An article from McKinsey in the fall of 2021 said that we should expect more technological progress in the next decade than we did in the last 100 years put together. And it’s no surprise considering the next-level advances in automation, artificial intelligence, connectivity, and computing power. These recent trends in IT aren’t just adding to what’s already available; they’re exponentially changing the game.
Businesses that ignore these trends and fail to take advantage will be left behind quickly, scrambling to catch up.
Heads in the Cloud
McKinsey estimates that 70 per cent of companies will be using hybrid-cloud or multi-cloud platforms in 2022, which will help increase agility and reduce costs. Within the next five years, Deloitte expects the cloud market industry to reach 640 billion USD.
The advantages are clear. Offloading business processes to the cloud makes organizations nimbler and more efficient. The cloud’s scalability allows companies of varying sizes to take advantage of the current digital transformation of business processes.
For example, Microsoft Azure offers a range of services like servers, storage, databases, networking, software, analytics, intelligence, and more à la carte, so companies only pay for what they use.
Many organizations are using automation to free IT workers from repetitive manual processes, which is crucial in today’s landscape as the IT field shifts from organizational support to leadership.
In 2020, Salesforce surveyed IT and engineering leaders, and 95 per cent said they were prioritizing automation. Considering over half of respondents reported cost reductions of up to 30 per cent, this shouldn’t come as any surprise.
The Microsoft Power Platform combines three apps into one cohesive triple-A loop. Using Power BI, users can reach insights from data and then deploy that data with PowerApps to build custom apps to encourage more intelligent processes, and finally automate these processes with Microsoft Flow.
Blockchain and Blocked Supply Chains
After a year when stimulus-fueled consumer demand strained the global flow of goods, logistics and supply chain management technology should see a healthy deal of activity in 2022. Logistics companies will likely be searching partnerships offering software and hardware solutions for supply chain problems. Blockchain will sure to be a big player.
Much of what you hear about blockchain in the media is about celebrities spending exorbitant amounts of money of NFTs and pictures of monkeys, but blockchain technology has far more impactful applications.
A blockchain is a digital ledger of transactions, duplicated and distributed across a decentralized network, making it difficult to hack. Blockchain can help supply chains by building a comprehensive, transparent, and robust end-to-end account of information, inventory, and financial flows in transactions. This can help facilitate efficient deliveries, track products more easily, streamline financials, and improve coordination among buyers, suppliers, and banks.
Contact us for all your workflow, business intelligence, and mobile development needs, or for innovative solutions to old supply chain issues at https://sheaglobal.com.