Technology has the potential to revolutionize and reinvent how we do business in an increasingly connected world. As we look ahead and prepare for a post-pandemic future, we believe that the latest technological trends will help us address some of our most pressing business challenges — and build a more equitable, resilient society.
Based on our industry insights and conversations with clients and colleagues, we believe the following are the top ten tech trends that will shape the year ahead:
Industry clouds: Tailored platforms are the next big thing.
Industry clouds are cloud and data platforms that are customized for different markets. They are the first stage in the process of hyper scalers, moving from a generic technology operation to a more tailored platform that provides both factors of macro-and micro-applications, and also information management, with one hand. Further than Service platform (PaaS) or SaaS, sector clouds vertically integrate industry business solutions, enterprise resource planning, customer relationship management, workflows, as well as support products.
Business practices shift from physical to virtual real estate in the virtual world.
Forward-thinking businesses are already creating metaverse openings — virtual universes in which people interact with each other and their surroundings such as through holograms. A few even allow their citizens to own virtual assets on the blockchain and openly trade them as non-fungible tokens (NFTs). However, because the concept of the metaverse has only recently gained traction in the mainstream, leaders are frequently unsure how and where to participate with that as well. Whereas many people ignore imagination as a waste of time, it’s important not to dismiss it entirely.
Top challenges in cybersecurity include threat actors operating in the gaps and software assurance.
COVID-19 has prompted organizations to release technology as quickly as possible, but cybersecurity threats are evolving at an even faster rate. Organizations cannot afford to take shortcuts or “set it and forget it.” The days of lone, unsophisticated hobby hackers in hoodies are over; now, businesses and governments face organized “industrialists” who provide “hacking as a service,” complete with dedicated teams, rate cards, and support hotlines. We’re not following the same rules, and it’s like playing a game with only three players. Organizations must become as comfortable with cyber risks as they are with market risks.
Low-code/no-code: Cultural transformation must follow technological progress.
Now that this technology is widely available and its benefits have been demonstrated, businesses must make the necessary cultural transformation. However, shifting from a top-down to a bottom-up strategy is easier said than done. The democratization of technology alters the nature of your company. Established hierarchies are changing as the balance changes toward increased agility and cross-functional collaboration. The business and IT departments must work more closely together. While the C-suite must become more comfortable translating business expectations into digital requirements, IT executives must demonstrate that their agenda produces measurable business outcomes. To capitalize on the possibilities of low-code/no-code technologies, organizational and cultural changes must now keep pace with technological improvements.
Attracting hot skills necessitates clear career routes.
The demand for tech skills is outstripping the available supply. Attracting and maintaining digital specialists is so critical. Businesses must think beyond remuneration as the sole motivator. Those with hot skills are now motivated by an organization’s culture (such as people, flexible working, diversity & inclusion, and equity), ESG strategy, investments in innovation and new digital technologies, training opportunities, and mobility — all of which reflect modern digital workplace expectations.
Hyperscalers: Cloud concentration winners poised to dominate the software and IT services markets
Hyperscale cloud providers provide cloud infrastructure, cloud platforms, and Software as a Service (SaaS) in conjunction with in-house business solutions to allow comprehensive cloud-based IT strategies and cloud-native solutions. In the future, we anticipate that companies that possess cloud infrastructure and platforms will also own the client’s data strategy and the majority of the future IT application ecosystem. They will most likely deliver low-barrier business software services, as well as foundational services for major industry themes such as environmental, social, and governance (ESG).
Near-term uses of quantum computing promise to optimize complicated processes.
While quantum computers are still at least a decade away from widespread use, we’re seeing technologies emerge in the market that harnesses quantum principles — and have the potential to make a huge impact on computing power-intensive sectors. One example is assisting with optimization issues, which are frequently difficult to address using standard approaches. Using quantum physics ideas, current optimization methods are being redesigned – and accelerated. Because they demand highly scalable processing capacity, the financial services, biotech, and pharmaceutical industries might profit the most from quantum computing. KPMG has opened a quantum technology cluster to investigate applications in three primary areas: ultra-precise measurements utilizing quantum sensors, computing speed-up on quantum computers, and enhancements.
AI: Adoption at scale is driven by effective governance and tools.
The advantages of employing Machine learning and artificial intelligence at scale are apparent, but so are the obstacles. Certain algorithms can perpetuate prejudices and violate privacy, while technology such as face detection can be discriminating. A fundamental problem is incorporating trust and openness into the calculation such that together we can harness AI in novel ways. As a result, there are minimal requirements or restrictions in this area. Furthermore, the cost and effort required to provide valid proof for Ai technologies can indeed be exorbitant, and organizations have been hesitant to use AI at scale — till now. AI Is widely use in web development specially in Top Food Ordering App Development Company.
ESG: Data is becoming increasingly important in modeling scenarios and measuring progress.
Meeting these expectations allows organizations to enter new areas while preserving their current market share. On the other hand, it necessitates firms to evaluate and assess their whole supply chain.
Working hybrid: Having a decision within a digital enterprise boosts productivity and well-being.
Employee perceptions have shifted. People have been following technology before the epidemic. Increasingly, technology surrounds people where they want to work and whenever they want to work. To various people, mixed employment means something different. It does not necessarily imply equal time spent at work and at home; rather, it implies flexibility in the work-life balance that people select for themselves.