According to Servion, 90% of all businesses will be digitalized by 2025. Businesses have already started spending heavily in digital technologies like big data, cloud computing, and artificial intelligence.
This transformation affects a wide range of industries, including manufacturing, transportation, healthcare, retail, financial services, and logistics. Businesses that want to stay agile and competitive must constantly study the latest trends in the market and implement solutions that will help them run more efficiently.
To help you keep on top of the latest changes in corporate and consumer technology, we’ve put together a list of the most significant digital transformation trends predicted to impact our lives in 2023.
The top digital transformation trends changing the world
The current transformation of the corporate world is being driven by a number of different forces. Chief amongst these is the unparalleled growth of internet connectivity, with more and more people going online and using social media to share their thoughts and experiences. This has led to increased expectations for organisations to be transparent, honest and accountable in their practices.
Fortunately, this need can now be fulfilled thanks to a host of powerful and cost-effective digital technology solutions that are now available. This is enabling companies to meet customer needs better than ever before and build stronger relationships with them based on trust.
Artificial Intelligence (AI) and Machine Learning (ML)
Artificial Intelligence (AI) and Machine Learning (ML) are two big buzzwords in the tech world, and for good reason. Businesses are now able to use AI-driven software to automate a number of processes, from marketing analytics to customer service. AI-driven software can also help companies identify patterns in data that would otherwise go unnoticed, thereby allowing them to make better decisions and gain insights into customer behaviour.
AI-based tools allow businesses to recognise, produce, and improve the following:
- transformation trends
- accurate forecasts
- efficiency of operations
Machine Learning (ML) is a form of artificial intelligence that allows computers to learn from data and improve their performance over time. This technology is being used to optimise customer service, predict customer preferences, and automate market analysis. ML technology has the potential to radically change the way businesses operate and provide a competitive advantage.
By outsourcing these services, businesses can save a lot of time and money while gaining access to powerful tools that help them create unique customer experiences.
Cybersecurity and Data Protection
Cybersecurity is an ongoing challenge for businesses and governments alike. Cyber-attacks are growing in frequency and sophistication, making it more important than ever for businesses to invest in proven cybersecurity solutions. Information security, or cyber security, refers to the measures taken to protect it from unauthorised access.
Data protection and privacy are becoming increasingly important topics, as personal data is now the most valuable commodity. Companies must ensure that data is stored securely, and access to it is restricted to authorised personnel only. This can be done through a combination of encryption and authentication technologies.
The need for increased cybersecurity stems from the following cybersecurity threats:
- social engineering
- ransomware attacks
- mobile device vulnerabilities
- IoT connections
- third party exposure
- configuration mistakes
- cyber hygiene issues
- cloud susceptibilities
The pandemic was a wake-up call for many organisations who lacked digital transformation capabilities. Hastily adopting new trends during such a tumultuous time left them exposed to increased cybersecurity risks, resulting in a surge of cyber-attacks and security lapses. This calamity has finally forced companies to acknowledge the necessity of cyber security protocols and realise that failure to implement quality standards could cause catastrophic damage not just to their organisations but to entire industries.
Migration to the cloud is at an all-time high. By 2025, Gartner predicts that more than half of Enterprise IT spending will have shifted to the Cloud. It’s easy to understand why. Organizations can easily and effectively adapt to changing business requirements thanks to cloud technologies. It gives organisations more flexibility, scalability, and agility.
Cloud architecture also offers greater security and reliability than traditional IT models. Cloud-based networks are safer, as they can be easily configured to detect, prevent and respond to potential threats. Additionally, cloud services are highly cost-effective, as businesses no longer need to purchase costly hardware or maintain their own IT infrastructure.
Multi-cloud offers the most digital flexibility, bringing with it:
- improved security
- application deployment
- cloud storage
The best cloud technology to manage memberships is a Software as a Service (SaaS). Organisations can leverage new transformation trends to strengthen relationships, boost engagements, and automate tasks.
Robotic Process Automation (RPA)
RPA is a transformation trend that is task-oriented. Automation tackles repeated activities at work using software robots and eliminates one or two existing manual processes for increased efficiency. With big data analytics, it delivers real-time knowledge of organisational trends, assisting organisations in creating more effective digital transformation trend strategies.
RPA automates manual processes, providing significant benefits to organisations. It reduces costs and processing times while increasing accuracy and customer satisfaction. RPA can also enable organisations to focus more attention on critical tasks, like customer service and innovation.
Additionally, RPA enables organisations to do the following:
- improve speed to market
- reduce expenditures
- increase business operation scalability
- automate manual tasks
- streamline workflows efficiently
According to Statistica, 93% of businesses plan to deploy Robotic Process Automation (RPA) in 2023. The most common use cases for RPA include maintaining invoices, migrating data, and auditing. In other words, for functions where a greater than normal possibility of human error exists. It takes an advanced approach to rebuilding the entire workflow for faster and more precise procedures, validation, and verification.
Building a tech team to follow transformation trends
Despite the challenges, organisations can reap the rewards from these emerging digital trends. But to do so, they must first build a robust technology team that can respond quickly to market needs and trends. The good news is that there are a variety of strategies to help organisations build the right team and create a culture that embraces change.
Businesses today need to remain agile and keep up with the latest changes if they want to stay competitive. By understanding the current trends, forward-thinking organisations can take timely steps to update their systems and remain relevant in the market. The result would be improved efficiency and cost savings which could yield long-term benefits. As experienced technology practitioners, 9NEXUS has developed a methodical process of identifying new opportunities for improving business processes. We have built dedicated teams that understand both technology and the business needs, and are committed to delivering value-driven results.
Finding the right software engineers can make all the difference when it comes to an organisation’s successful adoption of up-to-date technologies. These professionals not only help companies keep up with the latest trends, but they efficiently introduce new technology and business methods that can benefit the organisation in a variety of ways.
Organisations need to stay on top of the latest digital transformation trends in order to remain competitive. New technologies like Artificial Intelligence (AI) and Machine Learning (ML) can help organisations automate manual tasks, reduce costs and increase efficiency. Building the right technology team to respond quickly to market needs is also crucial for success. This not only keeps you ahead of the curve, but also gives you a competitive edge in an increasingly digitally driven world. 9NEXUS has the experience and expertise to help organisations identify new opportunities and stay ahead of the trends. Contact us today to learn more about how we can help you harness the power of digital transformation.