Tech That May Not Take Off In 2018

by Moumita Deb Choudhury    Dec 21, 2017

Tech failure

As we inch towards 2018, we see traces of several technologies which promises of high potential for the future. However, today CXOToday brings to you a chart of technologies whose potential might have been overperceived and hyped but in reality, are still slouching to be mainstream.

Enterprises need to understand what technology to adopt; which technology will actually reap benefits for the organization considering the capital available, and only then should one embrace change or think disruption of business for that matter. It is important to realize the thin line between industry buzz and best. Take a look, chuck the buzz, hinge on the best.

Digital Platforms

Blockchain might look just around the corner given the popularity of bitcoin and Ethereum. However, most of the projects are still in alpha or beta stage. Enterprises are still deciding how to navigate this technology, but the lack of proven use cases and the volatility of bitcoin have created concerns about the viability of the technology. Long-term, Gartner believes this technology will lead to a reformation of whole industries.

Of the two types of blockchain — permissionless-public ledgers and permissioned-public ledgers — enterprises should look toward the latter option. Permissioned-public ledgers have access controls owned/managed by rules, but still allow for a community, according to Gartner.

Augmented Reality

This technology sparked debate about its potential in the consumer world, However, AR combines virtual enhancements with real-world objects, shows promise for the industry. For instance, with AR a project diagram can be overlaid on any object and we need not rely on printed papers or separate screens. “Enterprises should create an AR strategy in the business with specific goals and tasks for trials and benchmarks,” said Gartner.

Digital Twins

A digital twin is a digital representation of a physical object. It includes the model of the physical object, data from the object, a unique one-to-one correspondence to the object and the ability to monitor the object, as per Gartner.

“The adoption of, and hype around, digital twins is growing,” said Roy Schulte, vice president and distinguished analyst at Gartner. “Digital twins are the next step in the Internet of Things (IoT) driven world, where CIOs are increasingly leveraging IoT technologies in their digital business journey.”

CIOs can exploit the digital twin concept to enable stakeholders to monitor and make informed decisions about the state of the actual physical things, their context, and take action to optimize their future state.

“CIOs should drive discussions with their business unit peers on the potential business value of digital twins, their limitations, and policy on their architecture and use,” said Schulte.

Autonomous Cars

One of the most recent technology hype has been autonomous vehicles and it has created exaggerated expectations for technology. However, given that AI is critical for the technology, this has led to an increase in the development of machine learning algorithms. While continued advancements in sensing, imaging and mapping — as well as AI and computing — are helping to evolve the technology, the reality is that the complexity and cost requirements are presenting challenges,”

“AI technologies will be the most disruptive class of technologies over the next 10 years due to radical computational power, near-endless amounts of data and unprecedented advances in deep neural networks,” said, Mike J. Walker, research director, Gartner. “These will enable organizations with AI technologies to harness data in order to adapt to new situations and solve problems that no one has ever encountered previously.”

Smart Robots:

Though we talk of Smart Robots gaining momentum for businesses soon. The practical usage of this tech in 2018 is still just a hullabaloo. According to IDC predictions mentioned below, we can clearly see that Smart Robots are still not the thing of the coming year though it might flourish in near future.

Robots in Hi-Tech Manufacturing: By 2019, robot adoption will have increased by one-third, with 60 percent of G2000 high-tech manufacturers having deployed industrial robots in manufacturing operations.

Intelligent Industrial Robots: By 2020, 45 percent of newly installed industrial robots will be equipped with at least one of the intelligent features such as predictive analytics, health condition awareness, self-diagnosis, peer-learning, or autonomous cognition.

Security Robots: By 2020, the worldwide market for mobile security robots will have grown by nearly 300 percent, augmenting human security, with 30 percent of mobile security robots being equipped with onboard drones to deploy as necessary. 

Multi-use Mobile Robots: By 2019, 25 percent of mobile robotic deployments will include modular mobile robots for multiple uses on the same mobile platform, thus delivering up to 30 percent productivity and efficiency gains.