Tech Trends of 2021: What new will Digital Transformation bring for Enterprise Executives
Executives are having a hard time adopting the tech trends of 2021 and abiding by digital transformation
2020 has been quite a year of twists and turns. Digital transformation was at the center of all the changes that the year has brought. Technology opened new doors in advanced manufacturing, financial services, healthcare, retail, consumer products and media. Unfortunately, embracing digital transformation technologies in the working system involves a lengthy process of investing in the model, adapting it into the working system, changing the daily office routine, sensitizing the employees, etc. Even though entailing technologies has its own set of positive impacts, the company executives are facing the challenge of tackling the primary setbacks in 2021.
The Covid-19 pandemic has drastically accelerated corporate digital adoption. Now, businesses are getting back to the so-called ‘new normal’ which has technology as its core. As 2020 came to a close, experts also predicted that the so far talked topics, 5G and artificial intelligence will continue to gain its importance in 2021. These changes will directly reflect on company CEOs, executives, investors, and other experts who look forward to enhanced business in the current year. However, adding new technology to the office premise is not simple. To begin with, they need investments based on the company’s size. Unfortunately, there is no assurance that every technology an organisation adopts could reap profit. GlobalTech Outlook has listed five such emerging technologies that are essential to the business in 2021, meanwhile, gives nightmare to executives on how the company is going to cope with the change.
Edge AI as a multiple stop solution
Edge AI is a system that uses machine learning algorithms to process data generated by hardware at the local level. The device is often detached from internet and makes real-time decisions based on the gathered data. Data is exploding on a massive scale. Businesses are leveraging futuristic technologies to make use of big data in order to increase the company’s revenue. However, the primary problem that they face is the delay in the analysis. Mostly, the collected data has to be transported to a general source where the machine performs the analysis. It takes time to go on with the process. Fortunately, edge computing preserves bandwidth and increases efficiency by processing information closer to the users and devices that require it, rather than sending data to a centralised location. Adopting edge AI involves changing the whole model of processing data. Companies have to deploy edge AI devices at every end to fast-track data analysis.
Cloud will continue to be the centre of digitisation
Remote working is one of the major things that happened in 2020. When employees started to function from home, organizations adopted the so-called ‘cloud computing’ method of working. Today, cloud is a well-established source of professional workforce. It provides improved agility, scalability and cost efficiencies across industries. A lot of organizations are planning to continue remote working for a long time. This troubles the executives as they have to always stay up-to-date when it comes to managing cloud computing trends.
Automation at the company’s premise
Automation has long been a buzzword in the tech radar. Fortunately, the technology might get streamlined in 2021. Sectors like manufacturing are already considering automation to replace human labours. Though the concern of job loss remains less spoken, company executives are tangled with the initial investments automation technology needs. Automating a whole system comes at a very high cost. The company adopting automation should be able to afford it and maintain it if something goes wrong.
Virtual reality is the new way of consumer attraction
Virtual reality refers to a computer-generated simulation in which a person can interact within an artificial three-dimensional environment using electronic devices. As the Covid-19 pandemic implemented strict guidelines that barred humans from close interactions, virtual technologies marked a milestone by driving the customers on virtual modes. People also tried virtual shopping experience and bought products online. However, convincing consumers to trust in the virtual models took a big toll on executives’ efforts. Companies initially have to make people believe that the virtual way of trailing products will be impactful.
Cybersecurity at the core
The inflow of data is multiplying every day. More data into a company means more protection. A cyberattack might limb the organisation both on revenue grounds and customer trust. Once the consumer information goes online, people lose their belief in the company. Since the pandemic took a tool on physical working, all the office routines take place in online modes. This stressed the work of executives to encrypt every bit of data and company information that circulates in the cloud sources.