Written by: RWFM
Last updated on: 22 Oct 2019
Gartner has released a report detailing the Top 10 Strategic Technology Trends for 2019. The report looks at the latest technologies that will impact businesses this year.
As knowledge is advancing, new technologies can have a significant effect on your business. It’s important to understand these changes and whether they provide opportunities or threats to your business.
Here’s a summary of Gartner’s top 10 technological trends and how they impact your business:
1. Autonomous Things
Autonomous things are devices or systems that use artificial intelligence to automate processes usually performed by humans. They move beyond automation and use behavioural insights to produce human-like actions that integrate with our environment.
Gartner predicts that as communication becomes multifaceted, we will adopt virtual assistants and independent agents to share information. The use of natural language allows autonomous things to adapt to different locations and businesses. Expanding this, Gartner predicts that autonomous things will collaborate to share information and optimise task operation.
In the next few years, your business could be using autonomous things for the daily execution of your operations. These devices will help to maximise your information sharing and speed of task completion.
2. Augmented Analytics
We use analytics on a daily basis across all industries and platforms to gather detailed performance insights. We use this data to make changes and improvements to our systems. Augmented analytics involves the use of automated machine learning to change how analytics is produced.
Using new algorithms, augmented analytics produces more hypotheses and identifies patterns within data. These insights will be useful to not only analysts, but to all employees in your business. Gartner predicts that over 40% of data tasks will be automated; helping to increase productivity and use by non-data scientists.
Augmented analytics can be adopted by any business and implemented within your digital strategy. You can integrate augmented analytics with your existing technology to produce advanced analysis that improves your business’ function.
3. AI-Driven Development
AI-driven development is the progression of technologies that embed AI (artificial intelligence) skills into applications. The development of this trend allows developers to use AI algorithms and models to enhance your solutions.
These services are provided as pretrained models or require a small data set for completion. This reduces the impact of inefficient software and improves developer’s productivity. These AI systems are complex and competition from data service providers is fierce.
Gartner predicts that by 2022, 40% of development projects will utilise AI-driven developers. Due to this expected demand, it’s likely that custom models will be standardised so they can be used across a range of businesses, industries and platforms.
4. Digital Twins
A digital twin is a digitised system of a physical object. The digital twin mimics a real-world system and can work with other twins to form a view of many entities. While this technology is not new, there are some advancements that make digital twins more useful now.
This trend is particularly relevant for facilities management. Digital twins of assets can improve the efficiency and productivity of your systems. Being linked to the physical object, means the system can react to changes and improve performance.
Gartner predicts that by 2020, there will be digital twins for billions of assets. By 2021, half of industrial companies will install digital twins into their operations to improve the effectiveness of their business.
5. Empowered Edge
Edge computing involves placing information and content closer to its sources and distributors. It helps to keep traffic and processing local to reduce the difficulty of managing separated endpoints.
By 2028, Gartner predicts an increase in implementation of sensor, storage and compute within edge devices. Edge devices include anything from sensors, appliances, speakers, mobile phones and autonomous vehicles.
Edge devices require the connection of IoT and digital twin technology. 5G is a component of this to ensure information is transferred from or to the edge. Gartner expects most communication service providers to roll out 5G network commercially. Your business should identify cases in which 5G is needed for edge computing needs. For example high-end performance and low latency.
6. Immersive Experience
By 2028, Gartner predicts that the user experience will transform how users perceive and interact digitally. Virtual reality, augmented reality and mixed reality change the way we perceive digitally. While conversational platforms change how we interact.
The frustration of making computers understand what we want them to perform will transfer to the device itself. The computer will communicate with users to improve the delivery of information. Gartner believes that this shift will create opportunities for your business digitally.
However, the advancement of immersive user experiences requires increased privacy due to consent. Devices that are continuously gathering information must be treated with caution. Gartner further predicts that the user experience will transform to become multichannel and multisensory. Coordinating across all devices and senses.
Blockchain is a form of distributed ledger that allows you to trace any transaction throughout its history. We tend to rely on banks and governments as authorities with the truth in their databases. Blockchain is an alternative model that removes the need for these authorities.
Blockchain applies to all services including healthcare, manufacturing and supply chain. It enables trust and transparency. Blockchain solutions allow you to improve your business’ efficiency through automation and record keeping.
Gartner predicts that by 2030, Blockchain will create $3.1 trillion in business value. As Blockchain is underdeveloped, you must be cautious if implementing it within your business. Develop a deep understanding of whether it fits your business model before exploring Blockchain.
8. Smart Spaces
A smart space is an environment where humans and technological systems integrate to create a dynamic ecosystem. Like RWFM, other businesses understand the importance of intelligent buildings and workplaces. Having automated systems that produce analytics allows us to optimise our productivity and efficiency.
Smart spaces can integrate all technology mentioned in this article to develop a system of solutions. As technology advances, their capabilities to coordinate and connect increases. They now share data, function interdependently and help the user experience.
Smart spaces are ever changing and require a long-term strategy to ensure the latest technologies are integrated. This creates a bespoke solution for your business that is flexible, intelligent and adaptable.
9. Digital Ethics and Privacy
Advancements in technology means users are demanding control over their personal information. They want businesses to be transparent with data storage and sharing to ensure it is not misused. If these concerns are not addressed by your business, it’s likely you will lose custom and damage your reputation.
The impact of GDPR (General Data Protection Regulation) means businesses have redefined their privacy policies. Similar regulations are being implemented across the world to ensure all businesses are meeting privacy requirements.
10. Quantum Computing
According to Gartner, quantum computing (QC) is non-classical computing in which subatomic particles represent information as elements of quantum bits. Quantum computing searches masses of information simultaneously that is too complex for traditional computers.
Gartner suggest that industries including financial, pharmaceuticals and automotive will mostly benefit from quantum computing. The potential for QC is unknown, with opportunities and threats to businesses and security still emerging.
In 2022, if your business requires supercomputers, you should proceed with caution. Predicted to advance further in 2028, quantum computing is likely to benefit businesses who wait for it to mature before applying to their industry.
To understand if the latest technological solutions fit your business, contact us for a consultation.
Want to know more about each technology trend? Click here to read Gartner’s full report.
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