Thank you for Subscribing to CIO Applications Weekly Brief
Key Trends Influencing Digital Transformation in 2021
In today's world, digital is the standard, and organizations are attempting to manage operations from their homes and remote locations. 5G was much lauded last year, and it is expected that this technology would acquire significance in the coming year.
Fremont, CA: The pandemic had taken a heavy toll on the world, and many firms had gone bankrupt. The crisis, on the other hand, facilitated rapid technological adoption and accelerated digital transformation across industries. Companies began to use disruptive technology to provide value to customers while also increasing corporate growth and productivity. Businesses started developing a digital presence to appeal to their audience as consumers shifted to online platforms and as a result of pandemic-induced constraints. Digital transformation has a lot to offer this year, with technology becoming integrated everywhere and the shifting business landscape. Let us look at the top trends that will shape the digital transformation journey of businesses in 2021.
Blockchain to See Development
Blockchain has risen to prominence as a result of fast technological adoption during the previous year. Although it was first associated with cryptocurrency, blockchain is currently being used in a variety of businesses, including financial institutions. The potential of blockchain is being investigated, and India has appointed a commission that is said to focus on the investigation and spread of blockchain technology across various industries. Blockchain will play a critical role in cybersecurity in the next years.
5G to Become the New Normal
In today's world, digital is the standard, and organizations are attempting to manage operations from their homes and remote locations. 5G was much lauded last year, and it is expected that this technology would acquire significance in the coming year. The 5G network has the potential to provide unparalleled speed and connection, meeting the growing need for higher capacity and dependable connectivity. When 5G becomes widely available, it will improve IoT connection, improve user experience and digital collaboration, and drive digital transformation.
Customer Data Platforms to Become Popular
In today's customer-centric business models, data is the fuel. However, without a solid infrastructure, acquiring and managing data can be difficult. Customer Data Platforms, or CDPs, come into play here. CDPs collect data from a variety of sources, arrange it, identify it, and make it usable. There is a wealth of data available nowadays, yet firms frequently fail to maximize its use. Data analytics has also emerged as a potential ingredient for boosting growth and efficiency. Taking these aspects into account, CDPs will empower and redefine digital transformation.