Top Digital Transformation Trends in the Coming Year

Last year was conclusive proof that digital transformation has become necessary for all organizations alike. With organizations worldwide embracing this transformational journey, many wonder what the new year will look like. The last year also witnessed many technological advancements and fundamental shifts in priorities, mostly surrounding “remote-everything” solutions.

 

As far as technologies are concerned, AI and Machine Learning (21%), cloud computing (20%), and 5G (17%) will be the most important technologies in 2022, according to a recent report. Whereas manufacturing, financial services, and healthcare industries will see the most impact of technology implementation and advancements. 

 

Here’s a deeper look at some of the predictions for the new year:

Growth of 5G

5G became a hot topic in 2021 due to its multiple benefits like zero downtime, high speed, and low latency. The deployment of 5G had limited availability, limited deployment to a specific frequency, and high costs in 2021, the promised speed of 5G was not up to the mark either. In 2022, technological advancements, deployments, availability, and speed of 5G will be imminent. According to a forecast, 5G connections will grow to 4.4 billion by 2027. 5G will help enhance connectivity while increasing the accessibility and reliability of the network. 5G will also revolutionize multiple areas like telemedicine, virtual learning, manufacturing, day-to-day professional and personal communications in the coming year. 

Focus on AI and Automation 

AI has been around for a while now, and it continues to be pivotal to innovation across multiple sectors. A recent survey suggests that AI will drive most innovation across nearly every industry sector in the next five years. 2021 saw investments and developments in generative AI. According to Gartner, generative AI will account for 10% of all data produced in the next three years, compared to less than 1% at present. With its ability to streamline workflows, process automation has transformed the way businesses operate and scale. Intelligent Automation, a combination of AI and automation, has been at the forefront for carrying out tasks like maintaining patient records to complex financial services automation in financial institutions. 

Rise of Hybrid and Multi-Cloud

The challenges surrounding data privacy, security, and accessibility can be addressed by combining the private and public cloud infrastructure – hybrid cloud. Owing to this, many leading technology players have built new, robust hybrid cloud services. As we step into 2022, with hybrid cloud dominating the market, we can see a rise in multi-cloud infrastructures. Next year, we can see an air of normalcy within enterprises to have more than one public cloud to solve their technology and business challenges. 

Suggested read: How the Combination of Cloud and AI can benefit your business

All Eyes On Metaverse and Cryptocurrency

Last but not least, let’s address the elephant in the room – the metaverse and the cryptomarket. The current buzzword ‘metaverse’ has piqued everyone’s interest. Metaverse, meaning ‘a universe beyond’, is a term used to describe the future of the internet. Metaverse is a blend of various technologies; it primarily involves AR/VR, mixed reality, digital form, and assisted reality. Still a concept in its infancy, it will be a tool that can potentially revolutionize how humans interact with technology. 

 

Another hot topic in the global market is cryptocurrency (or web3, if you like the rebranded name). Blockchain technology is crucial in cryptocurrency, and its applications are countless. Over 43% of surveyed respondents believe cryptocurrency exchange to be a primary use case of blockchain technology in 2022. Furthermore, investors are extensively investing in digital real estate in the future digital world, making Metaverse’s interaction with web 3.0 even more robust. This can be exemplified when a New York-based metaverse real estate firm bought a plot of digital land worth $4.3 million in one of the virtual world portals. 

While there are many more predictions for the new year, these predictions are eyed the most and have promising futures. To learn more about 5G, automation, or AI, connect with us today at www.vsplc.com.

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