After the global pandemic and the increase in the usage of technology that followed, it should not come as a surprise, the amount that companies are spending on their digital transformation. The spending on digital tools, cutting-edge technologies, software, etc. that accelerate digital transformation is expected to reach $2.3 trillion by 2023. Going digital not just means deploying software-based solutions or using gadgets to do your daily tasks; enterprises have moved further to incorporate automation, cloud, data & analytics, digitization, blockchain and many such trends as an integral part of their business.
With digital transformation, businesses are growing rapidly. People are able to track their engagements, make informed decisions, save cost, speed up processes and do much more. Transformation is a part of growth and to stay in competition, businesses ought to make it in the digital world.
Top 9 Digital Transformation trends for 2023 are listed below-
Be it content creation, app development, beta testing, security check, or even concerts, meetings, or wedding functions, everything can be planned and to a great extent, even executed virtually. Virtual collabs are not limited to one industry, the industry being IT. It is applicable anywhere and everywhere. That is how much this field in digital transformation is trending.
AI also improves the customer experience by analysing their choices and providing with better recommendations and options, thereby also promoting new products or services that might interest them. It is thus beneficial for both customers and businesses.
If you possess the ownership, you can edit the data in it, store or delete data as per convenience; blockchain is otherwise immutable. Since after every transaction a new copy of block is created between the transacting parties and the blocks are not stored in one particular data centre, therefore it is impossible to hack into the system and alter anything, making blockchain the most secure.
Metaverse is a virtual interaction platform designed specially for the era of rising digital activities. Starting with simple texts and pictures to virtually architected spaces, video games and graphics, one can share all their life experiences online. Metaverse is here to change the course of all digital experiences. Not to miss out, AR and VR technologies play an essential role in enhancing this experience.
Virtual reality and augmented reality tools combined, help in collecting real life data and putting them all together in a virtual world to make the user experience more realistic. Artificial intelligence helps in integrating and applying all of these technologies in the metaverse, along with also taking care of the security.
Even now after the situation has come under control, many companies are deploying remote-work models and hybrid-work models. Companies are hence introducing and developing technology solutions for their new culture. Digital work culture is now an integrated part of all institutions, and it is a change that people do not want to undo.
Cloud provides storage, applications and computing services globally with easy access from anywhere, while edge computing extends the speed and big data processing capabilities to edge locations, making the transfer faster. Quantum computing makes use of concepts like quantum entanglement and makes communication between devices even faster.
All these three trending computing advancements play a major role in digital transformation. They provide the perfect platform, access and tools to make processes seamless and easy to use even by someone who is just averagely inclined to technology. This is the main reason companies are leaning towards computing services for their IT departments.
After being able to present those insights in a graphical manner, one may then decide what they choose to do with it. Making changes to under-performing areas, developing new operation strategy, making financial decisions, checking the progress of a new project or product, and much more can be done with Big data analytics.
Many of these platforms even offer free basic services and charge a nominal fee for domain purchase or other such premium features. Some of the trending low-code platforms are Creatio, Quixy, Zoho creator, Microsoft PowerApps, Google App Maker, etc.
Digital transformation is an ever-going journey. With the development of new technologies, there is going to be an advancement in the way we approach our daily lives. Keeping up with trends and adapting to that change is what a wise being will look forward to. With that being said, we hope this article has been informative to you.