Mastering Digital Transformation: Insights into Trends, Challenges, and Strategic Opportunities

Abstract

Kiflu Chekole Tekle and Kotha Naga Siva Kumar

The concept of digital transformation is described as an agent of change that has the potential to revolutionize industries through the transformation of how organizational processes work and how they engage with their various stakeholders. The main trends, challenges, and opportunities associated with digital technologies such as cloud computing, artificial intelligence, the Internet of Things, and big data are identified in this review. In particular, the global COVID-19 pandemic has only increased the use of these tools and stresses the importance of organizations’ ability to adapt to the current market environment. Despite that, many segments remain challenged by the lingering remnants of pre-digital technological infrastructures, new concerns about the privacy and security of information put in computers, and new requirements for more advanced technological literacy than ever before. Additionally, the future of digital transformation has concerns linked with the speed of technological development and the changing requirements of organizations. Internet intelligence and machine learning coupled with the Internet of Things (IoT) and edge computing, 5G and block chain are some of the trends in which industry standards are altered. To optimize these opportunities, it is therefore necessary for organizations to secure their technologies and, if possible, their talents; this will apply more especially with growing trends in the technological world of the 21st century.

PDF