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.
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
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 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.