In 2022, we are witnessing several changes around us. The aftermath of the pandemic that hit the world was so severe that its effects can still be seen. Jacob Davis explores five key trends that are emerging as a result.
From forcing changes in the way we work and how we work, the pandemic also affected how we shop, consult, interact, and live. And a majority of those changes are likely to continue into the future.
In this article we will look at some of the digital transformation likely to take place this year. Implementing such changes might offer a business greater chances of succeeding as you consolidate all your tools to tackle the obstacles.
The 2022 Digital Transformation Trends
1. 5G Everywhere
For the past few years, 5G has been a hot topic of discussion among techies and businesses. It is expected this year the upgrade from 4G will finally take place to accelerate changes and offer a whole new set of benefits to the users.
For telecom providers, this network is of great importance as it lets them offer fresh ideas, services, and experiences at unimaginable speed. It is receiving the same hype that 4G and 3G received. The only difference is that 5G has the potential of introducing notable transformations in business models and their functioning through fast speed, lower latency, and higher density.
This year, companies will need to invest in 5G network infrastructure. It includes investing in cloud services and increasing the use of IoT. Doing this will help you reap the benefits of 5G including, enhanced bandwidth, improved safety, and more reliability.
2. Digital Payments
There’s no doubt that our coming years will supposedly be entirely digital due to the rise in no-touch solutions. This transformation has nudged people to make contactless payments and businesses to develop contactless solutions to take and deliver orders, thus following the social distancing norms. McDonald’s has already adapted to this change by taking online orders and promoting in-seat ordering.
Online payment has allowed people to pay for their purchases while avoiding contact with the shopkeeper. Businesses all over the globe are adopting this transformation to access the virtual economy. It has become a crucial part of the banking industry.
3. Hybrid Environment
This year, the hybrid working environment will be the most ordinary transformation compared to the rest on our list. As the workspace setting has changed tremendously in the past two years, its future is only expected to evolve. Businesses will need to adapt and offer virtual intranet connectivity to the to attract and retain talent.
Because of the changes brought in by the Covid-19 pandemic, workplace norms have altered. Many companies today are shifting towards a hybrid working environment. It is because it allows the employees to have a work-life balance while staying safe from the virus. It has resulted in a spike in employee job satisfaction and thus their productivity.
4. Process Automation
Business process automation refers to the pace of virtual transformation within an organization by automating particular processes. It is an upcoming change, especially useful for small business owners who want to stay ahead in the race. It includes monotonous processes such as customer service, accounting, manufacturing, supply chain, research, and content marketing.
This year, people are hopeful it might be useful for all kinds and sizes of brands. Companies like Amazon have already switched to AI to boost predictive analysis, which will help with forecasting and business decisions.
5. Information Protection
Data protection has always been at the forefront of virtual transformation. All the significant changes taking place year after year are initiated keeping in mind the safety of user and company data. As the Covid-19 pandemic has enhanced the usage of electronic devices, increasing screen time, the risk of cyberattacks has also increased.
Every task today is carried out using a mobile phone, whether making payments, ordering food or grocery, working, playing, or watching a movie. We have lost touch with the real world which has compelled businesses to take advantage of the situation. Businesses are shifting towards a remote working setup and this has nudged them to give priority to cyber security.
In 2022, online safety might be the most visual aspect of technology to gain customer trust. Thus, people will witness high transparency and security this year.
6. Data and Analytics
We all understand that data is the livelihood of a business, which should be stored, processed, and analyzed thoroughly to reach great heights. An organization must make decisions keeping its data in mind to attain its full potential. Data analytics helps draw valuable details out of raw material to enhance decision-making and efficiency.
In 2022, data and analytics might play a vital role in introducing significant changes in its work. Companies may use various types of data analytics in each department and function to resolve complicated issues. This transformation may also assist in predicting consumer behavior, optimizing supply chain operations, optimizing sales, etc.
7. Cloud-based Services
Offering cloud-based solutions might fix various obstacles that have been a part of business operations. The popularity of such practices in the tech world is due to its perks, such as low cost, high scalability, and easy usage. Many brands today are shifting from traditional software solutions to cloud-based services.
Due to the enhanced use of online services, it has become vital to offer privacy to the users, thus providing safety from hackers. Cloud-based services help achieve all this by efficiency, cost-effectiveness, and security from hackers – all in one place!
To Sum Up
Due to a tremendous rise in digitizing business operations, the virtual transformation market is witnessing considerable growth. Brands are becoming flexible in changing their service quality according to consumer preferences and making considerable profits.
If you want to stay in the competition, it is vital to adopt this change. It has a lot of perks to offer. It includes strong network infrastructure, enhanced efficiency, higher ROI, reduced costs, data visualization opportunities, and modern business models and architecture.
About the Author
Jacob Davis is a data analyst and strategist working in the Israeli startup tech space for the last decade. Jacob specializes in turning unstructured alternative data into actionable decision-making. His passion is uncovering stories and trends in the digital space and turning data into stories.