What to do to Keep up With the Latest Technology Trends?
Here are some tips on how to stay current with the latest technology.
- Keep informed, Read industry blogs and news.
- Consider Taking a Course. Take a course to keep up-to-date on existing technology or learn about a new one.
- Connect with others in your industry by attending conferences, seminars and other technology-related events.
- Do not be afraid to seek out advice and ask questions.
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What is the Need to Keep up With Technology Trends?
Businesses and professionals must stay current on technological trends to remain profitable in today's environment. Here are five advantages that staying informed can bring to businesses:
Career Technological Advancement
Modern workplace success hinges on staying current with trends and technologies in your industry; keeping up-to-date on newer skills can keep your workforce more competitive than ever.
Communication
Staying current is a critical consideration in communicating effectively at work and on the internet. Otherwise, you could miss crucial conversations if you do not possess all of the latest tech-speak.
Organization
Modern life demands the organization of files and data for success, whether as an undergraduate student, professional, or both. Staying organized enables faster locating of items and saves time and effort in the end - it keeps up-to-date with technology too!
Find a Job
Modern job hunting means more than filling out paper forms; thanks to modern technology, modern job search and application methods have greatly accelerated this process. It has become standard practice to submit digital marketer resumes, cover letters and documents directly. Staying current on these tools and technologies allows you to present yourself in the most advantageous light.
Customers Reach
Technology updates can help your organization connect with potential clients more quickly and develop relationships faster. Social media, blogs and apps offer great ways to customize content tailored to individual audiences' interests and stand out. You're bound to reach more of them than ever!
Read Also: How India Is Emerging As The World's Technology And Services Hub
The Trends to Consider When Developing a Technology Strategy
Artificial Intelligence encompasses all the strategies encountered during one transaction or activity in business. Marketing and sales strategies, IT strategies, supply chain strategies, HR strategies etc., are all part of one plan, creating one overall approach. Even technology strategies form part of this holistic biggest business approach.
strategy refers to any approach or plan by which an organization, business or government carefully plans its actions over an extended period to reach its desired goals. Most modern businesses today are adopting strategies that leverage emerging technologies to revolutionize or change their business models, offering superior products and services - this trend is known by several names within the business realm: digitalization.
Technology trends play a pivotal role in setting goals for companies. Achieving these objectives requires adopting multiple technologies. Business planners need to identify capabilities for the business that leverage new technologies and produce products more efficiently. Business capabilities can be divided into two categories:
- Operational: An organization has capabilities to support various functions of the company that it needs to run its business. They may use a variety of technologies to help achieve the tasks.
- Development: Capabilities that allow the tech company to create (and purchase) new technology solutions. These capabilities are usually under the IT organization.
Operational capabilities allow a company to set itself apart with innovative technological adoptions. At the same time, development abilities refer to IT departments' technical skills required for creating new technology-based products and services.
Planners employ this strategy to identify different kinds of capabilities. Individuals typically involved have backgrounds in enterprise solution architecture or business strategy. Capability-based planning entails identifying red flags the capabilities necessary to reach stated objectives using actual business scenarios as the benchmark; we will cover more on capability-based planning later. Stay tuned! This topic is essential in architecture.
Most businesses should utilize capability-based plans, yet many do not take advantage of them. Most may simply not know about or possess dedicated resources for it. Enterprise architects and business planners would do well to take appropriate actions. Perhaps socializing business capability models or capability-based plans with your colleagues and encouraging using this effective tool.
Some businesses hire external consultants to develop and plan their business strategies and operating models, yet often hide assessment results or details related to consultants due to IT professionals and architects wishing to remain confidential about how they approach things.
What is the Technology Strategy Exactly? Is it the Same Thing as an IT Strategy?
Answering that question requires understanding two parts that differ greatly in purpose and design. Although they may appear similar at times, their goals differ significantly. Technology strategy involves identifying the appropriate business capabilities to utilize innovative and purposeful digital realities technologies to drive changes to the business model of cooperation efficiency, creating greater efficiencies for an organization.
Focusing instead on how IT will prepare itself by building the required technical capabilities, this strategy lays out how the IT organization should create, purchase and develop solutions based on new foundational technologies identified within a Technology Strategy to guarantee business continuity.
Technology strategies outline capabilities activated by value streams, with IT strategies comprising development capabilities activated by value streams as part of development capability activated via value streams; operational business capabilities help develop target business models, while development team capabilities form the heart of any IT operating model.
What is the Responsibility for Technology Strategy in your Organization?
Recently we conducted a poll to discover who in an organization was accountable for technology strategy. While your question failed to differentiate between IT strategy and tech industry strategy properly, the poll is now complete with statistically significant results that provide insight into people's perception of reality within organizations - the results below provide statistically reliable insight. Answers don't appear skewed either, but perhaps people mistook one term for another, which seems quite likely.
Documenting Technology Strategy
After technology strategy formulation, business and operational models for each of its business units must be documented - usually via PowerPoint presentation or Word document - which should summarize findings of business scenario analysis and capability-based planning processes.
