As technology has become more and more disruptive in the last few years, it has become crucial for future entrepreneurs to pay attention to the ever-changing and evolving tech trends to create a more dynamic workplace powered by a productive team.
By understanding the right tech trends, you will be able to create strategies according to the changing market in order to stay ahead of the competition. Here are the top tech trends for future entrepreneurs:
1. Digital workplace
As employees join your organization, what digital tools do they need to get started? Email, shared storage, internal operations, messaging, collaboration, and the list goes on and on.
A digital workplace is the full set of tools that employees use to complete their work, regardless of where they are sitting. In addition to communication tools, you must think about how teams manage processes, projects, and how they share ideas.
Right now, most organizations must use dozens of digital applications to accomplish their work. Digital workplaces are suites that consolidate many of these applications to a single platform and allow users to stay in one environment and remain in context with other users.
Over one-third of the companies around the world are already taking advantage of automation tools for their finance, accounting, IT, procurement, and HR processes. Many of the companies have established large scale projects to automate thousands of business processes.
It’s important to note that for the number of companies that have already adopted automation, there are just as many that are planning to implement automation as part of their digital transformation strategy.
2019 will be the year of adoption and acceleration of automation tools. When combined with other proven technologies like machine learning and artificial intelligence, automation will give budding organizations even more traction for unstructured, semi-structured, and structured content.
3. No-code development
With no-code programming, it becomes possible for users to build and launch applications according to their requirements without writing even a single line of code.
No-code application development platforms are designed specifically for citizen developers or business users who might understand the logic behind the application that needs to be developed, but they may not have the coding or programming skills to create the application the traditional way.
No-code platforms have drag-and-drop tools with intuitive interfaces that simplify the development process for business teams and allow them to create full-fledged applications without any help from the IT department.
Once the application is launched, you can bring the IT team in to scale the application and integrate it with the existing system.
Blockchain is one of the most powerful technological concepts of this decade, and yet many of the current blockchain initiatives do not take advantage of all of its attributes.
Instead of just developing blockchain inspired solutions because it is the latest trend, future entrepreneurs should analyze their business requirements to understand if they truly need blockchain for their business needs.
Even if you aren’t read to aggressively adopt blockchain just yet, you should at least begin to consider implementing blockchain to help reduce friction across different ecosystems, create transparency, and improve cash flow.
5. AI-driven development
Application developers can partner with data scientists to create AI solutions that the developers can efficiently operate alone. For the developers, this means they will have access to AI algorithms as well as development tools to better integrate different AI capabilities into the existing systems.
In fact, it is expected that by 2020, over 40 percent of the application development projects will have AI co-developers working alongside.
6. Edge computing
Majorly driven by IoT, edge computing processes data close to the user, instead of using a centralized cloud service because it helps reduce traffic and latency. But instead of creating a whole new architecture to take advantage of edge computing, tech entrepreneurs can focus on developing cloud services that can be managed as a centralized service, run on centralized services, on-premises distributed services, and on-edge devices.
7. Ethics around digital privacy
Users are growing more and more concerned about how their data is being used and where it goes. Digital privacy has become a big conversation, especially after the enforcement of the new GDPR rules. It is inevitable that organizations who fail to address digital privacy concerns will face backlash from their users. As a result, tech entrepreneurs should keep privacy at the forefront of everything.
Know where the advantage is
Future entrepreneurs need to see where the latest tech trends are moving to know where the best opportunity is for a competitive advantage. Whether it is offering employees a better digital experience, or being able to develop deeper proprietary software, there are many new advantages available. Entrepreneurs will be best served by staying informed of what are legitimate tech trends that will change the industry, and what is just hype.