Digital transformation refers to the utilization of technologies to create new business strategies, products, and fulfilling existing use-cases, allowing businesses to leave beforehand, increase productivity, optimize performance and decrease fees.
Digital transformation has grown to be the main goal of many businesses, industries, and sectors to acquire aggressive defendable positions inside the marketplace, adapting and enforcing enterprise based totally on technological tools and programs.
The pillars of digital transformation lie in innovation and technology, which permit businesses to compete and gain better outcomes. It is evident that this will continue as from the case of the 2019 survey with the National Association of Industrialists (ANDI) 59% of Colombian companies have carried out a digital transformation initiative. Continuing, the more use of technology will push the need for automation and optimization of resources.
Technological Trends for Digital Transformation in Companies
There are key technological trends that currently are giving organizations an advantage for the future, facilitating workflow and giving them the capability to offer exceptional offerings successfully. The need to optimize processes and adopt technology that will allow employees to add value has become evident. The market for technology professionals is increasing so much that it is becoming difficult to find individuals to fill roles- spiking salaries for many software engineers (Fahim Moledina discusses Alberta tech worker shortage).
Artificial intelligence (AI)
AI specializes in creating mechanisms for systems to mimic human intelligence from data. AI allows groups to layout business techniques, optimize manufacturing procedures, find regions with potential for lack of cash and time, and install resources successfully. AI helps humans to increase intuitive knowledge at speed as AI continues to evolve humans must as well and change their skill sets.
Blockchain
Blockchain includes a network of nodes disbursed and related, which secures data and offers extreme security, constructing an interconnected ecosystem resistant to security breaches. Currently, many organizations are in the infancy of leveraging blockchain and providing unique identification and certifications that are authenticated on blockchain.
Robotic Process Automation (RPA)
RPA has started to become more commercialized, there are many tools that help in automating repetitive tasks. Understanding software bots capabilities to help automate business processes is becoming more essential to automating repetitive tasks. In many companies now, there are computerized software program robots already performing numerous responsibilities to enhance worker productivity and decisions as well as increasing velocity in organizations. RPA enhances and will increase human abilities and can exponentially accelerate scale, accuracy, and performance at which groups operate.
Internet of Things (IoT)
IoT is the concept of connect devices to the internet and really leveraging the capabilities of all the data in the whole network that is identified. For example IoT enabled bodily devices have the ability to receive and switch massive amounts of records quickly and successfully with a community without human intervention. With IoT devices in place, groups can optimize information processing and clean data to make it usable in a rapid way.
Cloud Computing
This model affords big-scale internet connectivity offerings, giving far-flung entry to file storage and information processing. These solutions enable scalability, flexibility, operational agility, statistics interpretation, etc. Additionally, it lets you expand, take a look at, and put in force applications without building complicated infrastructures. Also, it enables collaboration of teams by sharing information while controlling permission from anywhere and at any time, enhancing the enterprise's overall performance.
Data Intelligence (Big Data)
Business Intelligence is expanding to the widespread amount of dependent and unstructured data that businesses load and control to be processed and saved, for making greater accurate and strategic choices. Companies that put money into this service are statistically reaping benefits of higher profits by multiple studies.
Often, we consider that the best implementation of strategies is grown for organizations to through the organization's exploration of their offerings and abilities, which often has helped organizations keep up with current digital trends. Enterprise architecture withing organizations and business capability modelling sometimes are forgotten in trends, but organizations not only need to invest in digital tools but their people to use the tools and lead organizations digital initiatives.
Fahim Ekbal Moledina regularly helps businesses enhance their customer experience and increase client satisfaction and scale by optimizing service design and leveraging technology and is the Principal Consultant for Opti-Syn Consulting and is a business leader with expertise in IT, project/change management, finance, lean/agile methods, as well as marketing and sales. He has a passion for providing technology solutions and has led multiple business transformation projects and is located in Edmonton, Alberta.