The widespread adoption and deployment of the latest technology, processes, and talent acquisition to substantially increase business outputs and operations while simultaneously focusing on improved customer happiness is referred to as digital transformation trend. This comprises the adoption of various digital transformation trends, such as e-commerce streams and mobile applications, as well as updated websites, for organizations that previously employed traditional ways of operations. In most companies, senior management is in charge of digital transformation, which is intended to be adopted by all employees across departments and verticals.
In an increasingly rising technology-influences market, digital transformation trend has become a need. Businesses, large and small, have begun to recognize the importance of staying current with technology advancements in order to remain competitive. As a result, we’ve prepared a list of digital transformation trends that can help your company stand out. In this article, we’ll discuss the top 7 digital transformation trends to upgrade your business.
1. Hyper Automation
Hyper Automation’s major goal is to automate IT and business operations and processes using Robotic Process Automation (RPA), no-code/low-code adoption, and AI/Machine learning, as the name suggests. RPA automates repetitive work with software robots, enhancing the speed and scalability of operations while drastically lowering costs. Low-Code platforms are a great way for non-technical employees to build software and integrate APIs.
Businesses around the world will need to update to one of the most talked-about digital transformation trends of 2022, Business Process Automation, sooner rather than later (BPA). BPA assists in the effective and efficient use of data available through Artificial Intelligence (AI) and Machine Learning by optimizing all business operations (ML). Furthermore, BPA enables for the integration of additional solutions inside itself, such as Robotic Process Automation (RPA), to ensure that your business runs smoothly.
2. Digital Payments
Excessive use of digital payments was another digital transformation trend brought on by the coronavirus. This contactless manner of making transactions hastened the process of digital banking, benefiting everyone involved. It was a blessing in disguise for both businesses and customers. Almost all banking services are now accessible with a single click. You can manage everything financial without having to visit a bank, from filling out verification forms to receiving credit cards and loans.
3. Metaverse And Crypto
Metaverse seeped into our life and became the buzz of the town and innovative digital transformation trend in the year 2020. Soon after, it was integrated into some of the most popular social media sites, like Facebook and Instagram, causing a major digital transformation trend. According to experts, this augmented virtual reality is what the future will look like, making it an even bigger phenomenon in the future.
When it comes to the metaverse, it’s impossible to ignore the soon-to-be king of all trades, Bitcoin, which is predicted to be a medium of exchange in the future world we’re entering. Bitcoin is at the top of the list for a decentralized system, followed by Ethereum and others.
4. Wi-Fi 6
Wi-Fi 6 brings a slew of new features to the table. It has a lot faster download speed than the existing one—at least 4 times faster. It can also support a greater number of devices. This is critical since the Wi-Fi network is expected expand more than fivefold in the next few years. Wi-Fi 6 are one of the most popular digital transformation trends. That’s more than Wi-Fi 5 can manage right now. As a result, the new Wi-Fi technology will save our connection in terms of both speed and data consumption.
It was first introduced during the second quarter of 2018. Now, Wi-Fi 6 is being supported by some of the flagship products of big companies. These include iPhone 11 and Samsung Galaxy S10. Intel’s 10th generation processors will also make Wi-Fi 6 accessible via laptops
5. Multi-Cloud Or Connected Cloud Solutions
With the continued growth of the cloud, the number of enterprises using it will only grow. Sales of cloud management software have been steadily increasing. This expansion has various implications. One of them is that the cloud will be scrutinized more closely. Businesses will discover that relying solely on one cloud provider is unsustainable. Aside from that, the form of adoption will be a consideration.
Many businesses will realize that adopting fully public or fully private cloud is not the best option. Each has advantages and disadvantages, and enterprises may require something that one provides but the other does not. As a result, the number of people who will use multi-cloud will rise. Multi-Cloud Or Connected Cloud Solutions are one of the most popular digital transformation trends.
This means that enterprise workloads will be run in a hybrid cloud architecture that includes both public and private clouds. After all, cloud-based business requirements are always changing. Security, application deployment, networking, cloud storage, and so on are among them. It may be difficult to meet their needs with a pure public or private cloud. Multi-cloud computing could be the answer. More software suppliers have started to offer this option after 2020.
Many large companies now offer private and public clouds as part of their services. Amazon Web Service (AWS), Microsoft Azure, IBM, Google, and Alibaba are the top five providers. Unsurprisingly, the majority of them provide ways to benefit from multi-cloud architecture, either directly or indirectly. IBM has Multicloud Manager, Google has Anthos, and Alibaba Cloud has a number of tools for managing multiple clouds. Azure and Amazon Web Services, on the other hand, provide customers with virtual machines through which they can link cloud services to their workstations.
The advancement of chatbots is amazing digital transformation trend and inextricably linked to the current state of machine learning and natural language processing (NLP). Because both professions have progressed in recent years, it’s only inevitable that the chatbot will as well. Instead, we’ll see smarter chatbots that are better at conversing and performing other duties.
They’re still a long way from having a really natural conversation with someone. Chatbots, on the other hand, are one of the most popular digital transformation trends in the retail industry. Chatbots help e-commerce enterprises in a variety of ways, including as conversational assistants, lead producers, and 24/7 availability.
Of course, their utility extends far beyond the retail sector. Siri and Google Assistant, two of the most popular chatbots, are excellent virtual assistants for consumers. Companies of various sizes utilize them to improve their client experience. This technique is also widely used in social media. While it appears that this tendency has been repeating itself in recent years, 2021 could be different. This is because major players are working hard to develop this invention dramatically. Take, for example, Microsoft Conversational AI.
It’s developing a platform that will help machines “hear” more clearly. It also tries to develop chatbots so that they can recognize and adjust to emotional nuances. Furthermore, MS Conversational AI aims to provide these conversational bots with the ability to keep up with complex conversations. Keep in mind, however, that this advancement and others like it do not guarantee that chatbots will enter a new era. Instead, they’re laying the groundwork to propel this innovation forward.
7. Fully Autonomous Vehicles
The automotive sector is undergoing a disruptive change due to rapid technological advancements and increased connection via the 5G network. Customers, too, are looking for modernisation. They want the industry to stay up with their demands and expectations. Customers prefer seamless connectivity along with the most convenient driving experience imaginable.
As a result, significant players are focusing on connected vehicles. This is, without a doubt, one of the most ambitious digital transformation trend movements in the automotive sector in recent memory. While this has been the buzz of the town for the past few years, things may change in 2020.
Fast connectivity is one of the required technologies for large-scale deployment of autonomous cars. As a result, as previously stated, its rapid growth may be linked mostly to the global deployment of the 5G network. Another necessity for the technology is artificial intelligence, which is undergoing a succession of advances.
Elon Musk, the CEO of Tesla and other forward-thinking firms, is arguably the most visible figure in this sector. He boldly stated that full autonomy would be achieved by the end of 2019. He used the phrase “feature-complete.” This enhances the features of his “advanced autopilot” models, such as lane changes and highway exits. Fully autonomous vehicles are one of the most popular and innovative digital transformation trends.
Tesla, on the other hand, is not alone in its pursuit of innovation. A competition for a fully autonomous vehicle is now underway. General Motors, for example, is attempting to launch a driverless cab within the next several years. Waymo, on the other hand, has self-driving cars that are currently roaming the streets under test settings.