The Top 10 Digital Transformation Technologies of the Future

Digital transformation is basically the adoption of the latest digital technologies by an organization to enhance business processes, innovation and value for clients. These latest technologies are generally associated with the application of innovative computing power, software and hardware systems. They have enabled companies to become more flexible, dynamic and agile. Companies use them to implement new process models, streamline the process and improve quality. For effective and smooth transition of employees from one platform to another, organizations require effective transformation technologies.

digital transformation technologies

There are several transformation technologies available in the market today. They facilitate better decision making by transforming business data and overall organizational structure into easily accessible forms, which can be accessed by the end-user. The software architecture and design of these latest digital transformation technologies help in easy accessibility and control of data and helps businesses to make faster and better decisions. These technologies help businesses to: Reduce operational costs and improve productivity. Improve customer behavior and deliver better results

Businesses adopt various digital transformation technologies for improving decision making. Among them, two most popular transformational technologies are Six Sigma and Lean. Six Sigma is a strategy that helps in improving quality and reducing the cost of product development. Lean is a discipline that focuses on improving the speed and quality of product production. It helps to streamline manufacturing processes and makes businesses to concentrate on bringing new and valuable insights to market. Below we discuss the benefits of implementing Lean and Six Sigma into your business.

Organizations that successfully adopted Lean initiatives are able to: Reduce costs and improve financial performance. Lean requires businesses to discard unnecessary and extra inventory. This leads to reduction of overhead costs and hence increase the profit margin. The digital transformation technologies available in the market right now are most suitable for small and medium sized enterprises that aim at improving efficiency and reducing cost.

Large and mid-sized enterprises that implement Lean initiatives face several challenges. Among these are the lack of technical expertise and the inability to leverage the available resources to drive change. However, with the help of advanced tools like big data analytics and artificial intelligence, such enterprises can successfully implement digital transformation strategies. With the help of big data analytics, existing customer data can be leveraged to provide businesses with up-to-date information on customer preferences and motivations so that they can design relevant products and services according to the changing consumer demand and tastes.

Enterprises adopting artificial intelligence and digital transformation technologies can use big data analytics and intelligent personal assistants to conduct surveys and collect feedback from customers. This enables businesses to make timely changes and hence improve customer satisfaction. In the past, gathering customer feedback was a very tedious process that required significant investment. But advanced tools now make it possible for businesses to conduct online surveys and get real-time insights from consumers using their smartphones, tablets and other hand held devices. Hence, this powerful technology is helping businesses to get closer to their customers.

The top 10 digital transformation technologies of the future will enable businesses to: Digital dashboards that show operational metrics such as cost, staff elasticity, downtime, productivity, throughput and orders. Interactive dashboards that provide critical business insights. Automated billing that eliminates the need for manual data entry. Web-enabled customer insight that helps businesses take an objective view of their customer, helps them make timely refinements and respond to customer needs and increase sales.

The top 10 digital technologies of the future are transforming the way businesses operate. Enterprises are now operating more efficiently using digital tools and data. The best part is that all this is taking place in the cloud. Enterprises are realizing that the cloud can deliver the infrastructure, software and services required to run an enterprise, but a provider needs to care for the user’s data, work applications and business logic so that he can provide the user with the highest value. Cloud service providers are now providing the tools to transform enterprises faster than ever before. Cloud computing is here to stay and businesses are starting to realize its value.

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