Top 10 Digital Transformation Trends For Your Business in 2023 Posted on 22 December 2022 by Hardik Thakker Adopting digital transformation trends is the key to your business success. With the continuous evolvement of customer experience, technology advancement is increasing daily. So, it becomes your prime duty to stay updated with the recent digital transformation trends. Based on the survey by the leading experts, we’ve come up with a list of the top 10 trends in digital transformation 2023 that trends to watch and you can adopt digital trend to improve your business performance. What is Digital Transformation? Digital transformation helps you and your business to keep track of recent technology updates and business process methodologies. It is actively responsible for keeping your system and improving business efficiency. In 2022, digital transformation (DX) market reach 1.6 trillion U.S. dollars and is expected to reach 3.4 trillion USD by 2026. Digital transformation plays a vital role in enhancing the business performance for almost all verticals of all sizes and shapes. In addition, successful digital transformation helps an organization deliver better customer experiences and earn lasting loyalty. Shaping Your Business With Our Custom Software Solutions We have a team of software developers proficient in dealing with full-stack development services for your business needs. Contact Us 10 Best Digital Transformation Trends of 2023 For Your Business Let’s highlight the best trends in digital transformation, including wider adoption of low-code platforms, increased migration to the cloud, leveraging AI and ML technologies, increased automation, and wider investment in Blockchain. Wide Usage of Low Code Platforms A low-code platform is a development environment that makes it easy for non-technical users to quickly design, build, and deploy software applications for their business needs. With the help of this platform, you can efficiently create a graphical user interface and drag-and-drop tools, especially for business analysts and non-technical users, to design and create custom solutions without coding. Low-code platforms have recently increased due to their time, cost, scalability, and risk reduction benefits. Such inspiring benefits play a vital role in dealing with use cases like: Rapid prototyping Rapid deployment New product development The survey by Statista says that the low-code platform market revenue is expected to reach approx. 65 billion U.S. dollars in 2027 from 13 billion USD in 2020 at a CAGR of 26.1%. As these solutions progress, businesses will adopt them more quickly because they will be able to determine whether certain digital products can survive in their ecosystem more quickly. Cloud Migration is Increasing With the advancement of upcoming technological trends, almost all businesses are migrating more and more towards cloud technologies. It significantly impacts the industry when cutting expenses, improving accessibility, and outsourcing tedious routine maintenance work. More businesses will move to the cloud as technology develops and internet speeds rise, especially in historically slow nations, to take advantage of their unique advantages. With the help of cloud technologies, you can efficiently handle sensitive data, which is essential in strengthening your business’s security model. Distributed cloud will become a part of an emerging digital transformation trend in 2023. As a result, you can quickly connect data and applications across multiple locations, allowing for faster innovation and better resiliency. Distributed cloud is the future of the cloud. It makes it easy to improve the public cloud’s flexibility and scalability with the private cloud’s security and control. Related Post: Top Software Development Trends 2023 Artificial Intelligence and Machine Learning AI and ML are the leading technologies that are moving ahead in this great competition for digital transformation. AI helps you to make better decisions by providing insights about customer behavior, demographics, and what they want. On the other hand, ML helps you use data to create personalised customer experiences. Nowadays, many custom software development companies have started utilising these two prime technologies for developing intelligence for their team personnel. It helps you eliminate tedious and challenging activities and assist senior management in making wise judgments. And if I talk about the survey, the global AI market is expected to reach more than half a trillion USD by 2023. For almost all businesses, ranging from tech-savvy startups to large corporations, it becomes easy for you to incorporate AI into your business solutions and processes for reaching business goals. Explore Service Offerings That Drives Through Digital Transformation We are experts in providing web and mobile app development through knowledge transfer from our innovation ecosystem. Contact Us Intelligent Search Intelligent Search, often known as natural language search, AI-powered Search, or cognitive Search, allows you to get more accurate and personalized search results. Intelligent Search follows AI technology to help you break down data silos, making it easy for you and your customers to get the information they need within less than seconds. Some of the trending technologies that emerge Intelligent Search involves Machine learning Computer vision Semantic Search Natural language processing The primary role of search intelligence is to deliver more innovative results faster and provides a single point of access to enterprise content sources. In addition, it plays a vital role in allowing data to be enhanced, searched, and analyzed in structured and unstructured formats. The recent survey says that AI growth is expected to reach around half a trillion USD in 2023. Business Process Automation Solutions As we are talking about the best digital transformation trends in 2023, Business Process Automation is of prime importance that you must follow. The primary goal of Business Process Automation is to help your business in removing the human execution needs of internal procedures and accelerating their completion. Such technologies are actively responsible for improving business productivity, enhancing the customer experience, and digitising operations. Moreover, they require a learning curve to get any project off the ground. As per the Tech Business News report, 90% of businesses regularly use more than one form of automation software. One of the best ways to accelerate automation is to select