This article is from 👉 ERS IT Solutions.
The COVID-19 pandemic has brought years of change in the way businesses in all sectors and regions to operate in just two years.
According to a new McKinsey Global Survey of executives, their organizations have sped up the digitalization of their customer and supply-chain contacts, as well as internal activities, by three to four years.
Furthermore, the percentage of digital or digitally enabled products in their portfolios has risen by seven years.
Almost all respondents believe their organizations have put in place at least interim solutions to fulfill many of the additional demands placed on them, and that they have done so much more quickly than they planned prior to the crisis.
Furthermore, respondents feel that the majority of these changes will be long-term, and they are already making the types of investments that will likely ensure that this is the case.
When asked about the impact of the crisis on a variety of metrics, the executives said that funding for digital initiatives has increased more than anything else—greater than the cost of goods, the number of people employed in technological employment, and the number of customers
For CIOs and IT executives, the top strategic technology trends will advance digital capabilities and drive success by addressing common business concerns.
They provide a blueprint for differentiating your company from competitors, achieving business goals, and establishing CIOs and IT executives as strategic partners.
Each delivers one of three main outcomes:
This segment’s technologies help to build a more resilient and efficient IT foundation by ensuring data is securely linked and processed across cloud and non-cloud settings, allowing for cost-effective IT foundation expansion.
You may scale and expedite your organization’s digitalization by releasing innovative new-technology solutions in this area.
These technological advancements enable you to keep up with the quick speed of change by swiftly developing applications to automate business processes, improve artificial intelligence (AI), and enable faster, smarter decisions.
Accelerating Growth: By using strategic technology developments in this industry, you’ll be able to unleash IT force multipliers that will help you win more revenue and market share.
These trends work together to help you increase value creation and improve your digital capabilities.
The adoption of digital technologies to help introduce novel business models or change how existing businesses run is known as digital transformation.
Previously, the end-to-end process of developing a technology-driven strategy and putting it into action would take years. KTLO (Keeping the Lights On), or maintaining current systems and infrastructure, is often where firms spend 80% of their budget and resources.
The influence of COVID-19 on firms, on the other hand, nearly doubled the rate of adoption of the most recent digital transformation trends.
Spending on digital transformation technology is estimated to exceed $1.8 trillion in 2022, according to Statista.
“Metaverse” is one of the most popular phrases right now. It’s simply a virtual world created by combining numerous technologies, including virtual and augmented reality.
Even if it doesn’t exist now, companies like Facebook believe that the metaverse will become a place where we can meet, work, play, study, and shop.
“Extended reality,” which blurs the lines between physical and digital existence, is projected to be the next phase of the internet.
Consider in-game purchases, in which computer gamers can buy virtual goods and services with real money.
Personalized avatar creators or metaverse, research scientists are examples of jobs in the metaverse.
Over at ERS IT Solutions, they have created an infographic that looks at the ‘Technology Trends in 2022 & Beyond’.
They outline the statistics of IT, predictions for the future of tech, and the expected trends to emerge in the future.
Check out the full infographic below.