Top 10 Technology Trends That'll Always Shape Businesses

Top 10 Technology Trends That’ll Always Shape Businesses

By Soko Directory Team / Published June 22, 2022 | 1:07 pm

KEY POINTS

As a business owner, the whole point of these digital trends is that you should be competitive and well equipped with the relevant tools in the contemporary business environment.

KEY TAKEAWAYS

Keeping yourself abreast of the changes and trends is fundamental, not just for an individual but also for enterprise growth. What is new today is old tomorrow.

Change is inevitable, and if there is anything the past two years have taught us, digital transformation is certainly inescapable. Technology will continue to revolutionize everything.

As we continue advancing our abilities, as days go by, the revolution continues; technology gets better and better. Keeping yourself abreast of the changes and trends is fundamental, not just for an individual but also for enterprise growth. What is new today is old tomorrow.

In a nutshell, technology doesn’t wait for you. If your business or venture can’t keep up with it, you will likely lose your market share. That said, what are the digital trends that will drive and change your organization for the better?

Gartner, a platform offering insight on technology and trends that impact organizational growth and transformations, compiled a list of the current tech trends focusing on artificial intelligence (AI).

It looked at how trends are quickly becoming integrated into many business systems – the mesh. This largely deals with the connections between an expanding set of people, businesses, devices, content, and services to deliver digital outcomes and the digital environment with the blending or virtual and real worlds for a better immersive experience.

Artificial Intelligence

AI Foundation

One of the most familiar digital trends identified is Artificial Intelligence (AI) foundation. Using AI allows your business to enhance decision making, restructure, reinvent your business model, and take customer experience to the next level.

Many organizations are fast adopting the technology, while others have already completed the first phases of AI innovation. However beautiful this technology is, one thing remains, the idea that AI will perform intellectually and better than a woman would is still somewhat speculative.

Nonetheless, businesses should invest in AI technologies that better their services using narrow aspects, leaving advanced AIs to scientists.

Intelligent Apps and Analytics

Today, it is widely accepted that AI is rapidly becoming an integrated technology in many applications and software used by several businesses. More and more apps are incorporating it, and before long, new ones will arise as others adopt the concept.

The transition isn’t in vain. If you scout for apps and analytics to use in your venture, you are guaranteed value in your organization. Some benefits you will enjoy include advanced and way better user experience, analytics, and intelligent processes.

AI, however, should be utilized as an augmentation of human activity. This way, an organization will enjoy automated data preparation while at the same time providing a platform for insight sharing and sharing.

Intelligent Things

The advancement in technology brings better AI things. Intelligent things like smart cameras utilize AI technology for better performance. Intelligent things work semi-autonomously or autonomously in an unsupervised environment for a specific period. A good example is an automated farming vehicle.

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Staying ahead of these technological advancements positions your venture in an advantageous position, particularly regarding service provision, performance, and output. For instance, if you choose a model where several devices function together, whether on their own or with the help of human input, you will realize positive changes that will place you ahead of the competition.

Mesh

Digital Mesh

Blockchain

As online currencies continue to be adopted, blockchain is there to guarantee a shared, distributed, decentralized ledger that gets rid of the hassles involved in commercial transactions.

This is one of the digital trends that will revolutionize several industries, including the government, healthcare, content distribution, supply chain, and many more sectors.

Sadly, the technology is still immature, largely unregulated, and unproven, so the need for a comprehensive knowledge of implementation is mandatory.

You should be aware of the opportunities in your venture, capabilities, setbacks, and necessary implementation skills.

Before adopting the technology, there is the need for appropriate skills in cryptocurrency, the integration points with the already existing infrastructures, and the platform’s evolution and maturation monitoring.

Event Thinking

Anyone running a digital business is always looking for ways to exploit novelties in the digital environment. Being event-driven allows for recognizing the dynamics in the business environment, such as completing purchase orders.

Now that AI, the IoT, and other technologies exist, innovators and investors can be detected more quickly and analyzed with in-depth knowledge. Businesses should incorporate “event thinking” into their digital business strategies.

Continuous Adaptive Risk and Trust

Online or digital ventures consistently generate complex risks, mainly when the security environment evolves. For instance, we all know that several measures, like the use of virtual private networks, which hide your IP address, are crucial in ensuring your resources are not directly exposed to the Internet and therefore increasing security. But the question is whether this and other measures are enough for the digital business.

Threats are a regular occurrence, and they will continue rising. However, with the continuous adaptive risk and trust assessment (CARTA), it becomes easy to make risk-free and real-time decisions with confirming results to the security-enabled digital business.

Applying ownership and control instead of trust has no chance in the digital environment. Moves for infrastructure and perimeter protection and most internet security moves may likely succumb to insider attacks if not correctly implemented.

As a result, using a security system that makes CARTA a reality is a motivational tool that will allow developers and business owners to better the security measures.

Digital

Digital Twin

Digital Twins

When a real-world entity, system, or thing is digitally represented, it is a digital twin. For instance, the Internet of Things (IoT) is a good example. Here, live objects are digitally represented to provide information on the state of their counterparts, respond to changes, improve operations and add value.

Digital twins help an organization with asset management and businesses with great value in operational efficiency far from offering insights into consumer behavior and how to better the services.

This technology can be used by city and industrial planners, healthcare providers, and digital marketers with AI-based things to realize advanced simulation, operation, and analysis.

Cloud to the Edge

Edge computing, according to Wikipedia, refers to “pushing the frontier of computing applications, data, and services away from centralized nodes to the logical extremes of a network. It enables analytics and data gathering to occur at the data source.”

On the other hand, the cloud refers to a technology where services are delivered online. However, it does not dictate unified or dispersed service delivering services. When combined, the cloud can generate a service-oriented model, while edge computing will provide a delivery style allowing for the execution of disconnected aspects of cloud service.

Conversational Platforms

Conversational platforms offer quick and impressive responses to human interaction. The technology allows you to get answers to simple things like weather changes and to perform advanced tasks like booking a reservation at a restaurant or hotel.

Due to their evolving nature, one should constantly be updated as more complex actions will only serve to better your venture’s operations.

Immersive Experience

How people interact with digital trends is rapidly changing. Virtual reality (VR), Augmented reality (AR), and mixed reality have become common. Used with conversational platforms, it conjures a fundamental dynamism that results in the emergence of an immersive experience.

Mixed reality is here to stay. In the coming years, it will be the preferred choice of interaction. It exists alongside smartphones, high-mounted displays, augmented and virtual reality, and many application, system, and software vendors and developers will make a run for it.

As a business owner, the whole point of these digital trends is that you should be competitive and well equipped with the relevant tools in the contemporary business environment.

As the trends change, you should change with them. This places you in a crucial position that will allow your business to get the most out of its outdated technologies and make suitable high-tech investments as you move forward.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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