Next Wave of Technology

Over the past two years, the word “uncertainty” has cropped across social media and new channels like never before. The pandemic has created a lot of uncertainty in all aspects of our lives. We don’t know whether there will be a cure for cancer or we will live in an algorithmic world or robots will replace our work.

 Once Vladimir Lenin has quoted, “There are decades when nothing happens, and there are weeks when decades happen.” This phrase is correct if we look at the past few months of the pandemic. A lot has happened in technology at an incredibly faster pace. The pandemic has accelerated the implementation of many technologies like AI and machine learning, cloud computing, IoT, data analytics, etc., that would have taken many years to become mainstream.

• A study by PwC finds 52% of companies accelerated their AI adoption plans because of the Covid crisis. In addition, 86% say that AI is becoming a “mainstream technology” at their company in 2021.
• Harris Poll, working with Appen, found that 55% of companies reported accelerating their AI strategy in 2020 due to Covid, and 67% expected further accelerating their AI strategy in 2021.
• Gartner says 28% of spending in key IT segments will shift to the cloud by 2022.
• According to the Vodafone Business IoT Spotlight Report 2020, 87% of the surveyed organizations say IoT is now critical for their future success.

With the growing usage of such emerging technologies in our personal and professional lives, the future of technology will surely touch every business and life on this planet. Take a look at the newest technology trends that will be on the radar in 2022 and beyond. 

1. Cloud as a critical pillar of business: Today, companies can provide services at speed and scale, accelerate innovation, drive business agility, streamline operations, and reduce costs with cloud technology. In addition, it has helped companies successfully navigate through the current crisis and helped them achieve increased sustainable growth. The next wave of technology will bring a high surge in cloud adoption across the industries. But to adopt a cloud-first environment, you need to have the correct data strategy, migration, integration, and skill training.
2. Robots will be the next job floor workers: Robot workers will extend their limit of doing mundane routine jobs to more responsive and intelligent jobs. Artificial intelligence (AI) and machine learning-backed robots will perform regular and intuitive work on the job floors. The human intervention will be limited to distant monitoring of the work through a camera or cloud console.
3. Intelligent automation will be the new normal: Robotic process automation (RPA) has become quintessential for most businesses today. In fact, artificial intelligence (AI) and robotic process automation (RPA) are two of the most transformative technologies the world has ever known. With robotic process automation (RPA) tools, your business can get more done in less time and with fewer employees. RPA software robots can automate tasks that would otherwise be too costly or difficult for your company due to their complexity – they’re especially good at repeatable routines like accessing customer data from several systems and checking forms completion, processing insurance claims accurately without any human error involved.
4. Adoption of IoT and Edge Computing: Driven by the pandemic, there is a dramatic shift in technology adoption, and it will persist forever. Edge computing, IoT, and corresponding devices empower organizations with innovations. The combination of the human mind and IoT is doing wonders in capturing micro-interactions and responding to changes quickly. This technology cuts business costs, reduces human efforts, and enables business continuity. 
5. Data as the building blocks of technology: If the cloud is the foundation of the new wave of technology, then data are the building blocks of today’s technology world. Cloud technologies help in collecting a lot of insights, but at the same time, it has created a data deluge. Looking ahead, it is essential to gain real-time business insightsto achieve success in modern business. Carvewing brings a unique mix of tools and techniques to make the most of your valuable business data. You can also leverage the customized data management solutions to discover new fountainheads of knowledge and wisdom.

Ride the new wave of technology with Carvewing: The pandemic has compelled business leaders to break out of conventional mindsets and rethink their strategies. Technology will be clearly at the forefront of this transformation. You can also empower your business and respond to challenging situations with the next-gen digital technologies. To know more, talk to our experts today.