Digital Transformation

• [New] The global pandemic that we all experienced over the past year was a wake-up call for digital transformation and has driven increased demand for agile platforms that can help organizations improve their ability to respond to economic volatility and disruption.
• [New] Digital transformation is changing the world of manufacturing to more predictive analytics, where data is used to predict performance and failures.
• [New] Amid increasing concerns about the allocation of taxing rights, both developed and developing countries recognize that, without a consensus-based global solution, proliferation of unilateral tax measures is expected.
• [New] The newly created Data Innovation Centre of Excellence will provide deep technical resources to help Canadian organizations harness the power of data and cloud technology to accelerate their digital transformation.
• [New] Greater adoption of Edge Computing could be the difference between UK businesses realising the potential of the fourth industrial revolution or being left behind in the next wave of global digital transformation.
• [New] While cloud solutions enabled businesses to survive in 2020, business that continue to embrace agile transformation will win in 2021.
• [New] Japan's prime minister, Yoshihide Suga, has made the digital transformation a priority of his administration and is gearing up to establish an agency that will serve as the core of national cyber power.
• If the last two decades in China were about the rise of the consumer internet, the next two decades will be about digital transformation in traditional businesses.
• China, Taiwan and South Korea have transformed their roles from manufacturers of global products to disruptive technology generators in the areas of 5G, digital payments, big data, blockchain, and others.
• China's 14th five-year plan, which covers 2021 to 2025, has a whole chapter on digital transformation in every sector of Chinese society ranging from real industries to governmental administration.
• Europe could create 2.4 million new jobs over four years through digital transformation, simultaneously boosting economic growth and pushing the green agenda.
• There is a huge opportunity for edge to digitally transform UK businesses - which we are already seeing through the role of mobile edge computing in the telecommunications sector, and the relationship between edge computing and connected and autonomous vehicles.
• Digital transformation goes far beyond growing the use of digital tools and technology - in 2021 it will be about overall business transformation and firms adapting the ways they operate.
• Overall, digital factory revenue will top US$ 4.5 billion in 2030 with spending by pharmaceutical manufacturers on data analytics forecast to grow by a 27% CAGR and be worth US$ 1.2 billion in 2030, as manufacturers look to track, optimize their operations, and boost productivity.
• More major investment in digital transformation, infrastructure projects, and R&D will continue to take place so legacy automakers can gain a competitive advantage in the global automotive industry marketplace.
• Just over three three-quarters of UK CEOs say they plan to increase their investment in digital transformation in 2021.
• The past year has prompted healthcare organisations to prioritise their approach to digital transformation in response to threats like COVID-19.
• Digital transformations are driving development and progress across all industries and spheres of life, and will be instrumental in writing the Indian growth story.
• In the next two to three years, we expect to see digital transformation at a rate that, before 2020, we thought would take 5 to 10 years.
• More than three quarters of UK CEOs plan to increase their investment in digital transformation.
• Following the disruption of the past year, a major priority for UK CEOs is digital transformation.

Last updated: 11 April 2021