Technology and digital transformation go hand in hand. They constantly work alongside each other to deliver the most disruptive tools that businesses can benefit from.
Whether you integrate new technology in your business to fulfill a new set of business management efforts, or to modernize your workplace, the tools you use are valuable. No matter your industry, or your job title, you are most likely using technology to reach a certain goal in the workforce.
2017: The Year Of Digital
2017 is the year of a digital revolution, and it will continue to stay that way well into 2018. Not only will technology advance into the next year, but the way business professionals operate will change. Globalization is a keyword to watch.
“Globalization has been the word for many years. We could even say it has been the watermark of this era. In its definition, the word invokes positive associations with access, inclusion, development, equality, growth, and integration. But now technology is becoming the central axis, rapidly redefining globalization as we know it.” Weforum reports.
Behavior must change along with the advancement of technology. It is crucial for every business professional to be on board and adopt new skills in order to keep up with digital transformation. Technology is one piece to the puzzle, but the way people operate is another piece.
These roles extend beyond the IT role and are integrated throughout the organization. Keeping on top of the growing tech trends is one step to having a large role in digital transformation.
We have had our eye for digital transformation this year, and we will continue to watch for the most disruptive technologies that are emerging in our favorite industries like marketing, retail, finance, healthcare, and security.
That is why we have conducted a list of technologies that we believe have caused the most disruption among all the leading industries. These technologies are constantly developing and affecting business the way we know it.
We have seen these tech tools in all popular industries, used in different ways unique to their functions. It is important
Cloud computing has become a keyword used in many enterprises, taking over leading industries and forcing organizations to shift business operations as they know it. Experts predict that this tool is not going away anytime soon. 2017 is the year of cloud computing, and businesses are relying on this resource well into 1018.
“The value in cloud computing is not just in the technology itself—it’s in the promise it brings for increased mobility and, as such, agility and scalability—both of which are necessary to succeed in the digital marketplace,” Forbes reports.
To really understand what cloud computing is, it is important to understand the how you can put it to use in your everyday business functions. According to Microsoft, cloud computing embraces technology and is capable of performing the following:
- Create new apps and services
- Store, back up and recover data
- Host websites and blogs
- Stream audio and video
- Deliver software on demand
- Analyze data for patterns and make predictions
After cloud computing was introduced into business operations, business leaders were responsible for the hardware and maintenance of servers. Cloud computing offers processing power on all massive servers. Companies can rely on cloud computing to keep streaming services running.
If you are a business that relies on Dropbox or Google Drive, cloud computing allows you to store files and access them at any time, as well as store them on remote servers.
There are different types of cloud services that you can adopt.
“Most cloud computing services fall into three broad categories: infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (Saas). These are sometimes called the cloud computing stac because they build on top of one another. Knowing what they are and how they’re different makes it easier to accomplish your business goals.” Azure.microsoft reports.
Infrastructure As A Service (IaaS)
This form of cloud computing uses the internet for all computing resources. Basically, a cloud provider hosts the components that include anything from billing, log access, security, monitoring, and storage.
Customers can access services through the internet in order to monitor performance and balance network traffic. Basically, the internet works as a platform for the services.
Platform As A Service (PaaS)
Platform as a service uses a third party provider that delivers hardware and software tools.
“Platform-as-a-service (PaaS) refers to cloud computing services that supply an on-demand environment for developing, testing, delivering and managing software applications. PaaS is designed to make it easier for developers to quickly create web or mobile apps, without worrying about setting up or managing the underlying infrastructure of servers, storage, network, and databases needed for development.” Search Cloud Computing reports.
Software As A Service (SaaS)
Software as a service delivers software applications through subscription over the internet. Providers are able to host and manage software applications and handle efforts like security efforts. This type of service can be connected to the internet through phones, tablets, laptops, or PC. Basically, this is accessible no matter where you are, as long as you have access to the internet.
Cloud services have helped businesses reduce cost, increase speed, connect globally, enhance productivity and upgrade performance. It is reliable and up to date, and has been a huge component of businesses in 2017. Cloud computing is a tech trend to watch in the upcoming year.
Chances are, you use deep learning when you least expect it. Deep learning is put to use when you access Google, Netflix, and even Amazon. It works by using algorithms of networks by feeding a computer system data. This data is used to make decisions that have to do with other data.
Neural networks are put to the test by asking questions that decide true/false or values by the numerical system. Once these questions have answers, the data is classified.
“Deep learning is a set of techniques that allow computers to solve a certain class of problems, such as automatically tagging the contents of pictures, or transcribing speech into text,” said François Chollet, a deep learning researcher at Google, when asked to explain this facet of machine learning,” Datanami reports.
