by Anika D | Nov 8, 2022 | Emerging Technology
The COVID-19 pandemic has drastically accelerated the pace of technology evolution around the globe in the last two years. In 2022, the global digital population reached the mark of 5 billion, which is approximately 60% of the world population.
Businesses that aim to make it big in the mainstream competition should be able to adapt to this rapid evolution at any cost. Below is the list of the top 5 emerging technology trends of 2022 that will continue to rule the digital arena in the coming times.
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Artificial Intelligence and Machine Learning
AI and ML technologies have taken the markets by storm. Its tremendous growth makes it one of the top technologies of 2022. They are widely used in the healthcare industry. AL and ML boost clinical efficiency, enhance diagnosis accuracy and speed, and improve the patient experience.
Their advanced tools and models can significantly support and improve traditional decision-making and analytics frameworks. Enterprises can hire market experts to know how adaptive AI will change the consumer experience in various sectors.
Cybersecurity
Cybersecurity has been around for some time now. It is a robust technology that protects enterprises’ confidential and sensitive data. It monitors the content, identifies breaches, and strengthens vulnerable areas.
Businesses should invest a considerable amount of their revenue in cybersecurity to maintain the secrecy of their data and gain a lead in the competition. They can also consider hiring the best in the
Blockchain Technology
Blockchain is a centralized distributed database. It ensures 100% transparent and safe financial transactions without any central authority. This technology can help the finance, banking, and healthcare industries streamline their processes.
A distributed ledger system allows multiple participants to access the same data set simultaneously. This technology improves efficiency, removes friction, and builds trust. To get a hold of it, companies must know what are the different blockchain trends in 2022.
Internet of Things
Over the years, IoT has become one of the most important technologies of the 21st century. It has connected everyday objects like cars, kitchen appliances, baby monitors, thermostats, etc., to the internet.
It has added immense value to consumers’ lives and businesses’ competencies. The global market of the Internet of Things will have crossed $260 billion in 2021, and experts believe that sky’s the limit for this technology in the coming times.
Quantum Computing
Quantum Computing uses quantum mechanics laws like superposition to perform complex problem-solving. It helps businesses optimize investment strategies, discover products, and improve encryption.
It is a powerful technology that analyses enormous data sets within a fraction of a second. Even the experts of NASA consider quantum computing a very important technology. They believe it can take computing and analysis to a new level.
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Summing Up!
So, these are the top technology trends of 2022 that businesses should know about. All these technologies encourage a better user experience and higher efficiency. It is high time companies start researching about and consider investing in these technologies.
by Anika D | Nov 2, 2022 | Emerging Technology
If you ever got a chance to be a part of the project management team, you must have encountered methodologies like Scrum and Kanban. Scrum is a part of the agile umbrella, and Kanban is from the Lean philosophy.
These are some of the most popular and used approaches in project management. However, there is another innovative methodology that is a combination of Scrum and Kanban, i.e., Srcumban. It is a hybrid methodology that offers the goodness of two in one.
Experts call it a great fit for continuous and fast-paced projects that suffer due to the limitations of Scrum and Kanban. The best part is that it is a flexible methodology that can be used in long-term and short-term projects. So, let us today understand the nuances of this innovative methodology and see how it can help enterprises scale up their operations.
Scrum and Kanban
Before we start with the why what, and how of Scrumban, let us first understand what Scrum and Kanban methodologies are. So, Scrum is an iterative and simple Agile methodology that breaks down a complex project into manageable and smaller tasks. It offers the concept of sprints. They are pre-defined periods where teams solely focus on the task at hand. It also allows teams to choose sprints for 1 to 4 weeks.
In a nutshell, Scrum works on the concept of perception and observation. Over 70% of enterprises use Scrum to streamline their project management systems. On the other hand, Kanban operates on workflow continuity and visualization. It is also known for its compatibility and simplicity. Scrum believes in revamping the existing systems. But Kanban focuses on boosting its efficiency.
Moreover, a Kanban setup comes with an advanced Kanban board. It has at least three basic columns “Ready to Start,” “Under Review,” “In Progress,” and “Completed.” All these columns display the progress of the project. This multi-functional board makes it easy for the team members to update and view the tasks quickly.
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What is Scrumban?
Scrumban combines the predictability and structures of both methodologies – Scrum and Kanban to ensure a continuous workflow. It can help project management teams benefit from Scrum’s dynamic nature and enjoy the flexibility of Kanban.
