In the history of digital transformation, 2017 shines as a landmark year. The way it evolves it has completely transformed the norms of doing business. From managing accounts to the development projects, everything seems to revive with the touch of modernization.
Digital technologies including artificial intelligence, Blockchain, augmented reality, IOT and virtual reality played a vital role in the previous year bring inventions and innovations in diversified industries. According to the stats, those firms who adapted the newbies of the technological world have prospered with an average of 55% whereas those who remain oblivion of its wonders showed lower marginal rates of 37%. Though many captivating inventions hit the market, there remains much space for advancements for the coming years. Let’s check out the top digital transformation trends of 2018 summarized below:
IoT- A Strong Brick in the Digital Tech Growth
Once there was a criteria that to prosper at a double rate you need to be efficient in everything and have a profound skill set, however, now things have changed a little more. The entire criteria for success are based upon speed. Speed to get the best products delivered first, speed to load your site quickly, speed to bring innovations first, speed to follow trends and bring improvisations first. So it’s all about speed. As the attention span is shrinking day after day marketers are investing their utmost efforts to bring the best out of their campaigns quickly.
Within a short time, IoT has connected billion of devices together to ensure smooth flow of data. It helps organizations to establish a business on a much more firm ground with secured data handling process. From smart homes to hospitals, colleges to other industrial sectors, the wonders of IoT is spread wide across the horizon. As per the report presented by Gartner 8.4 billion devices are currently connected together via IoT. IoT opens an avenue to extract benefits out of other advanced analytics including edge computing, sensor tech, and 5G. The smooth flow of data raises the need for incorporated AI and machine learning techniques to make the system robust and flawless. Thus making the entire organization modernized and centralized. With IoT, firms started working more efficiently and showed a high-performance growth in almost every sector. The customers will be catered by instant options to shop from the vast collection. Everything will become more personalized. It will become easier to run a retail store or any online business.
Burst of Blockchain
You must have heard about bitcoins in the previous years. According to the research, bitcoins was the most searched term of the year 2017. However, when bitcoin started to shine in the lamplight its developing bot the Blockchain too started to enjoy the center stage. The crux of the point here is that Blockchain is about to become the next big topic of the year. Some think that Blockchain is only related to digital currency. However, that’s just one side of the coin. Blockchain has shoved its foot in the door having maximum potentials. It provides a highly secure manner of transferring data from one entity to another. In an encrypted format, the data is transferred which is then decoded by the experts to read. By doing so, the information remains secured and there is no fear of hacking or illegal invasion. Apart from using it for trading digital currencies, it can quite efficiently use for making digital identity authentication, for sending highly confidential credential and information while managing online payment methods as well. It has rooted itself in diverse fields and business sectors helping organizations to strengthen their infrastructure. Furthermore, the Gartner report stated that in February 2017, Blockchain becomes the most searched word for around 400%.
Need for an Increased Speed
Once there was a criteria that to prosper at a double rate you need to be efficient in everything and have a profound skill set however, now things have changed a little more. The entire criteria for success are based upon speed. Speed to get the best products delivered first, speed to load your site quickly, speed to bring innovations first, speed to follow trends and bring improvisations first. So it’s all about speed. ASs the attention span is shrinking day after day marketers are investing their utmost efforts to bring the best out of their campaigns quickly.
The Rise in Demand for Artificial Intelligence
Do you really think that Chat-bots, Siri, and Alexa are all that Artificial intelligence can introduce? Well, that’s just a tip of the ice burg. In the coming years from an industrial point of view, there remains a lot of scope and room for development. The development will prosper companies catering them with fast, efficient and robust facilities to connect, establish and communicate with their customers and services. The launch of Chat-bots and Siri is just a small contribution of artificial intelligence. The way Chat-bots can mimic a human brain there will be many other inventions that can skillfully cater users with mind-blowing facilities. From product deliveries to scheduling, customer support to content management every single digital task will be skillfully handled by AI-powered bits and algorithms. The world will beam with a new look of automation, and modernization.
Need for Digital Transformation
To some digital transformation was a mere subject to discuss, they remain to stick by their old traditions whereas, in the big picture they were the ones lagging behind However, tables have turned. Digital transformation has taken a front seat and it fell upon like an imperative need for companies to adopt. When it comes to security, data delivery, norms of doing business, manufacturing backend servers and handling customer support everything seems to evolve with digital transformation. The way brick and mortar stores are losing their charms without having a digital presence; traditional marketing methods are also not going to stay in the market for longer unless blended with some latest technology.
A lot is expected in the year 2018. Companies and brands are striving to implement highly advanced strategies to create a prosperous foundation for their organizations. Keeping so much optimism insight let’s wait to witness the wonders.
Romana D. Brown is by passion and professionally a Creative Writer and a Content Promotion Strategist. She is associated with some of the big corporate names and has been the part of writing business for 5 years. Branding, mobile app development, digital marketing, e-commerce tips and tricks, Entrepreneurship, web development company, designing and trending technology news are her forte of writing and her niches. Every day to night, she drinks coffee and writes impeccable content. To connect with her use these links: Facebook | Twitter | LinkedIn