The year 2022 will be full of great tech promises. This is the year of “rush to finish and wait.”
As many businesses have adapted to remote working over the past two years, it might be a good time to take stock and consider what the next twelve months may hold. Flexibility is here to stay – there’s no way back to the old ways. It comes with many challenges, but the industry is ready. After all, we have the technology to tackle these new demands and support much better business outcomes.
Let’s take a look at the tech trends that will impact the businesses which we all need to be aware of.
Artificial Intelligence (AI)
Machine learning (ML) and artificial intelligence (AI) are gaining popularity in various sectors. We are witnessing increasing adoption in use cases ranging from automating routine operational tasks to augmenting strategic planning. The AI market expects to increase at an 18.8% annual pace in 2022, putting it on course to surpass $500 billion by 2024. Among the three technological groups, AI Software accounted for 88 percent of the total AI market. However, in terms of growth, AI Hardware is expected to expand the quickest over several years.
Businesses can build balanced and productive relationships between their employees and AI. This will help them gain maximum value from developing technologies while staying conscious of the possible ethical consequences. They better understand the various strengths and limits of humans and machines.
It would help if you kept an eye on these trends – federated learning, privacy-respecting computation, AutoML, and quantum machine learning in the distant future.
Developing the human-machine experience
Traditional technologies are extending with the growing use of gesture and voice interaction. Along with that, the real-world scenarios are also being explored using digital twin simulations that assist users and model results. By moving forward inexorably toward the Metaverse, businesses will be able to take advantage of new opportunities. It may bring both the physical and digital worlds together.
The growth of interactions will also have an impact on the bottom line. The worldwide metaverse market is predicted to expand at a rate of more than 40% each year, reaching $800 billion by 2028.
Although Facebook’s parent company Meta made a big splash with its entry in Metaverse – a virtual space where people can hang out in virtual reality. The other tech giants will soon follow suit as they look to get their hands on the Metaverse.
It would help if you watched out for technologies like brain-computer interfaces, affective, emotional computing, retinal projection, and metaverses soon.
The third trend highlights the importance of platform development as a core business strategy. Research shows that this area is “perfect with uncertainty” because even the concepts of “platform” or “platform access” can be difficult to define.
When establishing a platform, it’s critical to include business value and specify precisely what sort of value you’re attempting to produce and how it will be assessed. This is to ensure that all key stakeholders understand and share these goals. Any ambiguities in platform development will have an impact on performance and annoy people who approve such initiatives. We predict a shift from platform-to-platform manufacturing to target-centric, laser-centric platforms.
Businesses can be confident that their platform investments will allow them to embrace innovation and deliver financial, operational, or other economic advantages. First, by analyzing the underlying platform paths, then agreeing on what they’re explicitly developing and how it contributes to their overall strategy.
Fog computing, machine-to-machine collaboration, trust ecosystems, and private IoT PaaS are a few of the technologies to watch in this space.
Influence of hostile technology expanding
‘Hostile’ technology is most commonly linked with illegal actions such as ransomware, getting into a system to steal data, or developing computer viruses — but this is not the complete story. The situation is changing so that the concept of hostile technology should expand to include legal, even broadly accepted, behaviors that endanger social well-being.
Protection against purposeful hacking and malware is becoming increasingly critical as data breaches reach historic levels. Businesses must invest in safeguarding a wider variety of touchpoints against well-funded and well-organized attackers. However, other aspects of hostile technology must be addressed when the threat level grows. We think that respecting consumer preferences, avoiding invasive and self-serving targeting, and weeding out prejudice within algorithmic systems and data sets is not only ethical but also conducive to trust, favorable public views, and, ultimately, the health of the business.
There are several trends to watch in this space, including privacy-respecting computation, differential privacy, privacy-aware communications, quantum machine learning, and the Metaverse.
Making sustainable choices is becoming more common among consumers, and companies are adopting aspects of sustainability directly into their commercial plans. Technology is a significant contributor to climate change. Most tech firms are attempting to address this by constructing energy-efficient data warehouses, implementing renewable energy sources, assessing their vendors and supply chains, or developing applications that consume less energy in their creation and ongoing operation. Technology can also help make our daily life more sustainable, for instance – by assisting smart cities in optimizing traffic to minimize pollution. The transition to a more sustainable world is quickening, and this movement has far-reaching commercial ramifications.
Sustainability should be seen as a contributor to corporate objectives and not just a compliance issue. Understanding and investing in sustainability via supply chain analysis, modeling, alongside selection, can enhance a company’s profitability with more efficient methods. It’s a win-win for the company’s bottom line.
In this trend, you should look at technologies such as circular economies, blockchains for sustainability, green software engineering, and, in the distant future, and data storage.
As the market continues to evolve, businesses must learn best practices to adopt the latest industry trends. And organizations have been shown to boost productivity, reduce expenses, as well as improve customer experience by implementing ITIL’s best practices.
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