The pace of innovation in information and communication technology over the past few decades has radically transformed the way businesses operate and interact with each other, according to research firm Frost & Sullivan.
“Intelligence” is being viewed as the next step in IT evolution, with disruptive technologies being developed and deeply permeating various applications and markets all around the world, the firm noted.
In its latest analysis, Frost & Sullivan identifies top technologies that have the ability to disrupt existing markets. These include artificial intelligence (AI), blockchain, 5G, cyber security, mixed reality, natural language interaction (NLI), small data, hyper-converged systems, everything-as-a-service (XaaS), and robotics process automation (RPA).
The Internet of Things (IoT) is emerging as a new paradigm for data collection, the firm said, as IoT endpoints generate huge amounts of data that enterprises need to analyze in real time to glean actionable insights. As of today, only 0.5 percent of all data generated is ever analyzed and used by enterprises.
“Organizations are increasingly relying on technologies such as advanced analytics and AI to interpret interesting patterns in the data collected and deliver meaningful insights,” said Swapnadeep Nayak, Frost & Sullivan TechVision senior industry analyst.
Another technology with huge potential is blockchain, which is expanding its application scope beyond banking and financial institutions into a range of use cases across industries, said Kiran Kumar, Frost & Sullivan TechVision program manager.
The convergence of blockchain and IoT, combined with big data analytics, is proving to be a viable solution to many challenges such as the authentication and authorization of IoT edge devices. As a result, this will help secure mesh networks, the firm said.
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