Every year international market research companies look into the future and reevaluate which technologies and developments will determine the coming year.
AI & Machine Learning
The areas in business where the strategically considered use of AI is critical to success are diverse. AI is increasingly being used across the board. Companies have already started to introduce AI and machine learning gradually, and it is highly likely that AI will eventually be used in all areas of the companies. It seems that it will no longer be enough for companies in the future to be merely technology-savvy - they must instead be "technology-led". The ignorant companies of this decade will not be the one who cannot follow the AI trends. Instead, those who fail to anchor AI and emerging innovations in all areas of the company will be called the ignorant.
In 2020, no one has to explain the companies-owners why Artificial Intelligence is essential at all. Now they are looking for specific ways that AI can help them achieve their business goals. But - Important! - Your chances of success with AI increase if you take small steps with it. Therefore, instead of starting large-scale and difficult to implement projects, the more successful companies will be those that set short-term, more manageable goals.
Connectivity is one of the top issues which the Internet of Things can resolve. The technology grows and changes the world rapidly, ensuring revolutionary advances in trade, agriculture, and industry, ensuring the maximum efficiency and grants the availability of resources.
It is therefore not surprising that in the study of trending technologies of 2020, they got into the top 10 when it comes to the essential technologies.
A recently released spending guide by the International Data Corporation (IDC) estimates that global IoT investment will reach $ 1.1 trillion in 2023. The commercial branches manufacturing processes, production, and transport will account for about a third of this.
A lot of the companies have already implemented IoT projects. The number of IoT projects is increasing steadily: 30 percent of companies have implemented between six and 20 projects, 12 percent have 10 to 24 use cases, and six percent have 25 to 49 use cases. As in previous years, the big companies are still pioneers in IoT applications. The gap in small and medium-sized companies is narrowing, so they implement these solutions as well.
5G is a critical factor in the manufacturing industry. The auction of 5G licenses was one of the big topics this year. 2020 is all about implementing the new technology. The first comprehensive 5G networks will be created in the city centers and at trade fairs. This initially benefits large production and manufacturing companies, which will switch to fully mechanical production in the medium term. The low latency of 5G is required, especially in production, but also in communication between autopilots, and is, therefore, a key element.
We believe that the centralized cloud will soon be a thing of the past. Accordingly, the trend of 2020 is that public cloud services will be distributed to different locations outside of the physical data center. However, the distributed cloud is controlled by the provider, responsible for all aspects of the cloud service architecture, deployment, operation, and updates and development. With a distributed cloud, data centers can be localized anywhere, and it solves both technical and regulatory challenges such as latency (delay or response times) or data sovereignty.
Continuous integration + continuous deployment
We believe that continuous deployment is an important element in the digital transformation of companies. It is the ability to make all kinds of changes (e.g., functions, bug fix, experiment) for users in the production or non-production environment on request.
Digitization increases the speed at which companies create value for their customers. Time to market, the ability to meet new customer requirements, and integrated quality are the crucial success factors that are made possible by continuous deployment.
Continuous integration is one of the first software development practices in which team members integrate their daily work. The integration is carried out by an automated build process, which includes tests for early error detection.
This winning combo grants the success for the software development, so this trend is likely to arise in the future.
Blockchain is not only about cryptocurrencies. This technology has a vast potential, which is likely to be only developed in 2020.
Blockchain is a continuously expanding, chronologically ordered list of permanent transaction data records linked together using cryptographic processes. The practical blockchain refers to enterprise blockchains, in which only those aspects of the technology that are meaningful for the company are implemented. At the same time, the consensus is handled via more traditional private models. Blockchains offer companies the opportunity to create trust and transparency and to realize an exchange of values. In this way, costs can also be reduced, and the times for transaction agreements can be reduced. Besides, products and goods can be traced back to their origin. E.g., With food-borne diseases, the production chain can be traced back to the original supplier. All these features give this technology a stable place in the TOP of trends for 2020.
Privacy & Cybersecurity
Digitization is the big megatrend of our time. The goal of multiple companies is to ensure a high level of security, even in virtual space.
More and more areas of life are no longer conceivable without data processing. This also creates enormous challenges for data protection. Digital development must be flanked by a sustainable security concept for more data protection because companies want to rely on the protection of their data even in the cyber world. Similar to the security technologies like the road traffic security, IT security has become the standard in everyday life.
IT security must become the standard in everyday life. This is similar to the security technologies known for road traffic. A lot of companies seek a competent and confidential contact for analysis of attacks, sabotage, and espionage in cyberspace.
This way, cybersecurity is a trend that is likely only to rise in 2020 and the years to come.