Posts

Digital transformation is the phrase that you’ll hear everywhere in present world. It has become an essential part of every business owner’s agenda. Of course, it is beneficial, which is why everyone is looking forward to it.

But digital transformation, as you may know, represents a gamut of technologies aimed at digitizing a business ecosystem to make it more efficient and tech-driven. And, since it continuously evolves, it will always have some technology emerge. But which technologies are the pick of all and slated to be the next big thing in digital transformation? Let’s look at a few, which we think will make it big.

5G

The fifth generation of cellular data networks is one of the most exciting aspects of the digital transformation revolution. While 3G and 4G had their share of excitement, 5G is slightly different! It isn’t only about increased internet speed but many other factors that make 5G the next big thing in digital transformation.

5G is projected to benefit businesses in many ways. It is fundamentally about speed, availability, and connectivity, where 5G stands out among its predecessors. Here’s why 5G is the buzzword of the digital cosmos.

  • Eight to ten times faster internet
  • Ultra-high speed data transfers
  • Quicker and safer Wi-Fi
  • Low latency communications
  • Enhanced rural connectivity
  • Network slicing – one network sliced in multiple!
  • Increased remote working speed
  • More reliable network
  • Increased connection capacity

Artificial Intelligence

Is AI the next big thing in digital transformation? We’d say it would always be, as it will keep progressing by the day. AI doesn’t need an introduction. It is all-pervasive, and most industries have become veteran users of the technology. Nevertheless, some, on the other hand, are relatively new and evolving.

AI is beneficial for every industry that uses it appropriately. For instance, in the manufacturing industry, AI-based automation can not only help expedite the manufacturing pace but help companies respond to changing market needs.

Additionally, allied technologies like predictive analytics can help companies prepare for potential supply chain disruption, market changes, etc., and devise strategies for them to thrive amidst adversities. Similarly, it can help them identify opportunities and tap them to outperform their competitors.

Another sector where AI can bring about a revolution in healthcare. It can help doctors diagnose diseases more quickly and accurately, leverage virtual nursing assistants to monitor patients, and use big data analysis to provide a more personalized patient experience.

Likewise, AI can revolutionize agriculture as well. The use of AI can help farmers analyze soil conditions, detect plant diseases, monitor livestock health, target weeds through AI sensors, etc. The result is improved harvest and increased agricultural accuracy, termed precision agriculture.

  • Semiconductors

Semiconductors are another part of the expanding digital revolution. Per reports, the global semiconductor industry generated sales worth USD 50-52 billion in May 2022. These figures signified a staggering 17-19 percent YoY increase.

Thus, the semiconductor industry is turning hotter by the day. Semiconductors are everywhere. Yes. Almost everywhere! You buy an EV – it has a semiconductor. Similarly, semiconductors find critical applications across laptops, mobile phones, LED, embedded systems, consumer goods, etc.

They significantly drive the gadget’s efficiency, which is why it wouldn’t be wrong to say that semiconductors are at the nucleus of electronic products. Of course, they are evolving and will continue to do so. Hence, they are slated to grow stronger, more capable, and much more helpful than they are today.

  • Smart Lifestyle

Smart living is yet another exciting thing that could take the world by its storm. A potential example of it could be your home preparing juice for you when you are back from a morning walk! We wouldn’t know if it will happen this year or even in a year or two. But since we’ve already come such a long way, expecting this level of technological progress doesn’t seem illogical or a tall tale, for that matter.

Qodequay Technologies supports companies in their journey towards digital transformation. Our design thinking approach involves designing and devising custom software solutions that help companies steadily achieve digital transformation. It is while ensuring the technologies they use help them accomplish their business goals. We identify and choose the right set of technologies to help you achieve a higher goal and do what it takes to compete amidst competition.

Click here to know more about how we can help you achieve digital transformation seamlessly and optimally.

Digital transformation refers to integrating various digital technologies across multiple areas of business. It is part of the company’s strategy to help augment productivity, increase agility, and leverage digitization to enhance client service and experience.

The fast evolving industries across the globe has pushed business into ditial enterprise irrespective of their size.  Many consider digital transformation a disruption and have reservations against digitization. So, the process meets many challenges that impede the company’s progress. Some notions are valid. But they have solutions.

