It’s hard to believe budget planning season is here already, but it’s time to start setting your financial plans for digital transformation. Your digital transformation budget can’t just be used to deploy the same technology as everyone else—it should be used to find where technology and digitization can help you truly change your market. Full write-up: http://by.dialexa.com/8-steps-to-an-effective-digital-transformation-budget

1. 8 Step Budgeting Process
for an Effective
Digital Transformation
by Scott Harper
https://by.dialexa.com/8-steps-to-an-effective-digital-transformation-budget

2. Dialexa
We are on a mission to make every
company a great technology company.
We work with organizations to define and
execute digital transformation strategies to
improve business operations and customer
experiences. Our services include:
• Multi-Year Technology Roadmap
• Platform Engineering
• User Experience Design
• Custom Software Development
• Hardware Prototyping /IoT

3. It’s hard to
believe budget
planning season
is here already,
but it’s time to
start setting your
financial plans
for digital
transformation.
Get the full write up of
this slideshare HERE

4. Your digital
transformation
budget can’t just be
used to deploy the
same technology
as everyone else—
it should be used
to find where
technology and
digitization can
help you truly
change your
market.
Get the full write up of
this slideshare HERE

5. We previously have had
a high-level
discussion around digital
transformation budgets,
but as you get ready to
actually set the budget,
you need a more
practical guide to budget
strategy and execution.
Here are 8 steps that
will help you solidify
your digital
transformation budget.
Get the full write up of
this slideshare HERE

6. To read more you can find the full article at
https://by.dialexa.com/8-steps-to-an-effective-digital-
transformation-budget

7. Part One: Creating a
Strategic Budgeting Plan
Get the full write up of
this slideshare HERE

8. 1. Looking at the Business as a Whole:
As an IT leader, you can’t just think about
how you can deploy the next wave of
technology, or get stuck trying to untangle
a spaghetti set of legacy integrations.
Get the full write up of
this slideshare HERE

9. You have to look at the
business from end-to-
end and consider the
digital opportunities that
are available to your
business in your current
market conditions. Think
about where the industry
is going and what you
can do to change the
path of your business
now to head that
direction.
Get the full write up of
this slideshare HERE

10. 2. Don’t be Afraid to Cannibalize: Your digital
transformation goal should be to create new
markets. You might have to cannibalize your
existing business, but that’s not a negative thing
to do. Consider how you can move up the
supply chain—from a middle-man only company
to either a supplier or content producer.
Get the full write up of
this slideshare HERE

11. Or you can broaden your downstream reach by thinking
of your solution as a platform. A platform can help you
own the monetization of your market. iTunes doesn’t own
music, but the platform created the digital music category
and pushed Apple to market dominance.
Get the full write up of
this slideshare HERE

12. 3. Talk to Your Business
Partners: Digital
transformation isn’t just for
IT to lead. You have to go
beyond your main finance
and operations partners and
talk to your CEO, the sales
team, marketing, and product
teams. These departments
are where your best bets for
innovative market change
will come from.
Get the full write up of
this slideshare HERE

13. 4. Talk to Your Customers: What specific pain points are
your customers experiencing? When you understand
where customers see their market heading, where they
turn for services other than yours, and who the up-and-
coming companies are, you can more effectively plan your
own digital transformation.
Get the full write up of
this slideshare HERE

14. Interview your customers,
conduct surveys, and
analyze support tickets to
understand deeply what
they are thinking.
Get the full write up of
this slideshare HERE

15. These 4 steps will help you set the table
to actually plan your digital
transformation budget. From here, the
final 4 steps focus on what you need to
plan for when actually executing the
strategy.
Get the full write up of
this slideshare HERE

16. Have you found the best path from product idea
to execution?
Download or free eBook:
https://by.dialexa.com/dialexa-the-pillars-of-a-
successful-digital-transformation-strategy

17. Part Two: Plan With an Eye Toward Execution
Get the full write up of
this slideshare HERE

18. Getting your digital transformation moving will require a
budget focused on real-world execution. The last 4
steps of the budgeting process will leave you in a better
position to execute your digital transformation:
Get the full write up of
this slideshare HERE

19. 5. Be Bold, But Start Small: Digital transformation is
most successful when you think like a VC—creating a
portfolio of small bets with the aim that at least one
hits big, making an impact within your organization.
Get the full write up of
this slideshare HERE

20. Too many companies place the future entirely in one big
product push rather than starting several smaller projects
and iterating to gain continuous feedback. Starting small
is essential to realizing digital transformation ROI.
Get the full write up of
this slideshare HERE

21. 6. Review Your Processes
(Especially Customer-
Facing): Seeing where current
processes can intersect with
new technology can help
execute digital transformation.
For example, how could you
make your employee training
processes more effective with
virtual/augmented reality? Or
how could IoT sensors make it
easier to collect factory
metrics in real time?
Get the full write up of
this slideshare HERE

22. The point is to commit to
digital transformation and
make changes rather than
stumbling along with broken
or inefficient processes and
old technology.
Get the full write up of
this slideshare HERE

23. 7. Fill Out the Details for
Plans A, B, and C:
Finance executives and
CEOs won’t be on board
with a budget process that
has holes in it or doesn’t
have hard numbers. To sell
your executives on digital
transformation, you need a
budget that is as tangible
as possible with details
filled out across multiple
plans - Plans A, B, and C.
Get the full write up of
this slideshare HERE

24. Your details won’t be perfect,
but you want to get as close as
possible to instill confidence in
executives. Several plans are
better than ranges of numbers
for programs.
Get the full write up of
this slideshare HERE

25. 8. Have a Reactive Fund in Place: The
first 7 steps in this budgeting process
are responsive—responding to what
you’ve seen in the marketplace or
technology.
Get the full write up of
this slideshare HERE

26. However, market innovation is moving
faster than budget cycles and your digital
transformation budget must be prepared for
it. Including a reactive fund in your budget
will help you adjust to new innovation in the
middle of the year rather than reallocating
funds.
Get the full write up of
this slideshare HERE

27. Following this 8-step process will
put you in a position to really
capitalize on digital transformation
opportunities.
Get the full write up of
this slideshare HERE

28. The heart of
your budget
planning has to
include a deep
understanding of
what you can do
to succeed with
emerging
technologies.
Get the full write up of
this slideshare HERE

29. PROPERTY OF DIALEXA LLC ©2017 - CONFIDENTIAL & PROPRIETARY
Thank You
Doug Platts
VP of Marketing
marketing@dialexa.com
If you are looking to undertake a
digital transformation initiative,
contact Dialexa today and see how
we can help make your company a
great technology company.
Get the full write up of this slideshare at https://
by.dialexa.com/8-steps-to-an-effective-digital-
transformation-budget