2018 passed already 6 months and it is about time to reflect back which have been the predictions of 2018 digital transformation trends. Let’s see what the analysts said and the progress on the market is.
AI-based virtual assistants are becoming more popular than ever before, and consumers are widely accepting AI-powered services. This has stirred a revolution in businesses worldwide to deploy AI and improve the end-user experiences. By 2020, the AI market will surpass $40 billion.
INTERNET OF THINGS (loT)
The past few years have seen a gradual but increasing trend in what we call the Internet of Things (loT). Predictions reveal that in the next five years, $6 trillion will be spent on IoT solutions globally, and about 24 billion IoT devices will be installed by 2020.
With growing volumes of data, there’s growing need for smart, advanced analytics. The coming years will see a massive rise in data analytics as a service and about a 43% rise in a requirement for Hadoop professionals.
Digital transformations are shifting from platform-first strategies to initiatives that leverage emerging technologies in service of clear customer and operational goals.
As long as there’s big data, a cloud is here to stay. Companies across the globe are adopting cloud to store massive business data and improve efficiencies. Today, 73% companies are planning to move to a cloud-based data center within the next 2 years.
Augmented Reality has been a hot trend in the gaming world. Apart from gaming, AR is being actively used in 3D viewers, reality browsers and to deliver a wide range of experiences. The expected revenue from the AR market by the end of 2018 is about $659 million.
Soon enough the breakthrough SG technology will take over 4G. SG will certainly be faster than 4G and is expected to deliver greater productivity with multi-gigabits per second. Though it is still in the development phase, it is all set to bring a revolutionary ‘Gigabit Smartphone’ era.
Mobility enables businesses to reach out to massive target markets and brings productivity in the way employees perform. Studies predict that IT enterprises will spend about 25% of software budgets towards mobile application development.
The innovative concept of Edge Computing enables smooth processing of massive data produced by IoT devices. This Edge-IoT partnership is proving to be revolutionary, and sooner or later, and the global edge computing market is expected to reach $6.7 billion by 2022.
The cryptocurrency or virtual currency market is at an all-time high and is expected to grow enormously in the near future. Blockchain is the technology designed for accounting and verification of digital currencies and the market is expected to rise to $2.3 billion by 2021.
In the coming years, there will be a widespread acceptance to remote work. It enables entrepreneurs to hire talent beyond boundaries. It is also expected to save infrastructure costs by about $15 million in 2018.
Which Digital Transformation trends in 2018 did keep you busy in your digital transformation strategy? Did you already adopt one or the other technology? Share your experience in 2018 with your peers and use our commenting section below.
Source: Estuate Inc.