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Anticipated Events Ahead: A Look at 2020's Foreshadowed Forecasts - Part 1
*Predicting the Tech Landscape in 2020: A Snapshot of the Next Big Waves*
By Anastasia Borodinets
Although we haven't quite made it to the flying cars or self-lacing shoes, technology's march ahead hasn't slowed down one bit. The dawn of cashless payments, smart wearables, 3D-printed prosthetics, and lightning-fast movie downloads hint at the breathtaking pace of technological advancement. So, what's next for the Year of the Rat? Adaptability emerged as the key theme in 2020, with value-driven consumers, recession fears, and global uncertainties fuelling the need for flexibility.
Pioneering the Digital Frontier
The deluge of information and communications technology investment is pointing its arrows straight at digital transformation and innovation. With more than half of spending aimed at these areas by 2023, businesses are scrambling to create a long-term digital transformation blueprint and zero in on critical success factors to stay competitive.
Mapping the Automation Strategy
Automation isn't new, but it's fair to say that for some industries, there's been a lack of strategic overview. The result? Overlapping tools and bloated processes, which undermine the scalability of businesses. It's predicted that by 2025, automation spend will convert into investing in industry-wide automation strategies.
Enter hyperautomatization, which brings together machine learning, software, and automation tools for an all-inclusive automated workforce. With hyperautomation in focus, managing and coordinating automated functions becomes essential.
But automation isn't all doom and gloom. While it's predicted that over a million jobs will be replaced by robots, others will flourish, such as roles requiring intuition, empathy, physical dexterity, and adaptability. Sadly, not all companies are preparing their employees for the evolving job market, which could spell trouble.
Preparing for the Information Age
As AI and machine learning gain popularity, managing the digital information tidal wave becomes paramount for businesses. By 2022, it's expected that companies will ditch traditional servers for edge computing, necessitating a fresh approach to data security.
Keeping IT Infrastructures Agile
In a digital-first economy, agility is key. Business leaders should anticipate potential hurdles to ensure their IT infrastructure can evolve, particularly as they transition to hybrid infrastructures.
Two significant areas to focus on are:
- Hybrid digital infrastructure management
- Putting trust in disaster recovery
The former guarantees efficient HDIM, while the latter safeguards organizations from the vulnerabilities of traditional recovery plans that don't cater to new hybrid IT infrastructures.
Industrial-Strength Apps
By 2025, companies are poised to become software manufacturers, with the majority of their applications moving to the cloud. It's estimated that there will be 1.6 times more software developers compared to the current number, making them pivotal players in steering economic growth.
The rise of cloud-based applications has far-reaching implications, with new minimum competitive requirements emerging across industries. Companies must stay informed about their industry's digital transformation landscape, embed the concept of a digital innovation factory into their core product planning, and mobilize their teams to drive deployment.
The Sky's the Limit: Cloud Computing's New Horizon
To maintain a competitive edge, digital services need to be accessible everywhere and at any time. The distributed cloud approach, which spreads cloud services across various locations, looks like the future of cloud computing, enabling businesses to place public cloud services where they need them the most.
By 2022, 70% of enterprises are expected to deploy unified hybrid/multicloud management technologies, provided the support teams understand the delivery model. To prepare for this shift, prioritizing SaaS-based management and governance offerings, identifying relevant business KPIs, and revamping the entire IT infrastructure for a digital-first paradigm are crucial steps.
Scale Up DevOps with Agility
While some businesses are reluctant to adopt shared self-service platforms, 2020 could serve as a reality check for their lack of scalability. Embracing a shared platform will unlock the full potential of digital tools, driving productivity and growth.
With Power Comes Responsibility: The Rise of Edge Computing
Remote work and digital tools have expanded the concept of digital reach. The next step is extending cloud infrastructure, data, applications, and management beyond traditional locations, a process called edge computing. By 2023, over 50% of corporate infrastructure could be moved to the edge, increasing to 800% in applications with edge computing by 2024. Preparing for this shift may involve upgrading IT infrastructure and seeking new data center partners.
Blockchain on the Brink of Practicality
Blockchain technology holds the promise of transforming various industries, making relationships more secure, transparent, and efficient. With the potential to streamline procedures, lower costs, and optimize cash flows, the blockchain is an exciting prospect for businesses. Despite technical challenges such as scalability and compatibility, it's essential for organizations to evaluate blockchain's benefits, even if aggressive implementation isn't imminent.
That wraps up our predictions for the Year of the Rat. Stay tuned for our upcoming article delving deeper into the trends we've outlined.
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Contacts
- As digital transformation and innovation continue to dominate investment, smartphones, wearables, and smart-home-devices will play a significant role in consumers' lives, offering hassle-free experiences and seamless integration of data-and-cloud-computing.
- In the information age, artificial-intelligence and machine learning will generate vast amounts of data, necessitating robust cybersecurity measures to protect sensitive information.
- With the rise of cloud computing, industries will experience a transformation as gadgets and technology become more interconnected, enabling real-time data collaboration and processing via distributed cloud approaches.
- Hyperautomation, which combines machine learning, software, and automation tools, will become crucial for businesses to develop an all-inclusive automated workforce, enhancing efficiency and productivity.
- Edge computing, set to make up over 80% of applications by 2024, will extend cloud infrastructure beyond traditional locations, allowing businesses to operate efficiently in diverse geographical settings and cater to adaptable customer needs.
