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Top 7 Tech Trends Business Leaders Should Watch Out For
  • 02/Feb/2024
  • 02/Feb/2024
  • Technology Trends

Every business, tech or non-tech, must follow the latest tech trends to ensure and maintain an online presence. You may run an online store or provide some services; advanced tech tools can help protect your company from losses, failure, downtime, and more.

Top 7 Tech Trends

Here is an insight on the top 7 technologies that will likely dominate the online business in the future.   

1. Digital Workplace

The workplace will likely undergo a complete overhaul by amalgamating tech and humans. The initial adoption of AI was scary as it was perceived to be a replacement for humans. But, no, it is not true. The new workplace we envisage will be where humans work on high-definition technology to complete complex jobs.  

The latest digital workplace will empower employees to think outside the box, innovate creatively, and perform outstandingly with AI and data-driven solutions. In the coming years, employers may be more than just contributors. They will likely play a more significant role in the company's future. 

Let us look at some of the technologies that have changed our workplaces.

a. AI Recruitment

Post-pandemic, many companies have adopted hybrid and remote work cultures, which have led to online recruitment with the help of AI tools. The AI recruitment tools are effective for vetting, skill-based application sorting, email reverts, and more. The new digital recruitment process has saved companies time and money filling vacancies. 

b. Cloud Storage

Business bided adieu to paperwork a long time ago. Cloud storage is a top-tech solution to store sensitive and even non-sensitive data. Every company is now opting for cloud storage for the apparent reason – convenience. But there is more to it than just convenience. Cloud storage is a green solution to the environment. As it is said, 'go green, go paperless'. 

c. Productivity Platforms

Productivity platforms such as Slack and Trello are helping businesses better manage work within the organization. These platforms have made it easier to track project progress, allot work, and share feedback and comments. Businesses utilize productivity platforms to stay focused on work, whether online or offline. 

2. AI Governance

Today, AI is deployed in every sector, from healthcare to travel. As more businesses opt for AI tools to complete projects and tasks, a lot of data is shared that needs to be protected. Here comes the role of AI governance, a guardrail that ensures the proper functioning of the AI tools. It ensures that AI tools are protected from hackers. 

Let us look at some of the AI governance tools organisations use. 

a. Visual Dashboard

A visual dashboard provides information about the status and health of the AI. It provides a quick overview of AI functioning. The organization uses the visual dashboard to monitor the machine's overall workings.

b. Performance Alert

An alert is sent to the owner through smart devices whenever an AI machine malfunctions. The performance alert system enables organizations to intervene and address the issue promptly.

3. Hybrid Cloud

Hybrid cloud refers to an ecosystem where different sets of clouds (public and private), computing systems, storage, and services are used together. The hybrid cloud system allows organizations to choose the cloud to store specific data while retaining some of it on their local networks.  

The hybrid cloud system enables businesses to work remotely, reduce costs on infrastructure, improve scalability, improve data security, and better manage work. About 90% of the companies use hybrid cloud systems such as Google Anthos, AWS Outposts, and Nutanix Cloud Cluster. 

4. Modern Network:

Organizations are embracing modern networks to improve productivity, reduce cost, secure data, and increase. A current network enables organizations to connect multiple AI platforms and new technology to improve work efficiency. Modern networks are essential for any company that aims to digitalize its work. The current networks flawlessly integrate remote workers into the central IT ecosystem.

5. Cyber Resilience: 

With a growing number of companies and organizations utilizing AI and cloud services, the risk of cyber-attacks has also increased. Therefore, companies are embracing cyber resilience that helps them prepare to withstand, respond to, and recover from cyber threats. 

A cyber-resilient organization can work and perform while experiencing cyber-attacks, economic slumps, or natural disasters. Let us look at the many benefits that cyber resilience brings to organizations:

a. Mitigate Financial Loss

Cyber attacks can be expensive. According to a Statista report, the average cost of the US data breach was $ 9.48 million in 2023. Adopting cyber-resilient organizations can mitigate financial loss by effectively responding to cyber threats and reducing downtime. 

b. Provide Competitive Edge

A cyber-resilient organization can perform effectively during cyber attacks, which helps them stay competitive. An organization must have steady and essential operations to stay in the market. 

c. Build Trust

Cyber attacks can erode the trust of customers in an organization. By adopting cyber resilience, organizations ensure data safety and commit to safeguarding their users' sensitive data. In short, cyber resilience helps companies maintain the confidentiality of sensitive data.

6. Sustainable Technology

Global warming is a significant issue that everyone should try to address. We must work towards improving the environment for a healthy place to live. Some organizations are doing their best by adopting sustainable technology that helps reduce the environmental impact of the IT infrastructure. Companies opt for energy-efficient equipment and implement power management policies to sustain the environment. The concept of going green, in short, is a new tech trend among businesses.

7. Generative AI

Generative AI or Gen AI is the latest trend among companies. We often find Gen AI hashtagged on social media posts. But what this Gen AI is and why companies use it needs to be explained. Gen AI is an AI tool that helps companies find creative ways to keep their customers engaged and improve sales. Generative AI solves complex problems, such as creating personalized product recommendations and engaging content for social media posts.  

For companies to stay ahead in the market, staying updated on the tech side is essential. Everything is tech-driven. Whether emails, brochure designing, hiring, sharing, or more. Businesses rely increasingly on technology to speed up work and stay productive. Therefore, companies must choose the latest tech trends to ensure they are in the market.

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