Technological developments in recent times have become more fast-paced than ever before. Businesses across the globe have to adapt quickly to rapidly evolving trends to remain competitive. It is for this reason that tech spend in 2019 has reached $3,360 billion. If you are in business, you have to stay up-to-date with the latest tech trends. It is the only way for any company to stay afloat amidst the volatility caused by disruptive technology.
Some of the reasons to leverage new tech include cost-saving, providing a better user experience (UX), improve your marketing strategy, compliance, expanding customer reach, among others.
According to a survey by Comp TIA, 50% of tech growth has happened due to disruptive technologies. From AR/VR, SaaS+PaaS, IoT, AI, next-gen security, robotics to big data, your business has to stay ahead of these emerging technologies.
When preparing your business strategy, it is important to factor these new technologies. This guide highlights some crucial disruptive technologies that your organization should keep an eye on in 2020:
Voice technology has been a staple of science films and literature but it is now a reality. Most of the technological innovations in the future will embrace voice to provide a better user experience.
Products in IT will rely heavily on voice software such as Alexa and Siri. From home appliances to automatic cars, the rise of voice technology has just started. It is an emerging technology to watch out for in your industry.
Artificial Intelligence (AI)
Artificial Intelligence (AI) is no longer the stuff of movies. Machines that boast of human intelligence are already in use across industries. It is a technology every business must watch keenly and embrace as trendsetters.
Machine learning is now a key element in the development of smart devices, software, and other IT products. AI is an opportunity and a threat to some industries, and you have to appreciate how it impacts you.
Artificial intelligence (AI) tools will boost productivity, enhance security applications, help in providing a better user experience (UX) and much more.
Internet of Things (IoT)
Internet of Things (IoT) has remained a buzzword for some years now. However, smart businesses have already embraced this concept and actualized it.
Smart home automation, for instance, leverages the interconnection of devices and appliances over the internet. Google’s Home and Amazon’s Alexa is just a few of the devices hinting to the potential in IoT.
Such use will expand as product developers seek to harness the power of integration. Apple, Samsung, and other big tech companies have announced plans to launch devices to compete in the world of IoT.
A recent report predicts there will be over 64B IoT devices worldwide by 2025. It highlights the potential in IoT and your business must prepare to capitalize on this emerging technology.
Robotic Process Automation (RPA)
The idea of robots in the workplace might seem far-fetched but it is already happening. Robotic process automation (RPA) is all about streamlining internal processes to allow technology and employees to work harmoniously.
It entails delegating tedious work operations to software robots for automation. This boosts efficiency, productivity, and saves resources.
Early adopters implementing this disruptive technology have started reporting positive results. A recent survey by Deloitte showed 53% of respondents have invested in the RPA journey and are set to start. Is your business ready for RPA?
In the last few years, 5G technology has remained in the news for many reasons. It is a revolutionary technology that promises to change users’ internet experience. Businesses across the globe have started setting plans to leverage high-speed, low-latency wireless service.
While the roll-out is yet to happen nationally, your business has to carry out extensive research and prepare for the revolution. You have to seek the opportunities and prepare for any threats that come with 5G technology.
There’s going to be a data onslaught and this could pose problems due to recent stringent privacy laws. Your business should prepare for such eventualities. You have to invest heavily in both software and hardware too, for 5G connectivity.
Other disruptive technologies every business should watch include Neuro-Linguistic Programming (NLP) Integration, Block chain, 3D printing, and Virtual/Augmented Reality (VR/AR).
Others are use of Containers and micro services and Data Ops. These are only a few of the emerging technologies that will impact your business in 2020.
Is your business tech-ready? If not, you have to start researching and finding out what disruptive technologies are coming your way. You have to keenly analyze the impact of AI, IoT, RPA, voice and other emerging technologies in your industry. From your research, you can then create a solid strategy and prepare to leverage the innovations. These technologies will give you a competitive edge in the market, improve efficiency, and set your business apart from the crowd, and so much more.