It’s no secret that the advent of the COVID19 pandemic and the pivot towards remote work has made the need for digital transformation more urgent than ever.
This realization has made investments in digital transformation- adopting digital technology to improve efficiency and innovation- a priority among businesses.
The global digital transformation market
size is estimated to reach USD 1,759.4 billion by 2028, registering a compound annual growth (CAGR) of 23.6% over the forecast period, according to a new report by Grand View Research Inc.
There are several benefits to digital transformation, including:
- A better customer experience.
- Increased profits.
- Increased agility.
- Improved productivity.
- Data-driven customer insights.
But what are the future digital transformation trends that we need to pay attention to?
Here are the top five:
Hyperautomation uses smart tools for data-driven decisions essential to digital transformation. It enables organizations to integrate various digital technologies seamlessly across their business processes and legacy systems.
Hyperautomation allows better access to data and communication for all stakeholders and is the simplest way to reach scalability, efficiency, and reduced costs.
2- Cybersecurity transformation
With the rise of 5G and IoT devices, cybersecurity is being pushed to the forefront of digital transformation. Digital Transformation Officers must build cybersecurity into a company's organizational structure primarily due to the pressing security risk caused by the expansion of cloud services.
3- The growth of artificial intelligence
According to experts
, the AI market will grow 54% year-to-year from 2019 to 2025.
(AI) is now recognized as one of the main enablers of digital transformation in multiple industries.
It allows businesses to develop robust strategies, such as data transformation, after getting real-time input from market intelligence.
4- Low-Code tools
Low-Code tools could be an effective way to start a digital transformation journey since they make coding less burdensome and reduce the time and resources spent building digital solutions. At Tahaluf, one of our low code tools is Maestro, a web-based Business Process Management platform designed to make it easy for organizations to manage, automate and optimize their business processes.
5- Business agility
Agility is a crucial ingredient for a successful digital transformation enabling organizations to react swiftly to changing market conditions and helping leadership focus on strategic decision-making. Business agility includes adapting quickly while increasing customer focus, which results in significant revenue growth, steady cost reduction, and more efficient risk management.