Technology trends affecting businesses in the future

In the 4.0 era, technology is increasingly expanding and growing constantly. Technology has always been the leading disruptive factor in all industries. Even today, modern technology is reshaping the way industries and businesses operate. New technology is always applied quickly, which forces businesses to adapt and update quickly if they do not want to face the risk of falling behind.

And here are the forecast of 3 technology trends affecting businesses in the coming time.

Digital transformation trend

Today’s digital transformation is gradually changing the business world, not only changing the way businesses are viewed but also changing the way organizations operate. For each business, the digital transformation process will take place with a different route. From there, leading to fundamental changes to the way businesses operate and the way they provide value to customers, towards the goal of optimizing business management, bringing profits and bringing more customers. new growth opportunities for the company.

According to a report by Cisco & IDC on the digital growth of small and medium enterprises in Asia – Pacific, only about 3% of businesses think that digital transformation is not really important in business operations. 62% of businesses expect digital transformation to help them create new products and services. Happier than that, 56% of businesses realize that the competition is changing and digital transformation has helped them do this. These numbers demonstrate the level of concern and clear awareness of businesses about the importance of digital transformation. However, businesses in Vietnam, especially 98% of small and medium enterprises, are still not fully and properly aware of the role of digital transformation in the Industrial Revolution 4.0. Because only 31% of businesses are in the early stages of digital transformation, 53% are in the observation stage and only 3% have basically completed this process.

In Vietnam, SMEs are facing barriers in digital transformation such as lack of digital skills and human resources (17%), lack of a strong enough IT platform to enable digital transformation (16.7%), lack of digital thinking or digital culture challenges in the enterprise (15.7%) (Cisco & IDC report).

Technology content

Mr. Pham The Truong, General Director of Microsoft Vietnam, said: “Businesses that have implemented digital technology are those that are able to recover quickly after the crisis. With a flexible cloud technology platform, they have the ability to customize to business needs, saving costs while ensuring efficiency and connectivity across the organization.At Microsoft we call it “Tech Intensity” or “Content” technology”.

And here are the 4 technology trends in Tech Content:

• AI Applications: With AI capabilities, companies of all sizes can use data to derive insights from which to automate business operations and make better decisions. According to McKinsey’s 2021 global survey on AI, up to 56% of organizations have applied AI, up from 50% in 2020. Besides, the survey has also shown that applying AI helps organizations and businesses obtain financial benefits.
• Enhanced connectivity: The latest connectivity technologies and protocols (such as 5G/6G mobile networks) for better data circulation, wider bandwidth, wider geographic coverage, less latency, and better connectivity. lower power consumption. This innovation will help enhance the consumer experience and increase productivity in industries such as Mobility, Health – care and Manufacturing.
• Immersive reality technology: Immersive reality technology uses spatial computing to simulate making it possible for people to see the world in a different way and to enable interaction in that virtual world. Different levels of immersion are provided by technologies such as augmented reality (AR), virtual reality (VR), and mixed reality (MR).
• Cloud and cloud computing: Cloud platforms, built from “super-speed” data centers that provide and enable massive compute and storage capabilities, and are connected by a network high capacity, fast, allowing a wide range of services to grow wider and richer. Continuous integration will allow users to extend the speed and quality of the cloud to edge systems thereby accelerating innovation, enhancing productivity, and creating business value.

According to a study conducted by Microsoft and IDC in the Asia-Pacific region, before and after the outbreak of the COVID-19 pandemic, 74% of business leaders said that innovation is a must and the ability to innovate. is crucial to the performance and resilience of the business. Most, 98%, of businesses that are at the forefront of innovation, believe that innovation is the key to quickly responding to market challenges and opportunities, especially in the technology, innovation and innovation market. Creation will help businesses survive and recover faster than other businesses before the crisis. Because these businesses had visions and were able to overcome difficult situations by applying the most advanced technologies to support decision making to make the most of the data they already had.

It can be seen that, with the development of technology, new trends are increasingly forming and developing, forcing businesses to respond and adapt promptly. In the future, with the growing technology trend, businesses need to “open the door” to the market and have their own ways to solve that difficult problem to keep the growth pace in this era. hard! And to get the most effective solutions for your business model, increase your competitiveness and breakthrough, BambuUP introduces businesses to our attractive Challenge Hub program – where businesses can receive valuable rewards. advanced solutions, timely capture the market, lead the trend and accelerate development by putting challenges on Challenge Hub. Quickly register to participate right here: https://bambuup.com/innovation-challenge-hub