Whilst the pandemic certainly pushed technology advancements into the forefront of many organisations’ minds, the aspiration for continued transformation remains high despite a slow return to normality.
In a recent release the IDC, a global market intelligence firm, has predicted that worldwide Digital Transformation technology investment is set to reach at least $7.4 trillion over the next four years alone.Alongside this, it is expected that technology transformation will account for the majority of IT spending. Businesses are expected to no longer prioritise maintaining existing technology but rather look to transformation as technologies continue to evolve.
In order for businesses to keep up with their competitors, they must embrace the latest digital technologies. Through improving internal processes, running more efficient processes and even remodelling their business models the technological evolution is one to grasp.
Through widespread technology, transformation businesses can show customers that they care for their needs, are front runners in their field and even use analytics to make informed business decisions.
Looking at the latest digital and technology insights and predictions from global technology companies and market researchers, this list shows what we expect to see in 2022.
Cloud infrastructures are in no way new technology, however, the adoption of such technology as a preference, continues to rise. Businesses are looking for ways to become more resilient in a post-pandemic world, and using cloud storage meets this goal. For this reason, we expect businesses to focus on migrating existing applications, reliant on on-premises infrastructure, to cloud-based technology.
Also, look out for the growth of the hybrid cloud approach where users look for a mix of public and private clouds. To satisfy both security and data access in a hybrid world, offerings such as AWS Outposts, Google Anthos and Azure Stack look set to make an impact as a technological transformation.
Transforming supply chains is another example of how businesses are looking to improve resilience. Using technology and data analytics businesses can create future proof networks with a focus on local resources and investments. Analytics will play a pivotal role in this area, from determining supplier trends to forecasting and risk management.
Every day we create roughly 2.5 quintillion bytes of data, and that number is growing at an exponential pace. But that data is only as good as the AI systems we use to manage, collate and analyse it for insights.As a result, businesses should be re-evaluating their existing data management strategies. The possibilities of new technology mean that more and more decisions could be made using AI and ML with a reliance on data being properly stored and accessible.
No longer is data solely managed with the objective to help ease human decision-making. Modern technologies, from cloud warehouses toML-powered data analysis tools will continue to grow and with ML able to analyse complex data at a faster rate, this is a tech trend that businesses will be keen to get on board with.
The need for a robust security system is a priority for businesses globally. The zero-trust security model is transforming traditional methods to cybersecurity and it is expected to grow exponentially. Through multiple verification systems and regular breach scanning, minimising security violations will be pivotal to business objectives. To do this best, businesses will look to move away from relying on third party services and suppliers and move to in house security options.
It is expected that most workplaces will take a hybrid approach between working from home and the office. With this approach, the office looks set to become the central hub for employees to meet and collaborate in person. Whilst many employees are enjoying the benefits of a flexible working pattern, many do not wish to lose the human interaction that comes with working in an office environment. Looking forward, businesses are prioritising office layout, video technology and continued collaborative workspaces, both online and in-person, in order to maximise employee productivity.
Whilst it may seem like an interesting choice to add to this list, expect to see the technology industry play a larger part in the overallESG space through 2022 and beyond. Over the next decade, climate and social issues will only further dominate the social narrative and pressure will be on the technology industry to role model behaviours. Expect more and more leading tech firms to make business shifts to prioritise climate and global issues through investments and material changes.
As technology transformations continue, businesses should look to explore these possibilities to stay ahead of their competitors.Specifically, by looking at ways to improve efficiencies as well as meet the changing needs and expectations of their customers.
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