10 Technology Predictions Every Business Leader Must Know
Data Economy provides 10 key predictions on future technology trends
Data Economy recently gathered predictions made by companies, researchers and executives who use various methods to conclude what next year has in store.
1. Internet traffic trends increase
Cisco’s VNI Forecast for 2017 to 2022 revealed several big predictions regarding the internet’s future. In the next four years, it’s predicted that there will be around 4.8 billion internet users, which is about 60% of the world’s projected population of 7.2 billion.
Wi-Fi and mobile connected devices will generate 71% of IP traffic, and there will be more than 28.5 billion global network connections, up from around 18 billion connections in 2017.
2. The cloud transition will remain both unstoppable and partial
“The move toward cloud has been on for a while, but the migration wasn’t anywhere near as fast or as total as predicted. Transitioning to cloud platforms can require a costly, time-consuming architectural overall, which can’t be done in one fell swoop.
The journey toward cloud isn’t nearly over for many firms and we’ll continue to see more progress. Still, some data and processes will remain on-premises for many firms for the foreseeable future, largely due to regulatory concerns.
The final destination for many firms will be a hybrid cloud approach.
3. IoT market set to rise drastically
According to Statista the global IoT market will explode from $2.9tn in 2014 to $8.9tn in 2020. That means companies will be collecting data and insights from nearly everything we touch from the moment we wake up and likely even while we sleep.
Edge computing will require a new level of intelligence and automation to make those platforms practical. Where once only a smidge of data was created and processed outside a traditional data center, we will soon be at a stage where nearly every piece of data will be generated far outside the data center.
This amount of data will create a permanent home for edge computing.
4. IoT will drive the demand for operational analytics solutions
A big increase will occur in operational analytics solutions being designed and deployed. IoT and manufacturing will drive much of this demand.
Industries such as retail, banking and telecommunications will also start to turn to operational analytics as they realize there’s a huge opportunity to use the insight to fine-tune offerings and enhance customer experience.
Memory-first NoSQL databases will enable real-time analytics with no ETL, no data warehouse and no data lake.
5. 5G to reach 40% of global population
5G networks will usher in a new era for IoT, supporting an increasingly interconnected world that will drive IoT innovation further. Ericsson 2018 Mobility Report predicted that 5G will have over 1.5bn subscriptions covering over 40% of the global population by 2024.
6. Huge security attack predicted
Cybersecurity and application delivery solutions provider Radware predicted there will be four significant security events will happen in the next 12 months based on the product of research with over 600 companies across the globe. The first being the public cloud will experience a massive security attack that shakes the confidence of all users.
The second significant security event predicted is that Ransomware will remain popular with hackers and will be joined by two newer forms of ransom attacks – hijack ransoms, which make a service unavailable until a ransom is paid and IoT device ransoms, which could force not just companies but also individuals to pay on the spot ransoms to regain control.
The third is that the rise of the nation state availability-based attacks will accelerate, and the forth prediction is that cybercriminals will upgrade IoT-based botnets with swarm-based technology to create more efficient attacks.
7. Single view data
Focus will shift from simply putting data in one place, to having one view of the data. The ability to have a single view of all data has never been more important than now.
Data is coming from all different directions, speeds, and formats, and being able to control that will be one of the key markers for empowerment and success in the data age.
Historically, it’s taken a lot of effort to make that happen. It’s a seemingly impossible feat because there will always be new data coming in and being able to combine as well as analyze data at the source is what enables the crucial agility needed in a fast-moving world.
Two massive trends are set to shift the situation, making it possible to get a single view of all data while keeping it where it resides.
First, there are different vendors coming together and standardizing data models. Second, and more importantly, is the emergence of enterprise data catalogues.
8. Charities should commit to an infrastructure that provides robust connectivity and organizational resilience
By combining robust connectivity, flexible communications services and secure cloud management solutions, charities will be keeping their colleagues and volunteers connected – particularly important in today’s world of flexible and remote working, which is only set to grow in the foreseeable future.
Charities must commit to making the journey to donation and access to its support services as seamless as possible. We’ll see wider adaptation of hosted voice solutions that will keep charities available anywhere, at any time.
9. Wireless is the future
Businesses today are traveling to where their customers are, rather than waiting for customers to come to their location.
Retail establishments, restaurants, banking companies and many others are beginning to offer their customers with options such as pop-up locations at concert venues or offices inside of larger stores.
To do this, they need to bring a robust network with them – something that’s only possible with wireless. SDN implementations have already begun to transform networks from static, overprovisioned and inflexible to efficient, agile and programmable, and they’re expected to evolve and accelerate as wireless technologies such as Gigabit LTW and 5G develop.
By being able to open with one or two wireless connections, firms still get reliable connectivity with day-1 deployments and they can venture out further than where only a network connection exists.
10. Innovation continues by infrastructure vendors
Innovation will be reimagined by infrastructure vendors, as R&D is shifted to address the overarching demand by customers to leverage their key IT vendor as a one-stop shop.
Emerging infrastructure technologies reshape customer demands, placing increasing emphasis on new ways of computing and managing data. In an increasingly open-source world, the power of partnerships grows stronger within hardware-centric vendor strategies.
If you have a changing IT footprint, please contact Citadel to discuss options for any data center, cloud, or other technology solution.