By Team Learning Minds
Organizational transformation is the next major phase for any organization, and towers over all issues in this volatile corporate world. We could even call this the ‘revolution’ of a company for fastened improvement in performance and sustained future developments.
This transformation includes the restructuring of the entire organization and its foundations. These include but aren’t limited to: strategies, operations, systems, people, teams and the organizational culture. Being in this line of work, you would understand that an organization-wide ‘reboot’ is not an easy feat. It is not a one-day event where you bring your hands together at the end and consider it ‘done and dusted’. A successful alteration takes months and years of envisioning according to changes in the global economy, and execution.
From international organizations to organizations in Pakistan, the transformation we deem essential and a ‘must-have’ is a digital one. This certainly does not come as a surprise in this technology-driven world. This transformation involves the inclusion and implementation of technology across all aspects of an organization. According to the report, Reimagining Workplaces Services by the Everest Group, 68% of large enterprises believe that a majority of employees will be mobile and not bound by an office space by 2021.
Our very own country, Pakistan, is not far behind in this wave of transformation that has swept the entire world. There have been digital developments in the banking, manufacturing, agriculture and many more industries.
The Digital Transformation of Pakistan
First and foremost, Pakistan’s digital growth has been revved up by China’s investment in various sectors. The China Pakistan Economic Corridor (CPEC), under the project Belt and Road Initiative (BRI), has improved linkages through proper infrastructure and includes the establishment of fiber-optic cables. This will develop greater connectivity amongst Pakistani people and will give small business the chance to access more consumers.
Moreover, Pakistan’s financial sector has moved away from traditional face-to-face banking, and has joined the bandwagon of digitalized services. Mobile applications, behavioral scorecards and digital labs have been introduced to bring in inclusive services in a fast, efficient and low-cost way to a greater and untapped population of Pakistan.
Another element of digitization is that of automation. This element holds the key to empowering organizations across industries to organize their economic activity, balance costs with increased efficiencies, and open up new opportunities by the second. Automation in the manufacturing sector has transformed factories to achieve effective control over production lines and production targets on time.
With long-term focus and efforts to stay in pace with global technological advancements, Pakistan’s organizations will be able to sustain market growth, introduce innovative solutions for their products, enhance their culture and develop their people. And, great news for you and your organization because these ground-breaking solutions about transforming individuals, teams and organizations are going to be addressed through expert key-note speakers at Insights Business Forum, the flagship event of Learning Minds.