Being a top software development provider in the market requires leveraging new tools and technologies to build up-to-date products and be competitive among organizations alike. It is always good to look ahead and be prepared for digital changes.
Your tech outlook can be formed via an understanding of what technologies gain the most traction. But, also, you need to know how to implement these technologies into your business workflows. That’s where Sencury might help you out! Let’s discuss some of the most popular technologies that are emerging these days.
The Spread of Hyperautomation
Hyperautomation is the rapidly increasing automation of businesses and processes, which leads to operational efficiency. It is used as a means of identification, assessment, and further automation of outdated systems and workflows.
Gartner reports that about 70% of organizations are going to implement automation to their infrastructure by 2025. And there are, perhaps, no limits to what kind of industries hyperautomation can be leveraged to. But, surely, one type of automation cannot fit all. Many institutions acquire automation and find a need for supportive cohesive technologies to prevent conflict between automated systems. That’s why hyperautomation requires the use of multiple technologies, tools, and platforms.
Some of the well-known use cases suggest using:
OCR (Optical Character Recognition) to understand documentation
NLP (Natural Language Processing) to understand e-mails
Big Data, algorithms, AI, etc. to forecast stocks and automate restocking
AI/ML (Artificial Intelligence/Machine Learning) to enhance automation flows
On considering the hyperautomation of your business, also implement a combination of the following technologies:
artificial intelligence (AI) and machine learning (ML)
event-driven software architecture
robotic process automation (RPA)
business process management (BPM)
intelligent business process management suites (iBPMS),
integration platform as a service (iPaaS),
low-code or no-code tools
packaged software
Of course, there are many other types of decision, process, and task automation tools you can find useful for your industry/organization. It depends on the goal you would like to pursue. However, don’t delay the decision to hyperautomate to grow your business organically.
Another leveraging technology that should be paid attention to is Web 3.0.
The Arrival of Web 3.0
Web 3.0 belongs to the third generation of the World Wide Web. It has not been introduced yet, but we expect it to be coming soon. Web3 is going to be decentralized, open to use, and built on top of blockchain technologies. It should form the Semantic Web - a network of meaningfully linked data. Even though it's still being developed, many are already looking forward to exploiting its possibilities.
Let’s look closer at Web 3.0 features:
Decentralization
In version 3.0 the search for information will be based on its content, and this information will be stored in many locations simultaneously. No single server and the extra control users can have over their information are the main pillars of decentralization. In comparison, Web 2.0 requires a unique web address to find information, the location of which is fixed on a single server.
Openness/Blockchain
The other great feature of Web3 is its being based on open-source software. It gives network users the possibility to interact directly without any trusted intermediary. And no permissions are needed as anyone can participate without authorization from a governing body. As a result, Web 3.0 applications will run on the blockchain or decentralized peer-to-peer network, or a combination of both called dApps (decentralized applications).
Semantic Web/AI/ML/NLP
Web 3.0 allows computers to understand information similar to a human. This becomes possible with the help of the Semantic Web and NLP. In addition, to perfectly imitate the way a human learns, the third version of the Web will use machine learning and artificial intelligence. These technologies will also add to information accuracy and a faster response time while searching. How exactly can businesses leverage Web 3.0? Mainly, to
make decentralized blockchain-driven data or cryptocurrency transfers that are also encrypted and tracked
relieve people from relying on banks (centralized organizations) via open smart contracts
increase revenue in the entertainment sector with the help of Metaverse (new physical, virtual, and augmented reality)
produce NFTs and other digital goods instantly with the help of blockchain technology that also protects intellectual property and PII
earn from users’ data as Web 3.0 will function as a global brain that can interpret any content contextually and conceptually
This list can be extensive as Web 3.0 is quite promising. Let’s wait and see together.
Besides hyperautomation and Web3 there is one more leveraging technology to discuss. It’s Quantum Computing and the related technology boost.
Emerging Quantum Computing Technologies
Quantum computing is an emerging technology with a fast-growing presence in the software development market. It uses phenomena in quantum physics to create new ways of computing. 40% of enterprises are planning to be involved in quantum computing by 2025, as Gartner reports.
A quantum computer is also called a supercomputer because it solves complex problems that classical computers simply can’t. With the right input, quantum computing may greatly contribute to a lot of sectors. E.g., financial, security, artificial intelligence (AI), machine learning (ML), Big Data search, digital manufacturing, nuclear fusion, polymer design, aerospace designing, drug discovery and design, and military affairs and intelligence.
What might Quantum Computer’s contribution be? For instance, quantum computing would improve
security measures while sharing information
radar's ability to detect missiles and aircraft
water purity via smart chemical sensors
trading simulators
design of investment portfolios
genetically targeted medical care
DNA research
data encryption and fraud detection
How Does Quantum Computing Work?
Every quantum computer works on quantum principles. Quantum algorithms approach complex problems and create multidimensional spaces, where the linking individual data points emerge like patterns. On the contrary, classical computers are deprived of the ability to create these computational spaces and will not find any patterns.
To perform operations, a classical processor uses bits. However, to run multidimensional quantum algorithms a quantum computer uses qubits (CUE-bits).
The quantum information a qubit holds is placed into superposition, or in other words, a combination of all possible configurations of this qubit. Groups of qubits in superposition are the ones to create complex, multidimensional computational spaces. These spaces allow us to have a bigger outlook on complex problems.
Also, qubits become entangled, which means they behave differently from each other and impact one another in this way. Quantum algorithms leverage those relationships to find solutions to complex problems.
The idea of resolving complex problems leverages demand. Scientists and software engineers around the world are working to make things easier for people and Quantum Computing is a technology that can make a difference. Learn more about Quantum Computing by following the link.
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