Your company either keeps up or gets left behind. In today’s business climate, adjusting to the latest tech trends is crucial for keeping your company ahead because you never know what’s going to be the next hot thing one week from now.
Technology is an essential part of every online business in existence. Take the major online casinos as an example. For every GGBet bonus code that gets shared out there, there are lots of programmers working behind the scenes making sure everything goes smoothly and doesn’t lag even for a second.
That’s the power of technology, and if you fail to understand it and apply it appropriately, the competition can be unforgiving at times. This is why we have gathered a list of some latest technological areas that you must get under your belt to gain a winning edge over the next 5-10 years.
Artificial Inteligence (AI)
According to Adobe's CMO, over a third of businesses recently stated that they intended to implement AI into their operations.
In the digital age, AI is a potent approach to transforming latent data into actionable for a competitive edge since it is uniquely able to comprehend huge datasets that humans could never hope to.
AI may also aid in improved personalisation for both consumers and staff in addition to data analysis.
Cybersecurity
According to iCIMS research, one of the most difficult roles to fill was security analyst. Speaking of cyber protection, strengthening your company's cybersecurity is crucial — just ask the business titans who recently dealt with data breaches.
According to Security First, a credit processing giant Equifax lost $439 million as a result of the data leak. Any organization that gathers sensitive information from clients or has sensitive info of its own must make sure the network is safe, both now and in the future.
Machine Learning
Machine learning, a branch of artificial intelligence, offers a wide range of useful applications, such as Siri and Alexa, chatbots, and predictive analytics.
Although it may appear futuristic, these applications are widespread and used in many different sectors.
Chatbots, for instance, may lighten the workload of HR professionals by responding to commonly asked inquiries from the front lines, which is only one of their many applicable features.
Cloud Computing
Content distribution, database storage, networking, and a wide range of other services are made possible by cloud computing (just think of Amazon Web Services (AWS), one of the global household brands).
Typically, engineers, cloud architects, or system administrators are in charge of setting up and managing cloud computing. By the end of this year, the public cloud computing industry, according to Gartner, will be worth around $266.4 billion.
Customer Relationship Management (CRM)
Organizations wishing to leverage all of their data related to the customer lifecycle must use customer relationship management (CRM) systems, such as Salesforce.
Salesforce is a ready-made platform, but developers may alter it with apps and tasks tailored to certain businesses.
UI/UX Design
Even if a company uses the greatest technology, if the user experience is subpar, it might not matter. Websites and apps with good user interfaces (UI) are intuitive to use, aesthetically appealing to users, and flow fluidly.
The user experience (UX) is concerned with how customers engage with a product or service. Although mobile design is important, companies adopting other technologies like artificial intelligence (AI) or virtual reality (VR) also need to take UI/UX design into account.
Data Visualization
Although numerous technologies can enable data visualization, the key to making the data visualization meaningful is using the appropriate technical tools.
When done correctly, visualization of information may turn a cumbersome spreadsheet (or a number of disjointed spreadsheets) into a visually appealing, simple graph or chart.
Technology know-how and non-technical abilities like communication and presentation are required for effective data visualization.
Mobile Development
There are already an estimated 3.5 billion smartphone users, and Statista predicts that number will increase to 3.8 billion by 2021 and then continue to rise.
In a world where mobile usage is increasing, it's important to locate clients on applications rather than simply websites.
In order to engage consumers, mobile app development can also incorporate other cutting-edge technology, such as augmented reality.
Blockchain Technology
Developers can use blockchain for identity management, peer-to-peer payment systems, crowdsourcing, or the creation of smart contracts or decentralized apps.
Despite having its roots in the world of cryptocurrencies, blockchain technology distributes its whole database in blocks and enables data sharing but not copying.
More security, decentralization, and transparency are fostered by this distributed ledger. According to Deloitte, Blockchain jumped ten percentage points in a year into the top five strategic goals for enterprises between 2018 and 2019.
Data Science & Analytics
A reported 84% of businesses already have big data projects, demonstrating the prevalence of advanced analytics and big data science.
Choosing the appropriate tools for data analysis and prediction is a crucial step, especially because the C-Suite frequently bases decisions on these insights.
