The technology trends of 2017 were big and impactful, with artificial intelligence (AI) topping the charts, along with on-demand workforce platforms and designing for the human experience. In 2018, technology is set to shift an even bigger focus on exponential technologies like AI, internet of things (IoT), AI, Blockchain and others. Lets find out what are the Top Trends in Exponential Technologies in 2018:
TOP TRENDS IN EXPONENTIAL TECHNOLOGIES IN 2018
Artificial Intelligence Predominance
AI’s ability to enhance decision making, reinvent business models and ecosystems, and remake the customer experience will drive the payoff for digital initiatives through 2025. The AI foundation consists of numerous technologies and techniques that have grown over many years, like expert systems, decision trees, linear regression and neural networks.
Following core trends in AI will dominate in 2018:
- Fear of losing out, being a strong motivator, will lead to adoption of “plug and play”, as-a-service solutions in AI for organizations with less than global-scale resources to think about integrating narrow AI.
- Enterprise Conversational AI will see mainstream adoption as 20% of firms will look to add voice enabled interfaces to their existing point-and-click dashboards and systems.
- Robotization will displace industries like supply chain, manufacturing, Healthcare & Transportation, aimed at making our lives easier. RPA is delivering more near-term impact, but the future may be shaped by more advanced applications of true AI
Digital Twins Based Augmented Digital Reality
The implementation of a digital twin is an encapsulated software object or model that mirrors a unique physical object, potentially links in real time. They are linked to their real-world counterparts and are used to understand the state of the thing or system, evaluate “what if” scenarios, respond to changes, improve operations, and add value.
Following core trends in digital-twins model will be adopted in 2018:
- Digital-twin models as value offerings will proliferate, with suppliers increasingly providing customers with these models as an integral part of their offering.
- Product development or enhancement will be fully credited to digital-twin based behavior simulation ensuring guaranteed outcomes in asset performance.
- Digital-twin model will make continuous part assessment & adapting mainstream, where consumer objects will be continuously tracked and their efficiency measured, just like in case of Tesla cars.
Intelligent IoT -Connected Consumer & Industrial Systems
Intelligent IoT Systems are physical things that go beyond the execution of rigid programming models and exploit AI and Internetworking to deliver advanced behaviors that interact more naturally with their surroundings and with people.
The major trends in Intelligent IoT Systems for 2018 will be:
- Blockchain IoT or BIoT will make it easy for everyone in the distribution chain to get data from sensors and benefit from insights that they were previously unable to get. Companies and consumers can also be assured that their most valuable data on the blockchain cannot be hacked.
- Autonomous systems in controlled settings (for example, farming, mining and warehousing) will undergo significant technical evolution powered by new machine-learning algorithms, and used mainly in narrowly defined scenarios and controlled environments.
- A shift from stand-alone intelligent things to a swarm of collaborative intelligent things will take emphasis where multiple devices will work together to end objective.
Blockchains Led Internet of Value (IoV)
Blockchain is evolving from a digital currency infrastructure into a digital transformation platform. Blockchain and other distributed-ledger technologies provide trust in untrusted environments, eliminating the need for a trusted central authority. They can serve as a foundation of disruptive digital business for both established enterprises and startups by transforming the exchange of value.
Key trends in Blockchain for 2018 are:
- Lack of privacy in current scenario will give way to private ledgers, where Private Blockchain will allow membership only to those who have been vetted and approved by the existing members of the network.
- Large transaction time & scalablity issues will be countered by leveraging Scalable Blockchain Database, where big data distributed databases, given Blockchain characteristics, are used to address scaling needs.
- Barrier to private data will be broken by allowing consumers to selectively and securely share their identity data on their terms companies within the Blockchain space make it easier for users with better connect and returning control of user data to the individuals
Cryptocurrency – The New Asset Class
Cryptocurrencies have had a banner year due to the rise in bitcoin prices and the popularity of digital token sales as a new way for companies to raise funds. Companies, mostly start-ups, have raised at least $3 billion by issuing new digital tokens in 2017, resulting in more than 1,000 virtual currencies in existence today. We are seeing the development of a radically new asset class.
Hottest trends in cryptocurrency for 2018 will be:
- Initial Coin Offerings created by firms will be the new investment source, combining crowdfunding and a new hybrid asset class of equity ownership and currency.
- Rise of the DEX (Decentralized Exchange) for cryptocurrency will stem from the gap created by backlogs of ID verification & transactions in centralized exchanges like GDAX, Bittrex, & Poloinex.
- Explosion of DApps (decentralized apps) built on Ethereum as well as other platforms trying to capitalize on the craze that CryptoKitties started.
