Last updated on 30th April 2023
Digital Transformation 2.0 (DT 2.0) is an extension of the first wave of digital transformation, which was primarily focused on automating existing business processes and enhancing customer experiences.
DT 2.0 pertains to utilizing emerging technologies such as Artificial Intelligence, Machine Learning, and the Internet of Things (IoT) to create innovative business models, streamline operations, and derive valuable insights from data. It represents a more comprehensive approach to digital transformation, where technology is not merely a tool to achieve specific objectives, but rather an integral part of the organization’s strategy and culture. DT 2.0 offers several significant advantages, including improved agility, better decision-making, enhanced customer experiences, and the potential to generate new revenue streams. However, it also poses notable challenges, such as the need to acquire new skill sets and the possibility of disrupting existing business models.
Especially today, in the era of DT 2.0, the convergence of Artificial Intelligence, Hyper Intelligent Automation, Blockchain, Metaverse, and Quantum Computing on Cloud-native applications will unlock new opportunities for enterprises and is poised to grow to a massive USD 1.6 Tn market by 2030. The key elements for enterprises to take digital transformation to the next level would be focusing on constant innovation, ecosystem experience, gauging the technical maturity, making an impact through scaling, and adopting the best-fit solutions.
In this report, “Digital Transformation (DT) 2.0,” we have analyzed the digital readiness of industries, the most prioritized technologies & functional areas, the exploratory use cases, and the business opportunities that enterprises can tap into.
We hope that the insights from this report can guide companies to accelerate their go-to-market strategies and secure substantial market shares.