Trends in Technology
The tech industry has always been central to progress, but its role has become more pronounced in the past few decades. Smartphones have changed how we do business, while other improvements in telecommunication technology have increased operational efficiency. The transformations happen so rapidly that it isn’t surprising that top technological trends keep evolving.
Some of the latest introductions to business technology have been especially impressive given their results. For example, data analytics has revolutionized our fo recasting and prediction, while cloud technology has optimized data management and procurement, among other aspects. However, these two elements are far from the only trends to grace the decade.
This article will mention the top technological trends driving change in organizations.
Top Technological Trends Shaping Business Technology
It will be good to remember that the technologies we will address in this article aren’t new. Their research and development have been happening for decades, but their commercial applications became available relatively recently. There are several reasons for that, but two primary ones stand out:
– The market was not ready to understand the technological innovation
– The research had yet to find a way to make the application economically viable
Thankfully, we are now in a position to benefit from these advancements and enjoy the improved efficiency they offer. Following are the top technological trends shaping business technology:
1. 5G Technology
5G technology is an improvement upon the already impressing 4G. However, the difference between the two is significant, and the adoption will lead to extensive changes. 5G already received a soft launch in 2019, so we have an idea about its capabilities.
The fifth generation has proven to provide exceptional transmission speed, further improving efficiency. Several tech industry experts have also pointed out that 5G will have negligible or no latency. Aside from the evident efficiency, this benefit will also work exceptionally well for the Internet of Things (IoT), pushing the technology another step further.
2. Augmented Analytics
Data analytics was impressive enough, but it has evolved to augmented analytics. Augmented analytics is the version of data analytics that employs machine learning (discussed below) to go beyond essential forecasting. This form allows the system to use existing data to present a core prediction and take it a step further to explain how that will change the market.
Typically, this level of analysis requires human intervention, with scientists or expert analysts breaking the implications down. However, through the correct usage of augmented analytics, we can reduce the time and effort it takes to get the results and plan accordingly.
3. Artificial Intelligence
Artificial intelligence is one of the most common terms nowadays and is leading the transformation effort. It started with the general imagery of making robots intelligent and self-sufficient but has since evolved. The technology has nearly no limits, as it can be used to amplify any digital space or operation.
For example, businesses with artificial intelligence integrated into their operations will have an intelligent machine presenting best-case scenarios after doing thousands of complex calculations. The best part? The process will take the system a fraction of the time it would take a team to do it themselves. AI is also incredible because it works with other elements like data analytics and cloud technology, leveraging its capabilities to improve its operations further.
4. Advanced Machine Learning
Machine learning and AI go hand in hand, with machine learning fulfilling the role of re-programming the technology based on new data. However, there has been a significant improvement in machine learning, with experts realizing the need to feed it quality data.
The problem with letting the AI learn on its own is similar to leaving a child without instructions. While their curiosity will help them develop an understanding of the world, there is a high chance their concepts will be unclear or skewed.
The internet has a vast collection of data and information, not all of which is accurate or progressive. Machine learning solutions are optimized when the system receives relevant data, allowing its forecasts and learning to become more accurate.
5. Cybersecurity Infrastructure
Technological advancement has always led to progress, but there is a downside. The more sophisticated the advancement, the more advanced the cyberattack attempts. Hence, the extensive focus is on improving cybersecurity infrastructure to protect organizations against data breaches.
Cybersecurity evolution has also led to the transformation of access management; hence, this trend will affect other operational functions within the organization.
Smart infrastructure has already enabled extensive automation within operations, manufacturing, and supply chain. However, recent technological trends indicate that the tech industry will take things further with hyper-automation.
Hyper automation refers to technological integration that allows operations to run smoothly with minimal human intervention. This convenience is possible due to artificial intelligence, cloud computing, and analytics.
The process would involve setting up advanced incident management technology and supplementing it with decision intelligence. The combination will allow the robots to generate timely reports while automatically authorizing necessary actions for damage control.
7. Generative AI
Generative AI is expected to be a step forward for design development and digital content creation. The technology studies a specific asset in detail using data and leverages its knowledge and learning to develop something similar or better and more creative.
This advancement has had limited applications, but it will likely become central to communication design and product development.
8. Cloud-Based Platforms
Cloud technology became an instant hit soon after its introduction, and everything has only gotten better from that point. More and more organizations and institutions are shifting data to cloud platforms since the multiple environments have created a digital replica of the physical world.
Hence, there is an increase in cloud-based platforms because their existence simplifies data management and coordination.
In short, artificial intelligence, 5G, hyper-automation, etc., are the top technological trends you need to know about. As a business owner or manager, you need to take the opportunity to familiarize yourself with these trends and work with an IT expert like Percento Technologies to incorporate them into your model.