Matt Weston peers into his crystal ball and makes predictions as to how digital transformation will continue to evolve in 2023
Back in 2019, who could possibly have predicted just how tumultuous the early 2020s would be for electronic transformation?
When the pandemic hit, an urgent acceleration of digital transformation initiatives followed. Companies of all sizes, across a broad range of industries, were forced to invest in advanced, collaborative technologies within an effort to adapt to the new normal.
Covid was certainly a shock in order to the system for those organisations that had not previously invested heavily in electronic.
However , it helped many to establish a solid foundation to begin building towards a brighter future, driven by technology.
As so much has changed over such a short space of time, and with firms now more reliant on technologies than ever before, the particular big question that business leaders will be asking themselves is: what key digital transformation styles will 2023 bring?
Electronic transformation developments in 2023
With the New Year just around the corner, now is the perfect time to ponder this question.
Doing more along with less through automation
UK businesses are facing a decidedly bleak economic outlook. With the country in the particular throes of a crippling cost-of-living crisis, as the effects of Russia’s illegal invasion of Ukraine ripple throughout the globe, the UK is expected to remain in recession until well in to 2023 , and perhaps beyond. Amid these financially turbulent times, companies are being forced to make difficult decisions when it comes to their budgets, plus how they can aim in order to drive efficiencies in the most cost-effective ways possible.
Automation adoption is often viewed as one associated with the best methods that will companies can employ to streamline processes and boost revenues without causing costs to spiral out of control.
Recognising the benefits that can become brought by automation, 54 per cent of organisations have already begun implementing robotic process automation [RPA] into their own processes, according to the Deloitte survey. With the particular economy within such dire straits, and the landscape continuing to look so grim for businesses, it is highly likely that will we will see a greater number associated with companies investing in this particular technology than in the past.
Not only will applying automation end up being an affordable alternative to investing in a full electronic transformation project for numerous businesses, this will also provide a basis upon which in order to create brand new efficiencies within the years to come. Indeed, Gartner predicts that, by 2024, hyper automation will certainly enable organisations to lower their operational costs simply by 30 per cent.
At a time of great economic uncertainty, when every penny that businesses spend needs in order to be clearly justified, automation is the proven and dependable cost saver.
Digital sustainability
As the world faces a growing climate emergency, and with recent events like COP27 shining a light on the urgency for nations to take action, sustainability has become a major topic of discussion in recent years.
While the onus with regard to addressing the crisis lies largely along with those countries that are producing the particular highest levels of pollution, there is much that will businesses can do on a good individual level to play their particular part. This has seen organisations introducing a wide range of sustainable endeavours, such as modifying production procedures to emit less waste or emissions, and implementing conservation techniques, like using less energy and water on-premises.
One of the other key initiatives that companies are employing is becoming more reliant on technology than other, less sustainable practices and processes. As such, in 2023, it is likely that a lot more companies may seek to drive sustainability in their operations via implementing composable enterprise strategies – companies breaking down the tech stack directly into smaller components and services called microservices or packaged business capabilities (PBCs). By doing therefore, businesses can be able to unlock and integrate data plus applications and apply software and analytics to derive insights.
Along with VentureBeat reporting that, currently, around 90 per cent of technology leaders recognise sustainability as a key objective within their organisation, we can expect to see a greater portion of company budgets being allocated in the direction of this cause over the next 12 months.
Technology tailored in order to remote work and culture
As formerly mentioned, the particular coronavirus problems placed technology centre stage for several businesses. With the introduction of stay-at-home directives because of the pandemic, organisations were required to move many of their procedures online in a bid to keep physically dispersed teams connected digitally.
Miraculously, the great work from home experiment which Covid brought has proven to be far more successful than a lot of predicted, with numerous companies planning to make remote working a permanent part of their pattern. After all, Office for National Statistics [ONS] figures show that, as of February 2022, 84 % of workers who had to work from home during the pandemic said they planned to carry out a mix of working at home plus from their own place of work moving forward.
Along with work flexibility clearly here to stay, and becoming increasingly central in order to company tradition, staff productivity, and inclusivity, there will be a good chance that we will see the gap between all those organisations which have embraced long term hybrid working – and those that have shunned it – always grow.
Furthermore, tech developers will function hard to tailor their collaboration and flexible working tools to meet the increasing demand for such products. Simply by investing within these technologies, businesses may empower their particular teams to continue operating seamlessly together across multiple locations, thereby solidifying their distributed versatile workforce.
All eyes upon 2023…
Considering how much has happened in the world of digital transformation over the past few years, this is not a leap to think that will the following 12 months will also bring their fair share associated with technological advancements.
With the outbreak having fundamentally changed the particular way that many of us work, we will carry on and see the evolution of solutions specially designed in order to empower teams to choose where they work through, without causing undue harm to functional efficiency.
Nevertheless , with almost all the ways that the globe around us has changed so far this decade, there are bound to be a few digital transformation surprises in store regarding 2023 which usually no one could predict.
Matt Weston is usually managing director of Midlands-based IT support provider Vantage 365
Related:
Accenture’s top 5 emerging technology tendencies destined in order to shape business – Five emerging technologies trends that companies must address if they are usually to succeed in today’s rapidly evolving, post-digital, landscape
Five growing trends to drive tech innovation for the next decade – Gartner has identified social distancing technologies, composable enterprise, AI-assisted design, differential privacy plus biodegradable sensors as the particular five important emerging trends that will drive technology innovation on the next decade
New emerging systems to watch out for – Computers that will work at the speed associated with light, gene editing, artificial intelligence – the potential for numerous emerging technology can be overwhelming. Which ones should you as the business become focused on?
