
Top Digital Transformation Trends in 2020
Here are some of the major digital trends most popular, which have managed to transform businesses and operations alike.
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CIO Applications Europe | Wednesday, July 15, 2020

Here are some of the major digital trends most popular, which have managed to transform businesses and operations alike.
FREMONT, CA: As firms and companies seek long-term roadmap to yield results, the tech trends are digitally reinventing their brand image and streamlining their operations on a single platform. Every sector has been able to lap up the yield by 21st-century technology and spoilt for choice with all the tools and software available at their disposal.
With the help of machine learning and artificial intelligence, businesses have undergone a widespread transformation in 2020, which have proven their multi-fold benefits.
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One of the greatest innovations of the digital age, AI, has managed to revolutionize business models across the private and public sectors. The tool expected to drive over $15.7 trillion in revenue in the global economy by the next decade. As of now, 27% of the sectors have already deployed AI, while 16% have incorporated it in their pilot projects.
Cloud Migration
A close second in terms of high utility, cloud computation, or migration has had firms shut down their physical centers and shift their operations to the cloud. This is the perfect fit for businesses that are immensely data-driven, and are seeking to increase the reach and value of their data.
Cloud-driven Innovation
Since cloud migration gained traction, the large-scale public cloud centers have evolved from mere hosting platforms to more advanced utilities that exploit and mine data. This has paved the way for new devices such as wrist wearables and compact mobile gadgets.
Strategic Acquisitions
As the pandemic has several businesses shutting down permanently, it has also provided an avenue for several others to absorb or acquire them. The situation has shown that acquisition has not slowed down, but is advancing with more precision and strategy. With digital transformation, they have been able to turn any event into an opportunity.
Continuous Collection of Data
In the current age driven by data, there is a constant collection of data, segregated, and analyzed for the benefit of all economic activities. Proper utilization of data has led companies to sharpen as well as customize their marketing and advertising tools to reach their target audience.
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