5 Technology Trends Shaping Business Priorities

The news is full of technology trends, but not all of them will be right for your business strategy.

Technology trends are always changing, and the COVID-19 pandemic played a strong role in advancing the digital transformation plans of companies trying to keep pace with of-the-minute changes. But not all business technology will be right for every company. Here are five you may want to consider as a part of your strategy:

The Expansion of 5G and 6G Connectivity: Following years of anticipation, it seems that 5G is just barely being utilized as conversations about 6G are beginning to take shape. The reason for this fast progression is rooted in the increased necessity of internet reliability. The growing internet of things (IoT) role in business and daily life requires the internet economy to be driven forward.

Cisco’s Visual Networking Index update for 2018 predicted that by 2022 there would be a 1.4 billion increase in the number of people accessing the internet, a total of 60% of the global population. The increased consumption of data requires additional investment in infrastructure, which is why you should start hearing about 6G more and more.

Blockchain Is Booming: An innovative distributed ledger, blockchain equips companies to uniquely track each transaction to do business with unverified parties. From gaming to finance, blockchain’s benefits are being applied. They include transparency, security, immutability, decentralization, and append-only data practices.

Even if you believe that blockchain doesn’t hold immediate benefits for your company, it’s a good business technology to become familiar with because you’re likely to encounter it in the near future.

NFTs Offer Ownership of Something Bigger: The non-fungible token (NFT) is essentially computer code and data that signifies the ownership of something. It may be online like digital real estate or partial ownership of a digital video game. It could also be physical property, such as real estate or a painting. An NFT may also be a bit of both, such as the rights to naming a room in a hotel. NFTs are offering individuals and businesses the opportunity to own a part of something bigger than themselves.

The Metaverse Emerges: While the metaverse is still taking shape, it will invite user interaction in a combination of online gaming, social media, augmented and virtual reality, and cryptocurrency to form a digital reality. As one of the buzziest technology trends of the year, it won’t just be a place to play or meet friends: it will also be a place to work. You can expect that the metaverse will impact many business technologies, and it won’t be limited to social, gaming, and consumer technology. You can expect that early in its availability, it will also be influencing communication and health care technologies.

More Data, More AI, More Cloud Computing: The same forces that have been shaping predictive analytics and delivering ever-improving customer and user experiences will continue to grow in the next year. Companies saw that what initially seemed like optional technology trends were essential in the remote work environment introduced by the pandemic. From virtualized networking to cloud-based communications, business technology investment is prioritizing those solutions that equip workers for increased productivity in a work-from-anywhere strategy.

Not every one of these technology trends will be on your priority list for 2022, but you can assume that every one of them will impact your business in some fashion in the future. Contact us at ITBroker.com to learn more about solutions best fitted to your priorities.