Promote the industry's eight major digital transformation trends in the future

 By 2023,40% of organizations will combine virtual experience with physical experience to improve employee productivity and customer coverage. In addition, industrial companies will reduce operating costs by 30% by combining self-management technology with redesigned operational processes; by 2025, more than 50% will use cloud options distributed across their selected locations, which will allow for innovative and transformative business models.

 In addition to enhancing competitiveness like industry 4.0 through digitalization and technology, revolution or Industry 5.0 emphasizes the need to promote sustainability and highlight social and individual well-being. These figures show the reality that the industry is increasingly changing.
 So, we want to use this article to introduce the eight most important trends in the future digital transformation of the industry:

1. Investment in industry digital transformation will continue to grow

Global investment in the digital transformation will grow dramatically. Financial services (including banking, insurance, securities and investments) will be the industry with the most investment in digital transformation. Even so, robotics in various industries, such as industry and energy or manufacturing, will still receive huge investments.

2. Great opportunities for the Internet of Things (IoT)

In 2023, the number of iot-connected devices is expected to increase to 43 billion units, almost triple the number in 2018. This growth boom is largely due to the reduced cost of sensor technology, creating huge opportunities for the industry to facilitate production processes through improved visibility of workshop and field operations as well as manufacturing supply chain and remote and outsourced operations.
 The Internet of Things has new capabilities. Networks and systems are being built to exchange data, become more intelligent and autonomous, and help us solve the challenges of modern society, paving the way for smart cities, smart homes, smart logistics and smart energy supply.

3. It's not just about technology, but also about people

The most important factor in the digital transformation is not technology, but people. Here's the problem: there are not enough people with the skills (and ways of thinking) to use digital capabilities.
 According to the survey, 64% of managers believe that their employees cannot meet future skills needs. Skills shortages will be one of the major obstacles to the digital transformation of large organizations. To overcome this problem, many businesses have encouraged the use of training systems to prepare the entire organization for any digital challenge.

4. Artificial intelligence and machine learning will revolutionize manufacturing

These data clearly demonstrate the importance of AI in the industry. According to the report, AI technology will increase manufacturing productivity by 40 percent by 2035. However, there is a huge gap between ambition and execution: 92% of manufacturing executives think the "smart factory" digital technology will allow them to increase productivity and enable employees to work smarter, but only 12% of manufacturers are currently heavily using AI. Therefore, those who have embraced the digital transformation will have a competitive advantage in their markets.

5. XaaS (all services) will lead the internal solution

Gradually turning to third-party cloud applications and services to get the work done for them, businesses will continue to improve the skills of existing employees or recruit from a shrinking workforce. The XaaS approach is expected to increase financial efficiency, productivity, network security, agility, and flexibility without the burden of building and managing local solutions.

 A 6.5G acceleration

We've been talking about 5G for years, but the full functionality of this new cellular standard still takes several years to achieve. However, once 5G is fully deployed, it will have a huge impact on the digital transformation industry and promote the rapid development of smart cities, smart cars, smart manufacturing and the Internet of Things-intensive technologies, all of which are in urgent need of 5G and its functions.

7. Artificial intelligence (AI) will fill the IT skills gap

According to a recent survey of 600 HR executives, 40% of employers believe that AI will help fill the next skills gap.
 Currently, AI assumes the typical responsibility of a tech-savvy human being. These advances will enable companies to employ fewer developers who can focus on the future and strategic challenges rather than being stuck in endless coding.

8. Network security and data privacy

Privacy is crucial for all companies looking to leverage their digital transformation. IoT and 5G devices will only exacerbate data vulnerabilities.

 Large and small businesses must strive to avoid regulatory violations in this regard. Therefore, cybersecurity will be a key competitive advantage for companies that plan to invest in digitization and are able to communicate their security and privacy policies to their customers.