Re-imagining the next wave of disruptive technology

India has geared to become the world’s fastest growing economies in 2023 and the months to come will be crucial towards setting the stage for our long-term success. Amid the incredible momentum around ‘Digital India’ and the macro-economic advancements - India’s digital end creator economy are set to thrive like never before. 

Digital transformation is a fundamental reality for businesses today. We will witness a hyper-automation of processes that will enable people to focus on much more significant tasks. Businesses will heavily rely on data-driven decision-making to scale product deliveries while increasing customer engagement. Multi Cloud adoption will also continue to grow in a data-led economy, leading to a steeper rise in demand for cost-effective cheat-proof cloud solutions.

Disruptive technology is an innovation that significantly alters the way that consumers, industries, or businesses operate. Enterprises that will create the future are those who are focusing on technologies that will disrupt industries and will create new opportunities for businesses. Rapid adoption of advanced technologies such as computer vision and deep learning will push the supply chain industry forward.

We believe AI, 5G, Blockchain, and Cybersecurity will have the most transformational impact on the customers’ businesses. New age technology into metaverse, is expected to transform how businesses interact with customers, how work is done, what products and services companies offer, how they make and distribute them, and how they operate their organizations.

Secondly, The semiconductor industry is constantly evolving and transforming everything around it. As we usher in a new year, we will witness an increased market demand for higher-performing chip innovation.

Industrial Revolution 4.0 will further integrate technology at all levels in our lives, making hyper connectivity, hyper intelligence, and hyper data, a reality. This implies a higher degree of co-creation between the hardware and the software to build disruptions like re-creating human senses to develop intelligent data connection, building ultra-reliable 5G communications, or paving the way for new-age storage solutions.

There are endless avenues to enable new ways to augment, customize, and otherwise “program” our physical environments. Beyond the fundamentals of cross-device interactions, privacy, and security, becoming a leader in the programmable world will require wide-ranging exploration, experimentation, and development.

Having said that, the key aspect of any technology, including AI, is that it should augment human capabilities by providing computational models, powered by relevant data, to enable fact-based and unbiased decision-making. We see increasing levels of automation permeate many jobs today, both in factories as well as in the headquarters offices of many companies. The outcome of this automation is that companies will have access to very granular data about employees, their productivity, and the ratio between value-added vs. non-value-added activities in their work patterns.

Edge computing is a new approach to processing data in which operations do not take place within a data centre. Instead, computation and storage occur within localized devices at or near the network’s edge. Edge computing will become very popular in 2023 as companies continue their digital transformations and move their data centres to the cloud and then work to ensure their networks are secure.

Some experts are expecting to see a big increase in Secure Access Service Edge (SASE), as at least 40% of companies will look to employ this to secure their networks next year. When cybercriminals do their business next year, many experts will tell you that the threat could have been minimized if only the victims had understood the power of the Edge.

The threat of cyber-attacks has never been more severe than it is today. Understanding the critical role cybersecurity plays in holding business operations together, enterprises in 2023, will significantly ramp up their investment in advanced technologies. The good thing is that there are now a multiplicity of solutions that address prominent security challenges, and there are easy-to-use management dashboards available that allow security professionals to decrease complexity. 

Going forward, technologies such as AI will empower enterprises to identify vulnerabilities in their infrastructure. Moreover, AI-based analytics will help them to strengthen their configuration management while also empowering them to reinforce their cyber-resilience. However, the industry as a whole is moving to a more consolidated security model, a trend that will continue across the next year…

We will witness a huge shortage of skilled person-power in cybersecurity and budgets are not increasing at the speed of attacks. These challenges are not expected to improve in 2023 and beyond, and companies are facing a new normal of operating in a world of constant disruption.

S Mohini Ratna, Editor, VARINDIA