We are witnessing a massive digital transformation worldwide. Technology is accelerating innovations, agility and business development. Businesses are redefining their operations by incorporating types of technologies such as AI, blockchain and machine learning. The Kovid-19 epidemic prompted rapid digitization and automation that allowed businesses to be flexible even in times of crisis.
Many enterprises have embraced disruptive technology and changed their business models to keep up with the changing pace.
The impact created by the epidemic will not fade away and digital change is here to stay. If companies do not follow new trends in technology, then it will be difficult to move ahead with the flaw. Let us understand some technology trends so that everyone knows which technology to follow, adopt and carry with them. Advanced technology will continue to work to change our lives and create huge opportunities for industries worldwide. Here are the top 5 technology trends for 2021.
Digital migration will enhance the way of doing business but will also create cyber security challenges. Increasing cybersecurity braces must be addressed with necessary strategies. Cyber security nets are an emerging trend that meets the current needs of cyber security in both real and virtual locations. It provides a decentralized, distributed infrastructure that can build a security boundary around each user or individual inside the network. With cyber security nets, you can increase security at any location that houses your key assets, employees and equipment. This strategy enables centralization of security policies with distributed enforcement norms. The current remote working ecosystem will be a major beneficiary of cyber security nets. This will ensure access to information for the right users and can detect cyber attacks and breaches faster than a base security system.
When we listen to the blockchain, the first word that comes to our mind is bitcoin-like cryptocurrency. Yes, they provide a platform for decentralized storage and transaction of digital currencies. But they also enable different areas in storage and transactions by eliminating centralized control and third-party interference. Blockchain can be leveraged by healthcare, fintech, retail, e-commerce and other fast-growing industries. Distributed finance is an upcoming development in the banking sector that is inspired by blockchain. This ensures transparency in digital transactions without compromising security. Creating a traceable and transparent supply chain is another important role of blockchain in the industry world.
Cloud-based solutions are enhancing business efficiency by providing data access and scalability from anywhere at any time. Hybrid clouds can enhance the experience by combining both public, private cloud platforms and on-premise proprietary systems. In 2021 we will see a spike in the shift towards hybrid clouds. The ability of hybrid clouds to streamline data sharing and secure it in private and on-premise infrastructure will streamline business operations.
The increasing amount of data demands efficient and smooth computing technologies. Cloud computing is a popular system for data analysis and process. However, companies are now slowly moving towards the edge movement. 1 Edge computing is a trend of current technology that ensures low latency, high-speed data processing. With the edge, computation may exist closer to data storage systems that will enhance the functioning of applications. The high bandwidth cost of cloud platforms can be a driving force towards the adoption of edge computing.
Artificial intelligence is never outdated and it is constantly evolving to achieve various capabilities. The coming years will see the growth of AI in ensuring better business predictions, sentiment analysis, and industrial automation. Automation has become a necessity in most organizations. With AI, it becomes easy to understand the trends and behavior of customers. The future of AI is bright given our increasing dependence on it. The growth in the AI market will open up new avenues for technological innovations as well as increase employment opportunities in various sectors. AI has fueled many industries, especially healthcare and pharma, during the epidemic. Since witnessing the revolutionary events in AI in the coming years, discussions have been going on on ethical AI, green AI, emotional AI, and many more areas.