Cloud Based Digital Transformation
Business and IT executives are no longer looking at the Cloud solely as a tool; now the focus has shifted towards finding the right way to use it so they can accomplish their 2018 business goals. Public cloud platforms, business services, and applications will reach $236B — growing at a 22% CAGR between 2015 and 2020.
The major trends in Cloud Computing for 2018 will be:
- As cloud adoption is becoming a more mature process, so is cloud selection. Organizations are staying away from being 100% reliant on a single supplier and in turn want a multicloud approach / hybrid cloud approach to have a small number of key suppliers to reduce maintenance and management
- Cloud to the Edge, where cloud implementations would use an approach that distributes functionality to the edge, will see mainstream adoption. This approach will be used more frequently as cloud vendors adopt the cloud style as a way to manage their solutions more effectively.
- Cloud containers as a service will become mainstream because it can provide a better infrastructure security, and are an alternative to virtual machines and allow for apps to be deployed in a quick, reliable & consistent manner.
Cybersecurity as a Strategy
The evolution of ransomware in 2017 should remind us of how aggressively a threat can reinvent itself as attackers dramatically innovate and adjust to the successful efforts of defenders. As is so often the case in cybersecurity, human intelligence amplified by technology will be the winning factor in the ‘arms race’ between attackers and defenders. Defining trends in cybersecurity for 2018 are:
- General Data Protection Regulations, like the one enforced by EU, explaining how companies should process, store, and secure the personal data of EU citizens will be further witnessed. Infringements can provoke heavy capital fines or a percent of the total worldwide annual turnover.
- DevSecOps, which will overcome the barriers between security teams and DevOps teams, will take precedence. . Security teams can’t afford to wait until the end of the build-and-release pipeline to perform a detailed security scan. Security requirements must be clearly communicated and easily integrated into the processes of the developers, not the other way around.
- With a 0% unemployment rate, there is scarcity of cybersecurity skill. The industry needs and will continue to need new kinds of skills as cybersecurity evolves in areas such as data classes and data governance.
Enterprise Mobility Led Work On-The-Go
It is important understand that enterprise mobility not only implies people who are involved into working on mobile and devices, but it also involves mobile corporate data. Enterprise mobility is one of the most imperative pillars of digital transformation. No doubt Enterprise Mobility is all set to share the podium with the big guns – Cloud Migration and IoT which are contributing most to digital transformation in the year 2018 ready to shape the future of the companies. The key trends in 2018 are:
- The constant increase in the number of commercial application will cause a major leap to Location-based Enterprise Applications and eventually lower the dependency on the on premise computers. 2018 will also see a greater hardware integration with the mobile devices to improve the overall experience of going mobile.
- Enterprise Mobility Managementsoftware will gain a lot of traction this year. Since Enterprises are migrating the in-house business processes to the handheld devices, security issues are bound to crop up and this will be the concern which will lead to the EMM software dependency.
- Streaming Instant Apps, which launch instantly when clicked upon without the need to visit the app store and be a revolutionary move, enabling access the apps on the mobdownload, will see more adoption. Eliminating that access time into quick streaming, Instant Apps couldile, just like we access the websites directly without downloading them.
Event Thinking Makes Digital Businesses Sense
Digital businesses rely on the ability to sense and be ready to exploit new digital business moments. Enterprises should embrace “event thinking” as part of a digital business strategy. By 2020, event-sourced, real-time situational awareness will be a required characteristic for 80% of digital business solutions (Gartner). Top Event Thinking trends for 2018 are:
- Enhanced Event Driving by AI & IoT will be a characteristic trend for 2018. With the advent of AI, IoT, and other technologies, business events can be detected more quickly and analyzed in greater detail.
- Most organizations currently use event processing for narrow purposes in isolated application contexts, but Event Thinking in Broad Intelligent Digital Mesh will gain traction.
- Currently organizations don’t consider event thinking a prevailing Application design model perception, equal to the request-driven service-oriented architecture. This perception must change to accommodate the push to digital business.
Immersive Experience Enhancing Reality
While conversational platforms are changing the way in which people interact with the digital world, virtual reality (VR), augmented reality (AR) and mixed reality (MR) are changing the way in which people perceive the digital world. This combined shift in perception and interaction models leads to the future immersive user experience. Top trends in Immersive Experience in 2018 are:
- Mixed Reality (MR) will aspire mainstream inclusion, in which the user may interact with digital and real-world objects while maintaining a presence in the physical world, using visual and other sensory models such as touch (haptic feedback) and sound (spatial audio).
- Enterprise implementation of VR and AR will rise, which will aim to make employees more productive. You can use them to enhance design, training, visualization and to provide hands-free information.
- Battle for Smartphone-based VR & AR will heat up with the major companies making headway like Apple (ARKit, iPhone X), Google (ARCore), and cross-platform SDKs such as Wikitude.