Emerging Technologies: Who’s driving the market?

Emerging Technologies: Who’s driving the market?

30 Oct 2022

This informal CPD article Emerging Technologies: Who’s driving the market? was provided by The Tesseract Academy, offering consultancy services to help your company become data driven, whether you are an entrepreneur, a start-up or a corporate.

Emerging Technologies: Who’s driving the market?

The era of social media, mobile devices, besides cloud storage services continues to rise, technology will become more influential in every aspect of our lives. Consumers now demand instantaneous responses, which is shaking up the corporate landscape. All of these new innovations have a major effect on how we handle business issues. All businesses stand to gain from adopting this cutting-edge technology, which may boost operations, alter profit margins, and otherwise revolutionize the way you do business.

Here are ten technological developments that are changing the face of the internet.

1. Cloud-Native Platforms

Using a cloud-based service delivery paradigm, applications may be built and operated in a cloud-native environment. The scalability, reliability, elasticity, and adaptability of cloud-native applications are all the result of careful design. 

Developers may take use of public, private, and hybrid clouds by making use of cloud-native technologies. The deployment of apps, services, and tasks is being revolutionised with the help of features like microservices, service meshes, containers, and immutable infrastructure, which have all contributed to a shorter development cycle.

2. Decision Intelligence

Bringing together the fields of applied data science, social science, and management science, decision intelligence is a relatively young academic field that aims to assist individuals and organizations make better decisions via the use of data. It's common practice for businesses to use some kind of AI-based decision-making system. They analyze customer actions in order to foresee their wants and pain points, fine-tune their offerings, and determine the optimal time to launch their highly targeted campaigns.

3. Cryptocurrency and Bitcoins

Cryptocurrency is a kind of digital money that is both decentralized and cryptographically protected, and it is stored in a distributed ledger known as blockchain. Bitcoin is a decentralized digital currency, which means that it may be stored and transacted with without the need for a financial institution. Bitcoin may be moved between wallets stored on mobile devices, computers, and the cloud. Since creating a Bitcoin is so difficult, it effectively eliminates the possibility of forgery.

4. ML and AI

Inventions like the Internet of Things (IoT), Blockchain, AI, machine learning, cognitive intelligence, deep learning, etc. are being used on a faster rate by businesses as a result of Industry 4.0 in manufacturing and digitalization in all other sectors.

5. The Automation of Tasks by Robots (RPA)

To create, launch, and manage software robots with human-like activities, RPA is utilized. Software robots can scan, identify, and retrieve data, as well as execute a broad variety of predetermined activities, much like humans. One promising new technology is software robots, which outperform hardware ones in speed and reliability.

6. Edge Computing

To lessen the effects of delay and save on bandwidth, businesses are increasingly turning to edge computing. This shifts the burden from the cloud to more localized locations like the user's machine, an IoT device, or an edge server. It lessens the amount of time spent in communication between a client and server across a wide distance.

7. Quantum Computing

Quantum computing is a new field that combines quantum theory with computer technology. The system employs quantum bits, often known as qubits.

8. Low-code

If you don't know how to code but want to build a mobile app or business app, you may use a low-code platform. Instead of creating a ton of code, it offers a visual interface with simple logic and drag and drop features. Using a no-code development environment, software may be created without the need for coding. This means that even those who don't know how to code may easily create apps.

9. Enterprise Metaverse

The way in which we communicate with computers and the outside world is evolving as a result of new technologies. Improved sensors and AI-powered computer vision allow devices to better monitor the real environment and provide accurate context for AR, VR, and MR experiences.

In addition, customers will get access to a virtual store where they may outfit their digital selves in the newest Nike gear. This Nike merchandise may be inspired by or directly replicate existing Nike items. Possible outcomes include Nike sharing information about new goods or encouraging kid-led design efforts.

10. Cyber Security

The field of cyber security is rapidly developing as a promising new area of study. The ongoing challenge to security measures posed by hackers seeking to unlawfully access data is a major concern. In order to make our communities safer, we are using new technologies. Cybersecurity will continue to be an innovative tool for stopping online attacks.

Protections against unauthorized users and traffic on a network are the key to keeping it safe and useful. It's useful for attacking, defending, and protecting against internal threats. Some cyberattacks may be avoided with the use of firewalls and virtual private networks.

We hope this article was helpful. For more information from The Tesseract Academy, please visit their CPD Member Directory page. Alternatively please visit the CPD Industry Hubs for more CPD articles, courses and events relevant to your Continuing Professional Development requirements.

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