Digital transformation challenges aren’t merely technical. They also have to do much with resources, culture, and acceptance, people change management etc. So, let’s look at five digital transformation challenges and the best solutions to resolve them.

5 Digital Transformation Challenges and Solutions

Digital transformation demands people’s participation above technology, to achieve the company’s objectives. Hence, many decision-makers have to address a broader horizon of challenges before they embark or while they are on their way to achieving digital transformation. Here’s more to them.

  1. Employee Unacceptance

Did you know employee resistance and unacceptance cause over 65 percent of digital transformations to fail? Yes. The company may invest resources and chalk out an efficient digital transformation strategy. But the investment would go in vain if people on the ground were reluctant to accept the change.

So, how do you deal with such a challenge? The key is to have a solid change management strategy in place. Companies with one are five to six times more likely to succeed in their digital transformation endeavors!

A change management strategy involves project planning by identifying the root causes of an issue, in this case, unacceptance. It focuses on building relationships with all employees and stakeholders. Constant communication is the key.

Accordingly, one vital aspect could be communicating the practical benefits of digital transformation (for instance, before and after comparisons) early and constantly to drive the change. But planning and implementing the strategy could be complex. Thus, partnering with a digital transformation partner can help.

  1. Dearth of Resources

Companies often do not have adequate resources to achieve digital transformation. The number is indeed significant. Over 75 percent of companies consider a lack of digital skills a roadblock to digital transformation. Again, the strategies are bound fail if do not have the resources to achieve them.

Delays in realizing the inadequacy of resources can render the investments practically useless. In other words, can lead to wasting money. Thus, it is necessary to identify what’s one have and don’t  early in the journey.

The key is planning resources and onboarding talent and technology capable of devising innovations and driving them. Some key steps could include assessing existing resources, considering outsourcing to fill the talent or resource voids, and using efficient tools like CRM, ERP, etc., for insights and better resource visibility.

  1. Sophisticated Technology

Technology is useful but, simultaneously, a complex thing to deal with. Deploying new software and integrating it efficiently with the existing one could pose a significant challenge for companies. Inefficiencies could make investments go for a toss. Disconnected systems could affect and disrupt workflows, thus stopping the company from achieving the desired goals.

But the good news is one need not have to live with these concerns. Partnering with digital transformation companies can help assess various aspects of a digital software product or solution before onboard it. These companies can help test the viability in the organization’s context and business environment. Thus, it can help make an informed choice concerning a solution and deploy the right thing.

  1. Cybersecurity

Security concerns aren’t invalid, and companies aren’t paranoid about it. Dependence on technologies across every element of the system refers to a higher degree and number of cybersecurity concerns to deal with.

One of these concerns is digital transformation strategies involving shifting from on-premise to the cloud and bringing all the data to a central repository. Centralization of data offers convenience. But it also attracts bad actors. Having all the data at a centralized location and not requiring to travel across multiple ones simplifies the attack for cyber attackers.

But should that deter you from embracing digital transformation? No. The solution is not to run from these challenges but to tackle them. While no solution is fool-proof, strengthening cybersecurity is an effective solution to keep your IT environment immune from attacks. Consulting a cybersecurity company can help.

  1. No Clarity in Digital Transformation Budgets

Most companies are always tight on budgets. Very few would have a lavish budget for digital transformation! But practically, what matters is whether you invest adequately and wisely – neither more nor less.

Often, this is where most companies fail. Think they’ve invested enough and will invest more only if they see results. But instead, they must consult an expert to know the investment needed and how to use it prudently.

Digital transformation does not deliver results overnight. It takes time to realize the results. Hence, the key is to have a long-term and considerable budget.

Partnering with a digital transformation consultant can help you plan a flexible budget and cover everything from technology to training. The consultant can also help create a roadmap for budgeting and achieving a higher RoI.

Achieve Digital Transformation Successfully with Qodequay Technologies

Qodequay Technologies leverage the design thinking approach to help companies achieve digital transformation seamlessly and successfully. We empathize with the client’s needs and gain an in-depth understanding to identify what’s right and develop custom digital transformation solutions.

We believe successful digital transformation results from the collective effort across all aspects, from technology to budget and from people to culture. Thus, our consultants help you cover and excel across all these areas to achieve digital transformation steadily and in an organized way. Click here to learn more about how we can help you simplify your way to digital transformation.