Over the last few years, most discussions about the next year’s Digital Transformation trends had begun to feel a bit repetitive: Cloud, Edge Compute, the IoT, AR… It always seemed like the same chairs being rearranged around the same old room. 2020 will be a departure from that. While the same core technologies that dominated these discussions will continue to be foundational to our collective digital transformation journey, 2020 will be defined by a fresh new class of technologies ready to graduate from the sidelines to center stage. Among them: 5G, AI, advanced data analytics, but also some that may surprise you. Without further ado, here are the 10 among them that I believe will be the most significant in 2020.
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The concept of a platform is nothing new, but in the digital era of smart connected products every hardware-centric company needs to urgently work out a platform strategy. Simply put, while a product is something you sell, a platform is infrastructure that enables interactions between various actors.
Market researcher IDC predicted that more than 50% of large enterprises—and more than 80% of enterprises with advanced digital transformation strategies—would have created or partnered with platforms in some form by the end of 2018. Several Internet and software companies have already created successful connected product platforms and many traditional hardware makers will need to consider whether to plug into these platforms as partners or compete directly.
Click here to view the original article at chiefexecutive.net
Organizations employ catalog management systems for maintaining product and service information in an organized manner to enable channel partners and customers to keep up with information, pricing, and updates related to products or services. The catalog management system market is gaining immense popularity with digital transformation initiatives in e-commerce as well as in the retail sector.The catalog management systems market is anticipated to grow in the forecast period owing to driving factors such as digital transformation across industries for improvising marketing and selling activities. However, the catalog management systems market may get negatively affected due to the associated privacy and security concerns. Nonetheless, the small and medium enterprises offer lucrative opportunities for players operating in the catalog management systems market during the forecast period.
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If you are a Small or Medium Business (SMB) owner, chances are you are planning or have already begun your journey to digitally transform your organization. Digitizing your ecosystem on a limited budget may seem daunting, but here are four digital transformation best practices that will help you stay competitive even on a budget.
Click here to view the original article at www.martechadvisor.com
RFID may not have lived up to every extravagant prediction about how it would revolutionize retail, but the technology is actually doing very nicely, thank you. It has been adopted (often without fanfare) by a large number of retailers, and it serves as a foundational technology for many key omnichannel functions, including BOPIS, ship-from-store and product recommendations.
Click here to view the original article at www.retailtouchpoints.com
Note: The following information applies to more than just financial institutions / banks. If you’re in an industry other than banking, as you read through this article you can replace the word “bank” with “company”.
Today’s hyper-connected consumers are using mobile technology to communicate in one way or the other all day long. So they expect the financial institutions they do business with to communicate with them on a personalized, relevant and contextual basis, just like their favorite brands do.
And if consumer expectations are high now, what will their demands be five years from now? What foundations do you need to put in place today to be ready and able to engage with customers in 2024?
Click here to view the original article at bankingjournal.aba.com
Software as a Service is a driving force for disruption – a way to innovate at the speed which customers and the market demands. So how can companies with a traditional software go-to-market motion make the switch, and capitalize on all that SaaS has to offer? What’s the secret to succeeding in a SaaS world?
As the CEO of a 100% percent SaaS-driven, born-in-the-cloud company that was bought by a global technology leader who is constantly evolving and optimizing their business, I could preach the benefits of SaaS ad nauseam. Here is a quick list:
Click here to view the original article at www.comparethecloud.net
FREMONT, Calif.–(BUSINESS WIRE)–Wave2Wave Solution, the global leader in physical layer automation, today introduced a small form factor robotic fiber switch, ROME Mini. The company expanded its ROME product portfolio to include the Mini in response to the fast-growing demands of edge computing, 5G, IoT, and AI as those technologies flex to support a new generation of applications such as self-driving cars.
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In modern software development, communication between multiple applications is essential to building a robust developer ecosystem, and in turn, a seamless digital experience for customers. Many companies already see the need to create a developer-facing business model, according to a recent Cloud Elements report, which found 55% of businesses use APIs as a revenue stream.
We’ve asked industry experts to explain what APIs and SDKs are, and when developers should use each.
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For B2B marketers, the biggest opportunity in digital transformation is the increased ability for marketing to directly contribute to revenue growth, according to new research.
The survey of 450 senior B2B marketing decision makers from mid-sized to large companies, conducted by Stein IAS, found that 81 percent of B2B companies see digital marketing transformation as key for their business, but over three-quarters see it as a complex process.
Click here to view the original article at www.chiefmarketer.com