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Enterprise Technology Review | Thursday, October 10, 2019
With a crowd of new technologies on the horizon, CIOs are faced with a nearly impossible task of running business absolutely smoothly. Here is a list of technologies to help CIOs dictate corporate futures and navigate through the changes.
FREMONT, CA: In the modern digital-first environment, the right business technology can make the difference between remaining competitive and falling behind. Being digitally savvy is a critical metric that sets an enterprise apart from its competitors. Keeping up with evolving technologies is part of CIOs’ job, which is not a quick sprint for them. Shifting business priorities and choosing the right technology makes the job easier. Read on to know more about the most appropriate enterprise technologies helping CIOs run business operations smoothly.
• Edge Computing
Edge computing is a primary example of the rapid pace of innovation happening in the business world today. It has now started prospering into the state of the next information technology transformation. Fueled by the promises of 5G and other connected devices, edge computing is one of the significant contributors to enterprises’ massive IT overhauls and the need for digital transformation. Edge computing secures and connects applications, users, and resources to various devices. The speed at which businesses are generating data shows no signs of slowing down. As data volume shoots up, edge computing will become more than just an IT necessity in the future.
• XaaS, Everything-as-a-Service
XaaS is not just a new business model, but a strategic and operational blueprint that is upending business models. Everything-as-a-Service delivery and purchasing model today has blossomed into desktops, storage, containers, software, platform, and more. This is the new reality for enterprises, and for CIOs, it means not only efficiency but also a new revenue and growth opportunity. XaaS is now becoming a go-to operating model for providing information technology services. It also serves as a revenue engine for innovative enterprises. The combination of cloud computing, high-bandwidth, and global internet access offers a fertile environment for XaaS growth.
• Robotic Process Automation
Robotic Process Automation (RPA) automates frequent, and repetitive business operations As a trending technology, RPA is inevitable to run a business today. RPA is the transition towards an automated workforce. More CIOs are turning towards RPA to eliminate complex tasks, freeing workers to focus on higher-value tasks. If RPA is to bolster business, it requires proper design, planning, and governance. Enterprises can supercharge their automation initiatives by integrating RPA and automating higher-value activities that require perceptual and decision-making skills.
• Augmented Reality
Enterprise’s interest in augmented reality (AR) is growing as CIOs explore the business-relevance AR play in workforce enablement and customer experience. This emerging technology holds tremendous potential for changing the way enterprises operate. AR enables even inexperienced employees to identify problems and perform repairs by following instructions displayed virtually using AR overlays. Enterprises are also using AR to train employees with an immersive, multi-sensory experience that is more effective than traditional training methods. The result is a greater depth of training and speed to mastery. AR is also being used as an aid to early-stage product design and development so that designers can have a more accurate view of product form and functionality.
From technology budgets to knowing how technology will change business, tech trends matter to businesses regardless of size. This is why CIOs must keep an eye on these changes and leverage what they can in order to stay competitive and relevant.