admin The Covid-19 pandemic has accelerated the pace of digitization. It is now uncanny to imagine a future without the boons of tech tools that characterize the digital domain. The success of a digital transformation strategy is hinged on the ingenuity of firms using modern tech tools. Companies that have creatively exploited the potential of such tools have secured a formidable position in the industry. Thus, in 2021, we have to think about the most seminal tech tools from this variegated list that can be optimally used to help firms secure this edge. Listed below are some of the most pivotal tech tools that can be incorporated into the digital transformation strategy of a firm to witness a palpable change:
- Cloud Tech
One of the foremost mentions in this domain will be inevitably bestowed upon the many boons of cloud technologies. It is needless to say that cloud tech has helped digital transformation strategies improve by leaps and bounds. When this tech tool is used optimally, it can help change existing business models in a flawlessly streamlined fashion. Cloud tech helps firms access and use remote resources with ease and precision.
Moreover, the efficiency of work teams, the security of sensitive datasets, and their optimal storage are guaranteed by cloud technologies. When firms embrace cloud technologies, they also bid adieu to unnecessary costs of infrastructural design and additional hardware. The virtual setting of cloud databases helps firms digitize in a hassle-free manner.
- Big Data
A well-known boon of the modern age is the ability of tech tools to analyze datasets and provide valuable insights. Big data is the backbone of the modern-day world of business. Real-time analytics is the flip side of the same coin. Real-time analytic tools help synthesize, manage, and interpret large, extensive datasets.
Processing data in real-time and with the utmost precision is necessary when implementing a digital transformation. Reports based on such in-depth insights help management take decisions promptly and in a well-informed manner. They also help change the course of a program if the real-time analytics suggests a need to do so.
- AR-VR
These tech tools have dominated the market for quite some time. The potential stored with AR and VR tools is unparalleled. AR as a seminal core digital transformation tool has proven its mettle in the fields of medicine, automobiles, and marketing.
Both AR and VR serve to create bridges between the real and digital worlds. They ensure a smooth and effective transition for firms by elevating human-machine interfacing to a whole new level. However, even as a strategic tool for digital transformations, the true value and potential of both these tech tools remain underutilized. Their promise is far greater than their present modality of application.
- AI-Enabled Digital Transformations
AI and ML have emerged as the reputed buzzwords of the industrial landscape. However, the pandemic revealed the value of these tech tools in terms of all operational business fields. By automating complex decision-making processes and tasks, AI has emerged as the unrivaled victor of the digital world.
The rippling wave of change initiated by AI and ML can be felt in sectors like IT, finance, healthcare, etc. Yet there also remains a whole domain of unchartered territory when we talk about AI. The analytic potentials of this tech tool can be further exploited to ensure more nuanced digital transformations.
- Robotic Process Automation
RPA is known to augment several arenas of the operative process when implemented optimally. It is important to note that when undertaking digital transformation, the firm in question must use RPA not solely to automate routine tasks but to use its unparalleled analytical power to make vital decisions.
RPA has proven its worth in the field of manufacturing. It has also been hailed as a tool that enhances speed, accuracy, and the operational efficiency of workers. Most significantly, it frees up valuable human resources for other important tasks and operations.
- API Integrations
The ingenuity of API-based interactions and networks is hidden in their ability to simplify the language between different applications. This implies that developers do not have to begin writing codes from scratch. They can use APIs to formulate and navigate through various software portals.
The role of APIs in digital transformation can be understood when we cognize the fact that more than 14,000 public APIs are used by various platforms on a daily basis. These APIs help search for datasets and also locate changes in the datasets according to time.
The tech tools listed above are only a few of the pivotal ones that are currently dominating the world of digital transformations. Firms have to find the perfect fit according to their unique needs and demands. However, negating these tools will be a fool’s errand as the new normal is a digital one, and firms that refuse to embrace this will inevitably perish.
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