In the past 2 years, several businesses had to be shut down due to the pandemic. However, the crisis resulted in increased technological adoption, which has accelerated digital transformation across industries. Consequently, businesses have begun to use disruptive technology to boost corporate growth, productivity, and customer value. Consumers have begun to transition to online platforms as a result of rising smartphone use and pandemic consequences.
So, whether you manage an escape room in Bangalore or are a freelancer aspiring to make it big in the entertainment industry, there are some intriguing technological developments on the horizon that you should look out for! Here is a list of 12 digital transformation technologies and trends that will dominate enterprises in 2022
Next-generation computing will aid in the discovery of solutions to problems that have plagued science and society for years, providing corporations with unparalleled capabilities.
It covers a wide range of technologies, from quantum AI to completely autonomous vehicles, and as a result, it won’t be a priority for many businesses right once. Identifying whether you’re in a first-wave industry (such as finance, travel, logistics, global energy and materials, and advanced industries) or whether your business relies on trade secrets and other data that must be protected during the transition from current to quantum cryptography is the first step in preparing for next-generation computing.
Blockchain technology underpins cryptocurrencies such as Bitcoin and Ethereum. The adoption of blockchain and the technology and products that it supports will continue to significantly impact company operations. However, blockchain technology is much more than a mechanism for sending and safely receiving cryptocurrency. It can be utilized in a variety of applications outside of finance, including healthcare, insurance, voting, social benefits, gaming, and artist royalties.
The global economy is prepared for the blockchain revolution, with technology already having an impact on business and society on many levels. Eight of the world’s ten largest corporations are developing blockchain-based products. Any sector or organization that records and oversees transactions of any sort will profit from implementing a blockchain platform.
Forward-thinking companies are already constructing metaverse places – virtual worlds where users interact with each other and their surroundings via avatars. Some even allow citizens to hold virtual assets on the blockchain and exchange them as non-fungible tokens on the open market (NFTs). Businesses are preparing for a drastic transition even as the metaverse’s technology is being developed. While many people view it as science fiction hype,
it’s crucial not to ignore it entirely. We’re starting to see how more companies are attempting to figure out what’s going on and then looking for ways to experiment in today’s metaverses. Exploring NFTs, utilizing virtual real estate, or purchasing a virtual reality headset to immerse yourself in these worlds are all possibilities. If your company doesn’t try new things, it may fall behind the curve.
4.5G all the way
5G is predicted to be widely available by 2022. Although global 5G sub-6GHz deployments have been on track, the rollout of more complicated 5G millimeter-wave networks has substantial growth potential. 5G is projected to alter business models and operations by drastically improving how services are provided to users. This network will offer more density, lower latency, and quicker speeds than 4G.
Companies, particularly cloud service providers, will need to invest more in network infrastructure to fully benefit from 5G. In the interim, CSPs must work out how to provide 5G services in the most efficient manner possible. 5G will change the game and have a greater seismic impact than any previous wireless technology progression.
Eight out of ten firms (79%) feel 5G would have a big influence on their business, with 57 percent believing it will be “revolutionary” – compared to less than a quarter (24%) who said the same about 4G. And 5G expectations aren’t just high: they’re diverse, with the majority of respondents expecting to experience these benefits within the next four years.
CDP is a software package that generates a consolidated, durable customer database that can be accessed by other systems. It’s a pre-built system that collects client data from a variety of sources and makes it accessible for other systems to use in marketing campaigns, customer service, and other customer experience activities. Many firms worldwide have jumped on the CDP bandwagon in the last two years to acquire a better understanding of customer behavior. This has aided in the creation of a single consumer profile by combining anonymous digital data with an individual’s identification.
Marketers have been able to boost the level of personalization experienced by end customers while also collecting this data in real-time by employing a complete data-driven marketing strategy. Customer data is being generated at a faster rate than ever before, so it’s no wonder that 64% of marketers believe data-driven marketing is critical to business success in today’s hyper-competitive global economy. Customer data platforms, or CDPs for short, are critical.
In the digital era, technological innovation has significantly changed the face of competition. Furthermore, the rate of evolution is fast, making it unexpected in today’s digital world. As a result, the majority of business leaders plan to increase the use of technology to boost digital transformation services.
