Digital Transformation

• [New] As digital transformation has begun to accelerate rapidly since the last year, using IaaS service is crucial to scale your business - up and down - on-demand and with minimal security risks.
• [New] IT leaders were unanimous in their belief that digital transformation is expected to accelerate significantly over the next few years with entities set out to continue investing across data and analytics, quicker processes, customer experience and integration.
• [New] A trillion dollars is going to waste in digital transformation projects because enterprises do not have a way of measuring the value of software.
• [New] The European Commission set the way forward on digital transformation by unveiling its vision for Europe's Digital Decade and its targets by 2030.
• [New] By 2022, 70% of organizations will have accelerated use of digital technologies, transforming business processes to drive customer engagement, employee productivity and business resiliency.
• [New] The OECD argues that online platforms will be central to the digital transformation of SMEs, increasing customer bases and enabling small businesses in particular to reach scale without mass.
• [New] The level of disruption across global supply chains has never been greater, but so is the opportunity to digitally transform quickly, using new, agile approaches.
• [New] Though still in the early stages of rollout, 5G technology could bring about positive changes to the retail industry, as retailers seek to maintain their digital transformation efforts and bring consumers safely back into stores in 2021.
• The global pandemic that we all experienced over the past year was a wake-up call for digital transformation and has driven increased demand for agile platforms that can help organizations improve their ability to respond to economic volatility and disruption.
• Digital transformation is changing the world of manufacturing to more predictive analytics, where data is used to predict performance and failures.
• Amid increasing concerns about the allocation of taxing rights, both developed and developing countries recognize that, without a consensus-based global solution, proliferation of unilateral tax measures is expected.
• The newly created Data Innovation Centre of Excellence will provide deep technical resources to help Canadian organizations harness the power of data and cloud technology to accelerate their digital transformation.
• Greater adoption of Edge Computing could be the difference between UK businesses realising the potential of the fourth industrial revolution or being left behind in the next wave of global digital transformation.
• While cloud solutions enabled businesses to survive in 2020, business that continue to embrace agile transformation will win in 2021.
• Japan's prime minister, Yoshihide Suga, has made the digital transformation a priority of his administration and is gearing up to establish an agency that will serve as the core of national cyber power.
• If the last two decades in China were about the rise of the consumer internet, the next two decades will be about digital transformation in traditional businesses.
• China, Taiwan and South Korea have transformed their roles from manufacturers of global products to disruptive technology generators in the areas of 5G, digital payments, big data, blockchain, and others.
• China's 14th five-year plan, which covers 2021 to 2025, has a whole chapter on digital transformation in every sector of Chinese society ranging from real industries to governmental administration.
• Europe could create 2.4 million new jobs over four years through digital transformation, simultaneously boosting economic growth and pushing the green agenda.
• There is a huge opportunity for edge to digitally transform UK businesses - which we are already seeing through the role of mobile edge computing in the telecommunications sector, and the relationship between edge computing and connected and autonomous vehicles.
• Digital transformation goes far beyond growing the use of digital tools and technology - in 2021 it will be about overall business transformation and firms adapting the ways they operate.
• Overall, digital factory revenue will top US$ 4.5 billion in 2030 with spending by pharmaceutical manufacturers on data analytics forecast to grow by a 27% CAGR and be worth US$ 1.2 billion in 2030, as manufacturers look to track, optimize their operations, and boost productivity.

Last updated: 18 April 2021