It has now been more than a year since we have been taking care of all our business meetings, and prospects remotely while discussing the impact of Coronavirus across different corners of the world and in various industries. Though the COVID-19 strain has affected all of us in a different manner, the only good thing that we all can think of took place last year is the rising dependency on digital trends which, to a certain degree, help us streamlining our tasks and knowing our customers in a better way.
Throughout 2020, Coronavirus pushed companies to harness the digital transformation trends by leaps and bounds. According to the recently conducted survey as reported by McKinsey & Company, COVID-19 has accelerated the digital technologies adoption by several years in just.
The rise of the current and future digital economy, just within a year, has put an end to all the contemplations that were going on about the necessity of digital transformation in streamlining operations and automating manual processes. As the technologically advancing approach is tremendously shaping the industries, many enterprises now want to focus more on sustaining innovation by embracing the digital transformation market trend in carrying out most of the functions.
While many enterprises are poring over the thought of reshaping their business function by employing and adopting advanced drifts, the majority of them confuse the term transformative digital trends with digital technology. This theory could be true to an extent but cannot be considered as gospel truth.
With that said, it is important for businesses to understand the true meaning of digital transformation, its importance, and what are the top digital transformation trends companies should zero in on in the year 2021. And this is what exactly we would be learning in this article.
Check this out – Digital Transformation Lifecycle Explained
What Is Digital Transformation?
When it comes to digital transformation, there are not one, two, or three fortified definitions that a company could develop credence to and change the business strategy based on that. The reason why you still have not understood the meaning of digital transformation is that there is no proposed definition to go by with. The sense and explanation to digital transformation keep on changing as per the requirement of business and this is why it is subjective.
From small to medium and large, digital transformation is imperative to proliferate the growth of all types of businesses. The perception of digital transformation trends can be understood by a company employing highly-advanced technologies and strategies that could meet modifying business and market requirements.
The term digital transformation has gained marketers’ attention quite rapidly as it acts as a foundation to sustain customers and enact a driving force in the business to keep it moving. In simple terms, digital transformation is ultimately giving consumers a holistic experience with a dash of evolving technology.
Why Is It Important to Have a Digital Transformation Strategy for Your Business?
Every business has a dream to fulfill and a vision to achieve that can be weaved around digital innovation pillars. Factors such as digital technology, cultural change, and workplace adaptability, etc. play a significant role in shaping business goals, growing revenue, and transforming enterprise strategy to gain competitive advantage.
With the evolution of time and digital approach, the way businesses appeal to their customers has shifted drastically. Since everything has gone digital, be it technologies, data, or even marketing now, lack of authentic digital transformation strategy will always be like a hanging sword to companies haunting them till culmination.
It’s not their fault though, many businesses aren’t aware of the digital transformation trends and the advantages they propose. Therefore, in order to help them attain digital success within a specified time, here are four essential reasons to adopt digital transformation for your business.
Meeting Customer Expectations
Being a digital company is a key factor in many respects today. Though the impact of digital transformation will be getting the drift of almost every aspect of the business, it will likely have the most significant impact on understanding customer experience and meeting their expectations. Over the years, the companies have put a lot of effort into improving customer experience and making it the core objective of the company. The implementation of chatbots, personalization, and advanced content recommendation are realistic examples of improved CX that could have been possible because of digital transformation.
Enhanced Agility With Revolutionized Innovation
Marketers believe that digital transformation is the key to agility and innovation or vice versa. The revolutionized technology and true agility are transforming the face of the business to outside the boundaries making them adapt to the rapidly evolving changes. Agility and innovation are going to be one of the most wielded digital transformation trends in 2021 and the forthcoming years. Sustainable agility and groundbreaking innovation are adding to organizational success for a long time. Moreover, organizations with the help of these two transformative digital trends can provide a simple and effective framework to their business model which eventually helps them to innovate and deliver what customers want more effectively.
Advancement of Digital Drive in Business
Why do the majority of businesses aspire to employ effective digital transformation strategies in their venture? The apparent answers would be to get ahead of other businesses or to increase ROI. But there’s more to digital transformation than money. The digital transformation that has now become a buzzword among marketers, helps in collaboration and bestows organizations with more data-insights. Whether it comes to maintain operation discipline, efficiency, and reducing manpower with the help of automated tools, the digital transformation trends simply makes business undergo technological changes and restructure the business approach for enriching customer experience.
Embedment of Internet of Things
Whenever a word digital hove into view, the Internet is one important out of all the things that follow invariably. If we summarized the whole point of digital transformation in any aspect of the business, we can conclude that with the point – it is all about the internet and data. On the other hand, the giant network that connects customers and company is IoT i.e. Internet of Things. IoT is fueling digital transformation in many ways. There are many businesses such as Ring whose business foundation is IoT itself and they have boosted their business by leveraging DX to different verticals of their business.
Here Are 10 Favorable Digital Transformation Trends for Businesses in 2021
Do you know that more than 50 percent of startups have already adopted digital transformation strategy while around 70% of the companies either have planned a whole lot about it or are still considering implementation of the same? (Source – Digital Business Survey)
The most researched firms across the globe believe that digital transformation has become an even more important topic of discussion after the COVID19 pandemic. With digital transformation trends 2021 is emerging as a hot topic now, to put in a nutshell, the part organizations have taken data-driven decisions and employing technology as a share of digital transformation while part are still giving the integration of innovative solutions and reformed strategies a second thought.
