According to an industry report published by Mordor Intelligence, “The global digital transformation market is expected to register a CAGR of 18.11% over the forecast period (2018-2023).” The report suggests a consistent increase in the number of enterprises using the latest digital technologies to improve product quality, business processes, and customer experience. The emerging digital technologies further help businesses to remain relevant and competitive in the long run.
But the businesses decision makers must remember that digital transformation is an ongoing process. The technologies trends these days keep changing at a rapid pace. The businesses must keep their digital transformation strategy flexible enough to adopt emerging technologies trends early and efficiently. While making digital transformation strategy in 2019, the decision makers must adopt some of these top technology trends.
1. Business Process Automation
The large enterprises have already most of the time-consuming and error-prone business activities. The digital transformation strategy also emphasizes making employees more efficient and improving business processes through automation. The business will need custom software applications and solutions to automate and accelerate time-consuming tasks efficiently. However, they also need to train and prepare the employees to use these apps and solutions optimally.
2. Cloud Computing
Many businesses already leverage cloud computing to store data and run applications in a flexible, secure and cost-efficient way. In 2019, more and more businesses will switch from on-premise software applications to cloud-based services and solutions. But they will focus extensively on cloud infrastructure management, optimize cloud service performance, and cloud computing cost reduction. Many enterprises will avail managed cloud services to optimize their business processes and improve customer experience by leveraging cloud-based technologies fully.
3. Next Generation Apps
Most enterprises these days implement bring-your-own-device (BYOD). They even allow employees to access business data and carry out business activities using their personal smartphones and tablets. But disruptive technologies like augmented reality (AR) are all set to transform both mobile devices and mobile apps. The businesses need to develop new apps and upgrade their existing apps to add both creativity and technical functionality. They will further build next generation apps by adopting emerging trends in mobile app development.
4. Blockchain Technology
Blockchain is no longer described as the distributed ledger used by popular cryptocurrencies. Many enterprises have already started experimenting with blockchain technology to facilitate collaboration and improve security. In 2019, leading tech companies will launch innovative enterprise applications driven by Blockchain. These Blockchain applications will enable businesses from various industries to solve real-time problems and facilitate transactional transparency. Many enterprises will leverage Blockchain to build custom enterprise apps according to precise business needs.
5. Internet of Things (IoT)
Many enterprises are yet to take advantage of the seamless machine-to-machine (M2M) communication facilitated by IoT. But IoT will soon make enterprises switch from conventional device to smart and connected devices. The businesses will leverage IoT solution to integrate devices, services, content and manpower seamlessly. They will even need sophisticated applications to gain actionable insights by analyzing a large amount of real-time data collected by connected devices. Many enterprises will use IoT to build next-generation consumer and business applications.
6. Artificial Intelligence and Machine Learning
Many enterprises already leverage Artificial intelligence (AI) and machine learning to transform their business operations. In 2019, more and more enterprises will embed AI and machine learning technologies in various business platforms. The advanced AI algorithms will help businesses to automate complex business processes and ensure a higher level of accuracy. However, businesses will need custom applications and solutions to modernize operations using these technologies. Many businesses will switch to next-generation applications that combine AI, machine learning and deep learning seamlessly.
7. Upgraded Cyber Security
The growing instances of data breaches compel many enterprises to open security department and avail of specialized security services. In 2019, enterprises will leverage disruptive technologies like AI and machine learning to modernize and optimize cybersecurity. Online conventional security mechanisms, AI and machine learning will enable organizations to predict security attacks on time. The prediction will help businesses to implement the measures required to combat security threats and prevent security attacks. These technologies will further help businesses to protect their apps and data continuously.
The technology trends keep changing from time to time. Also, the technology trends across industries. The digital transformation strategy must focus on identifying and adopting technology trends which are relevant for the specific business. It even needs to explore ways to optimize business processed by combining some of the hottest tech trends for 2019.