7 Key Technology Trends Enabling Digital Transformation

Globally, businesses have started showing more inclination toward digital transformation in this pandemic age. CIOs, CTOs, and IT leaders keep on brainstorming to identify opportunities and challenges in making their enterprises digital. 

As the transition from traditional to digital business takes place, it is necessary for modern enterprises to fulfill an array of requirements. Thankfully, advancing technologies enable them to meet this objective effectively. 

In this post, we are going to discuss seven major technology trends for digital business transformation. But, before moving to these trends.

let’s understand the significance of digital transformation solutions in today’s businesses. 

Digital Businesses- How Digital Transformation Solutions Help? 

Let’s consider an example. Bank ATMs and mobile applications can store the data regarding the customer’s shopping behavior and withdrawal patterns.

However, this storage is at a local level and mostly remains separated. Digital transformation in fintech sector can assist banks and financial institutions to sync this data and get a comprehensive picture of the customer’s financial patterns and interests. 

Here, two technologies work together- cloud computing (to get real-time access to the customer’s complete data), and IoT (ATM machines and finance apps).

We can see in the above example that mobile devices app are combined with people and businesses.

This is known as a digital business. Unlike traditional business, a digital business aims to achieve connectedness between individuals and smart devices by making use of futuristic technologies. 

Digital transformation solutions can integrate advancements of these technologies for making the business digital. 

Here are the top technology trends of digital business transformation that can rule in the year 2021 and beyond. 

Top Technology Trends Set to Rule in Digital Transformation in 2021

1. Cloud-powered Applications

Cloud computing is one of the most rapidly streamlining technologies in the corporate sector. Digital businesses are thriving with the help of cloud-native apps. It is possible to access and change crucial business data along with functionality using such apps.

Technologies like Dockers are at the forefront of redefining the way to build and deploy enterprise applications. Web-scale IT, a term coined by Gartner, can make the most of containers for representing the ways for delivering seamless user services at a huge scale. 

2. API Management

APIs and API management platforms like Apigee and Mashery are useful for ensuring seamless connectivity among business partners, customers, and stakeholders. With APIs, all business applications can expose one or more functionalities effectively.

These functionalities can be combined to expose one or more business services to customized applications.

3. Internet of Things (IoT)

IoT technology needs no introduction. Though machine-to-machine (M2M) platforms have been around for over fifteen years.

it is recently when they are getting more traction in the corporate world.

It is simply because M2M platforms are at the core of any IoT solution.

IoT is going to take a center stage and will become one of the priorities for CIOs and CTOs in coming years. As a connective technology, IoT acts as a bridge between things and businesses. The advent of IIoT (Industrial IoT) is capable of taking the digital business transformation to new heights. 

4. Mobility and Social Media Integration

These days, tech-savvy customers want to access all services and products with the same experience across different channels or platforms.

Businesses have to consider this trend while opting for digital transformation initiatives.

It makes mobility an indispensable concept as enterprises start offering their products and services across various mobile platforms. 

Along with this, it is necessary to consider the growing importance of social media channels. Be it Facebook or Twitter, it is necessary to capture all the data of the targeted audience on these platforms to offer people personalized experiences.

Digital transformation solutions are designed to fetch the data and analyze it for gaining valuable insights. 

5. Data Analytics

Data can be collected from various sources and it may be either in structured or non-structured form.

Therefore, it is essential to analyze and use it in one or more unique ways. Here data analytics come into the picture. It is possible to reengineer existing business models or explore new avenues based on robust analytics. Big data and predictive analytics will play crucial role in generating more value out of collected data. 

6. PaaS (Platform-as-a-Service)

Cloud-native apps have some limitations, and therefore, it becomes imperative for cloud integration services to integrate on-premise apps as well.

Here, iPaaS (Integration Platform-as-a-Service) plays a crucial role.

Business enterprises consider iPaaS to make the most of thriving cloud technology while integrating cloud-native apps with on-premise apps.

Platform-as-a-Service is also useful for developing and deploying business apps. We can consider PaaS as an important trend for implementing digital transformation in industries. 

7. Web-based Technologies

MEAN (MongoDB, ExpressJS, AngularJS, NodeJS) Stack is one of the web-scale technologies that are getting mainstreamed quite quickly.

These technologies are designed to redefining the traditional web development. process for addressing complex business requirements.

Along with this, web-scale IT can easily meet primary requirements of speed and user-friendliness in corporate-level web solutions. This ultimately makes digital transformation more effective for companies. 

Concluding Lines

Digital transformation is a time-consuming process and brings radical changes in the way we work. In this pandemic age and beyond, digital transformation solutions remain handy for enterprises globally.

We can certainly expect that the technology trends mentioned here will take enterprises to new heights in the coming years.