The impact of COVID-19 has enhanced the importance of technology, one of which is the Internet of Things. The Internet of Things (IoT) is a network of interconnected, internet-connected objects that can gather and transmit data without the need for human interaction across a wireless network.
The Internet of Things (IoT) has become increasingly important in connecting businesses and workers in recent years. It’s become a vital component of the digital workplace, even if it’s just because of the amount of data it can collect. Outdoor factors such as light intensity, position, flow, pressure, force, and temperature can all be monitored with IoT sensors. They also take physical inputs and convert them into raw data. Following that, the data is digitally captured in order to analyze the activities.
As a result, businesses from all sectors try to embrace IoT as one of the most advanced digital technologies.
7.Hybrid Cloud Architecture Adaptation
The capability of both private and public clouds is combined in a hybrid cloud. Private cloud services, on-premise infrastructures, and public cloud are all part of the computing, storage, and services environment. Enterprises have profited greatly from hybrid cloud functionality.
Many tech behemoths have made significant investments in this technology. They want to integrate Hybrid cloud with agile technologies to meet enterprise-specific needs like data protection and confidentiality while also adhering to industry standards.
8.Artificial Intelligence in Practice (AI)
One of the most significant technological developments in artificial intelligence (AI). The development of artificial intelligence is still in its infancy. As technology advances, it will be used to further build tech-based tools, such as teaching machines to spot patterns and then act on what they have discovered. By 2024, AI-generated speech will account for more than half of all human-computer interactions. However, businesses are still looking for methods to make AI work for them.
Experts say that while any firm can benefit from AI if it is used efficiently and in a repeatable manner, just about a quarter of respondents report a major impact on the bottom line.
9.Revolution in Biotechnology
A convergence of biological science advancements is promising to have a huge impact on economies and human lives, affecting industries ranging from health and agriculture to consumer products, energy, and materials.
The bio revolution, propelled by AI, automation, and DNA sequencing, promises the creation of gene therapies, hyper-personalized pharmaceuticals, and genetics-based food and exercise recommendations.
These technological advancements will open up new industries, but they will also raise some serious ethical concerns. “Organizations must evaluate their bQ, or biological quotient, which measures how well they comprehend biological research and its ramifications. They should next decide how much money to devote to biological technologies and capabilities, as well as whether to incorporate them into their existing R&D or partner with science-based start-ups,” says McKinsey, one of the top consulting firms in the world
10.Transformation & XaaS
Everything as a Service, or XaaS, has recently acquired popularity in the commercial world. It includes cloud service delivery mechanisms as well as a variety of products and services available over the internet. It simplifies technology deployments while enhancing service accessibility. It also improves agility and makes digital transformation easier for businesses. As a result, businesses will use XaaS to take advantage of its features and capabilities.
Environmental, social, and governance (ESG) investing (also known as “socially responsible investing,” “impact investing,” and “sustainable investing”) refers to investing that promotes optimal ESG elements or outcomes. Identifying ESG relevant data and putting structure around its collection, cleansing, and curation is crucial for assessing your company’s current state, modeling future scenarios, and tracking progress against your ESG plan.
Breaking through data silos inside your own company is difficult enough, but dealing with supply chain data from outside your company is even more difficult. Small and mid-sized businesses frequently lack the necessary resources and turn to PaaS as a solution. As a result, ERP providers will begin to alter their offerings to satisfy ESG standards, and tech companies will begin to add ESG-related capabilities to their existing products.
12.Clean technology trends
Clean-tech trends include renewable energy, cleaner/greener transportation, energy-efficient structures, and sustainable water consumption. Advancing clean technologies also promises an abundant supply of green energy to fuel exponential technological growth, such as high-power computers.
Clean-use tech’s is becoming more prevalent as costs fall, and its disruption is seen across a growing variety of industries. “Companies must establish operational improvement programs linked to technology development, procurement, manufacturing, and cost reduction to stay pace with rising business-building prospects,” McKinsey argues.
Digital transformation will continue to evolve at a rapid pace through 2022 and beyond. By boosting global business movement and the digital economy, these trends will transform the corporate world. The aforementioned trends will have a significant impact on the digital world as we know it today.