Managing the ever-increasing speed with which your organization generates and utilizes data is key to success. For most enterprises, the use of their big data is intimately tied to digital transformation (DT) initiatives. Adopting the necessary technologies to keep up with an enterprise data flow is a must to stay competitive.
With this business reality in mind, some questions arise: What will be big data’s role in the future for business? How will IT adapt and grow? And how will this growth affect ITOps and developer processes today?
We sat down with some industry leaders—Ahmed Kamran Imadi, Big Data Solutions Engineering at a Fortune 100 Financial Institution; Mark Kidwell, Chief Data Architect at Autodesk; and Satish Nekkalapudi, Sr. Manager at Magnite—to discuss these questions.
In our webinar, these experts shed light on the role of big data in business today, the skill-sets needed to keep up with the growth of big data, and how DT has affected the role of big data in their organizations.
What is Digital Transformation?
Digital transformation is the incorporation of a variety of digital technologies and trends into all facets of a business organization. It includes the adoption and use of cloud technologies, artificial intelligence, hybrid IT, machine learning, and automation in various business areas like communication, resource management, HR management, accounting, inventory, and more.
DT fundamentally changes how businesses operate by improving their existing practices, eliminating outdated approaches, and finding better ways to increase the value delivered to customers. DT signals an organization’s shift into using modern methods of operations. It marks an enterprise’s constant search and discovery of new business models and new revenue streams, driven by the need to meet the ever-changing customer expectations around their products and services.
Why is Digital Transformation Important?
In 2020, 54% of the world’s business organizations put DT initiatives on top of their technology priorities. This year, that figure slightly increased to 56%.
These majority statistics show that major business sectors are embracing DT. We see DT in the banking and financial industry, in manufacturing, healthcare, agriculture, real estate, and more.
Businesses are expected to spend more on DT projects in the coming years. Enterprises all over the globe spent $470 billion to push their DT initiatives i