What to Expect in Technology World

Technology - The Technology Trends That Will Shape Automation This Year

While we may not be ready to call 2021 still a post-COVID world, numerous lessons learned in 2020 will influence how the world conducts business this year.

Organizations all throughout the world have made significant progress in their digital transformation efforts. To pivot and adapt in a fast-changing world, many people were obliged to throw cautiousness to the wind and take hasty decisions about investment and adoption of certain new technology as a result of the pandemic.

Organizations now know that, in order to succeed, they must be always prepared for change, which has finally led them to realise that they require IT systems that allow rapid change and agility.

The following are a few key trends that are going to dominate the market throughout 2021.

1. AI to become cheaper and also more accessible

As organisations begin to grasp the technology's truly disruptive potential, the number of AI-based solutions will continue to rise. As a result, every company can now afford to use AI features that were previously only available to major corporations.

2. Business process management has come back

The death and again rebirth of the BPM industry have been predicted many times, but COVID-19 has reasserted its significance.

A robust business process automation system is essential for keeping people linked and ensuring that corporate operations continue regardless of the circumstances.

3. Hyperautomation demand will integrate the modern workforce

While the year 2020 was spent in buying RPA bots and also AI services, the year 2021 will be all about scaling these technologies and realising their full potential.

They'll need hyper automation to integrate the modern workforces with humans in charge to do this.

4. Low-code will become the new cloud

A company might just be a cloud company in the early 2000s. Cloud computing, on the other hand, is now an infrastructure and delivery technique for whatever a corporation does. Over half of major businesses will have chosen low-code as a strategic strategy for app development by 2023.

5. AI growth will increase data privacy tension

When humans started gathering data and taking decisions about it, many privacy regulations were enacted. Nonetheless, today's AI systems can rapidly receive, analyse, organise, and act on massive amounts of data.

6. Disruption will be the new normal

The pandemic's ongoing market uncertainty, combined with the apparently never-ending acceleration of change, will make every day a possible 'new normal.'

7. The micro-fulfillment advantages

With e-commerce sales at an all-time high, businesses' top priorities are to get orders to customers as soon as feasible and at a low cost.

8. The rise of Robots-as-a-subscription

Now, robots-as-a-subscription is a booming business. According to ABI Research, there are going to be 1.3 million Robots-as-a-Subscription installations by 2026, producing revenue of $43 billion +.

9. Artificial intelligence

We now have access to massive amounts of data as more and more steps in the production chain become connected via technology. Artificial intelligence and also machine learning are expected to move from buzzwords to reality this year as companies find practical uses for technology.