Digital Transformation Trends in 2020
As we move towards the end of another decade, let us look at some transformative digital technologies. To be best prepared to tackle and tap the next digital disruption or opportunities that come out of it. One must know all about the up-coming trends of this domain.
In fact, according to a report, 97% of IT decision-makers are trying digital transformation at their respective organizations. (MuleSoft’s Connectivity Benchmark Survey)
2020 will be a year of many daring changes. As organizations are becoming more acquainted with technologies like AI, IoT, and ML.
The coming year will be all about applying these technologies and related tools in innovative ways.
Existing Technologies Playing a Pivotal Role in Upcoming Digital Transformations
Upcoming Digital Trends that Will Push the Envelope
As mentioned earlier, 2020 will be a year of making a change. So, instead of relying on the same old technologies, companies will invest in groundbreaking innovations.
Tech experts predict that the bar will go higher with newer applications and innovative tools. So let us look at digital transformations that will take the market by storm in the coming year:
Blockchain to go mainstream: Blockchain has come a long way from being just a technology to creating bitcoin. Blockchain offers to make data private and tamper-proof, and who would not want that? Regardless of the sector, there is an immense amount of data, and everyone is looking for modules that can help them protect this data. In the upcoming years, blockchain will gain more value in terms of its application in healthcare, agriculture, and other industries.
According to a Gartner report, 60 percent of CIOs are expecting some kind of blockchain deployment in the next three years.
Blockchain also offers applications like traceability to the source of origin and more accessible, faster transactions. These properties are sure to make blockchain a favorite digital trend in the year to come.
5G network will soon become a reality: The telecommunication industry is at the cusp of another disruption, and this time it comes in the form of a 5G network. According to Huawei, “5G could support 1,000-fold gains in capacity, connections for at least 100 billion devices. And a 10 Gb/s per user with low latency and response times.” If these numbers are true, then the companies such as Verizon, Nokia, and Qualcomm are making big investments in global 5G deployments.
How the 5G Network will Change the Face of Telecommunication
- Safer, connected, and even autonomous automobiles: The past few years have seen automobile manufacturers invest heavily in electric cars that are both greener and smarter. IoT-based tools and technologies will transform the driving experience in the coming year. The vehicle will not be working on an engine and four wheels; It will be an ecosystem. Drivers will get real-time analysis of their machines, enabling them to take proactive maintenance actions. The car-to-car connection will enhance the help of IoT, making driving a much more sensitized and safer experience.
- Innovative automobile giants like Tesla, Waymo, and Alphabet are also investing in R&D for manufacturing autonomous cars. Tesla Chief Elon Musk recently said, if you fast forward a year or two, we’ll have over a million Robo-taxis on the road.”
While these digital transformation trends are sure to be prime players in the coming year, there is no limit to technological evolution. 2020 will be a year of technological breakthroughs, and this will allow companies to up their digital game to stay ahead in the game.