For IT professionals or technology employers, understanding the latest industry trends becomes critical. After all, this important knowledge helps plot tech career paths or the future growth strategies for any business. This information even grows in relevance when considering the consistent change found all over the technology world. Simply put, flying blind in IT likely leads to failure.
So let’s take a high-level overview of some of the latest trends in software and technology. Use these insights to get the right training you need for a successful career. This same rule applies to your company’s employees. Never let a skills gap hamper your chances of success!
Data Analytics Remains Important in Multiple Business Sectors
Companies continue to glean competitively actionable insights from their masses of stored data. Considering the dominance of eCommerce and social media in society, expect large amounts of additional data to be generated. Notably, businesses in multiple industries invest in data analytics to turn this information into true business value.
Count on this critical tech trend continuing for the foreseeable future. It helps companies save money by analyzing and reengineering inefficient processes. They also enjoy improved targeting for advertising and new product development.
Blockchain Revolutionizing The World of Finance
Distributed ledger technology, better known as blockchain, resides at the heart of the FinTech revolution. This technology innovation effectively provides the means to improve data security in the financial world. It also optimizes processing for banks and financial institutions, helping these businesses save money.
Note that while blockchain remains somewhat related to cryptocurrencies, its true impact depends little on crypto. If you work in finance, be sure you understand the nuts and bolts of blockchain technology.
Cloud Computing Remains Commonplace
Businesses migrating some or all of their technical infrastructure to Cloud-based services continues to be common. In fact, those businesses already embracing the Cloud seamlessly transitioned to remote working due to COVID-19. This crucial technology trend shows little sign of slowing down.
AI and Machine Learning Seeing Increased Adoption in Business
In a related fashion as data analytics, businesses increasingly leverage AI to gain actionable information from their data. However, AI and machine learning also optimize other business functions. Look at the increased use of AI-powered customer service chatbots for one example. It also makes an impact in detecting customer behavior patterns, helping companies design more attractive products and services.