2017 Outlook: Technology Trends that will Dominate the Business Landscape

Technology

2017 Outlook: Technology Trends that will Dominate the Business Landscape

The speed of technological innovation is faster today than in the past. Few years back, cloud was rejected as a trend, today it has actually progressed into a brand-new norm. Information is relocating at the rate of light as Internet of Things (IoT) makes cities smarter. Enhanced Fact is enhancing customer interaction by balancing physical, digital and digital experiences throughout systems. There's no rejecting, 2016 has actually experienced a significant adjustment in the attitude of companies towards these sophisticated and emerging innovations. And this adjustment will stimulate a cause and effect in 2017 and past.

One of the main roles of a market leader is to imagine powerful technology trends that are positioned to own substantial shifts throughout industries. The point of making predictions is not to be right, but to be prepared.

So with that said function in mind, what might innovation have in store for the Middle East in 2017 and the years past? One forecast we could make with absolute confidence is that several long-term underlying trends will certainly remain to unfold. Digitisation, security, cloud and big data technologies are maturing and manifestly altering the method we function.

Cloud services - the new normal:

An increasing number of organizations have started to completely embrace cloud services, identifying the cost-cutting and agility-improving advantages that they offer. We anticipate to see a boost in the uptake of such solutions in the coming year, with the cloud becoming the generally accepted brand-new regular. Inning accordance with Gartner, Cloud Business Process as a Service (BPaaS), which is the biggest section of cloud services market in the Middle East and North Africa (MENA), is expected to get to $340.2 million in 2020 1. A vital pattern worldwide of the cloud is the emergence of communities. In a bid to separate, cloud suppliers have actually recognized that they need to have the appropriate companions embedded in their cloud. According to this relocation, we are visiting more cloud suppliers take steps to attract new partners to their communities.

Arrival of Intelligent Networking:

Smart networking will be a significant trend in 2017. The virtualization of network features will allow Chief Details Administration (CIOs) to attach even more sensing units, access more data and undertake far better

1 http://www.gartner.com/newsroom/id/3365117

analytics. An intelligent network will be safety and security aware; it will identify that it is under fire, have the ability to determine the risk and sharp various other networks. We will certainly see an intensifying need for dynamic networks that make it possible for an even more agile feedback to major protection occasions, specifically with increasing safety concerns bordering smart cities - which is the national vision of many countries in the Middle East.

The Era of Immersive technology:

According to IDC, the enhanced and digital reality market in the Middle East and Africa (MEA) is set to boost to a staggering $6 billion by 2020. 2 Businesses in the Middle East have actually fasted on leveraging this immersive technology to change their consumer interactions. And as the line in between physical and online reality remains to blur, we could see its application in the collective area, replacing messaging services, chatroom and even more. Additionally, boosted fact will certainly allow medical institutions throughout the region to assist in access-at- a-distance surgical procedures. This is most likely to boost the relevance of the initiatives put forth by Dubai, which is taking huge strides in ending up being the clinical tourist hub with an objective to draw 500,000 medical tourists by 2020.

Self-aware and security Solutions:

Safety and security remains a systemic hazard, but the security difficulty is a wide one. 2016 has actually currently seen a wave of noteworthy network seepages - the most infamous one being the hack versus QNB (Qatar National Bank), the largest loan provider in the Gulf. Banking & Money and the Power sector are increasingly finding themselves in the crosshairs of innovative cyberattacks. The continued emphasis of threat activity versus pertinent essential systems such as SWIFT, are a constant reminder of the reach and capability of a determined and motivated cyber-criminal. According to Frost and Sullivan, GCC's network protection spending is set to grow to $1 billion by 2018. This figure mirrors the demand for next-level artificial intelligence methods and network feature virtualisation in 2017 in order to help create networks that are 'safety conscious'.

The Internet of Things (IoT) in Banking:

Based on IDC, IoT costs in the Middle East is anticipated to reach $3.2 billion in 2019. With an ever growing variety of data sensors, and with clients becoming progressively comfortable with the concept of the IoT, financial institutions currently find themselves in a placement to create extremely advanced systems never ever seen before. For instance, using IoT will enable financial institutions to simplify home loan applications by employing

2 http://www.idc.com/getdoc.jsp?containerId=prCEMA41692216
3 http://idc-cema.com/eng/about- idc/press-center/63499- idc-launches- middle-east- internet-of- things-forum- as-region-prepares- to-spend- 1-8- billion-on- iot-in- 2016

information intelligence relevant to a details residential or commercial property. Utilizing IoT, financial institutions will have the ability to develop real time analysis of danger in a certain location, making risk profiling quicker and a lot more customised.

Refining Big Data:

The actual worth of business lies in its data. As we move forward, organisations will certainly purchase modern technologies to create new capacities had to refine big data. Drawing out value from user-generated information poses as a significant challenge for companies today. Therefore, companies will certainly lean to increasing their big data tasks in order to capture real-time insights, fulfill customer assumptions effectively and accommodate future business growth. This will additionally act as an incentive owning organisations to adopt the public cloud as a platform for data storage, which is steadily boosting.