A few years ago, only big corporations with a focused objective of rapid growth invested in augmenting themselves from the inside out to thrive in a potentially highly competitive future. But today, even SMBs are coming forward to invest in business transformation approaches that involve capitalizing on powerful new digital technologies and trends.
Modern businesses need to operate more efficiently and establish themselves in new markets faster than before. Additionally, many businesses are also focusing on improving customer experiences in order to improve business outcomes. It’s safe to say that business transformations will be gaining even more momentum this year.
However, achieving such a transformation is a big challenge in itself. As a first step, IT teams should devise a digital strategy that addresses all the limitations of the business including legacy technology limitations, and make the most of all the strengths of the business.
Here are a few important trends that could help a business succeed in transforming itself efficiently.
Focusing on one digital approach
A recent DXC Technology report found that companies tend to invest in a single digital approach to accelerate business transformation. There certainly will be a lot of big strategic commitments involved. Another surprise is the fact that many organizations are actually avoiding hybrid traditional digital strategies and going for an approach that can essentially unify their business without compromising its integrity and security.
Leveraging next-generation IoT platforms
As new IoT platforms pop up, businesses are exploring new opportunities to merge their traditional data sources to new ones, obtain more accurate data inputs, enhance existing real-time data analytics capabilities etc.
Cloud & AI for a smarter IT infrastructure
Businesses are closing in on realizing the idea of a smarter IT infrastructure. To make it happen, many businesses rely primarily on the cloud and Artificial Intelligence. An effective combination of the cloud and AI can help build an ecosystem driven by AI-powered applications with nigh unlimited resources. Such applications grant more power to users while also offering lower reaction time and better, more localized analytics.
Improving services with better decision-making capabilities
Companies have realized that data is the key to a faster growth. They now mine tremendous amount of data to uncover valuable information that will help them make informed decisions. This trend has led to an increasing demand for AI & ML-based tools and big data analytics capabilities. Making more educated decisions subsequently improve the services an organization offers.
Shutting down enterprise data centers
Data centers are slowly going obsolete, and it is evident this year. The proliferation of the cloud led companies to shift their workloads onto the cloud. Many companies move their mainframe workloads to specialized data centers while most others are shutting down their data centers. Traditional data centers are running out of steam. But the bright side is that companies can serve distributed customers better and access higher bandwidths to improve functionalities.
Business transformation is the initiative enterprises are most keen on taking this year. They adopt different approaches for the purpose but often fail to realize that sometimes it’s the little things that could have the biggest impact. The trends mentioned in this blog should help an enterprise in its venture to trigger a transformation to thrive in a competitive world. If your enterprise is on the lookout for next-generation digital solutions that can facilitate digital transformation, AOT can help you build one instead. Talk to our experts to learn more.Image created by rawpixel.com – www.freepik.com