Emerging Technology Trends to Look in 2021
Here are the top emerging technology trends to look-forward in 2021 that will have a great impact on the way of working.
No one had ever imagined that 2020 would end this way. The Covid-19 pandemic has dramatically forced businesses for Digital Transformation. As a result, a number of businesses starting from small to global making an effort to rebuild and develop their business with the fast Moving Technology Trends. In 2020, during a pandemic, every company learned that digital adoption is critical to customer and business success.
According to research, 35% of Global 2500 companies have a significant Digital Transformation and 20% stand up digitally to accelerate their business transformation by the end of 2021.
Being the necessity of reinvention and staying competitive in business and economic environments requires new business strategies and practices.
Considering the most important trends, I have hit on today's most relevant tech trends that are already having a great impact on a wide range of industries and giving big opportunities in the era of Digital Enterprise.
Let’s take a Look…
1. Cybersecurity with Authentication Rights
The Covid-19 pandemic has a major advantage to create an opportunity for cybercriminals to increase cyberattacks. No matter how advanced defenses get, attackers' methods get more sophisticated every year. Due to Covid-19 pandemic, most businesses moved to remote working that brought heightened risk with on-premises IT networks exchanged for wi-fi and personal devices.
Hackers take advantage of the company's active directory (AD) infrastructure, which controls user authentication rights and company network access. With this system, a cybercriminal can get access to a user's confidential information including his or her identity.
A cybersecurity Agency Alsid suggests clients tailor security to their AD, invest for monitoring and detect attacks in real-time. The networks in this process may be sprawling. Most telecommunication companies have more than millions of AD users worldwide.
2. Circular Economy
The circular economy is the process of production by means of reuse, repair and recycling items, thereby increasing manufacturing and consumption. By 2029, it is expected that linear economies are to be replaced by circular economies, according to research.
In the Circular Economy model, the idea is based on designing products to last and optimized for a cycle of disassembly and reuse waste that will make it easier to transform or renew them. Using this approach, we can reduce waste, saves energy and helps avoid damage caused in terms of biodiversity and climate including air, soil and water pollution.
Almost a major number of Organizations are under pressure to reduce the consumption of natural resources in the production of products and services.
3. 5G Revolution
After 3G and 4G, the next generation revolution in the telecom network is 5G, which operates at higher radio frequencies which will make it skyrocket in 2021. The 5G network also gives much quicker internet speed.
The deployment of this technology is the necessity of time because not so long ago during the Covid-19 pandemic, the world had noticed a high boost in digital collaboration, remote work, online businesses and videoconferencing. For these reasons, we need fast and reliable connections. The 5G technology has the capabilities to transform the existing technologies in an incredible way, therefore it claims that rising in 5G will make a bigger difference to the world.
The 5G technology has a great impact in the field of Healthcare, Finance Industry, automotive and IoT. The implementation in the IoT field is required because it is observed that 51% of companies using IoT have improved their insights in terms of customer behaviors, needs and preferences. However, it will take time for this technology to fully have an impact on other industries including security.
By the year 2035, it is predicted that the upcoming 5G technology has the capability to unlock up to $12.3 trillion of revenue across a broad range of telecom industries.
4. CDP (Customer Data Platform)
Customer data is crucial for both business and marketing operations, that is the reason Customer Data Platform(CDP) exists.
What exactly is CDP?
Customer Data Platform is software that creates and organizes unified customer data across a variety of touchpoints that is accessible to other systems and marketing agencies.
Customer Data Platforms collect customers' data from different first, second and third-party sources mainly include CRM and DMP, web forms, via email and social media activities, e-commerce websites as well as transactional systems. It is not easy to handle the disintegrated data of users from multiple sources. In the last few decades, organizations have witnessed a great rise in CDPs. So to organize this data efficiently, we need operations like this.
Recent searches show that nearly $3 trillion goes down annually due to bad data. But with the help of CDPs, this problem is solved by collecting data from all sources, organizing it and making it usable.
5. Smart Technologies for Work From Home
The recent spread of the Covid-19 pandemic has shifted the way of working and doing business. The lockdown situation allows employees to work from home on a large scale. But are employees prepared to do so?
Modern workspaces have enhanced work flexibility with the help of technologies and their infrastructure but not all employees have that flexibility in their own home. Those who are not used to working from home, they should consider these technology trends to make their work easier. Part of such technologies include home tools such as Zoom, WebEx and Microsoft teams. Many tech giants have observed massive usage of these tools from the last few months and this will continue in 2021 also.
Some of the Organizations like Twitter have given the option to work from home for the rest of working careers for their employees.
6. Hybrid Cloud
Hybrid cloud technology refers to mixed computing, storage and service environment mainly including private and public cloud such as Amazon web services(AWS), Microsoft Azure, Oracle and IBM Platforms. Most businesses are shifting on a hybrid-based model. The reason behind this is, Hybrid cloud provides a convenient way to strike a balance for business infrastructural needs.
Hybrid cloud services are cost savings and support a fast-moving Digital Transformation of Businesses. The main approach of using the Hybrid cloud is agility. In a competitive environment, most businesses might need to combine public and private cloud or other resources to gain agility.
The core principle of hybrid cloud-based on two agendas: One is the Business Transformation agenda and the other is the IT agenda. Specifically, the Business transformation agendas are focused on investment methods to make money while others have been focused on saving money.
The 2020's Covid-19 pandemic has shown us the importance of emerging technologies trends and mark the start of the decade that will require the Digital Transformation of Business. As a result, Leading industries have brought us trending technology that makes business growth easier than you ever think. The technologies will shape the way of working and you will see the major changes this year.
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