Digital Transformation Trends Shaping The Future To Watch Out In 2023
Pandemic farmed many changes in the world we look at, it changed the way we live, it changed businesses, their employees, and their customers; most of the companies shifted remote, online working experience than in-person interaction. Digital Solution is now essential to running the operations.
Changes are inevitable, and companies need to find new ways to change according to the technology that customers are adopting. According to a Mckinsey survey report, two thirds [2/3] of B2B customers prefer technology (digital solutions) over human assistance when making a purchase.
What is Digital Transformation?
Digital Transformation is the process of adopting and using the new technology by a company to transform the current business process to meet the business goals. As mentioned above, the world is changing, customers are adopting new technology, and employees are finding new ways to work.
According to Statista, spending on Digital transformation technologies is expected to reach 2.8 trillion US dollars by 2025. Digital transformation is not a one-time process; it is a continuing process of adopting technologies according to customer and business needs.
Top Five Digital Transformation Trends shaping the future
Automation is the use of technologies in business processes to run themselves, it may be Robotic Process Automation, Hyper Automation, Low Code- No code Platforms, goal is the same: to increase efficiency and productivity. According to Gartner, 70% of organisations plan to implement Infrastructure Automation by 2025. The worldwide RPA software market is projected to grow at a double-digit growth rate in 2023, growing 17.5% year over year.
2. Cyber Security
According to Statista, Digital digital population is increasing rapidly; as of April 2022, more than 5 billion people were using the internet, which is 63 percent of the global population, and of these 59 percent are internet users. As the business operates, it needs a large amount of storage facility to store an enormous amount of data, including information about the internal business, personal information about their customers. Increasing online users and data storage demands high levels of security for companies. Recently, Cloudflare stated that they have blocked an average of 57.9 million cyberattacks per day, an increase of 10% over last year in a total of 18 billion attacks. Cybersecurity emerges as one of the emerging trends in digital transformation that companies need to adopt.
3. Hybrid Modern Workplace
Not only the pandemic, but employee satisfaction forced businesses to shift their current workplace model to hybrid. Hybrid Workplace helps employees maintain proper work-life balance and also boosts their productivity. A hybrid workplace is a proper mixture of office and work-from-home combinations. According to a survey by Gallup, 54% of the employees say that they expect a hybrid type of working arrangement by shifting their time between working at home and the office as well.
4. Cloud Technology
Cloud technology is transforming the way businesses work; more companies are shifting their data centres to the cloud, which makes businesses work faster and with more efficiency. It helps companies store and access large amounts of data from anywhere in the world at any time. According to Gartner Forecasts, end-user spending on end-user cloud products will reach nearly $600 billion in 2023, which includes IaaS, DaaS, PaaS, SaaS, and BpaaS.
5. Artificial intelligence and Machine Learning
Artificial intelligence is another best technology that streamlines and automates the business process. AI-powered software is ruling the software market by automating and reducing human interference by providing customised, valuable, and insightful data using modern technology. It can save effort and resources and boost productivity as well. The desire of reducing the cost and increasing business output is driving businesses to adopt AI and ML-based software technology. Recent survey report found that 52% of companies have accelerated their AI adoption plans, with global spending on AI systems set to increase from $85.3 billion in 2021 to over $204 billion in 2025, according to IDC.
Digital transformation is not a continuous effort to innovate and adopt new technologies. Business innovation and growth are driven by people, processes, and new-age technology solutions. To Know More about Our Digital Transformation Services, Visit https://www.totalebizsolutions.com/about-us/