Find stats on top websites
Industry Landscape
The digital transformation industry is experiencing robust growth, driven by increasing demand for cloud adoption, AI/ML integration, and cybersecurity. Businesses of all sizes are investing in digital solutions to enhance efficiency, customer experience, and competitive advantage. The market is characterized by rapid technological advancements and a strong focus on tailored, scalable solutions.
Total Assets Under Management (AUM)
Digital Transformation Market Size in United States
~Over 600 billion USD
(15-20% CAGR)
- Cloud adoption is a primary driver.
- AI/ML and data analytics are key components.
- Cybersecurity and business process automation fuel growth.
Total Addressable Market
600 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI enables the creation of new content, code, and designs, accelerating development cycles and automating complex tasks in digital transformation.
Edge Computing
Edge computing processes data closer to the source, reducing latency and enabling real-time insights for applications like IoT and autonomous systems.
Blockchain for Enterprise
Enterprise blockchain offers enhanced security, transparency, and immutability for supply chain management, data integrity, and secure transactions across business networks.
Impactful Policy Frameworks
American Data Privacy and Protection Act (ADPPA) - Proposed
The ADPPA is a comprehensive federal privacy bill aimed at establishing a national standard for data privacy, requiring companies to minimize data collection and enhance consumer rights over their personal information.
This proposed policy would necessitate significant adjustments to data handling practices and potentially increase compliance costs for Smartly Built and its clients.
NIST AI Risk Management Framework (AI RMF) 1.0 (2023)
Published by the National Institute of Standards and Technology, the AI RMF provides voluntary guidance to manage risks associated with artificial intelligence, promoting trustworthy and responsible AI development and deployment.
This framework will guide Smartly Built in developing ethical and secure AI solutions, influencing their AI engineering services and potentially becoming a competitive differentiator.
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA)
CIRCIA mandates critical infrastructure entities to report significant cyber incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA) within specific timeframes.
This policy increases the importance of robust cybersecurity services from Smartly Built, requiring their enterprise clients to have advanced incident response capabilities.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
