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Business Trends
Gowthaman Krishna Pillai
Published on January 13, 2021 Less than a 40 Seconds read

DIGITAL TRANSFORMATION


Overview

Most certainly, we all know that WhatsApp is one of the most used chat applications now a days people use for both corporate and personal use.



Artificial-intelligence

Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It involves using digital technologies to remake a process to become more efficient or effective.

The idea is to use technology not just to replicate an existing service in a digital form, but to use technology to transform that service into something significantly better.

As digital technologies dramatically reshape industry after industry, many companies are pursuing large-scale change efforts to capture the benefits of these trends or simply to keep up with competitors.

Let us understand the elements of digital transformation:

Artificial Intelligence & Machine Learning

As data continues to grow exponentially, data without technology to analyze it is useless. Through machine learningand advanced data analytics, AI will help these businesses detect new buying patterns and provide online customers with a greater personalized experience.

Blockchain

The COVID-19 crisis has revealed a general lack of connectivity and data exchange built into our global supply chains. Supply chains across the globe were impacted by the virus. There is a dire need to build transparent, inter-operable, and connective networks.
Blockchain , if deployed correctly, has the potential to fix damaged supply chains by processing and verifying transactions quickly.

Internet of Things

Internets of Things (IoT) devices enable internet connection beyond computers and smartphones with the possibility of remote control. This technology will enable us to predict and treat health issues in people even before any symptoms appear. Personalized approaches concerning prescribing medicines and applying treatments will appear.


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