2. What Exactly Is Digital Transformation?
Digital transformation is one of those modern buzzwords that can get easily thrown out in
business meetings – often by people who don’t understand its meaning or impact. But without a
clear idea of what digital transformation is, many leaders have a hard time leveraging it for
maximum impact.
The Enterprisers Project from Redhat defines digital transformation as:
“Digital transformation is the integration of digital technology into all areas of a business,
fundamentally changing how you operate and deliver value to customers. It’s also a cultural
change that requires organizations to continually challenge the status quo, experiment, and get
comfortable with failure.”
The key here is how digital technology infuses all parts of a business to improve operations, create
better products, and make customers happy.
3. 5 Big Trends in Digital Transformation
Artificial Intelligence (AI) is, of course, one of the top trends in technology today, which is why
hiring an AI Consultant is highly recommended. However, AI is just part of the bigger picture.
When considering a plan to integrate digital transformation with your business, here are some
of the biggest trends to look out for:
4. 1. Blockchain Technology
Blockchain technology, also known as “the blockchain,” started off as a method to track digital currency
transactions such as with Bitcoin. However, blockchain technology can do much more than that.
The “ledger” that is embedded in the block can do everything from tracking transactions to keeping
records.
5. 2. Frictionless Business
Frictionless business is an approach to business partnerships that works just like it
sounds – by removing barriers to collaboration, “frictionless” business allows things
to work smoothly and effortlessly. Technology can facilitate this.
3. Transparent Artificial Intelligence
We already mentioned AI, but what is transparent Artificial Intelligence? Transparent AI, as
opposed to “opaque” AI, is artificial intelligence that provides a window into the underlying logic
in a way that everyone can understand it.
This allows for more transparency and openness and can create more trust between partners and
with customers.
6. 4. IoT Ecosystems
IoT or the “Internet of Things” is the connection of smart devices with the greater network
and Internet.
From IoT tagged warehouse items that improve supply chain management to IoT in your
office kitchen, these ecosystems can help streamline operations and improve the bottom
line.
5. Actionable Analytics
Gathering all the data and analytics in the world won’t help if you if you can’t use it. Business
Intelligence is in part the process of analyzing this data to make it actionable and useful.
7. Get Started with Digital Transformation Today
With the right strategic plan to leverage new technologies, your company can maximize
profits while improving products and experience for your valued customers.
An Artificial Intelligence Consultant can help your company determine the best ways to utilize
and implement some of these technologies for the most powerful results.