The following should be covered in a standard technology strategy document:
- Executive summary of technology strategy
- Business current state, the rationale for adopting new technologies, and why they are important.
- Summary of the relevant goals and objectives for your business, along with KIPs or OKRs
- To remind yourself of your business's vision, principles, and values, you can recap them to ensure they are adhered to.
- The summary of the business scenarios-based assessment results can also include drivers, restrictions, policies, directives and business aspirations.
- The summary of strategic decisions and choices made by planners during the capability-based planning helped them navigate the many options available and provide reasons for choosing certain capabilities or products.
- Changes to the Business Model
- The new technology and its impact on business.
- Changes to the operational models. Descriptions of operational capabilities identified in terms of people changes, technology, processes and value streams, and how these will be operationalized through org structures, funding, partnerships and governance.
Note that technology strategy forms part of your overall business strategy document. When technology plays a central role in major transformation efforts, its implications become embedded within that document - many topics listed above could easily be covered elsewhere as they represent complete coverage in other documents.
Cloud, VR, 3-D printing and Machine Learning have revolutionized business practices and our lives. This article will examine some of these tech market trends as they could radically reimagine life after 2023.
Technology trends have long played an integral part in improving business operations and changing our daily lives, from cloud, VR, 3-D printing and Machine Learning to intriguing use cases for new technologies that will become available by 2023. Here we discuss some fascinating use cases available by 2023, along with trends already shaping our world and what may lie ahead!
What will Digital Transformation Mean for Business by 2023?
Annual Report highlights key technological trends businesses should consider. Since COVID-19 came into force, business leaders are becoming convinced of how necessary new technologies such as cloud service providers, data analytics and machine learning will become. Digital transformation investments are increasing by 16.5% per year.
The Nine Most Important Technology Trends of the 21st Century
Technology is changing the world in many ways, and it's happening at an increasing pace. These nine technology trends are:
- Cloud Computing/Edge Computing
- Artificial Intelligence and Machine Learning
- Virtual Reality and Augmented Reality
- Internet of Things (IoT) and 5G
- Blockchain Technology
- 3D printing
- RPA Robotic hiring Process Automation
- Analysis of Big Data
- Cybersecurity
- Cloud Computing/Edge Computing
Cloud Computing/Edge Computing
Cloud native platforms will account for 95% of digital workloads by 2025. Furthermore, 89% of companies reported using multiple cloud providers - creating endless opportunities for businesses looking for data analytics solutions. Some people wonder whether edge computing or traditional clouds provide better solutions - edge computing uses data centers closer to end users (thus decreasing network latency), for instance.
Cases for Use
Edge computing promises to revolutionize the healthcare industry. Edge computing (EC) allows real-time analysis of wearable and medical device data, while cloud computing has some restrictions. However, even seconds of delay could seriously affect patient well-being in an emergency. IDC predicts that in 2025 healthcare organizations will spend over $10 billion on edge computing. Medical industry priorities involve investing in lifesaving medical devices; edge computing only delivers benefits when built upon technology.
Artificial Intelligence and Machine Learning
AI technology continues to advance rapidly; private global investment in artificial intelligence was estimated at $93.5 billion alone.
Cases for Use
Autonomous vehicles (fully self-driving cars) are an emerging technological trend being closely tracked. Google has conducted some of the largest tests with autonomous cars covering over 140,000 miles in California alone; Apple also performed similar software trials using Lexus cars in this state.
Why does there exist such an overwhelming interest in developing autonomous cars? One major draw is safety - research from the National Highway Transportation Safety Administration shows that roughly 95% of accidents result from human error. Other motivations to use autonomous cars may include reduced fuel consumption or optimizing driving - though critics remain wary.
Understanding all possible scenarios on the roads is still difficult, yet piloting driverless vehicles in suburban areas at times when traffic levels are low is one way of testing their feasibility. Journalists from The New York Times who took part in one such test ride in October described it as " spooky, " "impressive," perplexing," and somewhat stressful."
Extended Reality and Virtual Reality
Who are VR/AR's Future Users? VR and AR will add up to $1.5 trillion in global GDP by 2030. VR can play an invaluable role in gaming industries; similarly, in healthcare, it can assist doctors by training or aiding decision-making when faced with pressure or support therapy for those suffering from anxiety disorders.
Cases for Use
When we hear of Virtual Reality or mixed reality (VR/MR), gaming often springs to mind. Virtual and mixed reality allows people to experience life from new angles; tech job market companies such as Sony, Meta Quest and Oculus aren't creating these devices without reason - Apple may soon unveil its VR product too!
Virtual reality technology isn't limited to games: in Poland, the Ministry of Education, in collaboration with Meta, has decided to use Meta Quest 2 headsets for teaching history classes and allow their students to journey back through history while watching VR story productions.
Internet of Things (IoT), 5G and wearables
5G technology will experience exponential growth compared to its predecessors, covering over one-quarter of humanity and adding 70 million users during Q1 alone. 5G also closely aligns with the Internet of Things innovation by permitting innovative device creation.
