As enterprises in every industry sector look to technology to facilitate their own transformations, the opportunities for technologists with business savvy have broadened considerably.
What business technologists are watching:
- 5G – beyond speed improvement, this tech is expected to unleash an IoT (Internet of Things) ecosystem where networks can serve communication needs for billions of connected devices with the right balances between speed, latency and cost.
- XR (Extended Reality) combines AR (Augmented Reality), VR (Virtual Reality) and MR (Mixed Reality) under one umbrella.
- Cognitive technologies such as NLP (Natural Language Processing), speech and pattern recognition are being embedded into software applications, imbuing big data with superior capabilities.
- IoT (Internet of Things) refers to the billions of physical devices that can connect to the internet, collecting and sharing data. For consumers, this means interacting with the global information network without the intermediary of a keyboard or screen; many everyday objects and appliances could take instructions from that network with minimal human intervention. For business, this means even more streamlining and automation in manufacturing and delivery industries.
- AI (Artificial Intelligence) and ML (Machine Learning) are making use of the mounds of data being mined, collected and consolidated.
- RPA (Robotic Process Automation) is the technology that allows anyone today to configure computer software, or a “robot” to emulate and integrate the actions of a human interacting within digital systems to execute a business process.
- Blockchain, the foundation for the digital currency bitcoin, has enormous implications not only for the financial services industry, but for any company that manages a large amount of transaction data.