2020 Digital Transformation Trends

2020 Digital Transformation Trends

Another year had gone by and technologies are growing at a rate and enterprises are struggling to catch up. Investing in technology is not an option anymore. A business that is on the look-out for a new edge are experiments on new ways of doing things, most of them related to the digital transformation that business, and the world, has experienced in recent years. From artificial intelligence (AI) to blockchain and the Internet of Things (IoT), new digital technologies are having a major impact on business nd that impact will only grow in 2020.

IoT

It was predicted that there were almost 27 billion IoT devices in the world in August 2019, and this is estimated to increase to over 75 billion by 2025. There are currently about 8.4 billion connected devices in the world. These IoT devices will generate a lot of data that needs to be made sense of.

Big Data & Analytics

2020 is going to be the most promising year for a lot of technologies. Most of the technologies are comes with the nature of artificial intelligence, so to automate everything there must be a big need for data processing methods. Social media will generate 10x bigger datasets than now. Analytics would play a major role in making sense of this data. However, we need to push further.

Artificial Intelligence & Machine Learning

The increased popularity of artificial intelligence (AI) and machine learning (ML) and its promise to automate everyday tasks means developers with these skills and expertise are in high demand. AI and ML are the brains of smarter applications, and through these technologies, the apps learn from patterns of behavior and can more intelligently respond or produce an action. There is so much that can be done with the data that is collected by modern organizations.

Blockchain

With Bitcoin values at an all-time high, it’s natural that the tech that powers the crypto currency (blockchain) would begin to attract attention. Gartner listed blockchain as one of the top ten strategic technologies for 2020. It said public blockchains are presently too immature for enterprise deployment due to poor scalability and interoperability but expects the technology to overcome these issues by 2023.

By 2020, 50% of the Global 2000 will see most of their businesses depend on their ability to create products, services, and experiences that are digitally enhanced. Either acquire the knowledge or partner with reliable tech consultant to harness emerging digital technologies. Understand how your plan will affect the business as well as the end-user, leverage data to your advantage and ride the wave of digital transformation.

Tech year in review: 2019 Key takeaways

Tech year in review: 2019 Key takeaways

As we end the year, it's interesting to see what was on our collective minds and revisit the stories that defined the year in tech. A lot happened in 2019, some good, some bad. One of the biggest news this year at Singapore tech scene is definitely the news of Carousell acquiring Philippines classified leader OLX, which subsequently merged with 701Search. The two transactions resulted in Carousell reaching a US$850 million (S$1.16 billion) valuation, crowning the brand as the category leader in Southeast Asia’s classified space.

Apart from Trump's impeachment, Wework imploding and Tesla cybertruck launch, 2019 also saw tech revolutions that have far more impact in the years to come. Several tech companies such as lyft, slack, uber, Pinterest had their initial public offerings (IPO) in 2019, but most of them are floundering.

Rise of China

On the surface, it may seem as though the US and China are embarking on a trade war for economic purposes; but there are various layers of competition between the two global economies. Arguably, the most important one is the battle for tech superiority, which closely impacts the economies of the two countries. China is raising not just in Artificial Intelligence but also in other areas such as building farms on space by genomic editing humans and life stock. That’s a bold move for a country only known for its cheap good a decade back. China is also building infrastructure and next-generation internet networks across Southeast Asia and Latin America.

Privacy is officially dead

Whether google listening to our conversations, face recognition on the public cameras or DNA tracking to distant relatives, we are under continuous surveillance. Whether we like it or not, we generate a lot of data that are mined, productized and monetized according. We no longer have the expectation of privacy according to FTI. Companies that rely on data have several challenges such as storing, safeguarding, ensuring the datasets aren’t coded with bias, etc.

Misinformation and governance

All over the world, Social media companies fought back against criticism that their platforms were havens for disinformation. But with all the talent and use of artificial intelligence, it looks like disinformation efforts are on the rise.

Singapore became the leader in creating laws against social media. In October a new law went into effect with the stated purpose of fighting “fake news. Under the Protection from Online Falsehoods and Manipulation Bill, it is now illegal to spread “false statements of fact” under circumstances in which that information is deemed “prejudicial” to Singapore’s security, public safety, “public tranquility,” or to the “friendly relations of Singapore with other countries,” among numerous other topics. 2020 would be a year of governance on social media platforms.

