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Emerging technologies that are taking corporates by the storm

Jul 19, 2022, 16:27 IST
Business Insider India
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  • Emerging technology will undoubtedly shape professional lives as well.
  • Automation of repetitive chores will increase efficiency and productivity at work, allowing businesses to devote increased time and energy to higher-value, performance-oriented activities.
  • Data fabric can be used to see where data should be used and altered, allowing for ‘re-engineered decision-making’.
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Technology advances at a breakneck pace, but businesses aren't always prepared to capitalize the same. Due to competing goals, economic constraints, or a shortage of funds, fully researching how emerging technology might solve problems or increase income isn't always on the table. However, it should be.

Even companies who are actively studying emerging technology may approach it as a series of separate initiatives, making it less likely that their efforts would provide the best results.

Companies must invest in innovative technologies that can help them examine their complicated business networks. This is imperative if they are to fulfill the needs of a continuously changing marketplace, as they expand their global footprint while seeking to meet their customers' escalating expectations.

These new technologies, such as Big Data, predictive analytics, and the Internet of Things (IoT), are transforming how businesses operate. To help comprehend their customers and make more strategic business decisions, companies are learning new ways of collecting, exchanging and using data.

Below mentioned are the top technologies that could change the IT landscape for businesses:

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Cybersecurity mesh
Companies can utilize this modular design to integrate stand-alone security solutions to improve overall security. This new solution, according to Gartner researcher Kasey Panetta, can cover identities outside of the typical security perimeter and improve the security for remote workers.

Gartner also predicts that by 2025, cybersecurity mesh will enable more than 50% of all digital access control requests. This distributed architectural solution can make scaling cybersecurity control easier, as well as make it more adaptable and reliable. Cybersecurity mesh design includes four core levels: security analytics and intelligence, distributed identity fabric, consolidated policy and posture management, and consolidated dashboards.

Data fabric
The global data fabric market has been valued at $1.43 billion in 2021. So, clearly this technology opens up new possibilities for integrating data sources across systems and business users.

Data fabric can be used to see where data should be used and altered, allowing for ‘re-engineered decision-making’. It is a design solution that includes human and machine skills to access data and evaluate whether it should be relocated or consolidated.

IoT and wearables for worker safety
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The technology behind the Internet of Things isn't just for machines. Companies are employing wearable devices to reduce workplace injuries and ensure that workers are wearing the proper protective gear in specific situations. The platform makes use of RFID technology as well as a wearable gadget that can be placed around the neck, fastened into a belt, or used as a belt buckle. Such devices have sensors that measure motion, position, and ambient data.

Smart warehouse technology can be used in warehouses that aren't constructed expressly for robots. To sort, select, and shelve packages, such technologies employ an algorithmic engine. To move among objects and people in the warehouse, the system uses cameras and sensors, as well as rails on racks to move up and down.

The technology is claimed as "retrofitting automation" by the company, and it claims that the algorithm can dynamically understand problems produced in one warehouse and apply remedies across the network.

Privacy-enhancing computation
This strategy focuses on securing personal data in untrustworthy contexts and employs privacy-protection strategies to extract value from the data while also meeting regulatory obligations. Though this approach to information security is still in its early stages, it has huge potential to lower the risk of data breaches.

Cloud-native platforms
Cloud-native platforms powered by technologies can enable corporates to create new application architectures that are resilient, elastic, and agile, empowering them to react quickly to digital change.
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In fact, among current adopters of the model, 53% of applications are cloud-native. Cloud-native solutions are an advancement over the typical lift-and-shift strategy to the cloud, which misses out on the advantages of the cloud and complicates maintenance.

Autonomic systems
Self-managing software systems that learn from their surroundings and dynamically adjust their own algorithms in real-time to maximize their performance in complex ecosystems are referred to as autonomous systems. Autonomic systems are a type of technology that supports new guidelines and scenarios, improves performance, and defends against threats without the need for human intervention.

Emerging technology will undoubtedly shape professional lives as well. Automation of repetitive and dull chores will increase efficiency and productivity at work, allowing businesses to devote increased time and energy to higher-value, performance-oriented activities.

Remote working, assisted by technological solutions, enables firms to acquire a dream job without the need to relocate to another nation or to tour around the world without jeopardizing their careers. Although more manual occupations are expected to be lost, the labour market will open up to a broad array of wholly new opportunities — employment that is defined and led by emerging technologies that will change the business operating systems unrecognizably.
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