Introduction
Technology has produced a culture in which new inventions are constantly changing our daily routines, jobs, and how we interact with one another. Many of these technological improvements are excellent; they enhance our quality of life, increase productivity, and provide us with more access to necessities. This article examines how developing technologies such as big data, blockchain, cybersecurity, artificial intelligence (AI), robotics, and the Internet of Things (IoT) impact organizations. It goes on to demonstrate the various ways in which these technologies could alleviate the issues caused by digitalization.
Emerging Technologies
Artificial Intelligence
Artificial Intelligence (AI) is one of the most ranked emerging technologies; it includes chatbots and Apple’s Siri. Chatgpt was released in November 2022; it is a generative AI that utilizes natural language processing to generate human-based texts (Watters, 2022). Its creation brought up many questions because leaders wondered how it could be proved that the text was from humans or technology.
Internet of Things (IoT)
IoT is widely used in many industries. They exploit linked devices to ensure businesses achieve effective results. The capabilities of 5G contribute the most significantly to this expansion. This increasing bandwidth of IOT has increased the chances of cyber security. The distributors are supposed to ensure that IOT becomes safer and more secure for organizations to use.
Machine Learning
Machine learning is an emerging technology that enables users to draw insights from large amounts of datasets. Despite the numerous benefits of machine learning, developing learning models takes a significant amount of time and resources. AutoML automates tedious and repetitive operations like data purification and parameter selection to free up technical resources. Furthermore, AutoML enables non-technical users to use technology more successfully by building learning models with algorithms rather than humans.
Impact of Emerging Technologies
Many organizations’ business methods have changed as a result of technological advancements. The advent of social media and online customer service has reduced the requirement for human skills to provide clients with individualized attention (Laliberte & Entwhistle, 2022). Technologies such as file sharing, internet purchasing, and online money transfers have enabled businesses to conduct tasks considerably more swiftly. It speeds up the sales process while also ensuring that the firm runs smoothly.
Transparent financial and organizational data, investments, and video conferencing all help to expedite company transactions. Businesses now have more control over their logistics, communication, and transportation needs. Technology has dramatically increased internal and external communication. People in various departments and functions may now communicate more efficiently and keep track of who is doing what. Sending urgent emails, SMS, or video chat messages to the staff will make it easier to communicate with them.
Mobile technology enables businesses to connect more effectively with their consumers and staff. It can also be used for marketing purposes, such as sending newsletters or emails with promotions to encourage people to work for the company. Cloud computing enables firms to watch their competitors’ actions and learn from their triumphs and errors. Small firms can profit from cloud computing since they often need more resources and a workforce to handle administrative tasks such as productivity, marketing, and data storage.
Ways of Reducing Digitalization burden
Power Ecosystems
The rapid proliferation of digital possibilities is resulting in an increasing resemblance between products and services. In general, modern offerings are considered as individual components that can be joined to form product and service bundles. Networks of collaborative supply chains offer customers a superior value proposition. Meanwhile, the internet, cloud computing, and mobile interfaces have all contributed to the evolution of corporate customer service techniques (Violino, 2021). These characteristics make it difficult for a single provider to meet the needs of all of its customers. Small and medium-sized firms, like other service providers, must decide how they want to participate in the ecosystem.
Management
Despite the growing complexity of digital transformation, firms may now automate entire operations and divide them into manageable parts thanks to innovative methodologies. Coordination of all firm digital components is the pinnacle of digital transformation. Stakeholders can use the tools available today to automate the organization, coordination, and management of computer systems, middleware, and services in computing environments. They can also use automated techniques to facilitate larger workflows.
Scope and phasing
As the complexity of digital transformation initiatives grows, iterative scope definition becomes necessary. Connectivity is the initial step toward adopting more complicated cloud-based service models. Every digital transformation platform requires remote device and system access. Connectivity makes it easier to incorporate mobile interfaces (Thomas et al., 2021). Automating basic activities to reduce human labor and increase productivity is the first step toward digital transformation. Following that, we will connect internal and external workflows, automating more than just essential procedures. Moving computing from on-premise data centers to cloud-based infrastructure boosts scalability and analytics. Many organizations need help to complete the transformation in one go. Stakeholders require a roadmap with milestones and proofs of concept in order to manage project risks and modify course.
Conclusion
In conclusion, understanding various emerging technologies is of paramount importance. This study explores the effects of this emerging technology on industries. Moreover, it explains various ways to handle the complexities of digital transformation. As digital transformation becomes a vital component of modern business, new ways to expand digitally, automate operations, and generate insights are emerging. With the advent of digital orchestration of whole business flows, firms can now progress beyond mere automation.
References
Laliberte, S., & Entwhistle, G. (2022, March 30). Emerging Technologies: Creating New Ways to Solve Business Problems. CIO. https://www.cio.com/article/307577/emerging-technologies-creating-new-ways-to-solve-business-problems.html
Thomas Craig, K. J., Willis, V. C., Gruen, D., Rhee, K., & Jackson, G. P. (2021). The burden of the digital environment: a systematic review on organization-directed workplace interventions to mitigate physician burnout. Journal of the American Medical Informatics Association, 28(5), 985–997. https://doi.org/10.1093/jamia/ocaa301
Violino, B. (2021, March 8). Mitigating the hidden risks of digital transformation. CIO. https://www.cio.com/article/191398/mitigating-the-hidden-risks-of-digital-transformation.html
Watters, A. (2021, September 9). 15 Emerging Trends in Information Technology for 2021. CompTIA. https://connect.comptia.org/blog/emerging-trends-in-information-technology
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