Reimagining Emerging Technologies with Digital Transformation in Industry 4.0
LeSoft
Digital transformation is the new normal, to nobody's surprise, the emerging technologies in the post-COVID-19 pandemic era has become the way to run businesses.
Manufacturing, Healthcare, Retail, or Distribution, name any sector, you will notice how emerging technologies are reshaping the future of industries, all with their massive applications that are remodifying the sectors and leveraging their benefits to the fullest.
The recent digitization is not only fuelling the growth of digital transformation, but also promoting efficiency, sustainability, and resilience in the business processes of organizations.
Digital Transformation (DX) is one of the crucial initiatives that has surpassed the traditional, manual business processes and are spreading a wide range of technologies such as SaaS, Mobile, Robotics, IoT, Virtual Reality (VR), Augmented Reality (AR), among others by playing a crucial role in the Digital Transformation (DX) of companies.
Digital Transformation and Emerging Technologies
It is known to all how organizations are utilizing emerging technologies and providing the companies with the benefits that are reshaping the industry in digitally driven ways.
The below-mentioned technologies are shaping organizations in more than one way.
Let's have a look at them below.
1. AI and Digitization
What if I tell you that digitization has become pivotal in making organizations unleash their potential with their applications.
Artificial Intelligence, abbreviated as AI, may seem like thinking of a futuristic world as depicted in science fiction movies.
Still, the lines between reality and fiction have blurred as AI has started to change people's lives, and that too for the better.
For instance, an application of AI as simple as using Google Search, a conversation with Amazon Alexa or Google Home, or Apple's Siri, has just made the applications of AI convenient, easier, and simpler where users are interacting with AI/ ML-driven tools and bots.
2. IoT and Digitization
Digitization ceases to exist without the implementation of IoT. It utilizes connected sensors to deliver its unparalleled technology that reshapes the companies' future and modifies their existing business processes.
For instance, Smart Parking, Smart waste management, and Smart Lighting Systems in smart cities are examples of IoT only where smart city projects benefit from potential IoT applications.
3. ML and Digitization
Often regarded as machines that speak, ML is a subset of AI which utilizes software applications to become more accurate at predicting outcomes without being explicitly programmed to do so, thereby utilizing the Machine learning algorithms that use historical data as input to predict new output values.
Conclusion
The above-discussed technologies are just a few examples that show how emerging technologies are fuelling digital business practices, and utilizing digital tools, to deliver growth in the new normal.
From manufacturing to healthcare and retail, almost every industry is reaping the benefits of digitization, which will only increase in the coming days.