Digital Transformation - Framework
Initiating the Transformation
Time and again, my clients/ partners/ colleagues have asked me, 'Where do we start our transformation?' This simple question holds immense power. The answer to this question, can guide a firm toward its full potential or derail its progress. Thinking of an analogy it's like a train on a track: a small misalignment can lead to a very different destination.
Where do we start?
The right answer will be to start with a big vision and clear goals. However, that’s not how real world operates, and things aren’t always perfect. Things change, plans get derailed, and unexpected stuff happens. Hence having a good framework is so important. It helps teams stay focused and adapt to whatever comes their way and respond rapidly to changing business needs.
Introducing the BRAVE Framework
The BRAVE framework offers a structured approach to navigate the complexities of digital transformation. By focusing on vision, application, execution, business impact, and review, organizations can ensure alignment across teams and stakeholders. This framework helps prioritize initiatives, allocate resources effectively, and measure progress against defined objectives. Ultimately, the BRAVE framework empowers businesses to make informed decisions and achieve sustainable transformation outcomes.
Critical questions that we are trying to get an answer to like why, who, where, what, when etc. can be addressed through this.
How can I bring this to life?
Successful transformation projects, whether technology-driven or process-oriented, necessitate the involvement of multiple stakeholders and a clear understanding of desired outcomes. A holistic approach, beyond mere technological considerations, is essential. The BRAVE framework offers a structured approach to navigate this complex journey
The key questions that we should try and answer as part of any transformation are:
What should be the distribution?
Finally, we need to address the distribution across these four quadrants and what the distribution should be. The optimal distribution of projects across various categories depends on a multitude of factors, including the organization's risk tolerance, industry position, and strategic objectives. While there's no one-size-fits-all answer, a good balance might look something like this:
Now, the next big question is: what do we do next? How do we pick the best projects, justify them, and get them approved. Let's create a list of great ideas and see which ones we can make happen or let’s have a chat!