Top Industries for Digital Transformation in 2022

Digital Supply Chain 1.

The whole supply chain sector of the logistics business has been severely impacted by the worldwide epidemic. Industry leaders have been compelled by the crisis to consider digital ecosystem transformation in order to stay competitive.

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The supply-chain sector is driven to go through digital transformation and adapt to the following changes via new strategies, business models, moving attention towards managing and responding to risks like the pandemic crisis, and leveraging innovations in a more flexible manner.

 

According to Gartner, 50% of all supply chain organisations will make investments in AI (Artificial Intelligence), Advanced Analytics-based applications/apps as part of their DX journey by the year 2024. The digitalization of the supply chain will enable businesses to align with their growth objectives, minimising risks and maximising costs for the benefit of the whole subsegment of the relevant sector.

 

In 2022 and beyond, the supply chain technology fields enabling end-to-end operations will be led by IoT (Internet of Things) technology, Big data, AI-ML, and analytics.

 

2. Online Education

Corporate learning, skill development, and school/college education are just a few of the areas that have benefited from digital transformation in the e-learning industry. Education technology tools were in great demand even before the epidemic.

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According to the UN Sustainable Development Report 2021, ed-tech investments were US$18.66 billion in 2019 and are expected to reach US$350 billion by 2025.

 

As a result, the e-learning industry is advancing the DX process and gaining advantages like individualised learning, increased accessibility, and usage of cutting-edge technologies like AR/VR, AI-ML, Blockchain, etc.

 

3. Telemedicine

Three important factors have been made clear by the present COVID crisis:

 

The importance of telehealth; it enables real-time telemedicine and virtual doctor appointments.

The continuous tracking and distribution of billions of vaccine doses made possible by the ecosystem's use of digital technology makes the integration of health data particularly important and fundamental in the fight against COVID.

The pandemic problem itself is a major driving force behind the creation of an increasing number of healthcare mobile apps and telemedicine solutions that will improve patient care and human health.

In order to provide the digital healthcare system a solid basis, telemedicine in the healthcare sector is therefore poised to use the power of digital technology and data science. By embracing data-driven healthcare business models that enable digital intervention on a bigger scale, the healthcare industry itself is in fact fostering digital transformation.

 

Fintech, 4.

The financial industry is about to embark on a digital transformation journey supported by cutting-edge, updated digital tech ecosystem infrastructure. The future of finance depends in creating cutting-edge fintech solutions that can pave the way for a better, more adaptive future.

 

The fintech model will undergo the changes listed below throughout its DX journey, keeping customer-centricity, mobile-first strategies, and other objectives in mind.

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App-based financial models, also known as embedded finance, refers to the skillful integration of financial services into a variety of apps.

A great environment for developing globally scalable solutions will be created via API distributions and platform APIs.

The growth of open banking will promote openness in the banking and finance sectors, resulting in the creation of an easy-to-use, contemporary financial model that benefits clients and companies without any barriers.

In the near future, card-less, contactless financial transactions will be the standard, and digital wallets will take the place of bank cards, credit/debit cards in people's life.

Another component of the fintech paradigm that will significantly advance the DX journey in 2022 and beyond is digital financing.

5. Digital farming and agriculture

Through the DX journey, digital farming will go past the actual constraints of 4IR technology (4th Industrial Revolution tech). In order to assist farmers on a large scale, it is important to unlock a variety of agricultural technologies and embrace Agricultural Data Exchange, which will enable high-quality, trustworthy data transfers in the agriculture sector.

 

It aids in promoting the current, readily accessible large amounts of datasets in an useable manner, speeding up innovations related to digital transformation. By aggregating and connecting data from various data providers and consumers, ADE hopes to get over the limitations of 4IR technologies and reduce data asymmetry in the complex agricultural environment.

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