3 Emerging Tech Trends You Need to Know About
Over the last two years, we've witnessed several tech trends accelerate in response to the new reality that Covid-19 brought forward helping ensure organizations could maintain operational agility and business continuity amidst the unpredictability brought on by the pandemic.
Tech continues to evolve and redefine how we live, work, and engage with the world. It's imperative to keep up with the new and emerging tech trends, or otherwise face being outpaced by rising competition. At the same time, it takes a discerning eye to understand which technologies can actually move the needle at an organizational level and what's best left behind.
2022 is already shaping up to be another fast-paced year dominated by an accelerated need for digital transformation. Here are three emerging tech trends that you need to know about.
Wider Adoption of AI, ML, and Blockchain
Artificial Intelligence, Machine Learning, and Blockchain have been the buzz for a while and have seen accelerated adoption by enterprises across industries, the need being digital transformations and cloud computing. There has been an increasing impact of AI/ML algorithms on our society and our daily lives at large, which is mandating companies to build more secure, and scalable data ecosystems.
The AI and data landscapes are continually evolving, and the consequence of that is visible in the rapidly changing talent market. That said, digital transformation is no longer a ‘nice-to-have’ initiative for organizations but an urgent need. In 2022, with the Great Acceleration in Tech, enterprises seeking AI and data talent need to invest in sustainable and scalable recruiting and retention-focused initiatives to counter the Great Resignation wave. With virtual and hybrid workplaces demanding a sustainable working environment for talent, companies need to ensure that their investment in AI and ML can operationalized to create those vital employee experiences.
The blockchain landscape is also constantly evolving. The industry has been forecast to witness a staggering CAGR of over 69% between 2019 and 2025. In 2022, Blockchain is no longer limited to cryptocurrencies; they are projected to be the foundation of running multiple platforms on Metaverse with NFTs (Non-Fungible Tokens) too. NFTs amongst other digital assets will thereby define ownership on the Metaverse and cryptocurrencies will power the new digital economy.
Evolution of NFTs, Metaverse and Web 3.0
Further speaking of the NFTs and the Metaverse infrastructure, the two are expected to emerge and evolve to power Web 3.0 this year. The Metaverse is already aiding the rise of multi-billion-dollar marketplaces and opportunities. Visa Inc. which entered the Metaverse last year with its first NFT purchase, is looking to invest in exploring the virtual workplace potential of the Metaverse. They also plan on prototyping and testing the technology this year.
The Metaverse, when implemented, is set to change how we live, work, interact virtually. The leading technology companies, including Meta Platforms Inc. and Microsoft Corp., have already been engaging in talent wars to build the hardware that is quintessential for accessing the Metaverse.
Accelerated Experimentation in Quantum Computing
It is not just the Metaverse that the technology leaders are working on POCs for. Quantum Computing has also been the focus of tech enterprises who are building teams and investing in proof-of-concept use-cases, learning how to take advantage of quantum computing to gain a competitive edge in the market.
According to a Mckinsey report, 2021 saw a two-fold growth year-over-year in venture capital investment in Quantum Computing start-ups surpassing the $1.7B mark.
Over the past couple of years, increased research and development in newer quantum computing modalities has built competitive systems that show the potential to scale at a faster pace than the former modalities.
To be top of the game, accelerating technological breakthroughs, increasing technology investments, start-up proliferation, and promises of capable quantum systems by 2030 signal it is the best time for business and tech leaders to begin planning their quantum-computing strategies.
However, as with all tech trends, it's worthwhile to wait and understand their feasibility, relevance, and whether applications are suited for your organizational needs before making blind investments.
At Aditi Consulting, we're dedicated to decoding what these trends mean for not only the industry at large but how they may either benefit or impede the success of your business. We offer scalable solutions not based on the flashiest new tech, but customized for your short and long-term needs.
To that end, we surveyed over 300 IT professionals across the country to learn how leaders are planning budgets, which technologies they're investing in, and where they're sourcing talent. Pre-register for our upcoming The Great Acceleration report.