2017 has been a remarkable year for digital transformation. Machine learning, AI and Big Data are some of the technologies that dominated 2017. Advancements and enhancements in these technologies will continue for coming years – but what can we predict for the IT industry in 2018? Will AI prove to be a job creator or a destroyer? Will global tech-giants have to self-disrupt to shape their new leadership opportunity? Will 2018 prove to be a slow death for IT specialists?
Today, tech innovations arrive faster than most of the enterprises can cope up with. All too often, before one innovation is embraced and implemented, other two appear on the horizon. To cope with these endless innovations, CIO’s of the enterprises must bitcoin roulette pursue and excel the role of a business strategist first and secondly as a technologist, thereby developing an appropriate pace for the digital transformation.
Rates of innovation and progress wouldn’t slowdown in 2018. Hence, we have pulled together some impactful technology predictions for 2018 to watch and plan for:
Prediction #1: Global tech-giants will deliberately self-disrupt
Global tech giants like Amazon, Facebook, Apple, Google, Microsoft, Alibaba, Baidu have brought innovations by exploring the previously unexplored options such as conversational UX, Chatbots and voice and visual search. Eventually, their influence has grown so large that now it is tough to find fresh external areas to innovate. Thus, these tech-giants potentially self-disrupt their revenue bases to create new opportunities.
For instance, Apple’s recent face ID launch vs its touch ID and AWS lambda versus traditional cloud virtual machines sets example for the self-disruptions of the tech-giants.
Prediction #2: Blockchain based cryptocurrencies will contribute trillion-dollar business value to the banking industry
According to CNBC report, the total value of all the digital currencies (about 1300 different cryptocurrencies) combined is over $588 billion with bitcoin value dominating the market. This market capital value is bound to cross $1 trillion, looking at the increase in market interest. Blockchain technology has a real place in the future of technology- regardless of the price of the Bitcoins.
Prediction #3: Rise in roles of IT Versatilists
It is predicted that, globally, the IT sector is going to face an enormous job churn in 2018, where it will add some 1,00,000 new job profiles while eliminating only 80,000. AI related job creation will touch 2 million net new jobs.
Today, IT specialists account for about 42% of the entire IT workforce. According to Gartner, in coming years 40% of IT workforce will be IT versatilists and we would witness a fall of more than 5% in hires of IT technical specialists. The role of an IT versatilists would be more of a business strategist, rather than of a technologist, scaling the digital business of an enterprise.
Prediction #4: Increase in digital commerce for the brands that revamp their websites to support visual and voice search
Visual and voice searches are transforming the engagement of users with digital channels. With the emergence of voice assistants like Alexa, Google Assistant and Siri, voice search queries hold the majority for the fastest growing mobile search type. Visual search, on the other side provides more accuracy in a search, for, a picture speaks more than a thousand words.
Huge investments that the tech giants like Apple