Update digital transformation trends in 2024 and benefits that cannot be ignored

Digital transformation so no one is left behind

According to a report by online data and market research company Statista (Germany), spending on digital transformation globally is expected to reach 3.4 trillion USD by 2026. This is a significant number. , showing the importance of digital transformation for the development of businesses.

Speaking at the meeting summarizing activities in 2023 and key directions for 2024 of the National Committee on Digital Transformation, Prime Minister Pham Minh Chinh outlined the orientation for digital transformation in 2024 as: Economic development. Digital economy with 4 industrial pillars of information technology and communications, digitalization of economic sectors, digital management, digital data, creating motivation for rapid and sustainable economic development. In particular, the trend of green transformation and green economy is one of the inevitable trends with the race towards net zero emissions by 2050.

The benefits of digital transformation are:

• Optimize processes, minimize operating costs
• Help businesses innovate business models and create new products and services
• Helps businesses reach new customers and expand markets

Therefore, when joining the digital transformation wave in 2024, businesses need to focus on building appropriate digital transformation strategies, investing in technology and training digital human resources. This is the time for businesses to apply modern technology to their production and business processes.

For the agricultural industry, there will be a focus on improving productivity, production efficiency, optimizing production processes, traceability, and reducing emissions; The processing and manufacturing industry focuses on digitalization, automation and digital management towards applying smart factory models to improve production capacity and product competitiveness, reduce emissions... each time. step into the global value chain.

The electricity and energy industry focuses on digital management, such as smart grid systems, power system security and safety, and for thermal power plants, they must reduce fuel burning and emissions.

The construction industry focuses on increasing productivity (automation of construction processes); more effective project management (track work progress, plan and manage resources more effectively); design optimization (3D simulation and construction information management system); increased flexibility; reduce loss and waste; improve labor safety; Effective financial management...

The field of industrial park and export processing zone development focuses on promoting the application of technology and digital management to change production and business processes and environmental protection to improve performance and operational efficiency. reduce emissions, form green and ecological industrial parks.

4 main priorities of national digital transformation in 2024

• Prioritize the development of digital data, this is a key production factor in the development of the digital economy
• Prioritize digital governance, ensuring the rapid and healthy development of the digital economy
• Prioritize the development of the digital technology industry, this will be the key industry providing technology, products, services, solutions, and digital content for digital economic development
• Prioritizing the digitalization of economic sectors associated with increasing social labor productivity, output, management and innovation - this is the main front for the development of the digital economy, opening up space for development

Top digital transformation trends likely to shape the business landscape in 2024

Integrating artificial intelligence and machine learning

Artificial Intelligence (AI) and Machine Learning (ML) are leading digital transformation and their importance is expected to increase in 2024. Businesses will increasingly leverage AI algorithms and ML to analyze massive data sets, gain actionable insights, and automate complex processes. From customer service chatbots to predictive analytics, integrating AI and ML will enhance decision-making, optimize operations, and drive innovation.

Generative artificial intelligence continues to develop

The capabilities of generative artificial intelligence (Generative AI) are growing rapidly. This is a type of algorithm capable of generating new content, including text, images, videos, or other forms of data. Generative AI is different traditional AI systems based on predefined rules, this algorithm takes advantage of huge data sets to learn and create content autonomously.

Smart applications

That is, applications are tending to use AI to improve functionality to maximize their working capacity, in which AI-powered chatbots, voice assistants, and smart search are leading the way. start of the race.

Cloud computing technology

Cloud computing technology is an indispensable part of the digital transformation strategy, allowing businesses to adapt to market changes quickly. Cloud platforms drive innovation by providing easy access to a multitude of services, artificial intelligence and machine learning to advanced analytics and internet of things (IoT) capabilities. With these tools in place, organizations can test, iterate, and deploy new solutions at a much faster pace than before, fostering a culture of continuous innovation. By leveraging the power of cloud computing, organizations can become more agile, adaptive and successful in this competitive digital world.

Digital twin technology

Digital twin technology is the creation of virtual models that parallel physical objects or processes. This model allows businesses to monitor, analyze and optimize performance in real time. Digital twin technology brings many benefits such as: Deeper understanding of operations; Predict potential risks; Make wise decisions.

In the future, digital twins will become indispensable tools for effective management, smart decision-making and sustainable success.

Practical application of technology

As customers increasingly expect immersive and personalized experiences, augmented reality (AR) technology will become a key factor in customer engagement strategies. Because AR technology creates interactive and personalized shopping experiences; Virtual product testing; Enhanced customer support.

Augmented reality (AR) technology application has become an indispensable part of the future of retail, marketing and customer service. Businesses that proactively embrace this technology will have a significant competitive advantage in attracting and retaining customers.

Sustainable digital transformation

More and more businesses are incorporating environmental factors into their digital transformation strategies, focusing on green & sustainable development. Businesses will focus on optimizing energy consumption, minimizing electronic waste and applying green technology.

It can be said that in the current wave of strong digital transformation, in order for businesses to not be left behind and rise to the top, constantly updating information and always being proactive will be an advantage. top first.

CIC Technology and Consulting Joint Stock Company accompanies businesses in the digital transformation process with advanced and modern technology solutions in the fields of construction, science and technology, information technology, and environment. schools, traffic, urban areas, etc. For any information, please send to the following address:

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