So, the crux is that Scrumban is an innovative project management framework. It amalgamates the best features of the top two agile methodologies. It aims to make the project management teams more efficient, agile, and productive. This approach can help enterprises focus on the right strategic tasks and improve their processes significantly.
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Why should Enterprises use Scrumban?
- Enjoy the Best – This advanced methodology allows you to enjoy the best features of the Scrum method by eradicating its shortcomings. It helps the teams analyze data and develop the most feasible strategies. However, engineers should also be aware of the top 7 types of data security technology to protect customer and enterprise data to make the most of it.
- Don’t Limit WIP – The best part about using the Scrumban methodology is that it doesn’t limit the work in progress for each stage. Moreover, it seamlessly resolves team management issues and makes teeming natural. It is a process of coming together and completing a task efficiently and quickly.
- Maintains a continuous workflow – Companies prefer to go for Scrumban as it facilitates maintaining a constant workflow. In other words, once a project is pushed into the process, the rest of the work will be completed with the help of a pull approach. Lastly, do you know that applied observability is the new enterprise IT monitoring trend? You can use it to maintain the health of your data systems. It will directly benefit the project management teams in various ways.
- The clarity in Work – Another advantage of using Scrumban is that it displays the complete list of sub-tasks teams need to undertake. The stories pass through various planned stages. Moreover, they also have clarity about which team is working on which project.
- Creative Approach – Project management professionals appreciate Scrumban as it eradicates monotonous retrospectives. It allows the members to voice their concerns and discuss impediments.
- Continuous Improvement – Another benefit of going for Scrumban is its focus on constant improvement. Companies that incorporate Scrumban saw a 41% increase in their productivity. It allows the teams to brainstorm the issues and resolve them as soon as possible.
- Enables Visualization – Scrumban allows the teams to visualize all the steps in your workflow. This process helps eliminate unnecessary steps and identify areas for improvement.
- Optimal Utilization of Resources – In Scrumban, there are different build-ups for iterations, production issues, and product releases. It ensures that the project teams remain focused and productive by utilizing all the available resources.
- Utilizes the Pull System – Scrumban uses the pull system to correct uploaded projects’ technical errors. It strengthens and accelerates the team-building process.
- Allows Retrospective Meetings – Scrumban enables the project teams to set up review meetings as and when needed. The result is process improvements, the development of cross-functional teams, and a reduction in ideal time.
How does Scrumban Work?
Are you planning to develop a Scrumban framework for your project team? If yes, here is a step-by-step guide for your reference.
- Develop a Scrumban Board – It will act as your central workflow tool. However, avoid adding too many columns in it to avoid confusion later on.
- Determine your WIP Limits – The second step needs you to set your limits. Ensure you keep an attainable limit to prevent your teams from becoming frustrated and overwhelmed.
- Set Team’s Priorities on Scrumban Board – Scrumban allows you to establish the priority order of all the projects listed on the board. The project teams will decide who will handle which tasks.
- Prioritize Projects – With Scrumban, work is continuous and has no time constraints. Teams can prioritize the most urgent projects and complete them as per available resources and deadlines.
- Set Daily Meetings – Scrumban allows teams to conduct short stand-up meetings to strategize their next moves and combat present challenges.
Bottomline
So, this is all about Scrumban methodology. It has originated to identify the best solutions to boost output and reduce waste. It portrays projects in a new way, making them more attainable and approachable.
by Anika D | Oct 25, 2022 | Emerging Technology
Applied observability or data observability is a tool used to understand an enterprise’s data systems completely. You see, enterprises heavily rely on their data for major business decision-making and operations. Therefore, they must have the latest and high-quality data in hand. It is where data observability comes into the picture.
With well-applied observability, businesses get clear visibility into their data pipelines. It empowers the teams to develop processes and tools to apprehend how data flows in an enterprise. It also helps in identifying the bottlenecks and preventing data inconsistencies and downtimes. Keep reading as we delve deeper into this technology and understand the factors that are making it a leading monitoring trend.
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What is Making Applied Observability a New Trend?
Data observability helps boost the entire data operation processes by:
- Enhancing the usefulness, quality, and comprehensiveness of the data for more precise decisions with full context.
- It also ensures that the data is timely delivered to the concerned department.
- It helps in delivering higher trust in data. The result is that enterprises can make more informed data-driven actions.
- Data observability also helps improve the responsiveness of the data operations team to the enterprise and meet the organizational goals
- Applied observability also helps in SLA tracking. It can assess the pipeline data and data quality against predefined benchmarks.
