Tech Trends 2016
Innovating in the digital era
Deloitte’s annual Technology Trends report examines technology put to practical business use. The theme of this year’s report is ‘Innovating in the digital era’. In it, we discuss eight trends that give today’s CIOs – across industries, geographies and company sizes – opportunities to shape tomorrow for every corner of the organisation by transforming ‘business as usual’.
The report explores how Deloitte believes the trends will influence IT leaders and disrupt the way businesses engage with their customers. And, building on last year’s report, we have examined the cyber security implications for each trend.
Many IT organisations are progressing beyond the traditional single-speed delivery models that work well for high-torque enterprise operations but not for high-speed innovation. While some do have needs at both ends of the speed spectrum, they often find that bridging the gap between the two is difficult. A growing number of CIOs are building capabilities that link the two edge points or operate along the continuum, with targeted investments in process, technology, and talent to reengineer the business of IT, enabling delivery at the right speed for the business.
Augmented & virtual reality go to work
The future of mobile is tilting increasingly toward wearables, especially as augmented reality and virtual reality solutions hit the market. Long the objects of sci-fi fascination, the looming potential of AR and VR technologies lies in the enterprise with capabilities that could potentially reshape business processes, or fundamentally recast customer experiences. While the consumer world waits for the dominant AR and VR players to emerge, the enterprise can fast-track adoption - and begin the process of fundamentally reimagining how work gets done.
Internet of Things: From sensing to doing
Increasingly, forward-thinking organisations are focusing their Internet of Things (IoT) initiatives less on underlying sensors, devices, and “smart” things and more on developing bold approaches for managing data, leveraging “brownfield” IoT infrastructure, and developing new business models.
Meanwhile, others are developing human-impact IoT use cases for boosting food production, cutting carbon emissions, and transforming health services.
What impact will IoT have on your business and on the people around you? Rapid prototyping can help you find out.
Reimagining core systems
Core systems that drive back, mid, and front offices are often decades old, comprising everything from the custom systems built to run the financial services industry in the 1970s to the ERP reengineering wave of the 1990s.
Today, many roads to digital innovation lead through these “heart of the business” applications. For this reason, organisations are now developing strategies for reimagining their core systems that involve re- platforming, modernising, and revitalising them. Transforming the bedrock of the IT footprint to be agile, intuitive, and responsive can help meet business needs today, while laying the foundation for tomorrow.
IT may soon become a self-managing service provider without technical limitations of capacity, performance, and scale. By adopting a “build once, deploy anywhere” approach, retooled IT workforces - working with new architectures built upon virtualised assets, containers, and advanced management and monitoring tools - could seamlessly move workloads among traditional on-premises stacks, private cloud platforms, and public cloud services.
Blockchain: Democratised trust
Trust is a foundational element of business. Yet maintaining it - particularly throughout a global economy that is becoming increasingly digital - is expensive, time-consuming, and, in many cases, inefficient. Some organisations are exploring how blockchain, the backbone behind bitcoin, might provide a viable alternative to the current procedural, organisational, and technological infrastructure required to create institutionalised trust. Though these exploratory efforts are still nascent, the payoff could be profound. Like the Internet reinvented communication, blockchain may similarly disrupt transactions, contracts, and trust - the underpinnings of business, government, and society.
Data is a foundational component of digital transformation. Yet, few organisations have invested in the dedicated talent, platforms, and processes needed to turn information into insights. To realise data’s full potential, some businesses are adopting new governance approaches, multi-tiered data usage and management models, and innovative delivery methods to enable repeatable results and scale. Indeed, they are treating data analysis as a strategic discipline and investing in industrial-grade analytics.