Three Technologies to Accelerate Digital Transformation
There was a time when digital transformation was just another to-do item in most businesses’ agendas. After the Covid-19 outbreak, those days came to a forceful halt. Now, every company out there is looking for ways to accelerate digital transformation.
Based on my experience in the IT industry, I can comfortably say that these three technologies can drive the trajectory of the digital economy and accelerate digital transformation for businesses across industries. So, anyone looking for ways to speed up their digitalization processes should pay attention to them.
AI And Analytics
The value that artificial intelligence (AI) can bring to a company is unmatched. In fact, maximizing the business value of AI is no longer a challenge for most organizations. But when companies start integrating their AI strategy with big data analytics, the possibilities grow exponentially.
This is something that we are seeing more of every day, especially among enterprises. A survey by Dresner Advisory Services showed that 49% of large businesses have reacted to the pandemic by either launching new analytics projects or doubling down on their previous AI and data strategies.
The reasoning is simple: AI-driven analytics allow organizations to go beyond conventional strategies to tackle the effects of the pandemic. Believe it or not, there are always meaningful links between data points that can be taken advantage of through custom-development solutions.
This crisis is unprecedented, which means that the more data we have available, the better predictions we can make. Consumer behavior, industry trends, government-collected data, regulations and even macroeconomy information can all help businesses identify the path to the future.
Although the market for cloud computing services had already grown tremendously over the past decade, the pandemic gave it a new type of relevance. With most offices staying closed at least until 2021, remote work is looking like it’s here to stay. The same goes for the consumer side of things. Industries like edtech and telemedicine are growing strong during these times.
In this framework, having a strong cloud computing infrastructure has become a vital element of business operations. In order to accelerate its digital transformation, any organization can focus on these three aspects of cloud computing:
• Storage: Ideally, your company should deal with massive amounts of data on a daily basis. However, the costs of building and maintaining all the software and hardware necessary to run such a complex infrastructure can quickly get out of hand. Using virtual servers located off-premises can save resources and facilitate collaboration.
• Computing Resources:You are going to need to run operations and manage projects from anywhere at any time. Having strong computing resources is a must. Your best-case scenario is to have independent infrastructures for each project, making it easier for your enterprise to synergize workflows.
• Scalability:In a world where market fluctuations are an everyday thing, flexibility is essential. You’ll most likely need to scale your cloud computing infrastructure up and down. Look for a pay-as-you-use model that fits your digital transformation road map.
Internet Of Things
The internet of things (IoT) has stolen the spotlight for its ability to achieve business continuity and enterprise resilience by digitizing processes, minimizing contact and extending the efficiency of remote management. From managing indirect and direct operations via cloud computing to monitoring and controlling equipment remotely, the limits of IoT are hard to find.
What’s more, IoT solutions have proven to be extremely helpful when developing the flexibility and resilience needed to face unforeseen changes. Businesses that have implemented an IoT network are able to connect people with devices in ways that maximize the work efficiency of employees and build strong defenses against cyberattacks.
But I would say that the best way in which IoT can accelerate business transformation is by developing long-term competitive advantages. Make products and services “smart” through IoT facilitates connectivity, personalization and usability — all on-demand traits in the current and future market.
The post-coronavirus world will be driven by whatever technology strategies you implement now. I have no doubt that integrating modern technologies into business operations will be a requirement for success as we step into the “new normalcy.”
Right now, there’s a window of opportunity for organizations of all sizes to undertake improvements that will scale over time. With AI, cloud computing and IoT leading the way, tech-driven operations can be the key to tackle the challenges of today and tomorrow.
Author: Damian Scalerandi