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Engineering trust, accelerating growth and sculpting change are the three overarching trends that will drive organizations to explore emerging technologies, according to Gartner. Examples of emerging technologies may include nonfungible tokens (NFT), sovereign cloud, data fabric, generative AI, and composable networks
Gartner has identified key emerging technologies driving innovation in its ‘Hype Cycle for Emerging Technologies, 2021.’ It distils insights from more than 1,500 technologies into a succinct set of ‘must know’ emerging technologies and trends that show promise in delivering innovation thus a high degree of competitive advantage over the next five to 10 years.
Gartner: Three Themes of Emerging Technology Trends
- Engineering Trust – Trust necessitates security and reliability. It may, however, also refer to the development of innovations as a robust core and foundation for IT to provide business value. Engineered, repeatable, trustworthy, proven, and scalable working processes and innovations must form the foundation.The market for digital and cloud technologies and services, for example, is presently dominated by American and Asian companies. As a result, many European firms store their data in these locations, causing political unrest as well as worries about data security and compliance with local laws. Countries can use a sovereign cloud to gain digital and data sovereignty, resulting in legislative requirements for data protection rules, residency requirements, protectionism, and intelligence collection.Sovereign cloud, NFT, machine-readable legislation, decentralized identity, decentralized finance, homomorphic encryption, active metadata management, data fabric, real-time incident center, and employee communications applications are among the technologies to keep an eye on in order to engineer trust.
- Accelerating Growth – Recovery and expansion are possible if a reliable core business has been created. To guarantee that near-term goals are met, organizations should balance technological risk with their appetite for business risk. Accelerated growth expands delivery and value after the innovation-led core has scaled.For example, generative AI is a new technology being used by the pharmaceutical sector to assist cut drug discovery costs and time. According to Gartner, more than 30% of novel medicines and materials will be found systematically utilizing generative AI approaches by 2025. Generative AI has the potential to not just improve and accelerate design in a variety of disciplines, but also to “invent” innovative concepts that people may otherwise overlook.Multiexperience, industrial cloud, AI-driven innovation, quantum machine learning (ML), generative AI, and digital people should all be investigated to help accelerate growth.
- Sculpting Change – Companies may use innovations to sculpt change and bring order to disorder. Change is historically disruptive and frequently associated with turmoil, but organizations can utilize innovations to sculpt change and bring order to chaos. Anticipating and auto-tuning to the requirements of change is the art.
Composable business apps, for example, provide for a better fit of app experiences to a dynamic, operational business environment. Composable business, based on composable application technology and designed with composable thinking, enables businesses to detect and capitalize on business opportunities, adapt to unforeseen disruptions, and fulfill changing consumer needs at their own speed while maintaining customer loyalty.
Composable apps, composable networks, AI-augmented design, AI-augmented software engineering, physics-informed AI, influence engineering, digital platform conductor tools, named data networking, and self-integrating applications are all options for organizations wanting to sculpt change.
The ‘Hype Cycle for Emerging Technologies, 2021’ is just one of over 90 Gartner Hype Cycles covering a wide range of innovations, technologies, business trends and key vertical industries. Additional information is also available in this free Gartner webinar: ‘The Gartner Hype Cycle for Emerging Technologies, 2021.’
