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Tech-Industry 2019 and Beyond

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Almost every enterprise will transform themselves to act like digital native as the digitized global economy continues to expand according to a report from International Data Corporation (IDC). This report also highlighted the fact that, Enterprises are being rebuilt around technologies like Cloud, Mobile, BigData Analytics and Social Media. Often these technologies are referred to as 3rd Platform Technologies. Enterprises are further enabled by ‘innovation accelerators’ like Internet of Things (IOT), Artificial Intelligence (AI), Augmented Reality and Virtual Reality (AR/VR).

In the light of these insights, the IDC has made 10 predictions for IT landscape for both tech industry and non-tech industry moving into 2019 and beyond:

  1. By 2022, over 60% of global GDP will be digitized. Digital transformation must be carried out in priority in order to be in the competition. Some times that requires to bring in change in organizational behaviour.
  2. By 2023, a large chunk (75%) of all IT spending will be on 3rd Platform Technologies, as over all most all enterprises will become digitally native. At the present moment, nearly half of the enterprises have strategy in place or they are ‘digitally determined’ to develop a strategy that of like Google, Amazon etc. These companies can be treated as digital native company.
  3. By 2022, edge computing will be included in Cloud deployment for over 40% of organizations. AI algorithms will be prevalent in 25 % of endpoint devices. In order to provide fast response, computing must be closer to devices and data sources. AI technologies will be implemented to make these computing more faster.
  4. By 2022, 90% of all apps will feature microservices architectures that improve the ability to design, debug, update, and leverage third-party code; 35% of all production apps will be cloud-native. This point is very important to make software applications very agile to business change. This requires Cloud-native technologies like containers and server-less computing.
  5. By 2024, a new class of developers will emerge, who will use automation to generate software. Influx of these new generation of developer will increase developer base by 30% accelerating digital transformation. Use of automation tool to develop will reduce application production time, as a result, digital solution will be available more frequently.
  6. Use of new tools/platforms, more developers, agile methods, and lots of code reuse, 500 million new logical apps will be created, equal to the number built over the past 40 years. As a result this will contribute to rapid development of apps and services deployment.
  7. By 2022, 25% of public cloud computing will be based on non-x86 processors (including quantum); by 2022, organizations will spend more on vertical SaaS apps than horizontal apps. More manual system will be converted into automated system, so number of use cases served by IT will increase exponentially. These automated system will use AI enabled systems, which will drive the requirement of more stronger processor. To cater to this kind of demands, organizations will have to shift to Cloud enabled system.
  8. By 2024, today’s screen-based apps will be replaced by AI-enabled conversational speech-tech for customer engagement. 30 % of enterprises will shift to speech enabled system in the next decade. Main UI of most of the software systems, will be AI based. Process automation driven by AI will streamline and replace manual job, and this will increasingly become the norm to maximize employee productivity.
  9. By 2022, 50% of servers will encrypt data at rest and in motion; over 50% of security alerts will be handled by AI-powered automation; and 150 million people will have Blockchain-based digital identities. Blockchain, Machine Learning, AI and Analytics will be used to improve security measures across the enterprises.
  10. By 2022, the top four Cloud ‘megaplatforms’ will host 80% of IaaS/PaaS deployments, by 2024, 90% of G1000 organizations will mitigate lock-in through multi and hybrid Cloud technologies and tools.

Tends reveals a fact that the way enterprises do businesses, is going through a paradigm shift. This recent alignment has opened up new opportunities to scale and exposed a risk of fading into oblivion, if not adapted to new situations. According to Frank Gens, Senior Vice President and Chief Analyst at IDC, “As industries – and the global economy – rapidly realign and consolidate around digital innovation, CXOs must race to reinvent their organizations for the fast-paced multiplied innovation world.”

 

Prof . Titas Roy Chowdhury
IS School of Excellence
Globsyn Business School

 

Image Courtesy

  1. https://www.pexels.com/photo/abstract-ad-ai-artificial-intelligence-371919/
  2. https://www.accountingweb.com/technology/trends/is-artificial-intelligence-the-future-of-advisory-work

 

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