In 2012 Kodak went bankrupt. A company that was once totally revolutionising the world of photography ended up shutting down its operations. So what happened? Well, according to the Wall Street Journal, one of the biggest reasons for the company’s demise was top management’s inability to properly grasp how their industry was changing.
Any business looking to stay ahead of their competitors needs to always be looking forward and keeping an eye on the latest IT trends. Which is easier said than done because we all know that the technology industry is constantly changing.
If you’re a CIO looking to allocate your 2017 budget to innovations that boost productivity, streamline processes and make it easier to get the job done, it’s important to make the right investment. Lucky for you, this blog highlights some of the biggest trends IT departments should be taking note of in 2017.
Cloud computing: Industry experts predict that the cloud is poised to become so ubiquitous that the term itself will be superfluous. This year, cloud solutions are going hybrid. A hybrid approach to cloud incorporates on-premises, public and private cloud applications. This strategy makes sense for CIOs who are looking to scale up or down depending on their needs but who also want to have additional security measures in place to safeguard sensitive corporate data.
Artificial intelligence: Machine learning, deep learning, natural language processing – these technologies are capable of doing exactly what their names suggest. In 2017 we’ll be exposed to computer systems that have the capacity to adapt, think, and predict behaviours. This is one of the IT trends we think you should be keeping tabs on because the insights garnered from these thinking machines could provide you with invaluable information about your customers and help you to better understand how they think and what they need.
Data security and privacy: With advances in how technologies can help us, come advances in how it can hinder us. Security and privacy remain key concerns this year. When you consider how many devices are being connected to corporate networks, it’s important to build applications and solutions with security in mind. And because organisations are privy to so much information about their customers, they need to have the right policies in place to adhere to data governance standards.
Augmented reality/Virtual reality: 2016 was the year that virtual reality (VR) made its comeback. And in 2017, this IT trend is only set to get bigger. Similarly, savvy CIOs will also be looking to augmented reality (AR) as a way to transform how they target future customers. By bringing remote locations and experiences to life and intermingling the physical and digital worlds, these IT trends are predicted to totally revolutionise how customers interact with a product or service.
But just because these may be some of the latest IT trends doesn’t mean that they all are the best fit for your business. When dishing out your IT budget, it’s best to allocate funds to technologies and solutions that offer the greatest business value. Lucky for you, we’ve compiled a 5 Step Guide to IT Department Budget Development. You can download this guide here.