Digital transformation leader Suchit Poralla has accurately predicted the digital transformation industry by stating the six trends capable of causing a dramatic shift in digital transformation in 2023. As a digital transformation specialist with 15 years of experience advising global organizations and enthusiasts on how to advance using result-driven business and IT strategies, Poralla is a trusted adviser to C-level executives. He helps them succeed in their fields by building a transformation strategy and roadmap, deeply understanding their strategic objectives, transformation footprint, judicial growth plans, and unique pain points.
Putting his expertise to bear as an SAP Finance Expert, he delivers large-scale SAP projects tilted toward enterprise architecture, finance transformation, and value management. As a data-driven leader effectively contributing to the vision of the SAP A/4HANA Platform and suggesting advancement strategies to digital transformation organizations and enthusiasts, Poralla pointed out that the 6 trends capable of shaping digital transformation in 2023 include blockchain, data privacy and security, the internet of things, artificial intelligence, quantum computing, and cloud computing.
“Blockchain technology is set to revolutionize digital transformation. With blockchain, businesses will be able to conduct transactions with greater speed, transparency, and security. Blockchain will also enable businesses to create new applications and services that were not possible before. This could include anything from smart contracts to decentralized applications (dApps). Finally, blockchain will help to reduce the costs associated with digital transformation. By eliminating the need for intermediaries, blockchain can help businesses save on transaction fees and other costs,” said Suchit Poralla.
On data privacy, he highlighted that data privacy had been a big concern for companies most recently. Although companies have a lot of data on their customers, they still need to ensure that the data is safe and secure. He stated that there are a lot of regulations in place governing how companies can utilize and store data, and the regulations will be more strict in the future. Because of this, companies need to be prepared to change how they handle data. “One of the biggest trends in digital transformation is the move to cloud-based storage. This is because it is much more secure than storing data on-premises. Cloud storage providers have strict security protocols in place to protect data. They also have experience dealing with data privacy regulations. As a result, they are able to help companies comply with the ever-changing laws. Another trend in digital transformation is the use of data encryption.”
Speaking on the Internet of Things, he stated that it would majorly impact digital transformation in the coming year. By 2020, it is estimated that there will be over 20 billion devices connected to the Internet of Things, and it will facilitate better data connection and analysis. He also zoomed in on the fact that the Internet of Things will lead to the development of new and innovative products and services and will have a major impact on security and privacy.
On quantum computing, he added, “Quantum computing is still in its early stages of development, but it has the potential to revolutionize digital transformation. Quantum computers could be used to solve complex problems that are currently beyond the capabilities of traditional computers. Quantum computing is one of the trends that will change digital transformation in the years to come. As quantum computers become more powerful, they will play an increasingly important role in digital transformation initiatives.”
Cloud computing, according to Poralla, is one of the biggest digital transformation trends that will dramatically change digital transformation. While cloud computing allows businesses to store and access data and applications remotely, it helps businesses to be more agile and responsive to change. Cloud computing can help businesses to improve their customer experience, making it much easier for these customers to access data and applications. He also stated that cloud computing could help businesses to increase their security, safeguarding their data from cybercriminals. Emphasizing how cloud computing can also help businesses to improve sustainability, he added that with cloud computing, businesses would be able to reduce their action footprint and save energy in the future.
“Digital transformation is an ongoing process that businesses must continually adapt to in order to stay competitive. The landscape is constantly changing, and it can be difficult to predict what the future holds. However, by keeping an eye on the latest trends, businesses can make sure they are prepared for whatever changes come their way.”
For more information, visit https://www.linkedin.com/in/suchitporalla/.
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