The most important trends of digital transformation in 2023
Dr. Krunoslav Ris, PMP?, PBA?
I help companies leverage technology to streamline operations, increase efficiency, and stay ahead of the competition. | 25+ Years in Tech | Consultant | Speaker | Author | ? Schedule FREE Consultation Call Today
Typical digital transformation trends include:
The journey is challenging, but with the right strategy, companies can benefit by streamlining internal operations and automating manual tasks that would otherwise take up a lot of employee time. Identifying where your company is in the various stages of business transformation and implementing best practices are also helpful.
Digital transformation trends help companies keep up with the latest business methods and technology changes. This allows them to improve efficiency. They can also help companies identify new opportunities to improve business processes.
Digital transformation encompasses four main areas:
In 2022, spending on digital transformation (DX) is expected to reach $1.6 trillion. By 2026, global spending on digital transformation is expected to reach $3.4 trillion.
source: statista.com
What are the trends in digital transformation?
Digital transformation is becoming increasingly crucial in the private and public sectors due to its enormous benefits. As companies become more global and interconnected, they must find ways to use digital technologies more effectively.
Leveraging digital transformation trends and themes is one approach to ensure you are moving in the right direction. By offering suggestions for improving your daily practices, trends can help you determine how your organization is responding to change and achieving successful digital transformation.
Adoption of low-code platforms
Low code is a development environment that enables non-technical users to build applications. It provides a user interface and drag-and-drop tools that enable business analysts and non-technical users to design and develop custom solutions without programming.
The use of low-code development platforms has increased in recent years due to their time, cost, scalability, and risk mitigation benefits. These benefits have led to new use cases such as:
We expect these solutions to be adopted by businesses as they progress, allowing them to determine whether certain digital products can survive in their ecosystem more quickly.?
Increased migration to the cloud
One of the most discussed topics in digital transformation is data migration from on-premises to the cloud.
Businesses increasingly rely on cloud technologies, especially when reducing costs, improving accessibility, and outsourcing tedious routine tasks.
As technology evolves and internet speeds increase, more and more businesses will move to the cloud, especially in countries where they have been slow in the past, to take advantage of all the unique benefits it offers.
For companies that handle sensitive data to adopt cloud technologies, cloud technology providers must strengthen their security model.
AI and ML
AI and ML are the most used technologies (chatGPT) among all digital transformation topics. AI is important because it can help companies make better decisions by providing insights into customer behavior, demographics, and preferences. ML is essential because it can help companies use data to create personalized customer experiences.
More and more software companies integrate these two technologies to help them develop the intelligence they need to free employees from tedious tasks and help management make wiser decisions.
领英推荐
Intelligent Search
The intelligent search uses machine learning, computer vision, semantic search, and natural language processing to deliver consumers more accurate and personalized search results. It breaks down enterprise data silos and enables information to be extracted from any data source.
Intelligent search can deliver faster results, enabling data in both structured and unstructured formats to be enhanced, searched, and analyzed.
Employees spend 1.8 hours a day searching for and obtaining information, an average of 9.3 hours a week!
Source: McKinsey?
Automation
Automation is one of the essential elements when it comes to digital transformation ideas.
Business process automation solutions help companies replace the human execution of internal procedures and accelerate productivity, improve customer experience, and digitize operations. Still, they require a learning curve to get a project off the ground.
More than 80% of business leaders say they are accelerating work process automation and increasing their use of telecommuting. The best way to accelerate automation is to select the right business process automation tools to deliver faster results with fewer programming skills.
Combined with digital signature software, these tools will transform the day-to-day operations of your business.
Customer data platforms
This technology connects various applications and databases to enable customer-facing data and analytics.
Customer data platforms manage customer information, analyze customer trends, identify opportunities for future marketing efforts, and build personalized customer experiences.
Customer data platforms allow you to bring together all the information about your customers from multiple sources in one place so that you can make better decisions.
Everything as a Service (XaaS)
XaaS is a new business model gaining the most traction among all ideas. "Everything as a Service" is a way to provide software to customers on demand. This model is an extension of the Software as a Service model, which includes access to applications over the Internet.
The XaaS model provides access to all services from a single provider, including infrastructure, data storage, and processing power.
What are the top 3 trends?
The top three trends include change management, increased cloud migration, and advanced artificial intelligence and machine learning technologies. These trends can help you become more competitive and adaptable, future-proofing your business model.
What are the current trends in change management in digital transformation?
The most critical trends in change management in the context of digital transformation are:
Companies need to implement these trends to support the change management process carefully.
If you need help with any of mentioned trends, or you need a digital transformation team that can help your business to grow, don't hesitate to ping us on email: [email protected]