The year 2021 is ending, and we have suffered a lot, pandemic, inflation, unemployment, climate change, shifting political and economic power, etc., but it also brought some fortunes. The digitization and automation laced with technological advancements have accelerated SMEs to advance business modules faster. Technologies and innovations have already begun to transform the whole way of doing business worldwide and will shape the industry’s future or, more precisely, “we are entering the future in 2022”. We now bluntly, our world is changing fast, so organizations are rapidly evolving to adapt accordingly.
The major makeover of the business fraternity can be predicted as follows:
The ML and The AI
The changing demands of customers will give a solid push for ML/AI adoption but not the same way. The technology has shifted to in-path ML (Machine Learning) to store and analyze the incoming data in real-time. DevOps and ML have combined to create MLOps. On the other hand, ML and AI have been integrated to improve operations significantly and optimize workloads. AI will help deploy ML in a substantially faster way. The advancement in AI will continue to benefit organizations and affect the customer experience in 2022 and beyond.
The Evolved Chatbots
The evolution of chatbots depends on ML and NLP Natural Language Processing that has advanced in recent years. You will witness evolved and much more intelligent chatbots with higher capability in conversation and other tasks. The Chatbots will continue to be, but in a better way, the conversational assistants and lead generators round the clock in the businesses, especially e-commerce. Organizations have already started using them to enhance customer experience, laying the foundations to raise this innovation to greater heights. Collaborative Robots are invented and programmed to interact with us directly. Companies have discovered that Chatbots help to enhance productivity.
The Digitalized Supply-chain
The current supply chain bears enormous stress, which results in increased consumer prices and slows down global economic recovery. The digitization of the supply-chain, supply-chain 4.0, will be very significant to simplify the complex global supply-chain issues in 2022. The supply chain transformation to a digital one, i.e., Supply chain 4.0, requires an innovative approach rather than the status quo. We cannot ignore the digitization of the supply chain in 2022, and for that purpose, companies should purchase the right supply chain management software.
The IOB or Internet of Behaviors
The Internet of Behaviors (IoB) is the behavioural data analysis gathered from the Internet of Things and other sources to understand how, when and why we use technology to make purchasing decisions. It combines three study fields, behavioural science, edge analytics, and the Internet of Things (IoT). IoB is designed to collect and analyze data from various household digital home devices, wearable computers, and our online activities in terms of behavioural psychology that we can use to influence future consumer behaviour. IoB helps you understand and monetize the massive data produced by network nodes in the Internet of Things.
The Connected Clouds
The pandemic has already accelerated the shift to cloud-based technologies to scalability to increase or decrease the capacities with business demands. Cloud adoption enables us to be better equipped to face unforeseen events like the current pandemic. The year 2022 will accelerate the adoption of cloud technologies among companies. A rise in sales of cloud management software has already been seen. Many of us will confuse going full public or complete as both have pros and cons, increasing multi-cloud users. Tech giants like Amazon Web Service (AWS), Microsoft Azure, IBM, Google, and Alibaba are private and public.
Hyperautomation is an unavoidable tool for companies who want to be future-ready. Hyperautomation combines process automation, integrating technologies that enhance and automate workability. AT ITS CORE, having RPA or robotic process automation (RPA) eases automation capability with artificial intelligence (AI) and process mining, etc. Hyperautomation can quickly identify, assess and automate several processes to aid the growth of the business. It is a promising technology to offer the perfect solution to global supply chain incompetency.
The Faster Connectivity – Wi-Fi 6
Wi-Fi 6, the upgrade of Wi-Fi, is a speed boost with improving the network when multiple devices are connected and send data to them in the same broadcast. The Wi-Fi Alliance, the authority making standards in Wi-Fi technology, changed the naming strategy, applicable to previous versions, making it simple for those who are less techy. Now 802.11n, 802.11ac, and 802.11ax will be referred to as Wi-Fi 4, Wi-Fi 5, and Wi-Fi 6. It offers a 4Xfaster download speed, saving our connection from disconnections and data consumption. Introduced in 2018, Wi-Fi 6 is supported by Tech Giants like Apple and Samsung. The Latest iPhone and Samsung Galaxy already have access capacity for Wi-Fi 6 la. Intel’s 10th generation processors will also make Wi-Fi 6 accessible via laptops.
The Digital Financial Reporting
ERP or Enterprise Resource Planning, the Cloud financial solutions provide businesses forecasts for short- and long-term finances. The ERP automation and coherent innovation will continue swiftly to create opportunities and simplify processes. The most expected addition of Blockchain to the mix is forecasted to accelerate this trend. This will unleash the capacity of entrepreneurs to add value to their businesses. The finance will be leaner to function as order-to-cash, procure-to-pay, and transactional accounting, and the support from business finance in terms of business planning, partnering, budgeting, reporting, forecasting, and specialized finance like tax, treasury, IR, etc. will continue to grow.
Blockchain has become a mess as everyone wants to use it, but there’s no standard way to do so. The solution being developed to address this issue is to create a plug-and-play version, and Blockchain would be easy to understand. Blockchain, linked to cryptocurrency, is the most innovative digital transformation of financial services. The transparency gives fool-proof security measures that can revolutionize the whole payment and transaction method: Blockchain, a fantastic technology for cryptocurrency.
The Recognition of ACPC
ACPC or Always Connected PC, a powerful computer that offers unique features like going to sleep without losing progress, can be constantly connected to the internet for over a dozen hours on a single charge. We can do almost everything online on a PC that works like a SmartPhone. All the leading computer manufacturers have shown interest in producing this type of computer. The power of ACPC isn’t something to undermine, and more companies would engage in an intelligent ACPC business partnership suit.
In The Nutshell
The year 2021 brought so much misfortune, excluding the pandemic. The technology jump and its impact on businesses will move towards a world where the fantasy will be factual. The pandemic gave us a once-in-a-generation emotional experience that proved survival of the fittest right practically. Digital transformation and embracing cloud solutions will no longer be the luxurious option but a bare necessity. The best-in-class technology will equip your business to be light-footed. The quick-responding to changing consumer demands will take your business to the next level with cutting-edge forecasting tools. Business intelligence (BI) technology will also help unlock critical insights for business growth. We are sure that 2022 will be a year of more technological advancements.