A lot can happen in a year. And when that year is 2018, a year in which we stand on the threshold of an exponential future driven by technologies such as artificial intelligence, big data, IoT and blockchain, the world may look very different by the end of it than it does now.
It is often productive to take some time in the early part of a year to consider (and imagine) what the next 10-12 months will hold. At the very least it affords us an opportunity to dream big and consider the implications of new trends, products, and services, as well as their underlying technologies. At best, we gain invaluable insight into how these technology trends will affect, improve or disrupt our businesses, our work and our personal lives, and help us reach previously unattainable goals, progress, (and even distant planets!)
Here are our top technology predictions for 2018:
1. In aerospace, the commercial
2. In the manufacturing
4. Artificial intelligence and machine learning will become mainstream in business in 2018. You can break it down into three categories:
a)Advanced analytics and big data plays, where the aggregation of data will enable fresh and deep insights and allow the creation of new business models,
b)Business process automation, where we’ll see a high degree of back-end business processing being done by algorithms, freeing up human resources to be more productive and creative, and
c)Customer experience, where we’ll see more intelligent and personalised layers between humans and systems, like voice navigation and human-like virtual assistants.
5. Artificial intelligence, machine learning, Internet of Things, and blockchain will also enable new business models and create new markets driven by start-ups and agile corporates that can embrace these trends and understand the potential value propositions that can come out of it.
6. On the workplace culture side, we’re going to see a significant refocus on cultural aspects of organisations, specifically how company culture and its practices support the needs and well-being of the organisation. Companies are realising that if they don’t have the culture and the practices to support a healthy, productive environment for their workers, they’re not going reach their goals.
8. One of the biggest stories in 2018 will be cybersecurity. The explosion in software, technology, and connected devices open many new threat vectors, at the same time that the regulatory environment is becoming significantly tougher. Security systems must keep pace in the same fashion. We desperately need to get those protocols and security measures in place.
9. Today there is a “land grab” happening in the IoT space as vendors, large and small, jostle for leadership. SAP’s global IoT evangelist Tom Raftery predicts that the IoT cloud platform market is going to consolidate quickly. “The IoT hype is going to finish and we’re going to move into possibly a ‘trough of disillusionment’ – as Gartner calls it – that precedes mainstream adoption. IoT architecture will evolve from data ingestion and analytics (the “thing to dashboard” paradigm) to an intelligent event-driven solution for end users. Digital twins will evolve from concepts to implementation providing new simulation and decision-making capabilities within and across companies.”
10. Cameron Beveridge, SAP’s local cloud lead, predicts that we’re going to see companies reassess their strategic technical plan – possibly even stopping some of the roadmaps and re-evaluating options for the cloud, as well as moving forward with ERP transformations and improving total cost of operations by streamlining business processes and technical architecture. “There will be quite a bit around end-to-end transformation and being more innovative and proactive in business processes.”