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Technology Trends

Author: Stella Chrysaki/August 29, 2017

Breakthrough technologies will continue to create new value and transform experiences for businesses and consumers alike. As the list of technological megatrends just keeps growing, below we have listed a few trends that will unlock opportunities for growth and enable organisations to provide more meaningful experiences to their customers, employees, and society.

Read below the top 7 trends in technology that will take over as suggested by Haptic Networks.

IoT Pivots to Sentient Tools

As IoT goes mainstream, companies will turn their focus to sentient tools. Sentient tools are aware of their context, environment, and social interactions. As technologies such as cloud-based AI, collaborative robots, and ever-more sophisticated machine-learning algorithms begin to converge, we will start to see the emergence of these capabilities in smart cars, homes, and manufacturing.

The Mainstreaming of Augmented Reality for B2B

2016 ushered in the mainstreaming of augmented reality, epitomized by the runaway success of Pokémon GO. This year, we expect to see that success translate into the mainstreaming of augmented reality for business-to-business applications. Businesses will increasingly take advantage of off-the-shelf products, improvements in industrial accuracy capabilities, and the learnings of early adopting industries. Expect to see the largest scale adoption in organisations with skilled workforces.

Autonomous Vehicles Take Off

2017 will usher in the launch of the first level-3 autonomous vehicle—a vehicle that is able to fully take over from the driver. Watch for evidence-based implications of the autonomous driving shift. Adoption, crashes, laws, usage, and a host of other factors will point to the future of this industry.

Security and Agility

One thing that enterprises and businesses need on their 2017 shopping list is agile security – or more specifically, to ensure that security is as agile as the technology needs it to be. IT security is still mission critical, therefore it will always be evolving to suit the demands of the ever-changing workspace and workplace.  We are already seeing adoption of practices such as blockchain and data encryption, which goes some way to preventing the tampering of individuals and company data.  However, with the rise of cloud-based solutions and the increase of video and audio, behaviour analytics and multi-layered security is something that businesses should think about implementing to prevent.

Cyber security

(IoT) ‘Secure by design’ will garner much copy but probably not deliver until 2018 or beyond. On the other hand, the next generation of AI-powered attacks will be intelligent enough to emulate the behaviours of specific users to fool even skilled security personnel. This might include the ability to craft complex and bespoke phishing campaigns that will successfully fool even the most threat-conscious among us.

New job titles appearing – CCO (Chief Cybercrime Officer)

In the aftermath of WannaCry, we will see organisations looking to appoint a chief cybercrime officer. The CCO would be responsible for ensuring that an organisation is cyber-ready, would bear the responsibility for preventing breaches, would take the lead if a breach did occur and provide a robust connection between the board and the rest of the company.

Cyber risk insurance will become more common

This type of insurance will increasingly become part of operational risk strategy however, the insurance industry needs to tailor products specific to client needs and not just provide blanket cover as extensions to existing risks. As the industry evolves we might see cyber insurance covering for loss of reputation and trust with their customers, loss of future revenue from negative media or other exposure, and improvement costs for security infrastructure or system upgrades.

It is generally known that making predictions about the course of technology’s future, even a year out, is an exercise in futility. Surprises can come from a number of different directions, and announced developments rarely release as they are intended. Still, it pays to forecast what’s coming next so you can prepare your strategies accordingly. Whatever the case may be, it is still interesting to think about everything that’s coming next.

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