As businesses try to adjust to the new normal, many will be looking to technology to help them move forward. Digital transformation can give enterprises a competitive advantage but investing wisely means keeping abreast of innovations and up-to-date with trends and developments. To help, here are some of the main digital transformation trends keeping boardrooms excited.
Analytics has transformed the decision-making process, providing data and insights that help businesses identify problems, opportunities and solutions. The vast quantities of data available for analysis, including real-time data, means companies which don’t make use of it are at a serious disadvantage. It has applications in all areas of business: procurement, operations, logistics, marketing, communications, security, finance and HR; and with sophisticated analytics tools easily deployable in the cloud, it’s becoming much more widely used.
AI and machine Learning
AI and machine learning are the ideal partners for data analytics and enable businesses to do much more with their data. They speed up analysis, automate large scale processing in the scalable cloud and remove the bottleneck caused by human analysts. They also learn and adapt from previous analyses while providing results in user-friendly, easily digested, graphical interfaces that non-IT staff can make sense of.
While the consumer generally sees 5G as a way to improve smartphone connections and speed up downloads, the deployment of 5G infrastructure will have a much wider impact that many businesses can benefit from. It will, for example, hasten the development of IoT infrastructures, such as smart cities, intelligent transport networks, smart vehicles and smart industry. At the same time, we’ll see a wider range of connected devices, making it easier for businesses to take advantage of the IoT and the valuable data it generates.
The next generation of wi-fi, known as both Wi-Fi 6 and AX Wi-Fi, provides up to three times faster processing and wireless connection speeds. Even better, it enables networks to handle far more connected devices, which is helpful considering the proliferation in wi-fi enabled gadgets being used in the workplace and the increasing amounts of data they send and receive.
Although it’s often associated with cryptocurrencies, blockchain has many valuable uses in businesses, such as tracking the origin and movement of goods in the supply chain and providing financial audit trails. It has applications in healthcare, real-estate, media, energy and local government and can be used for a wide range of purposes. – Read more
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