the perfect business process automation tools, which may assist in producing faster outcomes with fewer coding skills. A Big Investment in Blockchain Blockchain is one of the digital transformation trends and a great emerging technology stack that is designed explicitly for leading industries like finance, healthcare, supply chain management, and many more. Blockchain is the most popular technology in this competitive world and possesses a robust potential to change traditional business performance. In addition, you’ll come across multiple sectors that quickly develop smart contracts and store records permanently without facing any challenges. Blockchain is one of the trends in digital transformation in 2023 and a great emerging technology that is designed explicitly for leading industries like finance, healthcare, supply chain management, and many more. Blockchain is the most popular technology in this competitive world and possesses a robust potential to change traditional business performance. In addition, you’ll come across multiple sectors that quickly develop smart contracts and store records permanently without facing any challenges. Business owners are more likely to invest in a secure environment where they can efficiently prevent sensitive information from being leaked to the public. So Blockchain is the prime technology that has taken a step to be included in the list of trends in digital transformation to watch for. If we talk about the worldwide spending on blockchain solutions from 2017 to 2024, it is expected to reach almost 19 billion U.S. dollars by 2024. Business Collaboration in Virtual Mode Since the COVID-19 pandemic, multiple challenges have come into existence where different businesses have been influenced to take an essential decision to begin using or aggressively adopting digital technologies. Many businesses took a lot of work to allow their employees to work from home. The reason was the increased investment in a digital software solution that significantly impacts virtual collaboration, whether it be team collaboration tools or document collaboration tools. We anticipate increasing investment in creating an environment for virtual collaboration that is better than working from your company’s offices. Customer Data Platform A customer data platform is an impressive and innovative technology that allows you to connect multiple applications and databases quickly. This process is primarily performed to enable customer-centric data and analytics for your business process. The primary goals of using customer data platforms are to: Easily manage the customer information Analyze the customer digital trends Identify interesting opportunities, especially for future marketing efforts Develop more personalized customer experiences With the help of this platform, you can efficiently integrate all of the information about your customers from different sources into one place so that you can make better decisions. Digital transformation is solely responsible for meeting customer satisfaction and providing the best customer experience. So, it becomes of prime importance to follow such trends in digital transformation to achieve big success for your business. It would be best if you adopted the perfect strategies based on the data accuracy features. So let’s highlight some of the best resources that can help you provide accurate data regarding customer experience. (Online) behavioral data – Website, mobile app and other related activities come into this section. Some examples include live chat, help centres, or digital assistants, and the quantity, length, and frequency of encounters. Transactional data – Essential data like e-commerce or point-of-sale systems that users specifically do while making purchases and returns. Demographic data – It includes the name of the customer, birth date, and customer address. The excellent part of a Customer Data Platform is that your customers can quickly interact with your business using multiple platforms. Adoption of Everything as a Service (XaaS) XaaS is a new business model that provides an efficient way to provide robust software on demand to your prime customers. Everything as a Service (XaaS) is becoming popular as it is an extension of the SaaS (Software as a Service) model that provides explicit access to applications over the internet. With the help of this XaaS model, it becomes quite easy for you to access all service types directly from only one provider. For example, it may include your business application’s infrastructure, data storage and processing power. Amazon Web Services is one of the best examples of XaaS as it provides cloud computing services to its customers. AIOps Artificial Intelligence for IT Operations (AIOps) is one of the digital transformation trends that is nothing but AI applications ranging from Machine Learning to IT operations. AIOps is one such inspiring technology trends that is primarily used by IT operations (IT Ops), development operations (DevOps), and site reliability engineering (SRE). In addition, the speed of the testing process becomes faster by eventually using algorithmic analysis of IT data with the help of AIOps. With the help of AIOps, they are detecting and resolving digital-service issues before they impact business operations and customers. Accordingly, implementing AIOps as a digital transformation strategy and using its data analytics feature can remarkably help with cost savings. AIOps tools are primarily used by your DevOps teams to centralize data and manage the data created by modern IT infrastructures. It will eventually help to prevent application failures, ensures app uptime, and provides service assurance for your business. AIOps tools help your business to operate quickly at the speed of modern business to design and deliver an amazing user experience. That’s why IT is at the centre of digital transformation activities. AIOps tools enables your business to deal with business process specifically based on the data structure. Moreover, it is solely responsible for entralizing your business solutions and services with these tools. Conclusion So, we’ve seen the top 10 trends in digital transformation that can benefit all businesses in 2023, whether IT departments, tech companies, or any other enterprises. With the proper utilization of such inspiring tools, your business can quickly avail of the great benefits of these technologies. Moreover, it becomes possible for your businesses to lead toward the future of innovation, digitalization, automation, and modernization.