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Digital innovation in near future

Digital innovation is by far the biggest influencer, changing the way we do just about everything, from shopping to communication to running a business.

Below are the top predictions for IT organizations and users for 2017 and beyond, found on the fundamental effects of continued digital innovation: experience and engagement, business innovation, and the secondary effects that are resulting from increased digital capabilities of the world.

Augmented Reality

By 2020s, the majority of the world will start shopping by Augmented reality.  Using AR applications to layer digital information — text, images, video and audio — on top of the physical world, represents one such route to deeper engagement, both in-store and in other locations. For example, a consumer pointing the IKEA catalog app at a room in his home can “place” furniture where he’d like it to go.

Bot-based Web browsing

The rise of bots and home devices like Amazon’s Echo,  Apple’s HomePod, Google’s Home- are making voice based web browsing a new hit. This is spawning new platforms based on “voice-first” interactions. By eliminating the need to use ones’ hands and eyes for browsing, vocal interactions extend the utility of web sessions to contexts such as driving, cooking, walking, socializing, exercising and operating machinery.

Mobile-Apps Abandonment

Many brands are finding the ROI on mobile based apps are not that fulfilling. New strategies like progressive web-apps are on the rise. New approaches are emerging that have a lower barrier to discovery and install, and offer levels of engagement that approach those of applications at a fraction of the investment, support and marketing cost.

Knowledge Algorithms

By 2020, algorithms will positively alter the behavior of more than 1 billion global workers. Contextualization algorithms have advanced exponentially to include a variety of behavioral interventions such as psychology, social neuroscience and cognitive science.Algorithms can positively alter that behavior by augmenting their intelligence with the large collective memory bank containing knowledge that has been socialized and put to the test. This will help workers “remember” anything or be informed of just-in-time knowledge that they have never even experienced, leaving them to objectively complete the task at hand but also to better appreciate life as it unveils.

Blockchain Technology

By 2022, the blockchain based businesses will be $10billion worth. Blockchain technology is established as the next revolution in transaction recording. Blockchain applications can free up cash, reduce transaction costs, and accelerate business processes. While blockchain development is still immature, it is attracting product and capital investment.

Digital Giants

By 2021, 20 percent of all activities an individual engages in will involve at least one of the top-seven digital giants.The current top-seven digital giants by revenue and market capitalization are Google, Apple, Facebook, Amazon, Baidu, Alibaba and Tencent. As the physical, financial and health care worlds become more digital, many of the activities an individual engages in will be connected. This convergence means that any activity could include one of the digital giants.

IoT Data Demands

The Internet of Things (IoT) has enormous potential for data generation across the roughly 21 billion endpoints expected to be in use in 2020. Of the roughly 900 exabytes worth of data center hard-disk drive (HDD) and solid-state drive (SSD) capacity forecast to ship in 2020, IoT discrete sensor storage will represent only 0.4 percent, with storage from multimedia sensors consuming another 2 percent, for a rounded total of 2.3 percent. This indicates that IoT can scale and deliver important data-driven business value and insight, while remaining manageable from a storage infrastructure standpoint.

 

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