What is Digital Transformation?
Digital transformation is the process of integrating digital technologies into business operations in order to radically alter how firms operate.
What is the goal of this transformation? Is it a plan to use cutting-edge technology in all areas? This is where most individuals get it wrong when it comes to digital transformation. The emphasis of digital transformation is on providing outstanding value to customers rather than simply employing cutting-edge technologies.
Digitization is a digital transformation in technologies. It is frequently a required stage because, in order to deliver more value to the people affiliated with a business, it is necessary to rewrite old business processes and develop a new system.
Finding new opportunities in an existing business to reinvent the way value is delivered to customers is what digital transformation is all about.
What Digital Transformation Technologies/Tools Will Be dominating in 2022?
2020-21 has shown to be a fruitful year for digital transformation. Businesses that had been considering digital transformation plans for years finally saw the light in 2020. The face of digital transformation has evolved as it has grown at a rapid pace.
Now, many new digital transformation technologies are emerging and existing technologies are being strengthened with the help of the latest technological breakthrough. The digital technology that will dominate in 2022 are as follows,
Big Data Analytics:
The rise in the number of connected devices in recent years has resulted in unprecedented data accumulation. Every day, we generate 2.5 quintillion bytes of data in the form of structured, unstructured, and raw data at this rate. This exponential data expansion is projected to continue in the future years.
Data in fragmented forms can be difficult to organize and might even be detrimental to businesses. According to a recent report, firms in the United States lose $3 trillion each year as a result of fragmented data. As a result, data organization is the necessity of the year. This is where big data analytics comes in.
It is feasible to handle massive amounts of data using big data analytics to extract the right information for a specific business to help them model their plans and make relevant decisions. Big data enables firms to carry out their transformation goals more successfully by offering actual results.
5G and IoT:
5G and IoT (Internet of Things) are two game-changing digital transformation technologies that promise to improve efficiency across multiple industries.
The manufacturing industry is undergoing a digital revolution thanks to the Industrial Internet of Things (IIoT). This technology is assisting manufacturers in modernizing their processes and making them more flexible, innovative, quick, and safe.
IoT plays a vital role in enhancing customer happiness in the retail industry by providing important insights. IoT devices require more capacity, faster transmission capabilities, and seamless connectivity, which 5G integration can provide.
And, with the rollout of 5G, IoT applications will reach a new level of sophistication. In this day and age, where businesses must always be connected, the 5G network with its high speed, increased capacity, and lower latency is the technology that we require.
Cloud computing is an essential component of digital transformation because it enables flexibility, scalability, and agility. Traditional storage services are insufficient for handling enormous amounts of data in a cost-effective and safe manner. This awareness has prompted enterprises to adopt Cloud technology. According to projections, the industrial industry will use Cloud technology to a startling amount during the next five years.
Depending on their needs, organizations can also select between public, hybrid, and on-premise Cloud services. From the three alternatives, the hybrid cloud is gaining traction and is predicted to be a significant digital transformation technology by 2022.
AR is currently a well-established technology in various sectors, but it has enormous future potential. The way it elevates human-machine interaction and allows seamless connectivity between the physical and digital worlds is going to be revolutionary in the coming days.
AR helps firms increase efficiency and quality while also providing knowledge transfer, training, and superior customer service. It paves the way for more intuitive approaches to technology–a disruptive approach that will redefine how we engage with digital systems. AR’s analytical findings will alter industry management. AR technology will aid the manufacturing, health care, and retail industries, among others.
AI and Machine Learning:
AI (Artificial Intelligence) is now at the heart of the majority of enterprises. It is being used by businesses of all sizes to help with corporate operations and decision-making. The transformation does AI and machine learning is so sophisticated that it will have a positive impact on our lives in the coming days.
With the increased availability of data, machine learning technology, and high-performance computing capacity, artificial intelligence is being used to deliver exceptional analytical insights like never before. This gives rise to new problem-solving strategies, which opens the door to a world of new possibilities in the future.
AI and machine learning are already being used to improve performance in the automotive, healthcare, retail, and information technology industries, among others. AI will soon have an impact on every major choice that organizations and individuals make.
When envisioning a connected future, API-based integration is a critical digital transformation tool for enterprises. It is a versatile digital transformation tool that may be used by enterprises to undertake low-cost initiatives.
Its advantages are vast, including shorter market time, faster development, and better information accessibility. It enables businesses to make better decisions, promote innovation, and improve customer experience, all of which are key aims of digital transformation.
Robotic Process Automation (RPA):
Automation is one of the initial steps in most industries’ digital transformation. And RPA is proving to be an excellent automation strategy.
The value that RPA can provide when combined with other digital transformation technologies such as AI and ML is unequaled. Robotics can relieve employees of the pressure of routine activities, allowing them to focus on work that requires their skills.
RPA expands robotics beyond repetitive task automation and into areas that require more human qualities, such as analysis and decision making. It assists humans in their operations by increasing task efficiency, speed, and accuracy and empowering enterprises through the robotic process.