With increased Internet access, faster browsing speeds, as brought about by the implementation of 5G, and growing consumer technological awareness, the
Internet is reaching further than ever before to connect our world, businesses and personal lives. From e-commerce to cloud computing, medical technology and
telecommunications, the integration of technology and process will continue to transform the way we communicate, access and utilize the data that powers our
lives, and the need to protect the private information of individuals, businesses and governments will become even more critical, in our view. Although spending
on digital transformation is expected to exceed $2 trillion by 2023, about 87% of businesses have not even realized the full impact of their digital investments.
Source: Forbes Technology Council, 2021