- Data observability is beyond alerting and monitoring. It allows businesses to understand their data systems, helps them fix data issues, and proactively prevents them.
What are the Drivers Behind Applied Observability?
The modern digital economy and digital transformation have exponentially boosted the data volumes used in enterprises. As per the latest reports of IDC’s Global Datasphere, over 59 ZB of data was generated, copied, captured, and consumed by the world in 2020.
And it also predicts that this growth will continue through 2024 with a CAGR of 26%. Another contributor to this IT monitoring trend is the increase in data replication across enterprises, usually for analytics. Over 70% of organizations will use this technology by 2026 to attain shorter dormancy for decision-making. It will also help them gain a competitive edge in IT processes.
Along with this, enterprises are also concerned about the security of their confidential data. Going for a digital immune system can be a wise idea here. Managers should meet the experts to understand how the new digital immune system is helping enterprises in 2022.
Moreover, a major portion of the data is transferred through emails. Knowing the best practices to avoid email security compromises can help enterprises protect their data.
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Bottomline
So, this was all about data observability. It is an innovative way of monitoring, alerting, tracking, comparing, and analyzing data across the pipeline. Its ultimate motive is to provide crisp insights to organizations and help them make informed decisions and attain business goals. Enterprises should create a special team to handle data observability operations effectively.
by Anika D | Oct 22, 2022 | Artificial Intelligence
When it comes to AI, technology has certainly transformed several industries. Whether it’s medical or retail, AI has taken the whole world by storm. While that is true, there is another concept called adaptive Artificial Intelligence, which can update its code and include the things that it has learned through new data.
It also suggests that adaptive AI can transform the customer experience in various sectors and ensure that the brand maintains good relationships with the customers. Wondering how it can do so? Read through:
Working Principle of Adaptive AI
The working principle of adaptive AI is quite simple to understand. It works by learning and monitoring any new changes that are made to both input/output values, plus any events that affect customer behavior.
Put simply, if there is something that a customer likes/dislikes, the adaptive AI will learn from that particular feedback and utilize it to come up with efficient and data-informed decisions. This eventually provides quick solutions and an overall good experience for the customers. As 55% of customers would pay more to get a better customer experience, adaptive AI is an important aspect for businesses.
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Adaptive AI works on three important factors, robustness, agility, and efficiency. While robustness helps to come up with high algorithmic accuracy, efficiency ensures better performance and low resource usage. Agility, on the other hand, is focused on transforming operational conditions as per the given requirements. With all these features, AI is revolutionizing out-of-home advertising for small businesses.
Ways By Which AI Can Transform Customer Experience
Now that you know about Adaptive AI and how it works, let’s learn some of the ways by which it can transform the customer experience:
Chatbots
One of the most useful benefits of adaptive AI is the chatbots, that is ideal for improving the chating experience and ensuring the customer
experience that the buyers need. Whether in retail or healthcare, AI technology has been exclusively used in many industries and is changing the future of work. It uses several data sources, starting from databases to websites, to improve the service without human intervention. It can ensure accurate replies and personalized messages, so customers can get a real-time feel.
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For this reason, chatbot’s market revenue is likely to shoot up to 454.8 million USD by 2027.
Edge Computing
Adaptive AI has also shown promising effects in adjusting to the computing needs of edge systems. Its outstanding support can ensure that you do not require much compute horsepower or memory resources whatsoever.
It also helps the edge applications to adjust as per the workload that corresponds to the requirements and the atmosphere. Additionally, it’s useful for processing locally on edge systems.
That’s it. Hopefully, now you know how adaptive AI is useful for transforming the customer experience in various sectors.
by Anika D | Oct 18, 2022 | Emerging Technology
The concept of sustainability has been around for some time now. Sustainable practices enhance the quality of our lives, preserve natural resources, and protect our ecosystem. It is a holistic approach that includes everything from production to customer services to logistics.
Information Technology has been the latest addition to this list. You see our natural resources for finite and are depleting at an alarmingly fast rate. You would be surprised to know that the global material footprint increased by over 70% in 2017.
Sustainable IT or Green IT includes manufacturing, management, use, and disposal of IT such that it has minimum impact on the environment. Stay with us as we shed light on how sustainable IT revolutionizes the environment and social approach.
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How Does IT Affect Resources?
Corporate offices, desktops, servers, and laptops rely on constant energy sources. Besides resource consumption, these devices are also responsible for harmful GHG emissions. It is particularly true when a new IT device is built.
