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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