Digitalization of business and the economy has not yet entered the active phase. But every year, you see more and more changes in the direction of automation, robotization, and a fundamentally new approach to production. Still, digitalization has its risks, so don’t waste time and consider, for example, Avast vs McAfee question to get effective antivirus software and secure yourself from the quickly developing world.
Let’s imagine what directions will be ahead and what digital transformation trends already provide an incentive for growth.
5G Mobile Networks
Not everyone has yet got used to the pros of 4G, and humanity is already approaching the widespread use of fifth-generation mobile communications. In recent years, many projects have been implemented with 5G with the participation of Samsung, Nokia, Huawei, Intel, Ericsson, and Qualcomm.
The success of Mimosa Networks shows that installing 5G in urban or rural areas and near remote industrial facilities, is no longer a problem. Verizon and AT&T, the largest operators in the United States, are working to introduce innovative and high-quality Internet access.
Now, 5G looks like a technology that will make a big breakthrough in the future. Perhaps individual corporations will be pioneers in introducing it into their digitalization plans. But 5G’s entry into the large consumer market is hardly worth waiting for before the second half of 2020.
Linked Cloud Services (Public, Private, and Hybrid)
Modern companies use cloud services, not because of a passion for everything new and technological. It helps them meet the challenges of the modern economy and increase volumes. In addition, cloud storage is becoming a popular product for ordinary users.
Alibaba, Amazon, and Google offer their own options for private “clouds.” Microsoft is implementing large business projects with its Azure, HPE, which absorbed Cloud Technology Partners, as well as VMware, which recently bought CloudHealth Technologies.
The term “multi-cloud” should become a fashionable word in this area since the security and stability of the exchange of information between different repositories remain relevant.
Blockchain is a technology with great prospects, but so far, it is associated only with chaos. Professionals want to apply it in every sphere of life, and non-professionals cannot really figure out how to benefit from it now.
One of the best options for the mass distribution of blockchain is creating plug-and-play solutions “turn on and play (work),” which will be clear to everyone.
Here you should appreciate the leading technology companies, such as IBM. They do not attribute blockchain to cryptocurrency but use its potential for applications. Technology also receives a lot of attention from the financial sector.
And still, much of this now looks like a marketing ploy, and not a purely technological offer, which is confidently included in the main trends of digital transformation. Of course, Blockchain will remain a discussed topic, and experts in 2020 will try to bring it closer to the economy and ordinary consumers.
Big Data and Machine Learning
Digital transformation trends will not be without big data. It is the key so that companies can make effective decisions in business. The pace of development of the direction will not decline.
Studies say that 90% of the world’s existing data have been created over the past few years, but only 1% are used effectively. Companies such as SAP, Microsoft, and Salesforce are leading the market for promoting big data and its processing tools. They offer products for business analytics, management, production, social infrastructure, and public administration.
Machine learning and artificial intelligence, which operate on the basis of Big Data, emerge from the field of fiction and become “closer to the earth.” For the economy, their strength lies in industrial automation and the development of Industry 4.0, and for consumers – in a personal approach by corporations.
Development of GDPR
GDPR is the General Data Protection Regulation, adopted by the European Union. Now, it is one of the documents that ensure the protection of ordinary users of network services. Whoever serves EU citizens must comply with this standard.
GDPR will become one of the main trends in the digital economy in 2020, because it is important for customers. It shows for which companies the protection of their and user data is paramount, and for which is not. GDPR is part of a global trend that encourages a review of the privacy approach.
Now brands are not required to meet GDPR recommendations. However, it is a “call” for them. They need to build mutually beneficial relationships with consumers, not abuse access to information for marketing and personal gain.
Responsibility for Digitalization
In 2020, more companies will transfer responsibility for the digitalization of production and management to CEOs. Previously, tasks related to digital were entrusted to IT departments, marketers, and even personnel departments. Some enterprises appointed individual specialists for this. Now the importance of digital transformation on the surface. It finally begins to be introduced from the top.
Even though most of these trends are assumptions about future changes, the digital economy’s progress is obvious. It will change business models, industry, and, of course, the consumer. These digital transformation trends will not necessarily revolutionize in 2020 but will definitely affect how we work, relax, entertain, and communicate.