The Latest Trends Set To Shape Digital Transformation In 2023

The era of numerous digital transformations and advances has begun. Recent years have highlighted the need for businesses to adapt to evolving technologies to remain relevant and competitive in an ever-changing, unpredictable environment. Companies embracing digital transformation initiatives can improve products and services, improve performance, establish new income streams, improve customer experience, and drive growth.

From managing your infrastructure to helping people embrace new ways of thinking and working, SVIC's Innovation experts explain how to effectively plan, prepare and empower digital transformation across your business.

According to IDC, a worldwide marketing intelligence firm, global investments in digital transformation will grow at a compound annual rate of 16.3%. By 2026, this figure is expected to reach $3.4 trillion. The United States, Europe, and China will be the largest spenders in digital transformation. The industry with the most significant investment in digital transformation will be the financial services sector (including banking, insurance, security, and investing).