Technology never stays stagnant. It is constantly evolving and the COVID-19 chaos was a perfect example of this. Businesses had to undergo innovative digital transformation to continue operations and keep generating revenue.
According to Statista, digital transformation spending is expected to reach a whopping $2.4 trillion by 2024, and one of the main reasons why businesses opt for it is to attain operational efficiency.
So what’s on the horizon for 2022 in terms of digital transformation trends? We don’t own a crystal ball here at Visionet, but we do collaborate with some big names in the industry. After years of collaboration with them coupled with our research and 2+ decades of expertise in the industry, we can confidently say that these top 5 digital transformation trends must be taken into account in 2022 to sustain business growth. So, let’s cut to the chase and get into the meat and potatoes of the subject.
Digital Transformation Trends to Look for in 2022
1. Targeted digital transformation
Digital transformation encompasses a lot of dimensions and the biggest problem companies usually face is figuring out “where to start and what to target?”. While some try to kill many birds with one stone, often to their dismay. Others opt to tackle a specific dimension but without any research – again, unable to achieve the desired outcomes.
With so many business aspects to cater to, decision fatigue may set in and initiatives can plateau. The only recipe for success here is the identification of the most pressing issues, precisely focused digital transformation solutions, confident investment of time & finances, and effective implementation. Companies that follow this, will reap the long-term benefits of digital transformation.
2. Substantial investment in DX is important
According to McKinsey, businesses that make big investments in talent acquisition and the latest technologies stay ahead of the competition. The best performers were at the top of their game in all of these departments.
Digital transformation might be tricky. However, the combination of a clear vision and the right people, backed by substantial investment will result in achieving the desired goals and sustaining growth.
An Accenture survey suggests that 83% of employees prefer a working environment where they can add value to the business from the office, home, or anywhere in the world. This hybrid model saw an increased adoption in the past couple of years, especially, in the post COVID era. According to the survey, more than 60% of successful companies are already practicing the “work from anywhere” model. It is, however, the employers’ responsibility to provide the workforce with the appropriate setup to run operations from anywhere.
Digital-first and collaborative work environments that enhance productivity will play a vital role in the years ahead. Besides increased productivity, companies are also experiencing lower costs by leveraging technology. So if it saves costs, while delivering financial governance, making this model a permanent feature in your organization is a no-brainer in the future.
When it comes to the future top tech trends, Generative AI is the one to look out for, according to Gartner. Generative artificial intelligence learns from the existing data and utilizes that information to create original artifacts using Machine Learning principles. This innovation is already in action with regards to digital transformation and by 2025, it will become more common across all industries.
As this technology matures, one aspect it can make a huge impact on is “design”. Using the power of generative design, developers can get access to creative designs quickly – allowing AI to present the best possible design solutions.
As this technology matures, one aspect it can make a huge impact on is “design”. Using the power of generative design, developers can get access to creative designs quickly – allowing AI to present the best possible design solutions.
5. Design Thinking
Designers can utilize this 5-step process to identify vaguely defined problems, which help them hone in on human-centric solutions only. Among all the design approaches, Design Thinking is, by far, the best approach to implement “out-of-the-box” solutions. Through this process, teams can develop enhanced user experiences by conducting thorough research, problem identification, ideation, prototyping, testing, & implementation.
Technological advancements and digital transformation go hand-in-hand. Making these digital transformation trends a permanent part of their daily state-of-affairs will assist businesses to enhance digital experiences – allowing them to gain a competitive edge and position themselves for sustainable growth, even amid uncertainty.
Are you looking for a seamless digital transformation for your business but in two minds about where to begin? Get in touch with Visionet to learn more about it.