Since the rising digital transformation market trend and customer experience are corresponding together profoundly, here are the top 10 digital marketing trends businesses are setting sights on in 2021 in order to leverage their business operations and workplace dynamically.
Remote Working Culture
Yes, you read it right! Adopting remote work culture by many amidst this pandemic has grown beyond just the passing phase for enterprises. There was news that several companies have welcomed this new normal gracefully while some are planning to set up a virtual workplace forever. There’s been a huge difference between the number of people who work from home or anywhere they want, now and then. It is anticipated that the organizations who adapted the work from the home culture in earlier days are in a good position to continue business operations the same way in upcoming years as well. And sustainable digital transformation trends along with topmost strategy play a huge role in the success of hybrid or remote work culture.
5G and AI
The 5G technology is widely popular in the world for broadband cellular networks and artificial intelligence, contrastingly, is famous for interpreting human-like intellect faster. These two inventions are certain to be among the top digital transformation trends that enterprises are looking for to integrate into their business model either this or that way. While connectivity plays a vital in making people form a connection with various verticals across the globe, AI-powered solutions such as Grammarly, social media monitoring tools, and AI tools for quality assurance are leveraging businesses in streamlining various tasks in an easier and effective manner.
Cybersecurity is constantly on the rise ever since it got underway. It is one of the transformative digital trends that businesses could be considerate of implementing. There are many technologically advanced tools companies put into place that provide protection from cyber-attacks and save businesses from getting themselves involved in any kind of security risks. Firewall, anti-virus, wireless security, and server encryption technologies are prominent examples of cybersecurity.
Robotic Process Automation (RPA)
As per the survey conducted by Deloitte, more than 50% of marketers revealed that they have started their RPA journey. So automation, as the term defines itself, is anything that can make something operate on its own. For eg – Google’s auto-correct and smart compose feature in the doc is a very recent and intelligent example of automation. Innovative digital transformation market trends like automation enable organizations to save time and energy in a variety of ways.
Advancement of Analytical Tools
Analyzing data and extracting relevant information is one of the integrated approaches organizations look forward to being more dependent upon in 2021. Since handling several tasks and prioritizing the same can lead companies to reach validity of requirements, analytical tools like Customer Relationship Management (CRM) and Employee Resource Planning (ERP) could help businesses to form actionable insights towards every day or once-in-a-while operations.
Enhanced Communication Networks
Digital transformation strategies are becoming ubiquitous for many businesses. There are several emerging technologies that will fundamentally impact how businesses and their employees connect in the coming years. While companies are itching to get onboard with various such technology trends, the integration of IoT, AI, and big data in technological tools are boosting communication networks efficiently.
Proliferating Digital Marketing
The term digital transformation might appear vague to many industries because not many enterprises have yielded the true meaning of it. Besides, there are industries that have gained the active pursuit of digital excellence by employing digital transformation trends and strategy. Digital marketing is one such industry that has witnessed enormous benefits in terms of connecting and reaching to customers and finding sustainable ways to market their products and services to outreach a wider group of audience.
Heavy Investment in Cloud Technologies
Digital transformation is being recognized as a new paradigm that holds immense power to change the fate of the business. When it comes to modern-age transformation, leaving cloud computing behind would be like forgetting morning coffee – the essentials. This is the 21st century where “Go digital or Go home” slogans are making strides. Since many avant-garde solutions have rendered traditional businesses massively, cloud engagement and adoption is the firm’s new trend that’ll fuel their business by making operations flexible and give exponential expansion in forthcoming years.
Boosting Real-Time Data Processing
By keeping digital transformation as one of their key strategic priorities, the majority of companies are looking forward to seeking a well-thought-out business approach by integrating real-time data and analytics to establish innovative business metrics and track progress. The real-time data processing tools have become the lifeblood for businesses immensely that is helping businesses to keep an eye on every project comprehensively. The decision of implementing real-time data transformation in business is making IT infrastructure inseparable from technology among many digital transformation trends.
Embracing Quantum Computing
A modern and advanced computing technology based on quantum theory is commonly known as quantum computing. But you might be thinking in what ways quantum computing is useful for business and how it adds to the vision of the same, right? The theory of advanced quantum mechanics in business prospects is alleviating complex computer modeling that is very beneficial when it comes for businesses to gain momentum on improvised data analytics. This technology might appear as an alien to proliferating business and adding up to top digital transformation trends but is worthwhile in making computing calculations as easy as pie.
It has been anticipated by trade analysts and bigwig marketers a decade ago that every business should be digitally operable as that’s what is going to be the driving force in-coming age. The digital transformation tools like real-data analytics, AI, and 5G along with inventive strategies such as adapting remote workplace culture, with cybersecurity and quantum computing will allow companies to establish an unbreakable connection with customers and pave ways for them to reach newer heights in terms of growth.
Since enterprises are looking for a peerless opportunity to become intelligent and gain a competitive advantage, the implementation of digital transformation trends and tools will not only optimize but completely transform your business.
Want to discuss the most suitable transformative digital trends that could shape your business?
Reach out to the team of skilled professionals who have years of experience in analyzing the nature of business and suggesting best practices that would help enterprises to stay ahead of the curve.
A young entrepreneurial technocrat who is the Co-Founder & CEO at Appventurez Mobitech. After completion of his masters in Computer Application, he dived into the world of technology as an iOS developer. As a CEO, he firmly believes teamwork and collaboration are the essential tools for any company’s success.
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