Wednesday, January 13, 2021

The Incredible Growth of Digitization IT Spending Industry 2021

 The global digital transformation market size expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. Major growth drivers of the digital transformation market are the increasing penetration of mobile devices and app and the increasing adoption of cloud services.

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Amid COVID-19 pandemic cloud and internet technologies are keeping our world running. With social distancing in place businesses across sectors are working remotely, and people are completely dependent on online services for their essential and non-essential needs. To make this virtual world as real, efficient, and impactful as possible, the demand for robust cloud infrastructure is booming. While everyone stays at home, cloud computing has made entertainment and gaming activities more seamless than ever.

During the COVID-19 pandemic crisis, visitor’s access to enterprises could be easily transferred to blockchain and Bluetooth Low Energy (BLE)-based access management systems. The visitor/guest would receive an invitation through an app and upon accepting the invitation a unique access key would be generated and the transactions will be secured using blockchain. Using the same access key and a BLE enabled device the visitor should be able to enter the office/society premise seamlessly. A distributed technology, such as one using blockchain, not only provides a more secure way to implement access control systems but also it is cheaper than a cloud-based back-end server-based implementation. The blockchain technology makes it easier to access and track the visitor’s health records, especially related to the COVID-19 scenario.


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