The merging of SMAC – social media, analytics, mobility and cloud computing- will be a powerful business technology enabler for the next decade. It has become the driving forces behind the rapid evolution of digital businesses. SMAC and other rising technologies create new ways to develop products, interact with customers, partner with others, compete and succeed.
Mobile and Internet invasion
The newDigital in 2017 Global Overview reportfromWe are SocialandHootsuitestates that both the internet and mobile are rapidly growing. The few milestones attained are:
More than half of the world uses smartphone.
Two-thirds of the world population have a mobile phone.
More than half of the world’s web traffic comes from mobile Phones
More than one in five of the world’s population shopped online in the past 30 days.
Thereportshows the rapid growth of mobile and internet invasion around the world. The time spent on the mobile browsers far exceeds the time spent on laptops and desktop browsers combined.
Connected Devices and Sensors
The impending growth in the field of the Internet of Things opens the doors for the application of sensors. A point has reached where business and individuals have several ways of collecting and exchanging information without being bound to a location.
By 2025, it is being forecasted that more than 100 billion of Internet of Things(Iot) devices will be installed which will generate a revenue of close to $10 trillion. As the cost of sensors are on a decline, their demand has been on a rise in all major sectors including healthcare, transportation, retail and manufacturing among other.
Data Analytics and Cloud
Data analytics help organizations to harness and identify new opportunities , leading to smarter business moves, more efficient, higher profit and happier customers. ‘The cloud migration services market size is estimated to grow at the rate of 23.9% from 2016 to 2021.The cloud migration services market is driven by factors such as increased migration of workloads to cloud environment by Small and Medium Enterprises (SMEs) and the inclination of enterprises toward improved security & increased business agility.’
A better user experience is proving to be a major tech disruptor. People are now accustomed to downloading music, chatting, shopping and movies on their mobiles and tablets. This raises the bar of user experience at work too and that is disrupting existing IT models which are focused more on functions and features than end-user needs.
Natural user interfaces, which allows humans to interact with machines in increasingly intuitive ways, are becoming common.
The world’s middle class is set to grow from 1.8 billion in 2009 to 4.9 billion by 2030. Much of this growth will come from emerging markets, where higher incomes are driving increased access to digital technology.
Projections show that urbanization combined with the overall growth of the world’s population could add another 2.5 billion people to urban populations by 2050, with close to 90 percent of the increase concentrated in Asia and Africa, according to a new United Nations report. .
Effects of Digital Transformation
Everything, everywhere is constantly been connected – people, machines and businesses – changing the face of the market regularly. It has become more than just selling products and sales transactions, it has becomes more about engaging your customers thru social media, mobile, online display, ecommerce and email marketing.
This immense change has leaders across the globe clambering to find out more about these technological strategies and services about digital transformation.They have realized that if latest trends are not up to date, they are gonna lose out on the race to win in an ever connected and changing world. .
According to a new research from Dell Technologies, an astounding 78% of businesses believe digital start-ups will pose a threat to their organization, either now or in future.
Software web and mobile development and consulting companies can help entrepreneurs make this transition with ease by accessing markets, developing new revenues sources and ecosystems and creating minimum viable products.