STAMFORD, Connecticut – (COMMERCIAL THREAD) – Trust Engineering, Accelerating Growth, and Transforming Change are the three overarching trends in Gartner, Inc.’s hype cycle for emerging technologies, 2021 that will inspire organizations to explore emerging technologies such as tokens non-fungible (NFT), sovereign cloud, data fabric, generative AI, and composable networks to help gain competitive advantage.
âTechnological innovation is a key competitive differentiator and the catalyst for the transformation of many industries. Cutting-edge technologies are continually emerging, challenging even the most innovative organizations to keep pace, âsaid Brian Burke, vice president of research at Gartner. âLeading organizations will leverage emerging technologies during this year’s hype cycle to build confidence and new growth opportunities amid continuous strategic change and economic uncertainty. ”
The Hype Cycle for Emerging Technologies is unique among most of Gartner’s Hype Cycles, as it distills information from more than 1,500 technologies into a succinct set of emerging technologies and trends âto knowâ that hold promise to deliver a high degree. competitive advantage over the next five to 10 years (see Figure 1).
âAs organizations continue to focus on digital business transformation, they must accelerate change and overcome the hype surrounding emerging technologies,â said Melissa Davis, vice president of research at Gartner.
âThis cycle of hype provides a high-level view of important emerging trends that organizations need to follow, as well as specific technologies that need to be monitored across the themes of trust, growth and change,â said Philip Dawson, vice president of research at Gartner.
Three themes of emerging technology trends
Engineering trust: Trust requires security and reliability. However, it can also extend to creating innovations as a resilient core and foundation of IT to deliver business value. This base must consist of working practices and innovations designed, reproducible, reliable, proven and scalable.
For example, the digital and cloud technologies and services market is currently dominated by US and Asian vendors. As a result, many European companies store their data in these regions, creating political unrest as well as concerns about maintaining data control and complying with local regulations. Countries can engage a sovereign cloud to achieve digital and data sovereignty, which in turn will provide legal requirements to enforce data protection controls, residency requirements, protectionism, and intelligence collection.
Technologies to watch out for to build trust are Sovereign Cloud, NFT, Machine Readable Legislation, Decentralized Identity, Decentralized Finance, Homomorphic Encryption, Active Metadata Management, Data Factory, Data Center real-time incidents and employee communication applications.
Accelerate Growth: Once the core business of trust is established, recovery and growth can occur. Organizations need to balance technology risk with business risk appetite to ensure short-term goals are achievable. Once the innovation-driven core expands, accelerated growth expands delivery and value.
For example, generative AI is an emerging technology that the pharmaceutical industry is using to help reduce the costs and time of drug discovery. Gartner predicts that by 2025, more than 30% of new drugs and materials will be systematically discovered using generative AI techniques. Generative AI will not only increase and accelerate design in many areas; it also has the potential to “invent” new designs that humans might otherwise have missed.
To accelerate growth, the following technologies need to be explored: multi-experience, industrial cloud, AI-driven innovation, quantum machine learning (ML), generative AI, and digital humans.
Sculpt the change: Change is traditionally disruptive and often linked to chaos, but organizations can use innovations to shape change and bring order to chaos. The art is to anticipate and automatically adapt to the needs of change.
For example, composable business applications allow a better match of application experiences to an evolving operational business context. The composable business, founded on composable application technology and built with composable thinking, enables organizations to recognize and exploit business opportunities, respond to unexpected disruptions, and respond to changing customer demands at their own pace, by maintaining their loyalty.
Organizations looking to sculpt change should consider composable applications, composable networks, AI-enhanced design, AI-enhanced software engineering, physics-based AI, influence engineering , digital platform driver tools, named data networking and self-integration applications.
The Hype Cycle for Emerging Technologies, 2021 is just one of 90 Hype Cycles from Gartner covering a wide range of innovations, technologies, business trends and key verticals. Additional information is also available in Gartner’s free webinar âThe Gartner Hype Cycle for Emerging Technologies, 2021â.
Additional analysis on emerging technology trends will be presented at the Gartner IT Symposium / Xpo 2021, the world’s largest conferences for CIOs and other IT leaders. Follow conference news and updates on Twitter using #GartnerSYM.
Upcoming Gartner IT Symposium / Xpo dates and locations include:
October 18-21 | Americas | Virtual
October 25-27 | APAC | Virtual
November 8-11 | EMEA | Virtual
November 16-18 | Japan | Virtual
November 30-December 2 | India | Virtual
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