While digital technology evolves and becomes more robust and all-encompassing, the scope for the uses of the technology also gets wider and wider. As more companies get on the path to digital transformation, technology is becoming more focused in the CPS domain.
Here’s a look at a few digital transformation trends in 2022, and why businesses need to be more focused on embracing digital transformation solutions to stay ahead in the race.
Get Better and Faster or Lose: 5G is the one of the Key Digital Transformation Trends in 2022
Whether 5G connectivity is over-hyped or underestimated, the fact remains that 5G is the one of the key digital transformation trends that we will see this year. Businesses and enterprises need to tap into this technology to be on a level playing field in the market.
1. By 2021 end, 116 countries deployed 5G technology per the Ookla® 5G Map™ . This is a whopping increase of 99 countries from the previous year. 2022 will see a further increase in this with more spectrum auctions across top 5G brands.
2. The geographical reach will also get wider with more and more connectivity players wanting to jump in the fray, especially in lower-ARPU markets such as the Indian subcontinent, Latin America, developing countries in the Asia-Pacific, and Africa.
3. While the 5G speed levels might go downwards in the developing countries due to lesser fiber backhaul penetration combined with a high population density thereby affecting the global median 5G speed levels, 5G still promises to be better and faster than 4G across the globe.
Some of the top 5G trends we can expect to see in 2022 for enterprises:
Increased and Faster Adoption
The IoT boom and increase in cloud based workload will see an increased and faster adoption of this technology as part of an organization’s digital transformation technology strategy. Bigger bandwidth, faster speeds, and increased mobility are the factors that will drive businesses towards adopting 5G.
Boost in Edge Computing
Enterprises need faster and better connectivity especially when remote working and IoT have started assuming bigger roles in businesses. This also means that there should be faster and better computing and bigger storage at the server levels. So, as more and more companies adopt 5G as part of their digital transformation solutions, Edge computing will also see an increase in demand.
Increase in Market Competition Among Connectivity Providers and Hardware Manufacturers
It’s only logical that as more enterprises embrace 5G as part of their digital transformation, technology providers in the same sector will compete with each other for their share of the market pie. There will be stiff competition among network providers in the bandwidth real estate, and routers and switches manufacturers are predicted to match the performance of 5g and fully tap into the potential with better, faster, and cheaper products.
The Rise of the Metaverse: The Roles of Immersive Technologies
The ‘Meta’ of things is not just limited to Facebook. In the digital transformation technology sphere, more and more players will arise, ushering in the new world of the Metaverse. Google and Microsoft have already pitched in, and so will be many other leading players in this arena.
While the preceding years were all about Virtual Reality (VR) and Augmented Reality (AR), 2022 will see an increase in Extended Reality (XR) – a combination of AR and VR – technology. We already saw how IKEA and Mercedes Benz used VR and AR to offer their customers an enhanced user experience,
ER will get a sizable chunk of the global Metaverse market, Extended Reality (XR) Market is expected to register a CAGR of 57.91% between 2022 and 2027.
Immersive technologies such as VR, AR, and ER are digital transformation technology solutions that will help businesses attract and retain more customers in 2022 and beyond.
Artificial Intelligence (AI) will be the Mainstream Technology
Artificial Intelligence can play three key roles in business — better engagement with employees and customers, key insights through data analysis, and automation of business processes Therefore, many top level organizations have already accelerated their Artificial Intelligence deployment programs.
These are some of the mind boggling statistics on AI compiled by industry experts:
AI will potentially contribute US$ 15.7 trillion to the global economy and increase GDP for local economies by 26% by 2030. By 2027, the AI global market value is expected to reach US$ 227 billion.
Needless to say, enterprises, big businesses, and even small to medium organizations will be leviating towards AI in 2022.
Cyber Security and Data Protection
With increased levels of high technology hacking, some of them even state sponsored, the need for higher levels of data protection and cyber security is the need of the hour. These are some of the cyber security trends you can expect in 2022.
More Cloud Security – with more and more companies parking their data on the cloud, some even running businesses from there, cyber security companies will be focussed on building non permeable, strong cloud security solutions.
An Uniform Compliance Law – while laws and regulations exist, experts will explore working towards a uniform set of cyber security and data protection laws that will work across different geographical locations and entities.
In addition to the above, we can see an increase in the use of machine learning, awareness levels of security threats, and creating a more robust cyber security mesh.
As these trends indicate, we can see that as digital transformation technology evolves, connected technologies are also evolving side-by-side. The race is on between businesses in embracing digital transformation solutions, and you cannot afford to stay behind..