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New research identifies key trends in business technology

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New research identifies key trends in business technology

Augmented and virtual reality, blockchain, the Internet of Things and socially-responsible applications of exponential technologies are driving innovation.

"Today, every company is a technology company at its core."

So sayeth Bill Briggs, chief technology officer at professional services firm Deloitte Consulting LLP, and author of a newly released annual report on emerging business technologies.

"CIOs are expected to harness emerging trends and innovate to create real business value, all the while building from the realities of today – modernizing core systems, industrializing analytics capabilities and using autonomic platforms to transform, not just IT operating models, but the very infrastructure upon which they run. CIOs and IT organizations that can navigate these new realities to deliver measurable impact to customers, employees and alliances will thrive."

Key trends identified in the research include:

"Today, every company is a technology company at its core."

  • Blockchain: Democratized Trust – Digital transactions have become the standard for the global economy, yet many of them depend on legacy institutions and receive inefficient oversight, management and certification of trust. Blockchain allows distributed ledgers and smart contracts, letting organizations redefine how value is exchanged between parties – driving new approaches to asset management, customer loyalty, electronic medical records, cross-border payments and many more scenarios.
  • Augmented and Virtual Reality Go to Work – The future of mobile is tilting increasingly toward wearables, especially as augmented reality and virtual reality solutions hit the market. Long the objects of science fiction fascination, the looming potential of AR and VR technologies lies in the enterprise with capabilities that could potentially reshape business processes, or fundamentally recast customer experiences. While the consumer world waits for the dominant AR and VR players to emerge, the enterprise can fast track adoption — and begin the process of fundamentally reimagining how work gets done.

 

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