Which Statement Is An example Of Technology Trend?

One learning from the pandemic is that the necessity for a replacement construct and mental model for technology. In almost every industry, some kind of technology will become the merchandise or an enabler thereto. People who cannot participate in digital transformation are getting to be left behind.

Never again will it departments be viewed because the folks that only replace aging equipment and install desktop software. Statement of technology trends in business is long run are getting to be adept at deploying custom applications that make companies more productive and improve the customer experience

Shifts in investment

The typical private company’s it department doesn’t have the resources or acumen to deploy third platform technologies like ai, which is dear to implement. The it department of the long run will include higher-caliber, better paid technologists capable of workflow optimization. It spending as a percentage of revenue exceeds 8 percent for all firms but is way lower in commercial and industrial companies (closer to 4 percent).

Digital everywhere

The most evident measure of digital transformation has been accelerated adoption of collaboration software, crm and other software applications that users require on demand on their devices. From sales to ops teams, users need all critical work information on any device at any time. Private companies try to seek out solutions that are more nimble than traditional erp (enterprise resource planning) applications. They’re going to find such utility during a litany of apps that provide reporting in real time.

Robotics and automation

According to mckinsey, robotics and automation adoption dramatically increased during the shutdown, despite widespread delays as a result of covid-19 protocols and shipments from europe, japan and korea being disrupted. In particular, providers sought out technologies that replaced labor. Not only are robots faster, cheaper and more accurate — they also don’t get sick. The first industrial robots were intended to exchange functions that were too costly or dangerous to be completed by humans. A replacement wave of “coots” is intended to collaborate with humans

Click and mortar

Among the companies investing the foremost are retailers during a race to deploy omnichannel strategies. Eighty-five percent of outlets expect to spend more on technology in 2020 — quite the opposite sector.

With ecommerce revenue up over 30 percent this year, retailers are scrambling to reinforce their technology infrastructure. They have also had to adapt to new consumer needs like curbside pickup, which surged quite 200 percent in april. Self-serve kiosks that enable omnichannel transactions will become the norm.

Extended reality (xr) – virtual and augmented reality (vr/mr)

Reality tools are making their way into sectors like education and healthcare. The pandemic has escalated remote surgeries and other healthcare applications which can even include self-serve options. Today, technology exists for a patient to possess an eye fixed fixed exam through high resolution cameras then be prompted to a series of eyeglass options supported their prescription. The commercial and industrial applications of xr, vr and mr are endless. Many companies are already using augmented reality in training and customer service.

Ai-enabled engineering and manufacturing

Artificial intelligence won’t only design products, but make decisions about how they’re to be procured and produced. As an example, today’s development of latest drugs relies principally unproved and error, and ai will radically improve the cycle time to bring products to plug. Data and analytics will feed deciding in real time. Intelligent algorithms will improve quality and input. It’s predicted that ai in manufacturing will reduce waste by 50 percent or more in some manufacturing environments.3

Cloud

Cloud computing continues to drive valuation of technology firms. The pandemic spiked demand for public cloud apps and development services. The department of defense awarding a contract to microsoft was the most recent salvo as microsoft and amazon web services battle for web supremacy. Forrester predicts that the cloud infrastructure market will swell by 35 percent in 2021, with alibaba becoming the third largest provider.4 there’s continued movement toward serverless services.

Privacy-based computations

New solutions are emerging that combine three technologies. The first provides a platform for data like bank account records to be exchanged. Then data is decentralized for processing, only for a third technology to then encrypt it for transmission.

Cyber-security

The pandemic was a catalyst for cyber-attacks (up 238 percent in fintech).5 phishing attacks end in about 80 percent of corporate security breaches, with 94 percent of malware being installed via email.

Hackers are also adapting. Because the industry has invested in mitigation techniques, state-sponsored actors are coordinating ransomware attacks, with quite 50 percent involving “hands-on” hackers. Private companies are investing in intranet, firewall, antivirus and malware solutions to stem the tide.

Big data

Another trend amplified by the pandemic was a critical need for dashboards and real-time analytics. Private companies are scrambling to form sure integration and access to the right reporting tools. The rapid adoption of microsoft teams has also moved power bi to the forefront as an easy-to-use, plug-and-play analytics platform. Big data (the ability to tug data from multiple sources) is providing companies the prospect to reinforce key performance indicators (kpis) that are critical in an age of distributed work.

5g

As the u.s. and china remain entangled in rhetoric, it’s hard to imagine the biden administration pulling back on restrictions placed on huawei, variety one provider of 5g technology. Australia, canada, japan and thus the united kingdom have also reversed course, citing security concerns. Nokia and ericsson are alternative global suppliers, but a duopoly is viewed as bad for competition and innovation.6 as u.s. cell carriers and producers like apple introduce a replacement generation of phones, it has been reported that processing speeds and latency improvements are dramatic. 5g will enable other technologies from iot to autonomous vehicles (we cover electric vehicles within the ecological trends post during this series.

Technology and covid-19

The pandemic has permanently altered the trajectory of our businesses and therefore the way we expect about workplace safety. The mashup of these technologies will present solutions to mitigate the spread of covid-19. Technologies today will allow a user to approach their office building and check in online. Their employer’s custom app will indicate whether or not they will enter the building safely. Sensors will take their temperature and log the results. The user’s path is getting to be mapped supported social distance protocols. Ai and machine learning will enable continuous improvement, and deliver a safer office environment.