Despite the tech industry being one of the most unpredictable ones out there, business leaders always try to look ahead and foresee what new development will emerge in the coming year. Thus, helping them determine which innovations are worth the attention.
As the first month of 2022 is already more than half way through, we thought it’d be a good idea to go over the current Information Technology trends in business that will be most prevalent this year. Of course, some will remain unchanged from previous seasons, but it’s still worth being aware of them so that you can focus on the right software development projects in the next twelve months.
1. Siloed Data Integration
In the modern data-driven world, making decisions based on accurate information is pretty much non-negotiable for business leaders. After all, staying competitive is often rooted in relying on numbers and their ability to tell what is performing well and what isn’t.
In the last few years, organizations have come to embrace data analytics and started leveraging digital insights to stay informed on what’s going on within the business. However, data comes in various shapes and sizes. It may contain duplicate entries, outdated details, human errors, or, at times, be hard to access because of data silos.
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In 2022, accessing information across the company’s multiple data silos will only get more difficult because of the increased volumes and sources of data. So, many organizations will choose to prioritize the integration of siloed data in order to bring distributed digital information together.
Moreover, modern developments like data fabric will come into the spotlight. If you’re unfamiliar with the term, data fabric is basically a data management architecture that optimizes distributed data and makes it available wherever it’s needed.
According to Gartner, this technology can reduce data management efforts by up to 70%. An impressive number no matter the industry you operate in.
Another major 2022 technology trend in business is all about automating as many areas of an organization as possible, at a rapid pace.
Companies that haven’t yet streamlined all of their processes will double down on hyperautomation, which basically uses artificial intelligence, machine learning, robotic process automation, low-code tools, and other technologies to minimize human involvement in various tasks.
Learn more about AI in Business
You may be wondering if there is any difference between automaton and hyperautomation. Well, there actually is. While automation typically occurs on a smaller scale and focuses on streamlining individual tasks, hyperautomation refers to the reliance on a multitude of tools and technologies to help facilitate intelligent modernization of processes across a firm.
So, if you’re looking to improve efficiencies and elevate customer experiences while reducing costs — consider adding hyperautomation to your IT to-do list for 2022.
3. Unique Customer Experience
Customer experience has always played a crucial role in the success of any organization. So, it’s only natural that in 2022 companies will continue to focus on delivering unique customer experiences and trying to differentiate through them.
For instance, in healthcare, patient engagement software will be gaining traction as more and more medical institutions look to improve service quality and create a collaborative patient-doctor environment.
Uncover why Patient Engagement Software is a Must in Modern Healthcare
On the other hand, in areas like retail, experience-based technologies such as augmented and virtual reality will be used to make shopping more immersive and thus unique. From engaging online interactions to experiential retail where customers are offered entertainment and services beyond that of a traditional store — there’ll be no shortage of creative ideas for delivering a memorable experience.
4. Smart Contracts Commonization
Organizations across all kinds of industries are often faced with having to deal with intermediaries. Naturally, these middlemen charge a commission and often take time to carry out their work. Thus, slowing down operations and increasing business costs.
In 2022, companies will seek to avoid these hindrances and will start pursuing blockchain development services more diligently. Specifically, they will turn to smart contracts to eliminate middlemen and automate the execution of specific arrangements.
Find out the Key Things to Know About Smart Contracts
As a result, organizations across the world will begin to expect more transparency in business transactions, higher security, and reduced costs of operations. Hence, the inability to offer that may become a disadvantage even to the most successful firms.
5. Rise of Digital Twins
From logistics to automotive, the Internet of Things has already proliferated a multitude of industries.
In 2022, however, the focus is likely to increase on Industrial IoT solutions as construction, manufacturing, and engineering companies look to enhance operations and boost efficiencies. Specifically, we suspect a rise in the use of digital twin technology.
Digital twins are virtual models that reflect, with utmost accuracy, a specific physical object. Connected sensors on the physical item collect data on how it is functioning and transfer the information onto the digital copy. Thus, helping monitor performance, run simulations, and discover areas of improvement.
So, in the coming year, companies that are looking for immaculate physical asset visualization from afar, real-world scenario testing, and deeper insights into product performance will all be turning to IIoT and digital twins.
Find out how Velvetech Built an IIoT Solution for Anchor Installation
6. Mobile App Development
We won’t spend too much time on this 2022 technology trend as it has topped the lists of priorities for several years now. With the growing amount of mobile devices in the world and new applications hitting the market daily, there’s little surprise that companies will continue focusing on mobile app development in the coming year.
Whether consumer-facing or enterprise, businesses will keep improving their existing applications or start developing new ones to boost organizational growth. The key difference to previous years, though, may lie in the use of innovative technologies to improve solutions.
For instance, some may turn to artificial intelligence for making the app more competitive and unique. So, if that sounds appealing to you — consider investing in mobile app development this year.
Uncover how Velvetech built a Medical Reference App for a Clinic
7. AI-Powered Cybersecurity Activation
As emerging technologies become more widespread and enormous volumes of data continue to be generated, cyberattacks will likely keep growing in volume and complexity. So, it’ll be more important than ever for security specialists to be a step ahead of potential threats.
To do so, AI cybersecurity solutions will have to become more prevalent in business. Thanks to their intelligent machine learning algorithms, malicious activity can be detected in advance and prevented before there is any real threat to an organization’s data.
So, if you believe that your company could benefit from improved levels of security — don’t hesitate to reach out to experts and get a personal consultation. After all, a good cybersecurity solution could end up saving you a lot of time and money in the long run.
As you can see, 2022 is promising to be an exciting year for IT and anyone choosing to embrace innovative technologies for improving their company. From hyperautomation to smart contracts development, there are quite a few areas for business leaders to consider investing in.
At Velvetech, we understand that a one-size-fits-all approach isn’t the right one for many organizations. Hence, we offer an extensive array of custom software development services in order to cater to the unique needs of every company.
So, if you’re looking to identify which IT areas should be your focus in the near future and are likely to bring the highest rewards — reach out to our team. We’ll be happy to discuss a potential collaboration.