Companies who were lazy about their digital transformation efforts got a big wake up call starting in March, 2020. That’s was the dawn of the COVID 19 pandemic, which is when people started spending more time online than ever before.
Fortunately, many of those apathetic brands saw the writing on the wall and got with the digital program. They began to leverage disruptive technologies to deliver value to customers and drive growth.
The thing is, digital transformation doesn’t necessarily have a beginning and an end – it’s an ongoing process that requires continual adjustments. And whether you started your digital transformation two years or two months ago, you must adapt to current market forces and consumer trends.
One of those trends is mass adoption of 5G. This technology was already gaining speed pre-pandemic, but with today’s demand for more bandwidth and reliable connectivity to accommodate remote work, 5G will reach even higher levels of adoption. In turn, 5G will foster enhanced IoT connectivity and the richer user experiences that drive true digital transformation.
We’re also seeing blockchain quickly shifting from “the latest thing” to a thoroughly vetted and mature technology. While blockchain initially aligned strictly with cryptocurrency, blockchain has become integral for various industries. Banks and others financial institutions, as well as the cybersecurity sector, are using blockchain capabilities to boost many aspects of their respective enterprises.
Speaking of cybersecurity, the pandemic brought an increase in both attempted and successful cyberattacks. Again, this is directly related to the remote work revolution. Accordingly, companies have stepped up their cybersecurity practices – so much so that it’s now a priority for organizations undertaking digital transformations.
Another key for successful digital transformation is to make data into actionable data. While that’s certainly stating the obvious, it’s not easy to do so if you lack a rich infrastructure. To tackle that problem, many enterprises are using platforms built specifically to collect, organize, and tag data. Teams can then make sense of that data and take the right actions. In this way, data – when used correctly – can accelerate the overall digital transformation initiative.
We all know that companies are increasingly adopting a cloud technology strategy. But some might not be aware of the benefits of Multi-Cloud systems. To name just some benefits of Multi-Cloud: it eliminates many technical hurdles, rids you of being stuck with unfavorable vendor contracts, and allows for distribution of cloud computing assets, software, and applications across different cloud platforms. These types of benefits help to turn digital transformation goals into reality.
The digital transformation ideal has brought awareness to a growing model. XaaS (Everything as a Service) has quickly become a successful perspective for deploying a digital landscape. In general, XaaS means cloud service delivery for the multitude of products and services online. XaaS is powerful because it can simplify deployment of technology, which in turn provides more agility toward reaching digital transformation objectives.
Everything we’ve discussed is critical for 2021 digital transformation efforts. Yet the most important driver may be automation, which can act like jet-fuel to accelerate the initiative. Today, automation has almost become fundamental for success. In fact, the pandemic forced many organizations to automate, and all to their delight.
Digital transformation may be complex, but you can simplify how you approach it by paying attention to market forces.