How will technology play a crucial role in the new normal?

Staying ahead in today's crowded market has become indispensable than ever before. The COVID-19 crisis has prompted businesses to adapt to a novel business model not by choice, but by necessity. Leveraging technology can help them unlock breakthrough innovations. The progression in technology in the last couple of years has changed the world and it will continue to do so in the future. Indeed, emerging technologies like artificial intelligence, cloud computing, blockchain, and data analytics have already impacted people's lives. So, as we are heading towards 2021, what impact such technologies will have on our daily lives and work?

Analytics Insight has accumulated here top technology trends that will redefine businesses in 2021.

The Cloud Revolution

The aggressive move to cloud infrastructures will create massive opportunities for cloud vendors. This will also give the rise to cloud-native applications, significantly yielding cloud provider's revenue and business value. Forrester Research indicates that the global public cloud infrastructure market will reach US$120 at an annual growth rate of 35%, as the cloud continues to take center stage in the recovery from the pandemic.

Internet of Behaviors

According to Gartner, the Internet of Behaviors (IoB) has ethical and societal implications relying on the goals and outcomes of individual uses. It can glean, combine and process data from different sources such as commercial customer data, citizen data processed by public-sector and government agencies, social media, public domain deployments of facial recognition, and location tracking.

AI Engineering

AI engineering makes AI a part of the mainstream DevOps process instead of a set of specialized and isolated projects. Unlike data engineers, AI engineers don't write code to create scalable data pipelines, instead, they excerpt data efficiently from a variety of sources, build and test their machine learning models, and deploy those models using either embedded code or API calls to create AI-infused applications. Investing in an AI engineering strategy will considerably create the performance, scalability, interpretability and reliability of AI models while delivering the full value of AI investments.

Privacy-Enhancing Computation

Privacy-enhancing computation will enable organizations to collaborate on research securely across regions and with competitors without sacrificing confidentiality. This approach is designed specifically for the growing need to share data while maintaining privacy or security. This trend features three technologies that safeguard data while it is being used.

Quantum Computing

The advent of quantum computing is giving computers a multitude of times faster power to perform operations than regular computers. Brands like Splunk, Honeywell, Microsoft, AWS, Google and many others are now involved in making innovations in the field of quantum computing.

Hyperautomation

As recent years have seen incredible growth in hyperautomation, it is a key strategic trend for 2021. The transition to robotic process automation and the increased use of this tech among businesses should drive innovation in the automation space and continue to provide enterprises value through time savings, efficiency gained, and scalability. Hyperautomation is the next level in the field of automation. Rather than referring to one single, out of the box technology or tool, it focuses on adding more intelligence and applying a broader set of tools than traditionally established automation solutions.