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The 4 Evolving Technologies Driving Enterprise Strategies

By CIOReview | Friday, June 28, 2019

The incorporation of emerging technologies such as cloud computing, AI, big data, and RPA has enabled enterprises to stay at the vanguard of the volatile market and face the productivity and efficiency related challenges.

FREMONT, CA: The evolving nature of technology has made it difficult to predict upcoming trends in enterprises. However, several technologies have set up firm roots and are leading to innovation and productivity. These trends have enabled organizations to streamline their operations and take the helm of the market.

Cloud Computing

The cost of employing conventional enterprise networks often exceeds the value it creates when compared to the resiliency and cost-effectiveness of cloud computing. With the emergence of cloud technology, IT is no longer a cash drain for enterprises. After investing millions in complex traditional IT infrastructures, corporate are realizing the superiority of cloud computing. Since the cloud technology can be bought as software-as-a-service (SaaS), it saves hardware cost as well space. Also, it offers flexibility in terms of capacity expansion.

Artificial Intelligence (AI)

The most popular subset of Artificial Intelligence (AI) is machine learning (ML). It has enabled enterprises to train their computers to assess vast troves of data and conduct a range of tasks with bare minimum human intervention. Also, the recent developments in areas such as computer vision, speech recognition, natural language processing, and deep learning have enabled the organizations to collect and analyze large amounts of data, drawing valuable insights to drive their business.

Robotics and Automation

The developments in robotics have made automation an affordable and cost-effective option for enterprises. It has enabled enterprises to fill the gaps in productivity and labor, while at the same time, reducing costs and increasing efficiency. Also, the emergence of intelligent automation, which combines AI with robotics, has empowered the organizations to streamline their workflow. The self-learning capabilities of ML have facilitated agility and continuous adaption of the automated systems.

Big Data

The volatile market trends have made big data one of the most vital developments for enterprises. The enormous datasets of big data are invaluable to organizations in targeting specific consumer bases and marketing their products. It has enabled organizations to understand market conditions and to draw predictive analytics regarding customer behavior. Enterprise leveraging big data can achieve significant cost savings through targeted marketing and advertising.