How Smart Technology Can Enable Digital Transformation
Date : Apr 13, 2020
Author : DR Armed Zayed
Categories : Business Tips
Now that we entered a new decade, many industries are trying to figure out what 2020 trends will look like.
With the new generation of advanced technologies like data analytics, 4G, 5G, AI (Artificial Intelligence) and IoT (Internet of Things), we have to understand these technologies completely to tackle their power. In fact, they are already making some fundamental changes in the way we work, travel, and live. They bring about a new chapter for human development. Take IoT, for example; statistics show by the end of 2020, the number of active IoT devices is predicted to exceed well over 30.73 billion. Here is how technologies could be enabling digital transformation.
What Is Digital Transformation?
Digital transformation is the backbone of your business. It allows organizations to adapt any of their processes to inspire more elaborate innovations. Leaders should take their time to fully comprehend their goals to make sure these new technologies will boost their employees’ work. This is the starting point for transforming your business in the digital era.
How Do Technologies Enable Digital Transformation?
Digital transformation opened the path to long-term innovation. When digital technologies were integrated into all possible business sections, it helped speed up internal operations.
Besides, “Smart” tech is supposed to be the big-wig of 2020. With innovations such as Alexa, typical home appliances have undergone a complete overhaul. Now, it is much easier to control these systems, change the room temperature, use household items more efficiently and improve personal mobility.
Another example is the cloud. Since more and more businesses moved their works to the cloud, there was no longer a need to rely on hardware.
This tech indeed brings in plenty of data; however, we are not using it to its maximum potential. This year, companies need to figure out how to use digital transformation to its full capacity. They need to come up with innovations that will improve lives and give users a better experience without invading their privacy.
How Does Digital Transformation Affect User Experience?
Analyzing data plays a massive role in creating a product that people want. Today, consumers are becoming pickier, reports show. They are less interested in buying a product unless they can fulfill their needs.
In fact, based on statistics, 72% of people will not purchase a product unless they read customer reviews. So, many prefer to buy a personalized item from a reputable company.
But, with the constant flow of data, companies are able to analyze their client’s needs and come up with a product that will meet their demands and expectations.
What About Production?
Manufacturers have been paying a lot of attention to the production process, which has had a positive impact on the planet. That includes optimizing and tracking transportation, creating effective products, using 3D printing to reduce waste, and more.
Like visualization software, for example. Businesses don’t have to create a physical object of a product when they can simply create a digital version and test it. This is a solid money-saving strategy that makes the testing process a whole lot faster and more efficient. Plus, virtual testing doesn’t produce any waste.
The best thing about visualization technology is that all the components of the supply chain will be in one place. It can be accessed at any place at any time, therefore boosting productivity, efficiency, and functionality. In other words, manufacturers don’t have to travel from point A to point B. All the tools they need will be accessed virtually.
It’s obvious that we have the technology, we just have to find new ways to make the most of it.