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Tech Talk

Top Connected Technology Trends to watch out for in 2021

Episode 4

Published: January 25, 2021

In 2020, we witnessed the rapid adoption of digital technology that enabled newer operating models. In this tech talk with Raghuveer Subodha, Senior Vice president & Head of Emerging Technologies at Virtusa, we explored key trends to watch out for in the year ahead.

 

Key trends:

  1. High demand for artificial intelligence (AI) – All aspects of explainability becomes important for a pragmatic approach. The focus will be on leveraging combinatorial technologies such as cloud and AI, and not standalone AI solutions. AI services will become part of mainstream application development.

  2. Empowered Edge – will lead to the creation of distributed cloud that acts as mini data centers. With such cloud strategies moving near/to Edge, intelligence and decisioning will become extremely critical.

  3. 5G – More than the technology alone, 5G will be the fulcrum to render experiences, powering innovation and helping firms to drive true business transformation.

  4. The era of Low code No code (LCNC) – Whether it is developing focused business solutions or creating business process workflows, thereby tieing it back to interfaces and middle-tier, LCNC way will be key. It will also enable speedier business transformation.

  5. Cybersecurity mesh – With the growing demand for Edge computing, cybersecurity will play a pivotal role in ensuring Edge security. Other aspects include distributed security, creating governance framework and policies centrally, and deploying the polices in a distributed fashion to provide higher security quality.

  6. Recasting automation demands – Turning all the current back-office processes to a higher form of automation in a low code no code fashion.

  7. Blockchain and cryptocurrencies awakened – Asset managers will move towards crypto. There will be a growing emphasis on pushing regulations, laws, and policies to drive higher adoption. Supply chain disruption during the pandemic has strengthened the case for blockchain technologies thanks to the ability to manage the supply chain seamlessly and leverage IoT for constant monitoring and decisioning.
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