The deep neural networks have been compared to as brains because of how accurately they process information. Just like an actual brain that uses neurals, these are artificial but work in a similar way. It all takes place when a network learns from different components like photos. For example, when a network learns what a cat looks like after looking at thousands of sample photos, it will be able to know what a cat looks like just as accurate as people.
This intelligent system has given experts something to talk about. Deep learning is seen in the healthcare industry for tools like predictive analysis.
“GPU-accelerated deep learning solutions can be used to design more sophisticated neural networks for healthcare and medical research applications—from real-time pathology assessment to point-of-care interventions to predictive analytics for clinical decision-making.” Nvidia reports.
This can help providers perform their job in an effective, seamless and agile way. Providing accurate answers to doctors puts the healthcare industry to deliver top-notch care to customers.
Another industry that uses deep learning is the retail industry. It can help retailers with the supply chain, increase conversions, customer engagement and micro-targeting. It faces the challenges that retailers constantly face when it comes to successfully engaging a customer online and offline. In brick and mortar stores, deep learning is applied to activities like tracking items and notifying a customer when an item is out of stock.
Automation technology is a technique or method that operates in order to control processes such as electronics and devices. It can be seen through operational devices or mechanical devices. The goal is to operate devices entirely automatically, without a user.
“Automation technology is set to play a pivotal role in digital transformation, enabling organizations to optimize their existing processes and keep pace with the competition.” Apica Systems reports.
According to Apica Systems automation can be used for these benefits:
Business Processes Optimization
Many traditional organizations are making the move away from legacy systems towards digital transformation in order to optimize their processes. Automation technology is IT system and process agnostic, which allows businesses to build on their systems within the existing IT environment.
In order to create a transformative environment and improve speed and quality of delivery, organizations need to integrate automation into their existing processes. The ability to frequently release high-quality products will ultimately result in revenue and profit growth and dictate how well an organization will fare against the competition.
Improved Overall IT Operational Efficiency
With automation, the prospect of human error is eliminated, delivering outcomes that are 100% accurate. By automating tasks, organizations can significantly reduce the overall process cycle. Using Active Digital Experience Monitoring also enables organizations to reduce process times by finding root causes faster, making it an essential technology for businesses looking to make proactive IT investments.
Increased Employee Productivity
Many organizations encounter resourcing difficulties ahead of their digital transformation projects, and automation can offer a cost-effective solution to this problem by taking on repetitive, rules-based tasks and freeing up employees to focus on more rewarding, customer-focused work.
Taken from Apica Systems.
All In All…
Digital transformation has disrupted leading industries, bringing forward technology trends that drive innovation. The future is now, and digital transformation is leading the way.
It is important to be proactive and interactive as a business when it comes to implementing digital transformation. Digital transformation moves fast, so your business must move just as fast. This means adopting an agile approach to all things tech and innovation. Staying up to date with the latest trends is one step that enterprises can take in order to successfully integrate technology.
“This means a “Fail fast, to succeed faster,” mentality. Some projects will work straight away, others will have significant learning curves. The faster your organization can go from idea to implementation the more it can embrace opportunities to transform and even disrupt markets and internal business models.” Forbes reports.
Digital transformation is not going anywhere. It has disrupted 2017, and it will continue to affect all operations in 2018. Buckle up, you’re in for an innovative ride. We can’t wait to see what 2018 holds!
ABOUT DIGITAL ENTERPRISE TRANSFORMATION ASSEMBLY
The Millennium Alliance is thrilled to present the second 2017 edition of Digital Enterprise Transformation Assembly, put together by the industry, for the industry. Join us November 16-17, for a series of executive education roundtables, keynote presentations from speakers like Robin Bienfait, CEO of Emnovate, collaborative think tanks, educational workshops, and networking sessions will offer industry-specific topics and trends to ensure your company sustains its competitive advantage.
Limited sponsorship opportunities are available. Download the Digital Enterprise Transformation Assembly Sponsorship Prospectus for more information >>
The year 2017 was a digitally centered year, and it continues to remain that way. We have seen many technology trends enter the leading sectors of digital transformation, bringing innovation to the forefront of all business operations. Staying on top of these trends allows business professionals to stay agile and ahead of the digital wave. As we move closer to 2018, prominent digital technology and business leaders from all the major private and public sectors are looking to CIOs to manage the explosion of information that has ignited digital enterprise.
Many are predicting that we are headed towards a “Digital Industrial Revolution”. The digital revolution has made IT professionals a major asset to all enterprises. It is crucial for these roles to be a priority, constantly adapting and evolving to meet the needs of the growing digital landscape. Understanding the convergence of mobile, social, and cloud is still critical for organizations looking to create opportunities and stay ahead of the competition. But now, this convergence is merely the foundation of the new digital world. With the daily birth of new technology, IT infrastructure needs to be more agile than ever.
Our agendas and attendee lists are for Millennium Members only. Apply today for access! Already a Millennium Member? Simply click the link and enter your password when requested.