Emerging trends of Enterprise Technology in 2023

Emerging trends of Enterprise Technology in 2023
Photo by Lucrezia Carnelos on Unsplash

Enterprise technology helps streamline workflows, provides access to data, and improves communication. It aims to increase the agility, responsiveness & security of an enterprise's technology. An enterprise IT team needs to be aware of the range and extent of technology to evaluate where it is necessary within the enterprise.

Technological trends have the potential to impact businesses to grow, save costs, improve revenue & the bottom line or more. Companies and technologists can use these trends to assess their impact on business strategies, maximizing data value. It helps to protect and build a brand.

Gartner expects the technological trends of 2023 to impact enterprise strategies in the coming few years by enabling them to address critical priorities like

  • Optimizing - Optimizing resilience, operations, or trust
  • Scale - Scaling productivity and customer value by advancing solutions, product delivery, and connectivity
  • Pioneering - By customer engagement and accelerated responses
  • Sustainable technology - Pursuing solutions that offer sustainable technology

Innovations in the enterprise technology field have always helped transform business processes, and some of the top enterprise technological trends for 2023 are -

  • Metaverse: The term was first coined in 1992; recent years have seen a marked shift. There is a proliferation of affordable augmented and virtual reality (AR / VR) technology & the current Covid-19 pandemic has catalyzed the acceptance and importance of the digital worlds for human connection and interaction. It is estimated to become a USD 800 billion market by 2024. Metaverse can be considered an enriched alternative to email, text chat, etc. Over the next few years, virtual interfaces will continue moving from being seen as tech to toy to a tool where enterprises can build business models, and innovative companies can reduce costs, increase customer engagement, and pioneer new offerings.
  • Artificial intelligence: Computers that were seen as the technological edge have given way to machines that encroach on humanlike tasks beyond the basic number crunching and entering the world of discernment and decision-making via artificial intelligence. Many organizations are deemed data-driven; some even call themselves AI-fueled companies. Evidence suggests that enterprises that use AI pervasively perform at a higher level and with an AI strategy are more likely to achieve their goals. According to a survey, 73% of businesses feel that AI is critical to their success.
  • Multi-Cloud Management: Most enterprises today have multiple platform-as-a-service tools, and many businesses use more than one cloud platform for their business needs. Consolidation of operations with a single cloud provider may not be likely, and a multi-cloud environment seems to be the dominant thread for the foreseeable future. But, intelligent enterprises are unwilling to go along with the combination, permutation & complexity created by the multi-cloud environment and the increasingly growing technology footprint. An approach known as Metacloud involves building a layer of compatibility that provides access to standard services like storage, computing, AI, data security, operations, governance, application development, and deployment. This layer is above the various cloud platforms businesses employ, leveraging the technical standards through APIs. The result is that applications can still have the strong security that the cloud provides but with the centralized control that Metacloud provides through a standard interface, giving administrators centralized control over multiple cloud instances.
  • Flexible workforce: The Covid-19 pandemic created workforce shifts that persist, with most of the technology workforce still opting to work remotely, creating a very fluid workforce. Over the next few years, the tech talent crunch may still impact the bottom line. Deloitte Research has shown that the traditional job concept is the main hindrance to growth, agility, diversity, and inclusion. Organizations are pivoting toward talent models that focus on skills rather than jobs. Skill-based organizations are likely to retain high performers by 98% and place them effectively by 100%. Enterprises that develop a flexible approach can find their source talent. And instead of hiring, such enterprises can outsource, offshore, train, or retrain the talent.

In conclusion, enterprise solution development can help facilitate the transition and find enterprise technology. It drives digital transformation for an organization. Enterprise technology trends allow businesses to align technology innovation with their strategic objectives.

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