In the modern era, everything around us is changing constantly. With ever-changing IT landscape, 2019 was no different. The year witnessed many disruptive technologies emerge and make headlines worldwide.Technologies like Artificial Intelligence, Machine Learning, Cloud, Block chain and many more became the brainstorming topics of discussion for boardrooms, whereas 5G was the show stopper the whole year. These technologies will continue to impact businesses in 2020 and will certainly become integral parts of companies’ plans to lead in the future.
Below are the technology trends from industry leaders that are likely to bring significant innovation and growth in 2020 and in the years to come.
The rising need and importance of data have paved a way for many of next generation technologies and data processing tools. New advances in AI & Machine Learning algorithms and decreased cost of computing power have created a new arena where businesses can utilize Augmented Analytics to gain a competitive edge. By expanding traditional business intelligence systems with new actionable insights, automating existing lines of business process, and enhancing existing products with intelligent services, augmented analytics is becoming exciting and disruptive technology with a promising future.
AR & VR technologies
AR & VR provides a fun, unique, and memorable experience for customers and if adopted early, enterprises can stand-out in this race. This visually interactive digital technology serves as catalysts in magnifying businesses’ capabilities for serving the next generation of the connected world. According to Gartner, by 2022, 70% of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25% will have deployed to production. The future of these conversational platforms will incorporate expanded sensory channels that will allow the AR & VR platforms to detect emotions based on facial expressions to become more conversational in interactions.
IT automation examples are everywhere, be it in cars, robots or agriculture. Its reach has been so much widespread that it is now an integral part of any IT operations. With the digitization of processes, autonomous technologies are increasingly helping organizations to streamline the process, reduce costs, minimize resources, and drive profits. With multiple applications in industries such as robotics, automobile, logistics, retail, transport, and more the rise of autonomous things signals an exciting future ahead.
Edge Computing Solutions
With the adoption of data intense technologies and devices, the quantity of data we’re dealing with continues to increase. While processing data, many organizations realize that there are shortfalls such as latency, cost and bandwidth in cloud computing. To help eliminate these drawbacks, companies are moving towards edge computing – an alternative approach to the cloud environment. Edge computing can lower the dependency on the cloud and can simultaneously improve the speed of data processing as a result.
Based on the digital technologies, automation and IoT devices, ‘Smart Space’ is a concept of making an intelligent living and work environment. The spectrum of smart space varies in size from homes, offices, factories, stadiums to cities. According to the recent report by Research and Markets, the smart space market is expected to grow at a CAGR of 18.4% over the forecast period (2019 – 2024). The rapid increase in urbanization coupled with the advent of new technologies like IoT & 5G is expected to augment the growth of the smart space market.”