Emerging technologies for business growth
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Engineering trust like security and reliability, accelerating growth and sculpting change are the three overarching trends that will drive organisations to explore emerging technologies such as nonfungible tokens (NFT), sovereign cloud, data fabric, generative AI and composable networks to help secure competitive advantages, research and marketing firm Gartner’s Hype Cycle for Emerging Technologies says.
The study stresses three trends:
Engineering Trust: Trust demands security and reliability. The technologies to watch to engineer trust are sovereign cloud, NFT, machine-readable legislation, decentralized identity, decentralized finance, homomorphic encryption, active metadata management, data fabric, real-time incident center and employee communications applications.
Accelerating Growth: After the trusted core business is established, recovery and growth can happen. To accelerate growth, the following technologies should be explored: multiexperience, industry cloud, AI-driven innovation, quantum machine learning (ML), generative AI and digital humans.
Sculpting Change: Change is traditionally disruptive and often is tied to chaos, but organizations can use innovations to sculpt change and bring order to chaos. Organizations looking to sculpt change should consider composable applications, composable networks, AI-augmented design, AI-augmented software engineering, physics-informed AI, influence engineering, digital platform conductor tools, named data networking and self-integrating applications.
“Leading organizations will lean on the emerging technologies in this year’s Hype Cycle to build trust and new growth opportunities against a background of continued strategic change and economic uncertainty”, said Brian Burke, research vice president at Gartner.
“As organizations continue their focus on digital business transformation, they must accelerate change and cut through the hype surrounding emerging technologies,” said Melissa Davis, research vice president at Gartner.
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