The concept of digital transformation is quite extensively discussed in many organisational forums. It can be traced back to the mid-twentieth century where leading businesses have been on the digitalisation route for decades, even by the most conservative views.
Digital change, on the other hand, has created a new urgency in the last two years. As businesses have dealt with the after effects of the epidemic, digitisation has become an important future strategy. Looking at a year ahead, it is obvious that digital technology will continue to play a key part in business strategy and performance.
In general, digital transformation is the integration of digital technology into all aspects of an organisation, resulting in major changes in the way businesses function and give value to customers.
Beyond that, it is a cultural paradigm shift that necessitates organisations challenging the status quo on a regular basis, conducting frequent trials, and becoming comfortable with failure. This may include abandoning long-standing business processes on which businesses were founded in favour of relatively fresh practices that are still being defined.
Top 6 Digital Transformation Trends of 2023
Cybersecurity and data protection
In 2022, the General Data Protection Regulation (GDPR) will be at the forefront of digital transformation. Because online transactions have expanded as a result of the pandemic, cybersecurity has become increasingly crucial. Since many businesses have shifted to a remote working environment, improved security has become more important.
In 2022, one of the most important features of technology and commercial interactions will be security. As businesses realise that their applications and automation must be secure in order to gain consumers’ trust, security-by-default will become a need. In the coming year, you can expect a high importance to be placed on transparency and safety.
For example, Mark Zuckerberg was in the news in 2018 for a significant security breach at Facebook. About 50 million Facebook users were affected. With millions of data breaches, some large corporations and government agencies have faced privacy lapses.
Business process automation
In 2022, business process automation will be a must-have digital transformation trend for businesses. Small business automation, in particular. Small business owners must use business process automation in all parts of their operations to stay ahead of the competition, whether it’s accounting, marketing, or customer service.
Automation will no longer be limited to enterprise-level organisations next year, especially as more affordable solutions become available.
According to a Gartner report, 77 percent of firms employ a combination of integration, automation application development, and artificial intelligence (AI) tools in their daily job.
AI will be able to automate repetitive or dangerous work. Manufacturing, supply chain, marketing research, and other industries will benefit from this technology too. Many organisations, notably Amazon’s Alexa service, already use this technology. Machine learning technology can aid business with choices and predictions by enhancing predictive analytics.
Cloud-based solutions
Cloud-based solutions are growing more popular as a result of their numerous advantages, such as scalability, cost savings, and ease of use. Many businesses are abandoning traditional on-premises software in favour of cloud-based options. Running corporate applications in the cloud is more efficient and cost-effective.
Improved data security is required for businesses and industries that use digital technologies. As technology advances, so are the threats posed by hackers, necessitating the enhancement of data security measures.
Cloud-based services boost cyber-security features and keep data safe for businesses. Digital innovation will compel enterprises to use cloud solutions to prioritise data security starting in 2022.
Hybrid work
In 2022, hybrid work environments will be the most popular digital transformation trend. They are rapidly expanding, and their workplaces are changing as well. Employee expectations are rising as the future of work becomes increasingly connected.
In order to enhance efficiency and retain talent, businesses are being compelled to adapt and create digitally connected experiences.
As workplace standards evolve, more and more organisations are relying on hybrid or virtual connections to their workforce. Employee expectations have changed, and the work-life balance has adjusted to enable more time for activities that are not related to their employment.
To increase productivity and retain employees, businesses need to provide digital-first and connected experiences.
Digital banking
Businesses upgraded their digital assets to better operations in 2022, indicating that digital transitions are unavoidable. The rate at which firms transition digitally will not slow down in 2022.
Digital banking will be one of the top digital transformation trends by 2022. From loan applications to digital payments, the majority of financial services are now available online. In the approaching years, digital banking will become more popular. In the financial sector, this will have a huge transformational influence.
You may have noticed that a number of organisations have begun to provide loans and credit cards over the internet. Document verification and other evaluations are now completed entirely online. This is the way forward for financial services. With few clicks, you may apply for loans and pay the bills online.
5G and Internet of Things (IoT)
The 5G network heralds the arrival of the next era in mobile communication. The speed with 5G is projected to take roughly one millisecond to reply to orders, compared to 200 milliseconds for 4G. Businesses that rely on the Internet of Things (IoT) can profit from 5G’s increased efficiency in a variety of ways.
Investing in the 5G network and growing the usage of IoT in the workplace will help you cut down on all productions that are influenced by a company’s decision. 5G offers increased bandwidth, greater installation flexibility, increased dependability, and improved security. The arrival of 5G provides faster broadband speeds and more reliable mobile networks to end consumers, paving the way for a much more connected future.
