Technology trends have proven time and again to change the fundamentals of business. In the past few years, organizations across industries have undergone tech transformation. Accordingly, digital evolution is expected to disrupt a few enterprises in 2018 as technology continues to develop at an exponential rate.
Here are five digital technology trends and changes that are likely to redefine businesses in 2018.
Virtual Reality
Soon, virtual reality technologies will transform how we run businesses. Augmented reality technology will shorten the distance between people, experiences, and information. You will now be able to tap expertise from anywhere across the globe through an immersive experience. Immersive experiences are pushing companies across industries and applications to think differently and find new solutions. Several brands have already put immersive experiences technology to work. For example, BMW’s AR-driven model allows people to get inside a car and drive it virtually. That has created an emotional experience that no other brand has ever delivered. Moreover, marketing with immersive experience technology has endless marketing applications.
Data Veracity
Companies now face a new form of vulnerability after transforming themselves to run on data. Businesses are at a risk of using biased, manipulated, and inaccurate data. Such data results in skewed decisions and unreliable business insights. Companies must, therefore, maximize veracity and data cleaning tools and look for ways to minimize data manipulation to address this challenge.
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Optimizing data accuracy is all about verifying the context and truth of the data. For example, you could use dual computers to correct your data. The idea of verification is to make sure the data is current and accurate as possible. Companies are using AI-based tools to verify the authenticity of the data and detect fraud. That will help eliminate duplicate expenses even before they get added to the system. That will increase business efficiency, save time, and reduce numerical errors.
Artificial Intelligence (AI)
As AI’s capabilities continue to grow, its impact on organizations across industries increases accordingly. Companies are looking for ways to capitalize on the potential of artificial intelligence. Artificial intelligence is more than a tool for a business. AI systems will impact our companies as well as our lives. AI systems will enable enterprises to scale operations and use feedback loops from other deployed models to adapt to environmental changes. Artificial intelligence will allow companies to develop systems that are self-responsible and value the end users. Moreover, AI will enable businesses to learn from their mistakes and adapt to the dynamic environments. There are even a few startups investing in developing chips that can be implanted into the human brain, acting as a fusion of artificial intelligence and human intelligence. There are similar Neurohacker Collective ventures with supplements that act on a lower scale with cognitive enhancements.
The Internet of Thinking
Internal business changes will spur the creation of intelligent distributed systems. Businesses are using immersive experience, AI, and robots to bring virtual environments to life. You no longer need to change business systems to turn the virtual environment into reality. All you need is skills and workforce capabilities. Companies across industries are using AI solutions to improve traffic flow and disaster analysis. There is even the development of AI technologies to analyze patient’s conditions through telemedicine. As such, companies need to develop IT infrastructure that is compatible with environments they want to serve. The internet of thinking will help businesses to figure out how they can adapt their thinking and create intelligence distributed systems. It is time companies incentivize their processes and pay attention to these early adopters. That way, they will be able to provide the skills and knowledge needed to fuel this technology trend.
Technology Trends For Efficiency
In today’s digital era, businesses depend on technology for growth. However, companies must redesign their technology-based partnerships to fuel the connected intelligence enterprise technology. Technology-based alliances can allow enterprises to build extensive partner networks more than before. Outdated systems are hindering businesses to grow and innovate. The cornerstone of technology-based partnerships include blockchains, micro-services architecture, and smart contracts. Companies can use these partnerships to evolve well into the future. Micro-services is an approach to design that uses a suite of tools such as discrete services, the cloud, and application programming interface to increase business efficiency. Companies are now offering brands that partner up to foster growth and improve technology performance. Companies are partnering in fields such as telemedicine and robot development to strengthen the ecosystem and bring innovation to life.
The Bottom Line
The rapid technological advancements are creating more intelligent enterprises. As such, there is a need for companies to align their leadership approaches with these tech changes. For companies to keep up with technology trends, they need to establish tighter relationships with their partners and become more embedded in the lives of their customers. Companies are being held to a higher standard as they become more embedded in the lives of their customers.
