December 2, 2021

Digital Transformation Trends that will Shape the Future in 2022 and Beyond

The covid-19 pandemic will continue to impact our lives in different ways. However, as we are very soon to enter a new year, the need for increased compute, sustainability, data volumes, network speeds, business intelligence, etc. will begin to regain their status as the most important drivers of digital transformation. This means that the accelerated rate of digitization and virtualization in the business world and society will continue to rise.

The mandated lockdowns and changes in the demands of customers and global markets during the pandemic are forcing companies to adapt to digital transformation trends that will shape the future.

“According to reports, 85% of enterprise decision-makers see the need for digital transformation in their businesses within the next two years”

But how can they do it? Well, it’s simple- just adopt modern business strategies that work best for you and integrate them into your business. If you are wondering what these trends are, then in this article, we’ve discussed the top digital transformation trends that will fuel technology-focused shifts in the business landscapes worldwide in 2022 and beyond.

Cyber Security

Overlooking cyber security among other priorities at the early stage of a company’s growth looks quite easy. Unfortunately tackling cyber security issues gets much harder as a business grows bigger. Therefore, the shift towards digital transformation has created opportunities for businesses to ensure data security and customer information safety with various levels of protection. Investing in reliable, compliant security solutions should be a top priority for businesses as cyber security becomes an integral part of every digital transformation strategy.

Emerging cyber security trends are as follows:
  • Securing digital assets
  • Cloud security
  • Cyber-incident management
  • Outsourcing cyber security tasks
  • Complex regulatory environments
  • Integrated Policies for Cyber and Physical Security
  • Vulnerability Databases
  • Decentralization and Blockchain

 

Cloud Computing

As the work culture went virtual and businesses adapted to the global pandemic by focusing on the delivery of digital services, cloud computing has exploded. And in, 2022, we will undoubtedly see continued rapid adoption and growth in cloud solutions. Rather than deploying cloud solutions to improve specific business functions, the cloud continues to grow and evolve with exciting and more holistic strategies centered on enterprise-wide cloud migration.

“According to predictions, the global spending on cloud services is expected to reach around $483 B in 2022”

 

Artificial Intelligence

In several industrial sectors, AI has been recognized as one of the central enablers of digital transformation. From Chabot’s, self-service, customer relationship management, to sales forecasting, lead scoring, business processes, meeting customers’ & markets changing needs, AI integration help companies become more flexible, innovative, and adaptive than ever.

According to studies, 58% of healthcare industry leaders are planning to invest in AI & machine learning to boost their digital transformation strategy.

Here are the AI and ML trends to look for:
  • Automated machine learning (AutoML)
  • AI-powered Automation
  • AI-enabled conceptual design
  • Multi-modal learning
  • AI-enabled employee experience
  • Responsible AI
  • Decision Intelligence (DI)

 

Data-driven Decisions

In recent years, there has been an unprecedented expansion in complexity & data volume. Big data brings in improved customer experience and real-time knowledge, for businesses to make better, more informed decisions, and adjust their product offerings and strategy based on buying behaviors.

“The big data and data analytics market is expected to reach almost $420 billion by 2027”

Data analytics is nowhere close to becoming redundant in the future, and it will continue to evolve with growth in predictive analytics, cloud-native solutions, business intelligence, self-service analysis, and improved AI.

 

Distributed Enterprise

With the massive growth in remote and hybrid working patterns, traditional office-centric organizations are now evolving into geographically distributed enterprises. The distributed enterprise edge basically changes the way in which businesses operate, with reduced networking costs, better performance, and greater deployment velocity.

In the future, the enterprise distributed edge will be essential in accessing the full potential of technologies like IoT, 5G, AI; micro services architectures, etc. across every sector.

By 2023, 75% of organizations that exploit distributed enterprise benefits will see a 25% faster growth than competitors.

 

Autonomic Systems

Autonomic systems are self-managing physical or software systems that learn from their environments. Unlike autonomous or automated systems, autonomic systems can dynamically modify their own algorithms without an external software update, enabling them to rapidly adapt to new conditions in the field.

This technology has already made an impact in recent deployment and complex security environments, but in the longer term, the autonomic systems will become more common in physical systems such as robots, drones, manufacturing machines, and smart spaces, etc.

 

Summary

Embracing digital technology in any way cannot digitally transform your business but provide ineffectual results. Businesses looking to accommodate digital-specific initiatives must first evolve their strategies and models to keep up. If properly implemented, digital transformation helps in providing new opportunities, refining customer insights, scaling services, empowering teams, establishing transparency, innovation, agility & personalized experiences in real-time.

Tags digital transformation technology technology in 2022