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\n <\/div>\n \n \n <\/div>\n\n\u00a0<\/em><\/span><\/h2>\nWhat is digital governance and what are the elements needed to make it work?<\/em><\/span><\/h2> <\/div>\n<\/div>\n\n\n \n Digital governance serves two overarching purposes. First, digital governance allows companies to be confident that they are performing digital activities in an ethical and efficient manner. By ensuring ethical behavior, companies can prevent lawsuits and other legal issues that may arise otherwise. Cybercrimes have dramatically increased as of late, to the point that companies in all industries are on high alert and ensuring they are prepared to act when they are attacked<\/a>.<\/p>\nNext, companies that fail to systematically think through and implement the proper procedures in place for digital governance prevent themselves from being able to grow and evolve, providing their competitors with a boost in competitive edge. Digital governance helps to keep companies nimble and adaptable, which are necessary traits in today\u2019s age of disruption. Also, a focus on digital governance will help streamline and support digital development throughout the entire company.<\/p>\n
Mechanisms for Improving Digital Governance<\/h2>\n
There are several mechanisms that can contribute to an improvement in digital governance. Some foundational principles include:<\/p>\n
Shared Digital Accountability<\/h3>\n
One key factor for many companies looking to implement digital transformation is to create shared accountability that is driven throughout functions. With shared accountability, it is possible to reduce the costs typically associated with digital transformation because businesses are reducing the number of redundant initiatives needed across functions and business units. This leads to a reduction in the multiplication of technologies or people. Many companies choose to create a manual that outlines how to avoid redundant activities \u2013 and it may also be possible for them to carry out corporate-wide investments that are not feasible for individual functions. In addition, missing skills are the biggest barrier towards making digital transformation work. With shared accountability, it is possible to get the right people in place and allow them to work closely with others to coevolve.<\/p>\n
Governance<\/h3>\n
Digital transformations tend to involve a complex structure of stakeholders. To address this complexity, establishing an actual formal framework for digital transformation in an organization could address the underlying program issues. For example, a steering committee can aim to answer questions such as how to prioritize certain digital initiatives, how to allocate resources, and what rules need to be adopted to ensure the consumer experience is always consistent. A technology and process committee is needed to focus on emerging technologies and support the transformation committee, and needs to be carefully reviewed before and during the process.<\/p>\n
New Roles and Accountabilities<\/h3>\n
Another aspect to digital governance is to establish specific leaders who will lead certain digital aspects of the business. For example, a chief digital officer may take responsibility for the web, social media, mobile and e-commerce overall, while there may be individual managers within each of these competencies with a narrower focus and specific roles.<\/p>\n
Strategies for Effective Digital Governance<\/h2>\n
The main elements of digital governance entail several key principles. Key strategies organizations can adopt include:<\/p>\n
Do Not Slow Things Down!<\/h3>\n
Governance does not mean slowing things down with endless analysis. If anything, governance should mean the opposite \u2013 you should look to unblock any bottlenecks that are slowing down delivery and make decisions that help to increase the pace of delivery. Governing efficiently starts with helping the team avoid external pressures.<\/p>\n
Make Decisions at the Right Time<\/h3>\n
Focus your decisions on meeting the needs of the user and ensure that the team itself is empowered to make decisions so that upper management is only called on when necessary. Short but regular meetings can be an ideal way of keeping on top of what is going on, without slowing down the pace of delivery.<\/p>\n
Conclusion<\/h3>\n
Digital governance serves two overarching purposes. First, digital governance allows companies to be confident that they are performing digital activities in an ethical and efficient manner. By ensuring ethical behavior, companies can prevent lawsuits and other legal issues that may arise otherwise. Cybercrimes have dramatically increased as of late, to the point that companies in all industries are on high alert and ensuring they are prepared to act when they are attacked<\/a>.<\/p>\n Next, companies that fail to systematically think through and implement the proper procedures in place for digital governance prevent themselves from being able to grow and evolve, providing their competitors with a boost in competitive edge. Digital governance helps to keep companies nimble and adaptable, which are necessary traits in today\u2019s age of disruption. Also, a focus on digital governance will help streamline and support digital development throughout the entire company.<\/p>\n There are several mechanisms that can contribute to an improvement in digital governance. Some foundational principles include:<\/p>\n One key factor for many companies looking to implement digital transformation is to create shared accountability that is driven throughout functions. With shared accountability, it is possible to reduce the costs typically associated with digital transformation because businesses are reducing the number of redundant initiatives needed across functions and business units. This leads to a reduction in the multiplication of technologies or people. Many companies choose to create a manual that outlines how to avoid redundant activities \u2013 and it may also be possible for them to carry out corporate-wide investments that are not feasible for individual functions. In addition, missing skills are the biggest barrier towards making digital transformation work. With shared accountability, it is possible to get the right people in place and allow them to work closely with others to coevolve.<\/p>\n Digital transformations tend to involve a complex structure of stakeholders. To address this complexity, establishing an actual formal framework for digital transformation in an organization could address the underlying program issues. For example, a steering committee can aim to answer questions such as how to prioritize certain digital initiatives, how to allocate resources, and what rules need to be adopted to ensure the consumer experience is always consistent. A technology and process committee is needed to focus on emerging technologies and support the transformation committee, and needs to be carefully reviewed before and during the process.<\/p>\n Another aspect to digital governance is to establish specific leaders who will lead certain digital aspects of the business. For example, a chief digital officer may take responsibility for the web, social media, mobile and e-commerce overall, while there may be individual managers within each of these competencies with a narrower focus and specific roles.<\/p>\n The main elements of digital governance entail several key principles. Key strategies organizations can adopt include:<\/p>\n Governance does not mean slowing things down with endless analysis. If anything, governance should mean the opposite \u2013 you should look to unblock any bottlenecks that are slowing down delivery and make decisions that help to increase the pace of delivery. Governing efficiently starts with helping the team avoid external pressures.<\/p>\n Focus your decisions on meeting the needs of the user and ensure that the team itself is empowered to make decisions so that upper management is only called on when necessary. Short but regular meetings can be an ideal way of keeping on top of what is going on, without slowing down the pace of delivery.<\/p>\nMechanisms for Improving Digital Governance<\/h2>\n
Shared Digital Accountability<\/h3>\n
Governance<\/h3>\n
New Roles and Accountabilities<\/h3>\n
Strategies for Effective Digital Governance<\/h2>\n
Do Not Slow Things Down!<\/h3>\n
Make Decisions at the Right Time<\/h3>\n
Conclusion<\/h3>\n
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