The transportation industry has reached an inflection point – one in which nearly all forms of travel have been met with unprecedented challenges. Transit and airport revenues have been decimated with the lack of passengers, while freight and shipping companies have been overwhelmed with demand from an explosion of e-commerce orders. Despite facing unprecedented challenges, the industry is facing an equally unprecedented opportunity to innovate.
With automation becoming more user-friendly and streamlined than ever before, it's understandable organizations across sectors are examining how it can enhance their analytics capability and accelerate their business shift toward digital transformation.
Every new decade sees businesses split into winners and losers as technology evolves, competitiveness tightens, and new market entrants challenge the incumbents.
Digital transformation is a hot topic for all markets and industries as it’s delivering value with explosive growth rates. Consider that Manufacturing’s Industry Internet of Things (IIOT) was valued at $161b with an impressive 25% growth rate, the Connected Car market will be valued at $225b by 2027 with a 17% growth rate, or that in the first three months of 2020, retailers realized ten years of digital sales penetration in just three months.
2020 was a challenging year for many organizations as they faced sudden changes in consumer behavior and market dynamics. The shift to digital channels is nothing new, and even in 2019, digital was already the preferred option for commerce and collaboration across many industries—but in the wake of the global pandemic, these channels became the first and only option for many businesses. Preference gave way to necessity almost overnight.
In 2020, the acceleration of digital transformation quickly emerged as a top priority for many organizations as they grappled with the business impacts of an unexpected pandemic and raced to adapt to a new reality. As businesses begin to pivot out of the shadows of COVID-19 in 2021, what will this new reality look like? What new technology trends will emerge? Our executives shared their personal predictions for the year ahead: 1. The End User Era: Architects Will Rise in IT Purchase Power