2020 Digital Transformation Trends
Srivatsan Aravamudan Nemili / Dec 31, 2019
|2020 Digital Transformation Trends|
Another year had gone by and technologies are growing at a rate and enterprises are struggling to catch up. Investing in technology is not an option anymore. A business that is on the look-out for a new edge are experiments on new ways of doing things, most of them related to the digital transformation that business, and the world, has experienced in recent years. From artificial intelligence (AI) to blockchain and the Internet of Things (IoT), new digital technologies are having a major impact on business nd that impact will only grow in 2020.
It was predicted that there were almost 27 billion IoT devices in the world in August 2019, and this is estimated to increase to over 75 billion by 2025. There are currently about 8.4 billion connected devices in the world. These IoT devices will generate a lot of data that needs to be made sense of.
Big Data & Analytics
2020 is going to be the most promising year for a lot of technologies. Most of the technologies are comes with the nature of artificial intelligence, so to automate everything there must be a big need for data processing methods. Social media will generate 10x bigger datasets than now. Analytics would play a major role in making sense of this data. However, we need to push further.
Artificial Intelligence & Machine Learning
The increased popularity of artificial intelligence (AI) and machine learning (ML) and its promise to automate everyday tasks means developers with these skills and expertise are in high demand. AI and ML are the brains of smarter applications, and through these technologies, the apps learn from patterns of behavior and can more intelligently respond or produce an action. There is so much that can be done with the data that is collected by modern organizations.
With Bitcoin values at an all-time high, it’s natural that the tech that powers the crypto currency (blockchain) would begin to attract attention. Gartner listed blockchain as one of the top ten strategic technologies for 2020. It said public blockchains are presently too immature for enterprise deployment due to poor scalability and interoperability but expects the technology to overcome these issues by 2023.
By 2020, 50% of the Global 2000 will see most of their businesses depend on their ability to create products, services, and experiences that are digitally enhanced. Either acquire the knowledge or partner with reliable tech consultant to harness emerging digital technologies. Understand how your plan will affect the business as well as the end-user, leverage data to your advantage and ride the wave of digital transformation.