quickly as market conditions change. Together, we’ll innovate and adapt—even through uncertain times—to help you achieve digital transformation and be ready for tomorrow.

Get more tips in our ebook: 4 ways to get your digital transformation back on track.

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