In today’s dynamically changing world, technology can only bring a revolutionary change and can even support the inevitable situation, for instance, looking forward to a post-pandemic situation. Through this blog, we are going to reveal the 10 biggest technology trends to reinvent your business capabilities, support your growing processes, and uplift your business model with improved revenue outcomes and reduced operational costs.
If we consider the recent 2-years of the market situation due to covid-19, the market scenario has changed. Let’s understand how these emerging yet strategic technology trends can help businesses to find their path, support their growing business model, and enlarge their global capabilities with high-end data security and potential reliability.
Now, it’s time to unwrap the top Tech Trends 2022 while covering all the potential aspects and opportunities for modern businesses.
Top Tech Trends 2022 and Beyond
Business Intelligence is one of the topmost technology trends that is being leveraged by most enterprises these days. To drive advanced business intelligence, several tools are available in the market to drive business intelligence practices including advanced reporting, data mining, predictive analysis, ensuring secured transactions, and even gaining device performance notifications in real-time when integrated with IoT solutions.
Leveraging business intelligence has become a necessity for modern enterprises today to analyze data, predict process results, forecast operations, identify specific customer needs, and make informed decisions.
AI (Artificial Intelligence)
In the past few years, AI-based business intelligence has emerged as an essential need for every scale of businesses to discover hidden insights leveraging past data to ensure productive analysis, gain real-time reports, and make informed decisions in real-time when combined with cloud solutions.
Initially, AI is used to consider speech recognition, virtual or Chatbot assistance, or to ensure improved navigational experience. With time, AI emerged to gain in-depth business insights, data gathering, and more. According to the research report of Marketsandmarkets, the AI market share is anticipated to match $190 billion by the end of 2025.
Edge Computing is referred to as distributed computing that helps to improve data-driven efficiency by bringing computation data and data storage closure to the involved source data. Edge computing can help you to improve your speed while reducing latency.
When it comes to user adaption, Edge Computing is ensuring its gradual contribution. Global market leaders like Microsoft Azure, Amazon Web Services, and Google Cloud are taking advantage while serving one step ahead solution i.e., Edge Computing.
Enterprises are leveraging Edge computing to ensure seamless data processing even in case of low connectivity. Making effective use of this one of the emerging technology trends, you securely process time-dominating data even from the distance. Further, Edge computing is also reserving market opportunities for IoT (Internet of Things).
Another suitable name that reserves its place on the list of strategic technology trends is Industrial Cloud, which is used to streamline data, operational efficiency, faster the production line, and more in real-time. Nowadays, medium to large scale organizations are leveraging Industrial cloud rather than just a SaaS-based solution as Industrial cloud can be customized and configured according to your specific industrial needs.
Businesses are availing of industry-specific cloud environments to ensure real-time process optimization as well as to control, manage, and drive their operational effectiveness. Cloud industry solution helps businesses to drive agile practices while reducing IT costs, system downtime, and other IT environment costs.
When it comes to rolling your eyes on leading global cloud vendors, few names come ahead such as Microsoft Azure, Google Cloud Platform, and Amazon Web Services. Enterprises seeking to drive secured data-driven practices can ensure seamless integration with their existing ERP, CRM, or business solution.
Internet of Things
Internet of Things is the next one of the booming technology trends designed to connect devices, exchange data, and optimize devices performance to prevent system downtime, save maintenance costs, and secure your data-driven strategies. With the help of IoT, you can ensure highly secure and protected data distribution across the global market space.
By the end of 2022, the global market investment in IoT is expected to reach $1.1 trillion as per Statista.
For businesses, there could be several compelling reasons to integrate IoT, for instance, gaining data analytics, driving process automation, ensuring predictive maintenance, and preventing last-moment system downtime. IoT can help businesses to monitor their device performance, send & retrieve data, and ensure secure connectivity between devices and valuable data to drive productive and profitable results.
Virtual Reality and Augmented Reality
Virtual Reality and Augmented Reality are the next-generation technology solutions that are emerging in almost all industries to serve improved, engaging, and intuitive user experience. These technologies can be leveraged either independently or can be combined to serve integrated experience which is technically known as Mixed Reality.
Virtual Reality is used to provide and ensure real-world user experience which is created and exhibited as a computer-generated environment. When it comes to Augmented Reality, enterprises can make effective use of AR to demonstrate real-world objects using digital visual experience to ensure serving improved customer experience even from remote locations.
As per one of the market researchers, AR and VR market may reach $209.2 billion by the end of 2022.
Metaverse is another trending name ensuring its contribution to the list of tech trends 2022. Metaverse is used to ensure a user-engaging, intuitive, and interactive experience. It can be leveraged to enable your users for 3D virtual world experience focusing social connections as digital avatars which are facilitated by Mixed reality.
Industries involved in entertaining services or serving B2C are taking recourse of Metaverse to deliver an optimum level of user experience. Metaverse is becoming popular among the gaming industry as well to serve Metaverse gaming experience comprising including MSFT HoloLens, Epic Games, Play station’s VR helmets, and more.
Robotic Process Automation
When enterprises anticipate more than AI and Machine Learning, Robotic Process Automation (RPA) is the term that reserves its extensive contribution to the automation industry. RPA is leveraged by modern enterprises to automate the business processes, automatically manage assigned repetitive tasks, and interpret the business applications.
RPA can be implemented and configured to automatically receive invoices, extract the data, and ensure backend tasks are being performed successfully all through automation. RPA empowers enterprises to increase their speed, ensure quality practices, and drive a highly consistent approach while minimizing investment costs and improving the production line.
RPA also serves improved data security and prevents your sensitive data from unauthorized access. For instance, financial services providers can gain and drive highly secured data models with the help of Robotic Process Automation.
Quantum Computing is the next breakthrough trending technology spreading its legs in the global market to leverage quantum phenomena such as superposition and quantum entanglement. This technology trend is emerging globally with its highly integrated capability of monitoring, analyzing, and applying the query to retrieve required results.
It simplifies the way of predicting, monitoring, and controlling the data comprising privacy or sensitive values. Enterprises can seamlessly forecast circumstances and can even detect fraud. It can also be leveraged by the stock and trading industry to securely manage and control the high frequency of data transition. As per the market report shared by Statista, the global quantum computing market is expected to cover $2.5 billion by 2029.
Next Generation End-Point Detection and Response (EDR)
One of the next technology trends that proudly takes part in this list is Next-Generation EDR (End-Point Detection and Response). EDR provides primary cyber security solutions to enterprises that deal in sensitive data or are concerned about their data security. With the help of EDR when integrated with AI and ML, businesses can ensure high-end data security and maximize their visibility into threat detection while ensuring faster response time.
By comprising emerging technologies such as AI, ML, and behavioral monitoring, this Next-Generation EDR solution enables spot threat detection as well as ensures prompt response to unauthorized attacks. It also serves improved visibility into various types of Cyber-attacks.
Since growing businesses cannot deny the rising adoption of trending technologies to survive, sustain, and gain competitive advantage. These technology trends in 2022 can truly help to support and uplift modern enterprises to enlarge high with global scalability.