In the era where data is considered as the new oil, talking about just a handful of new technologies doesn’t do justice. So, here we are with another set of emerging technologies that will be an area of interest for many researchers, businesses, & technology enthusiasts.
In part I, we had talked about 6 of the emerging technologies for the year 2022. Continuing the trend, let find out another set of technologies that will supersede the technology market.
1. Privacy-enhancing Computation
No matter what, data security will always be the top concern for every company. But as companies are looking to take data security as a priority, users are becoming skeptical in sharing the data. Their concern also involves the amount of data they should share with the company.
Privacy-enhancing computation solves the problem of securing personal data in an untrusted environment. Businesses can consume data without compromising confidentiality. It is a superset of privacy-protection technologies that allow data extraction while meeting data security compliance. Organizations can infer the actionable insights without sharing personal data with third parties. It helps security to expand their borders as well as the level of anonymity.
2. Composable Applications
The term composable signifies the inter-relationships of the components. Earlier only systems used to be highly composable but now it is true for applications too. Composable applications are created from business-centric modular components.
The prime reason for this is the ever-changing needs of the business and the need for quick innovation delivery. Customers are looking for a more contextualized and personalized application experience. So, to adapt applications dynamically and to respond to rapid business change, companies must turn to composable applications.
Composable applications are made from parts or blocks of applications. They are fine-tuned to deliver functionality better than the sum of individual modules.
3. Distributed Enterprise
Distributed enterprises depict a digital-first approach. Propelled by the huge growth in remote and hybrid working, the distributed enterprise will improve employee experience, digitalize customers and partner touchpoints, and expand product experiences.
Every industry is looking forward to reorganizing its delivery model to leverage the distributed network. Gartner predicts that 75% of the organizations will make 25% faster revenue growth exploiting the benefits of the distributed enterprise.
4. Total Experience (TX)
Implementing the total experience will help IT companies in achieving enhanced customer experience and improved employee productivity. Total Experience unites customer experience (CX), user experience (UX), employee experience (EX), and multi-experience (MX) across multiple interaction points to accelerate growth. It helps companies create a superior interconnected experience for the customers and employees. By incorporating experiences, businesses will obtain better outcomes, revenue, and profits.
5. Autonomic Systems
Autonomic systems help companies to modify their algorithm to adapt to new conditions without any external software update. These self-managed systems can learn new tasks, provide quick responses, and optimize behaviour in a complex environment.
It uses multiple technologies and is generally used in the complex security environment and is expected to become common in an environment that includes physical systems such as drones, robots, and smart spaces.
6. Generative AI
It is one of the most promising developments in AI in recent years. It refers to a program that uses existing content like videos, audio, and pictures to generate new content similar to the original content.
Generative AI uses machine learning algorithms to discover underlying patterns of the content from the data. It uses these patterns to generate new content which is similar and original. It could be used in fields ranging from medical to product creation.
These technology trends give us a holistic view of the emerging technologies in different segments of the businesses ranging from security to experiential learning. Concluding the article, we looked at the recent changes which were accelerated by the pandemic and massive disruption in terms of the need for innovation it brought.
Have you not checked our preceding article? Check it out here.
And do let us know which technologies you find interesting for your organisation at contact.us@virtuetechinc.com.
