2018 awaits path-breaking innovations and developments in the IT Sectorsumit peer
The year 2017 has seen some immense growth and developments in the Information Technology industry. The most important growth harbingers have been Big Data, Automation, Robotics, Bitcoin Blockchain, Machine Learning and Artificial intelligence, Augmented reality and Virtual Reality across the IT globe.
In India too, these domains turned the chain of events in the IT industry, leading to a rise in of need of skilled and sophisticated workforce. 2018 will observe a greater rise in need and demand of skilled and sophisticated professionals who can deal with computationally intensive concepts and domains. These will be in light of the growth of various domains of AI, ML, robotics, automation and other such intelligent domains.
2018 awaits new innovations and developments in the IT Sector. Marketing technology, advertisement technology, health information services, supply chain automation, procurement solutions, pharmaceutical information, and human resource information system will be the focus areas in the years to come, which will bolster the Indian IT ecosystem.
With government, financial sector, start-ups, BPOs betting big on the Information technology, below are the IT modules that will be a game changer in 2018:
• High speed with customization in IT models
Personal customization and with a speedy delivery is going to be at an all time high. Consumers are becoming more and more demanding with every passing day and with the surge of data and information being provided to them.
• Artificial Intelligence and Machine Learning heighten
AI and Machine Learning will come to a stronger position with highly sophisticated and intelligent systems moving around the world. AlphaGo is probably just the beginning and domains of Deep RL, Deep Learning and Neural Networks are beginning to create disruptions in the global industry.
Developments and upgradations in machine learning/ AI have emerged across sectors. From suggesting options for stores, based on purchase history to improving user experience, AI has also built consumer trust. Its push towards a completely different future in the industry is not imaginable right now.
• Crytocurrency or BitCoin
Crypto-currency may go low but the BitCoin industry will only grow and rise with the increasing exposure and push in the domain. With top banking and finance institutions all over the globe making efforts towards development of BitCoin management, it is not long before Bitcoin becomes main stream.
• Big data replaces Good Data
Good data has been on fire the past few years, but industries have realized lately that good data cannot do the job alone anymore. The age of big data is on the rise. It is important that the usable data should be separated from the raw data which puts the need of data analytics at an all time high.
Additionally, accessibility and analytics of data would increase as the need of reliable and usable data increases. Ownership concepts will decrease and subscriptions such as that of Netflix and Spotify will increase. Technology giants like IBM, Microsoft, SAP SE, Amazon Web services have enormously expanded their services in big data this year. New innovators like Hitachi, GoodData, Palantir, MongoDB to name a few, are also making their move, taking the Indian Big Data industry to new levels.
Digital security and information technology security are also on the rise as the surge of data also brings about the risk of newer and more sophisticated threats.