Top Enterprise Technology Trends that you shouldn’t miss this year
2019 is the year to experience further technology innovation and take concrete steps to prevent any data breaches. So, how can you sense and act upon a further? In today’s digital- first environment, the right business technology can make a significant difference between remaining ahead of the competition and falling behind.
Individual technologies can be attractive, but they don’t exist as a singular entity. Three big pillars have emerged over the past 10 years- Cloud, Analytics & Digital Experience. However, they are no longer new, but recently, they are being used on their full potential.
Let’ check the top tech trends that are already shaping any industry innovation in 2019.
1. Business automation for a smarter system
Automation has advanced beyond the rigid programming models. Many businesses have already shifted their focus toward automating business processes by using RPA tools, or low-code platforms running in the cloud. If you are still working on paper or e-mail, it’s highly recommended to explore the possibilities of RPA & AI-driven autonomous capabilities.
Also, note that you can use it for narrowly-defined purposes to solve any complex business processes as well.
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2. Multi-cloud management solutions
Gartner, predicts that 90% of the IT enterprises tend to adopt a hybrid infrastructure management approach by 2020. Most enterprises have already chosen a hybrid path for their cloud migration. This, in turn, makes enterprise use multi-cloud management solutions to synchronization their operations across their cloud infrastructure.
There are already different tools available that create an added layer between two or more cloud platforms. Also, more enterprises will opt for custom-built solutions rather than off-the-shelf products due to data privacy concerns.
In the coming years, cloud computing may overtake IT spending, optimizing workloads and cloud-based apps taking over the marketplace.
3. Blockchain as an enterprise tool
This year you still get time to unleash the potential of blockchain-based solution for more complex projects which go beyond cryptocurrencies.
On Deloitte’s 2018 Global Blockchain Survey, 21% of global respondents struggled to justify the implementation of blockchain within their organizations due to the lack of compelling, real-world use cases. Besides, some 39% of them are reportedly planning to invest $5 million or more in blockchain technology in 2019.
Businesses are still considering blockchain implementation. This year, it shows involvement in core business operations enabling more transparency in transaction and security through a variety of business functions.
This means we will see blockchain bloom out of the proof-of-concept stage and solve real-world business issues within organizations apart from digital payments, IoT or supply chain management.
Read blockchain technology-related blog here.
4. AI for enterprise data analytics
Data analytics refers to the use of various techniques that find meaningful patterns in data. In today’s time, all enterprises generate massive amounts of data from different sources; here, AI algorithms can help to find patterns quickly, build assumptions, test them all, and learn from the results. With AI, the process pinpoints the success or failure without any human intervention and comes with the potential to drive new business models.
According to research by PwC, 20% of surveyed US business executives are planning to implement enterprise-AI this year, and other 15% plan to deploy AI in several areas across their organizations.
All in all, AI offerings have increasingly become customized across industries. If you have not yet started leveraging the power of AI or machine learning across business processes, it’s time to become an AI-fueled organization.
5. Increased data privacy
Like every year, this year too, data privacy remains the main priority for enterprises. Digital transformation & evolution comes with many perks, but you need to consider the ugly side as well. Cyber attacks and data breach are some pressing concerns for any enterprise and tech businesses.
A survey by Deloitte reveals, “cybersecurity strongly affects all trends in information technology. In 2018, over 18% of companies had halted AI initiatives due to online safety risks, and 22% decided not to start any new projects at all”.
It would be best if you considered security measures to stay far away from malicious parties. With GDPR implementation, companies can achieve compliance to offer better data privacy. More enterprises are looking to invest in assessments of existing security measures.
Taking everything into account, keeping up with the latest trends is necessary. Some trends remain trends for years. Besides, the above mentioned tech trends, we can see the rapid adoption of IoT and conversational UI. Also, according to Gartner’s insight, “Through 2024, artificial intelligence (AI) will seep into every software, service and physical asset, driving a new level of automation.”
Hope you liked the blog and keep it handy during mapping the digital transformation for your enterprise.
For further discussion about how you can implement blockchain or RPA on your project, feel free to talk to us.