Technology is modernizing the way people use smart devices. Technology landscape is fast evolving with Internet connecting the entire technology ecosystem. Several technologies which were theoretical few years ago have now become reality. More recently, technology enthusiasts are adopting the outcome of these latest innovations to their daily life, while at home and workplace.
There are several developments happening in different aspects of technology. And if you research on the web, you will find views and thoughts from industry experts, consumers and readers. Nevertheless, in this article, we’d like to address the seven technology trends which we think will fold into consumers’ life and impact technology landscape this year, and the coming years. These seven technologies (Internet of Things, Big Data & Analytics, 3D Printing, Enterprise Mobility, Mobile Gadgets, Social Media, and Cloud Computing) will help simplify our daily routine by providing flexibility, improving productivity and reducing costs.
1. Internet of Things – More popularly known as IoT refers to detectable objects which are unique and their virtual presence is linked to Internet. The connectivity can be either wired or wireless. Devices which adopt near field communication, RFID, QR Codes, Barcodes etc. are tagged as IoT devices. IoT devices are gaining popularity across industries such as Healthcare, Automobile, Retail and Manufacturing. It has become popular in individual homes too. As per Gartner there will be ~ 26 billion devices on the Internet of Things by 2020.
Some examples of IoT are:
- Home devices control system – You can turn on/off some of the smart IoT-enabled devices at home through your smartphone apps, while you are away.
- Automobile monitoring system – With sensors installed in your vehicle, features enabled on your smartphone (Accelerometer, Video, GPS, etc.) and with connectivity such as WiFi, Bluetooth, NFC you can monitor your location, parking space availability etc. from your car.
- Healthcare monitoring system – You can track the steps taken, get update on the medication or even manage your biometrics such as heart rate, ECG, pulse rate and then send the report to the doctor remotely through smartphone apps.
- Many more usecases include devices with sensors installed to manage & monitor electricity supply at power stations, turning off lights in offices remotely, tracking of water usages or even manage waste in real-time.
To learn more about IoT devices, capabilities and companies building IoT products Read More>>
2. Big Data & Analytics
In most organizations, information flows along familiar routes. What happens when data needs to flow between organizations or processed from multiple databases? Big data & analytics play a key role in this – connecting information across databases, processing, analyzing and allowing data access in the form of reports. Big data is the collection of large amount of data (groups) which is complex to be managed using single database management system within a certain time period. Complexity increases with the requirement to capture, store, search, share, visualize and analyze. Big data sizes are a constantly changing target, as of 2012 it ranges from a few dozen terabytes to many petabytes of data in a single data set. Many large retailers (Amazon, Walmart, eBay) and IT giants (SAP, IBM, Oracle, Microsoft, Intel) have invested in Big data & analytics platforms. Software companies focused in building Big Data software are Hadoop, Pentaho, MongoDB and many more. Big Data platform helps in achieving real-time business results. Some of the benefits of Big Data platforms are:
- It accelerates Big Data processing across multiple databases to support all types of data.
- It captures data from a variety of sources and combines computer generated and human generated data to provide comprehensive insights.
- It evaluates Big Data using analytic tools to find out new insights across organizations. This is useful especially for competitive analysis.
- It supports fast decision making using applications that leverage Big Data insights mainly to figure out the new revenue stream for the business and to improve operations.
To learn more about which companies are investing in big data & analytics Read More>>
3. 3D Printing
The miracle of 3D printing, and the technology’s potential to transform the way things are manufactured, have delighted consumers and business community. 3D printing which is also referred as Additive manufacturing is a process of making a three-dimensional solid object of virtually any shape from a digital model. 3D printer is like a robot which is controlled by the computer to produce a real product. This technology has been in the market for many years; however, it is more recently (after 2010) that people are adopting this technology into their daily life. You name it and you can 3D print it, is the idea behind inventing this robust machine. People are using 3D printers to print any kind of items such as phone accessories, toys, car models, camera lens, musical instruments, medical devices, food items such as chocolates, corn chips, sugar candies and many more things.
This technology is impacting every industry and all players of the technology eco-system (individuals, manufacturers, distributors, retailers, buyers etc.) in a big way. To learn more about how this technology is revolutionizing different industries Read more>>
4. Enterprise Mobility
Mobility has been recognized as the most impacted technology innovation across the globe. Especially among the consumers and past few years by enterprises. In past years, mobile devices have evolved from providing employees access to their emails, to more recently to installing enterprise mobile applications to access corporate data which has changed the outlook of companies doing business. Mobility has helped enterprises to stay connected with their staff and customers at anytime, anywhere. Thus, improving staff efficiency, and enhancing customer satisfaction with fast decision making, and improved the overall profitability for organizations.
Today, mobile applications are available for most industries, including – CXO Dashboards, Financial Dashboards, In-Store Product catalog, HR Management Systems, Online Classroom, Field Service management, Hospital management system and many more.