Studies say that around 81% of the energy a computer system needs in its lifetime is spent only during its formation phase. Energy consumption continues even after the technology enters your office. The majority of technology devices generate heat, especially servers. Therefore, additional energy is needed to cool these computing machines.
How Sustainable is IT Making a Difference?
Sustainability has become a way of life that the world needs to adopt to combat climate change. The IT industry is presently the highest used office hardware, having a massive impact on the planet.
Work-from-home has become the new normal, boosting the demand for portable IT equipment and laptops. Besides this, remote learning also creates an extra burden on fast-depleting natural resources.
The concept of sustainable IT recommends using functional second-hand laptops and reprogramming them to be as good as new. These refurbished laptops reduce the negative impact that the new devices bring.
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Tips to Make an Impact Towards Sustainable IT
Here are some thoughtful ways in which companies can make an impact with sustainable IT:
- Collocate and relocate Servers to maximize the data center space and minimize the energy and cooling costs.
- They should follow best data center practices like automating light, outdoor cooling, and security. Apart from this using outside air cooling and unplugging devices when, not in use are also effective ways to save energy.
- Migrate to Cloud energy and use state-of-the-art IT tools. However, they should also know the best cloud security practices to protect their confidential data.
- Purchase and promote devices that are renowned for energy efficiency.
- Offer rewards and rebates to teams that promote sustainability in the office.
- Employees should be free to identify the most efficient, sustainable IT practice for their teams.
- Management should also know the top enterprise technology trends to watch in 2023 and identify ways to incorporate them sustainably.
Bottomline
So, this was all about how sustainable IT is revolutionizing the entire world. Companies should take this approach seriously and make every possible effort to preserve as much energy as possible for future generations.
by Anika D | Oct 15, 2022 | Emerging Technology
What is the Digital Immune System? It is a holistic approach to protecting systems and software from viruses and malware. It combines various technologies and practices from software development, design, operations, analytics, and automation.
You see, companies face unique and uncalled-for challenges while ensuring robust operating environments, reliable end-user experience, and accelerated digital delivery. Besides this, consumers’ expectations have also changed over time. They expect more than functionality from their favorite brands.
They want high performance with complete security for their personal data and transactions. An advanced DIS can cater to all these requirements efficiently. Stay with us as we delve deeper to understand how the new DIS can help enterprises attain their organizational goals effectively.
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Why should Enterprises go for The Digital Immune System?
Better User Experience
Do you know that around 48% of enterprises aim to improve customer experience? The Digital Immune System is a powerful tool to help enterprises attain this goal. It aims to offer a better user experience and minimize system failures that can affect business performance.
Moreover, DIS also does a great job of protecting services and applications. It makes them robust enough to recover swiftly from technical glitches and failures. Meanwhile, engineers can also keep an eye on the best practices to avoid email security compromises to ensure 100% security.
Rapid Response System
The Digital Immune System also aims to provide a rapid response time to enterprises. It enables them to eradicate viruses as soon as they enter the systems. The immune system keeps a tap on such viruses, captures them, assesses them, adds detection and protection against them, and removes them completely from the systems. This process helps in reducing downtime by almost 80%.
Improve Software Quality
The Digital Immune System can also help businesses in improving their software quality. It will further enterprises in reducing errors, reducing overhead costs, boosting customer confidence, and increasing their market share. Furthermore, better quality software can also cut maintenance costs and enhance product safety.
Innovation
A secure online environment will encourage enterprises to develop more innovative and thoughtful products and services for their consumers. The teams will be highly motivated to attain the organizational vision. Moreover, a malware-free manufacturing system will also encourage smoother supply chain management and delivery management.
Helps in Developing Resilient Software Applications
Software engineers constantly look for advanced approaches and practices to mitigate unexpected failures and digital debt. The digital immunity approach provided a systematic and secure roadmap to them.
It helped them develop resilient applications that can detect and retort to various issues ranging from security vulnerabilities to functional bugs and data discrepancies. To make the most of it, engineers should stay abreast with the top enterprise technology trends to watch in 2023.
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Bottom Line
So this was all about the new Digital Immune System and how it can turn the tables for enterprises. Companies should consider investing in this latest technology to boost functionality and productivity.
The right strategies used at the right time can help them boost conversions, brand loyalty, and brand awareness. All these things will ultimately improve their ranking and emerge as a leader in the cut-throat competition.