5G offers greater capabilities than its 4G predecessor due to lower latency; its network can enhance virtual or augmented reality experiences, and industrial automation and weather monitoring are only some of its applications; its vast spectrum includes healthcare applications, including remote surgery; it was first utilized in China where surgeons operating from almost 2000 miles distance performed remote surgery on patients using this new technology with only two-millisecond lag between smart devices; remote worker surgeries are no longer a distant reality!
Blockchain Technology
Blockchain was initially associated with Bitcoin and cryptocurrency transactions. A more modern application that uses this tech is Non-Fungible Token (NFT). NFT serves as an identifier that allows ownership verification cryptographically without having any inherent value attached. That makes each one truly special!
Cases for Use
NFT rose rapidly and continues to be extremely popular today. NFT ensures that items purchased are unique and non-fungible; blockchain certificates confirm these sales. NFT has strong associations with digital art, such as Nyan Cat's JPG Collage by Beeple (sold for $69m at Christie's); it can also be used for selling tickets or accessing exclusive member clubs.
As with anything new, operations that use Ethereum to sell non-fungible tokens (NFT) often generate mixed reactions. Some opponents claim the use of NFT has negative environmental ramifications due to the complicated calculations required and increased power usage during the operation of these NFT projects. Non-fungible Tokens remain highly speculated upon. Will millions-dollar artwork have the same worth tomorrow as they do now? Only time will tell, but one trend that's sure to grow is using NFT for-profit projects from major brands and profiting from using NFT projects implemented using Ethereum platforms, with many companies already benefiting from it today utilizing it and making use of NFT projects through implementation projects using these technologies as early adopters!
Three-dimensional Printing
Additive manufacturing (3D printing) has quickly become one of the most enthralling technological developments accessible to almost everyone. Not limited solely to plastic applications, 3D printers now create chocolate crafts and houses!
Cases for Use
Printing can be used for almost anything; Ford's plant in Michigan is a prime example of this fact, where the auto industry successfully utilizes autonomous 3D printers. Ford utilizes 3D printers for mass production of components - in this instance, brake brackets - via 3D printers connected via an interface with robots that allow for continuous work; these printers even take over tasks at night when people cannot.
Robotic Process Automation (RPA) is a solution to automate processes in business.
Gartner's predictions identified hyper-automation as one of the key technological trends. Since then, RPA technology has made immense strides forward. RPA uses software robots for business recruitment process automation; contrary to popular belief, automating business processes may open-source many job opportunities! Why all the talk about RPA? This technology enables repetitive tasks to be automated away. It relieves human workers of burdensome jobs in banking, logistics, administration etc.
Cases for Use
COVID-19 has shed light on issues within healthcare systems worldwide. Startups provide solutions designed specifically to benefit this sector while labor costs continue escalating. Decision-makers must use digital and automation potential to remain competitive - 2023 around half of healthcare organizations will invest in RPA. RPA can assist with repetitive healthcare tasks while decreasing costs and improving patient experiences and efficiency.
Administrative Data Management. RPA solutions offer administrative data input into healthcare software systems. This process may seem mundane initially, but RPA solutions make this task less tedious by gathering information from various sources before feeding directly into databases.
Read Also: Lead Generation With Artificial Intelligence
Big Data & Analytics
Data analysts are in high demand as companies recognize their immense value and utilize Big Data analytics tools in various areas across business intelligence operations and operations management. Statista estimates that global revenues from data analytics will surpass $274.3 billion.
Cases for Use
Big Data Analysis can play an invaluable role in neuroscience development. Before recent years, scientists couldn't collect information from multiple neurons; now, however, thanks to an Allen Institute experiment led by Microsoft founder Paul Allen a few years back and using Machine Learning techniques, they can compare 300k neuronal activity - this allows researchers to discover patterns and identify correct structures through analysis alone.
Cybersecurity
Protecting sensitive data will become more of a priority over time, particularly with hackers increasingly targeting mobile phone users and accessing valuable corporate data through compromised mobile device security of internet systems. One popular trend among respondents to Verizon's Mobile application Security Index shows 60% think mobile device security measure poses the greatest safety threat to their company, and hackers targeting such devices more frequently (over 80% spend their time outside corporate networks) is becoming an increasingly security level risk - potentially giving hackers entry to important corporate files via breached devices.
Cases for Use
Cyber attacks include data theft, credential phishing, accessing corporate resources illegally and installing malware onto mobile devices - making cybersecurity one of the top trends you should pay attention to in 2023. Suppose your mobile devices use iOS platforms like iPhones or iPods as part of the bring-your-own-device model. In that case, solutions such as Jamf Threat Defence for protecting endpoints against compromise and stopping any possible phishing attempts may be valuable; JTD uses advanced Machine Learning algorithms that quickly detect new zero-day threats.
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Conclusion
In an ever-evolving world, staying up-to-date on technological trends is increasingly crucial. Being current can keep you competitive on the job market while offering new capabilities and features - not to mention being updated is an effective way of enriching both professional and personal lives!
