Posted on: May 24, 2017
We’ve talked about digital transformation before, so what is it? According to Constellation Research, digital transformation has to do with the way in which organizations are able to transform and develop new business models and business culture with the help of digital technologies.
If you’re interested in digital transformation for your enterprise, then, you should also be interested in the upcoming technologies that could make an impact on the way we get things done. How does technology play such a significant role in digital transformation, and which technologies should you be keeping an eye on? Read on for the answers to these questions.
Technology’s Role in Digital Transformation
Whenever technology begins to evolve and change, people are forced to adapt to these changes and embrace them, or be left in the dust. In fact, the founder and Principal Analyst of Constellation Research has noted that since the year 2000, more than half of all Fortune 500 companies have either been merged, been acquired, gone bankrupt, or fallen off the list as the direct result of a failure to create new digital business models based off of technological changes and advancements.
Why is technology so important to our day-to-day processes? It’s the constant attention to both convenience and engagement. As technology advances, it makes our lives simpler and more streamlined while also helping us to stay on top of what’s going on in the world. Technology is advancing rapidly, and each time it does, we are given more and more information right at our fingertips. We create completely new business models and our culture shifts. In recent years, five technologies have been the underlying sources of all digital transformation:
- Cloud Computing
- Big Data
- Unified Communications
Digital Transformation in the Near Future
We know what has been important in shaping digital transformation since the 1990s, but what about going forward? If you hope to stay ahead of the curve and keep your business moving in the right direction, it’s wise to be aware of the technologies that are going to make a major impact on digital transformation in 2017 and beyond. These are the technologies that are most likely to improve customer experiences, streamline day-to-day business operations, and help us make faster, better, more-informed business decisions:
- Internet of Things
- 3D Printing
- Virtual Reality
- Block Chain Technology
- Artificial Intelligence
Which of these six technologies will play the biggest role in digital transformation? Which will have the greatest impact on the largest number of businesses? While only time will tell, many experts including Wang agree that Artificial Intelligence will be the biggest game changer. Already, people are speaking with Cortana and using conversations as a service. We’re starting to talk to our phones and devices in our houses, and things will only evolve from there. It’s fully interactive as the technology learns from you as an individual while also gleaning information and interpreting data from countless sources in record time.
Remember – it’s not the technology itself that results in digital transformation, but the ways in which business models and engagement are changed and shaped through the use of these technologies. The more usable the tech, the more likely it is to result in digital transformation. Because AI is in the lead as far as user engagement and user friendliness go, we expect to see a lot from this particular sector in coming years, but the more that we learn about the other five “way of the future” technologies, the more we will see them shape our businesses and way of life.
Learn more about the six technologies that you should be looking out for by reaching out to the professionals at Uncommon Solutions today.