Technologies Enhancing Digital Transformation: Digital transformation was once considered a way to stand out from the competition and become more efficient but today it is an inevitable need. Thanks to COVID 19, digitization is now more than just a buzzword and has completely redefined the business world making new technology vital to business survival.
Digital transformation and technology go hand in hand. But few things that should be considered essential for adapting digital transformation solutions are developing a culture of collaboration and business outcomes driven by values. Digital transformation requires adopting technologies and strategies that strengthen these two essentials.
Let’s find out which digital transformation technologies enable this transformation journey.
IoT or Internet of Things is making visible changes in operations and products across industries. With Industrial IoT, manufacturers are making a huge leap into digital transformation and are updating their operations. In the retail sector, IoT is being used to enhance consumer’s experience and bring more satisfaction. Telemedicine in healthcare is proving to be a breakthrough by providing remote medical assistance.
IoT helps in providing greater insights and analytics, enabling flexibility, increased efficiency, innovation and better customer satisfaction.
Mobile applications bring portability and adaptability into a business by ensuring connectivity just a finger touch away. It is also essential for wider implementation of technologies like IoT, AR, etc.
In the manufacturing industry, mobile brings myriad opportunities along with it. From using AR on mobile to provide remote assistance, to using them for reviewing CAD designs, creating quotes for custom pricing, mobiles are helping in gathering data from consumers as well. With 5G on the way, mobile will surely become even more powerful.
Cloud is an important component for adopting digital transformation solutions. It provides flexibility, agility and scalability to business. Cloud enables easy management of large data sets ensuring security and cost effectiveness.
In the coming years, companies will be able to choose from hybrid, public, or on-premise cloud services based on their requirements. According to experts, hybrids will be more popular in the future.
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4. AI and Machine learning
Artificial intelligence is becoming the core of business today and is helping companies aiding their decision-making process and operations. With the huge amount of data being produced every day and machine learning technology; AI is being used to provide excellent insights into business and consumers’ choices. Healthcare, retail, automobile, IT industry, etc have already started using AI and machine learning to improve their operations and productivity.
5. Augmented Reality
Augmented reality enables a connection between the physical and digital world. While it is already established in several fields, AR possesses huge potential in the industries untouched by it. AR takes human and machine interaction to another level helping businesses to improve their quality, productivity and provide knowledge training, transfer and customer support services.
Paving the way for intuitive methods of dealing with technology changes, AR is revolutionizing how we interact with digital systems. Every industry will see a boom of AR-driven technological changes in times to come.
6. Digital twin
This is another digital transformation technology that will help businesses in reducing the gap between the digital and physical world. Digital twins can be simply explained as a copy of the physical things like processes, products and tasks. It can be leveraged to understand and predict the physical counterpart by collaborating, simulating, and measuring the physical counterpart. For example in healthcare, it is being used for better diagnosis. In the automotive industry, it is optimizing manufacturing.
Digital twin enables real-time data-driven decisions. It also helps in designing a new process, exploring new opportunities and improving the existing process of business. It will give a clear visualization of products to organizations while being tailored to different roles in different industries.
7. Real-time analytics and big data
A lot of digital transformation solutions adopted by companies are data-driven which means that data facilitates their working and provides big business insights. But the challenge is processing the data. Data is mostly present in fragments and is difficult to organize. This sometimes adversely affects the business. Big data analytics makes this process easy by applying data analytics to process the huge data and extract useful information. This data is then used by the business for strategizing and taking decisions. The tangible results provided by big data help organizations with their transformation.
Automation is the most adopted transformation trend and Robotic Process Automation is one of the emerging methods for automating the business. It generates incomparable value when integrated with digital transformation technologies like machine learning and AI. It takes the load of mundane tasks off of an employee’s shoulders and helps them to focus on important tasks.
RPA also enables robotics to work beyond repetitive tasks and find scope in areas requiring more human capabilities like decision making and analysis. It brings accuracy, efficiency and speed to business tasks.
These eight technologies are some of the most common digital transformation technologies but they are not the only tech that enables digital transformation. These technologies must be deployed based on the needs of the organization and the end goals. Implementing them does not mean that a company has achieved digital transformation. It is an ongoing process and requires continuous work.
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