Enterprise mobility solutions are available across multiple device platforms – iOS, Android, Windows Phone, BlackBerry and for most apps latest OS versions are supported. According to a report by Good Technology (Source: CIO.com) iOS dominates in enterprise mobile business applications. Enterprise mobility is yet another technology which influences the entire tech-ecosystem – OEMs, UX designers, mobile app developers, solution providers, MEAP providers, security management system providers, Infrastructure providers, system integrators, MDM & MEM providers etc. Factors such as BYOD concept, ability for CIOs to make quick decisions and employees pushing to get access to corporate data in real-time is driving enterprises to implement mobility for their organization.
As per Forbes – Roundup Of Enterprise Smartphone And Tablet Market Forecasts 2013, management teams and CIOs from many financial services and manufacturing companies stated that ‘they are seeing mobility become a sales cycle accelerator, and are interested in taking on more complex selling strategies including quote-to-cash’. To learn more about how enterprise mobility can help achieve higher ROI Read more>>
5. Mobile Gadgets
Ever since 2007, when Apple first launched the smartphone (iPhone), the popularity of mobile gadgets (smartphones, tablets, phablets) is rapidly growing. This growth is seen across different age groups, especially popular among the younger generations.
With latest phones – iPhone 5S (iOS), Samsung Galaxy S4 (Android), Nokia Lumia 924 (Windows Phone), Motorola Moto G (Android) the mobile usage is on a rise. Release of Samsung Galaxy S5 (finger print sensor enabled) shortly and Nokia X (Nokia’s first Android phone browser) at Nokia’s MWC press conference will add to this ever increasing demand.
Features such as finger printing technology, Air Gesture, Siri, high-quality video conferencing, super high resolution cameras, 4G connectivity, high speed data access, slim-size, light-weight, multiple colors, and better battery life has enhanced smart phones sales to overcome those of PCs sales. And with recent acquisitions of Nokia mobility business by Microsoft and Motorola mobility by Lenovo, it can be observed that IT Giants who are focused on hardware and software for computers are now focusing on adopting mobility into their corporate strategy.
As per Digital Trends, the number of global mobile subscribers will exceed the worldwide population. This will increase the mobile app downloads, mobile internet users and also provide opportunity for mobility solution providers to scale-up. This technology has maximum demand and we expect this demand to rise further. To learn more about the mobile market size and availability of latest mobile phones Read More>>
6. Social Media
For many people, social networking can mean enjoyment and a medium to express their views. However, this technology has good influence for businesses too. Social media networks such as Facebook, Linkedin, Twitter, Google Plus, Pinterest, Youtube and the most popular ones. These platforms allow you to exchange messages; share content (videos, images, links to articles). It also allows marketers to promote content such as thought leadership papers, videos, blogs to target audience and advertisements for brand building. For HR professionals, this is a great platform to search candidates and connect with their community. Enterprises can also benefit on a large scale by nurturing their prospects and staying connected with customers all the time through these tools. Social media tools such as Yammer and Basecamp is used for project management and streamlines workflow with step-by-step project updates. To learn more about social media sites predictions for 2014 and how you can benefit from it Read More>>
7. Cloud Computing
You would have heard IT professionals use the term “cloud-based software”, SaaS (Software as a Service), PaaS (Platform as a Service) and even IaaS (Infrastructure as a Service). Cloud Computing term was coined many years ago, however it gained popularity only after the dot.com boom. In simple term cloud computing is the process of integrating large number of computers through Internet. Platforms, Applications and Services are all interconnected. The main advantage of this technology is it allows hosting of services and applications in virtual environment. Thus, it drastically reduces cost with single server running multiple applications and services within it. Also physical space required to host these servers is reduced. This technology provides secure and anytime access to data from any Internet enabled device. In addition, it gives application users the option to pay-as- you go pricing method and for service providers the option to scale-up their services seamlessly.
Some of the large IT firms providing cloud-based software/platforms/ applications/infrastructure are Cisco, Google, Amazon, Salesforce, Microsoft Azure. Both public and private cloud options are available. A typical example of a cloud-based application is email which is hosted/stored in email service providers servers to be accessed from anywhere. This technology is expected to evolve further in the coming years. According to Gartner cloud computing will become the bulk of new IT spend by 2016.
To learn more on cloud computing watch this video and to understand 2014 trends in cloud computing Read more>>
The aim of latest technologies and newly launched devices is to transform people’s life by making it simple to perform their daily activities. We are already noticing the influence of smart mobile phones and Internet influencing our daily life. The seven technologies explained in this article are co-related and is revolutionizing enterprises too. Let us wait and watch on how these technologies will shape up the landscape this year and in near future.
Do share your thoughts. Which other technology do you think has high impact on your daily life?
Marketing Manager, RapidValue Solutions