IoT, Big Data and AI

With the humongous amount of data available today, it has become vital to analyze it for driving meaningful insights. IoT, Big data and AI helps in better decision-making to make fruitful business moves. AI and Big Data techniques are needed to access data in real-time. This has helped to improve the efficiency of processes within business thus offering an enhanced decisive power to strategize a plan of action.

Analytics

Companies that still aren’t investing heavily in analytics by 2020 probably won’t be in business in 2021. There is simply far too much valuable customer data to be collected, processed and turned into insights for any company to remain competitive without making full use of modern analytics tools. Flying blind and following your gut are no longer viable options when every other business is leveraging sophisticated analytics tools to identify problems, opportunities, and solutions. Every major tech company has already figured out that the future is in data, most specifically, the real-time processing of it.

Now more than ever, every organization should examine the potential impact of tech trends and leaders must be willing to address deep uncertainties by taking incremental actions. Whether you work within a Fortune 500 company, a government agency, a start-up, a university, a foundation or a small business, you must factor the trends in the tech industry into your strategic thinking for the coming year, and adjust your planning, operations, and business models accordingly.

Srivatsan Aravamudan - Sri

Senior Solution Consultant

Mail:  srivatsan@psibertech.com.sg

Call:   +65 62689551

PsiberTech Solutions Private Ltd

Why implement Power BI? Here are some key benefits

Why implement Power BI, here are some key benefits 

Microsoft with its proven track record in the field of technology has come to the forefront with the introduction of its compelling analytics tool, Power BI. Power BI is a cloud-based tool that requires no capital expenditure or infrastructure support regardless of the size of the business. Typical of all Microsoft cloud services, implementation of Power BI embedded is rapid and trouble-free. It's a powerful, low-cost analytics and reporting platform that is renowned for its simplicity and effectiveness.

Here are a few key benefits you can harvest when you implement Microsoft Power BI tool:

1. Minimal upfront costs

That’s one of the most important reasons why many organizations implement Power BI. As it is minimal cost, it also makes it less risky. Power BI is a subscription-based service that does not require buying licenses, support, etc. In fact, NAV customers have access to the free version where they can subscribe and build their own dashboards as I had just demonstrated. To get started, you can subscribe and instantly start creating your own dashboards.


2. Data is More Accessible Than Ever Before

Data accessibility is the USP of Power BI. It was built to integrate with Microsoft technology, such as SharePoint documents or SQL databases. But it enhances non-Microsoft solutions, too. In fact, Power BI currently connects to 60 common software solutions your business already uses and pulls data into a centralized, easy-to-use dashboard.  Some of them are  ( Spark, Hadoop, Google, Analytics, SAP, Salesforce, MailChimp)


3. Access reports across multiple platforms

Whether you’re a salesperson on the road meeting with clients, or you’re a CEO vacationing and would like to get a quick update on sales, Power BI brings the reports to your laptop or mobile device.

Dashboards, reports, and datasets are at the heart of Power BI. Users can create personalized dashboards, which combine on-premises and cloud-born data in a single view.


4. Seamless setup

Very little engineering resources are needed to use Power BI. In fact, some instances don’t require any engineering at all. Managers simply need to create an API key and plug it into the software. If your organization already uses Microsoft systems (such as Office 365), using Power BI will feel natural as it integrates easily with Office 365 Groups and Microsoft Teams.

Aside from these awesome benefits Power BI also lets users handle data and gives them the power of understanding and manipulating data.  Users get a knowledge of how to format or shape any piece of information in a certain way and how to fix it at the source itself. Query Editor, one of the effective features of Power BI Desktop, allows many customary transformations like changing data types, transforming by adding a new column, splitting & merging, and adding a query. 

If you need further information on how Power BI can make a difference in your existing data infrastructure please give us a call. 

Srivatsan Aravamudan - Sri

Senior Solution Consultant

Mail:  srivatsan@psibertech.com.sg

Call:   +65 62689551

PsiberTech Solutions Private Ltd

5 Facts you need to know about bespoke software solutions

Software is traditionally divided into two categories: packaged or custom. Bespoke or Custom software solutions fill a vacuum created by off the shelf products. One size does not fit all and hence an organization where the process is unique opt-in for Bespoke software development.

Bespoke software has become an essential component in running an efficient and profitable business. There is an increasing demand for targeted software development services that are uniquely designed to address mission-critical needs and other demands placed on a modern business, which many off-the-shelf solutions fail to do.

