A recent report by CIO Magazine entitled ‘State of the CIO’ revealed that 40% of all technology spending is currently focused on digital transformation. This should come as no surprise to those enterprise-level businesses working hard to outrun the many leaner startups threatening to take away their market share. Building a robust digital infrastructure is the best way to thrive in the present marketplace and win in the future.
But what business processes and technologies will drive a successful digital transformation?
Well, first things first, the most important part of any digital transformation is laying a strong data foundation by implementing new processes and technologies to help your business to achieve your operational objectives.
These processes and technologies will vary from business to business but will tend to be along the same lines, which include:
- AI / Machine Learning – AI tends to be used for digitising time-consuming human tasks such as administrative tasks and call centre support. For example, it may also be used for more advanced functions such as engineering insight or generative design. Companies are deploying machine learning to help them precisely execute repeatable tasks such as data model construction and data preparation.
- Automation – Automating various business-related processes is the primary goal of digital transformation, as it unlocks efficiencies for both companies and their customers. AI and Machine Learning are also coming into play with automation workflows through robotic process automation (RPA).
- Big Data and Analytics – Big data and analytics provide solutions for companies who want to derive key insights from the 2.5 quintillion bytes of data produced daily, allowing them to develop data models that generate actionable analytics to enhance buyer targeting and generate more revenue.
- Cloud Computing – Migrating from on-premise hardware to a cloud-based infrastructure is critical for any business considering successful digital transformation, providing them with the flexibility to grow their business without any logistical or technical restrictions.
- Internet of Things (IoT) – The development of small internet-connected sensors now means that devices as diverse as cargo trucks and video game systems can now transmit data. When this data is combined with a cloud data warehouse and data management platform, it offers companies a new dimension of analysis and targeting.
- Mobile – The stat that 53% of all online purchases are made using mobile means that the customer experience is now the mobile experience. So all departments within a business must focus on mobile usage.
Business processes and technologies are the core components of successful digital transformation, which rely on a secure data foundation.
If you are looking for a new role in data and analytics or want to strengthen your data and analytics team, please don’t hesitate to call the experienced recruitment consultants at Agile Recruit.
