It’s an exciting time to be a tech leader, but does your team have a digital transformation framework that will keep up with this next industrial revolution?
The reality is that we’re on the brink of another burst of technological advancement — another industrial revolution. This 4th industrial revolution — otherwise known as digital transformation — is the convergence of physical, digital, and bio technologies that are accelerating human progress.
Read on to learn about what’s emerging and trending in the 4th industrial revolution, based on the Global Trend Report from our partners at Lumen.
The Pillars of a Successful Digital Transformation Framework
The 4th industrial revolution is characterized by 4 axes of change: Data, emerging technologies, security, and a transforming workplace.
#1. Data
Data is the currency of the 4th industrial revolution. Businesses are using real-time and stored historical data to drive decision-making and shape products and experiences. The Lumen report shared that 91% of global IT decision-makers believe that a business’ ability to acquire, analyze, and act quickly on data will be a key factor in defining technology leaders of the future.
What makes data so valuable in a digital transformation framework is that it powers predictive analytics to help shape future improvements across the entire organization.
#2. Emerging Technologies
Businesses today are using more applications and devices than ever, and IT infrastructures need to securely deliver and organize all of these distributed points of access.
Low latency and high bandwidth solutions are essential in delivering a seamless digital experience. The report shared that 60% of global IT leaders state that they require a latency of <10ms for their apps.
New technologies like fiber infrastructure and edge computing will be essential in any digital transformation framework because they bring all points of access closer together. This is especially critical in IoT (Internet of Things) environments.
#3. Security
With new technological advancements come new vulnerabilities for cybercriminals to exploit. Traditional perimeter-based security approaches are proving to be insufficient in securing all of a business’s digital assets.
No digital transformation framework is complete without a powerful and holistic cybersecurity infrastructure.
#4. Transforming Workforce
Remote work and an increased reliance on data is redefining how we work, and what kinds of jobs are available.
Data drives intelligent production, which will make many jobs obsolete while completely transforming other jobs. The IT profession is changing from an operations management position to more of a leadership and transformative role. In addition, remote work has changed the everyday IT needs of organizations everywhere.
To keep up, outsourced managed services are essential. 91% of global IT decision-makers say that they trust IT partners with expansive global networks to help them manage their data and stay ahead.
Is Your Digital Transformation Framework Ready For the Next Industrial Revolution?
The 4th industrial revolution brings a lot of excitement, as well as some uncertainty. How do you navigate the challenges and take advantage of the benefits of these changes?
Our partners at Lumen have produced a comprehensive global trend report on the 4th industrial revolution. If you want to know more about what your digital transformation framework needs in order to stay current, download the PDF.
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