Here are the top 5 facts you need to know about bespoke software solutions

1.Optimizing in-house processes

Unlike off the shelf products, bespoke software needs to be built from the ground up. This means you need to list down the exact tasks/operations the software needs to perform to generate the output that you are aiming for. Often this analysis process invokes a self-discovery and processes are optimized before they are computerized. Internal complexities are addressed, and bottlenecks are removed to improve efficiency in the in-house processes.

2.Innovation through co-creation

While you create your bespoke software, you would work closely with the development company. You will take part in development cycle by declaring your business goals, providing inputs on iteration and co-creating innovation that truly work for you. This is where the magic happens, the perfect combination of business knowledge and the power of technology to make that happen.

3.Unique to your DNA

Like a suit that is tailor-made to your needs, bespoke solution reflects your way of doing things digitally. Just like your USP, your bespoke software also creates that identity and becomes part of your DNA. This is such a powerful statement to your customers and competitors. To be able to create your own process that reflects your unique value proposition to your clients.

4.Vibes with your environment

Unlike off the shelf products, Bespoke products live and breath in your environment. When done properly, they integrate into your existing infrastructure perfectly. They create more synergy and solve your data and process silo problems within your organization.

5. Adapt, scale and repeat

Bespoke software companies like PsiberTech tend to keep up with technology to stay current in the market. This helps in building sustainable products that can adapt, scale and can be maintained easily. Changing technology can pose high risk to survival of the product. Hence, it's vital to build a solution that takes into the account not just the existing tech landscape but also flexible enough to evolve with growing technologies.

There you go, the top 5 facts of bespoke solutions. Do you agree with them? Do you think I missed something? Feel free to jot down your thoughts in the comments section. Feel free to ping me if you have any questions about bespoke software solutions.

Srivatsan Aravamudan - Sri

Senior Solution Consultant

Mail:  srivatsan@psibertech.com.sg

Call:   +65 62689551

PsiberTech Solutions Private Ltd

Business Intelligence for Business (4/5): Trends in BI for 2020

Welcome to this post in this Business Intelligence for business series. In this series, we discuss several aspects of Business Intelligence and its implications on the business. If you are tuning in for the first time, please follow the links below for the rest of the series. 

Business Intelligence for Business (1/5): Why Being Data-Driven Matters

Business Intelligence for Business (2/5): How AI is transforming BI

Business Intelligence for Business (3/5): Big data and BI

Technology advances daily and the landscape of Business Intelligence, and its increasing importance evolves. With BI analysts being an integral part of company direction and strategy, it's critical to keep up with these 5 emerging trends in 2020. 

1. Augmented analytics

Augmented analytics uses machine learning to automate data preparation, insight discovery, data science, and machine learning model development and insight sharing for a broad range of business users, operational workers, and citizen data scientists.

Gartner says, as it matures, augmented analytics will become a key feature of modern analytics platforms.

Gartner predicts that, by 2020, citizen data scientists will surpass data scientists in the amount of advanced analysis they produce, largely due to the automation of data science tasks.

2. Graph Analytics

As the size and complexity of data collected by organizations grow, so do the questions and problems they strive to answer. Many of today’s complex data questions are beyond the capability of traditional analytics. Graph analysis may be able to answer some of those more complex questions.

Graph analytics refers to a set of analytical techniques that allow for the exploration of relationships between entities of interest such as organizations, people, and transactions. Put simply, they can efficiently model, explore, and query data with complex interrelationships across data siloes.

3. Artificial Intelligence

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report, combining AI with autonomous things and hyper-automation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. Artificial intelligence (AI) is the science aiming to make machines execute what is usually done by complex human intelligence.

4. Data Quality Management (DQM)

The analytics trends in data quality grew greatly this past year. The development of business intelligence to analyze and extract value from the countless sources of data that we gather at a high scale brought alongside a bunch of errors and low-quality reports: the disparity of data sources and data types added some more complexity to the data integration process.

5. Relationship analytics

The emergence of graph databases, location, and social analytical techniques have redefined relationship analytics — how different entities of interest, such as people, places and things, are connected. Analyzing unstructured, continually changing data can provide users with information and context about associations in a network and deeper insights that improve the accuracy of predictions and decision-making.

So there you have it, the top 5 BI trends for 2020. This is not the extensive list but gives you an idea of what we would expect in the year to unfold in BI. Let me know what you think about these trends and how are you planning to leverage them in 2020.

Srivatsan Aravamudan - Sri

Senior Solution Consultant

Mail:  srivatsan@psibertech.com.sg

Call:   +65 62689551

PsiberTech Solutions Private Ltd