Take advantage of innovation with these nine tech trends

When we look back at 2020 to 2021, innovative technologies have provided CIOs with new ways to navigate a disruptive year. As we look forward, more intelligent technology trends will arise which businesses can utilize to take a more proactive approach to decision making and planning.  Embracing change as industry markets shift is vital to increase the pace of innovation. To help accelerate transformation an organization must ensure a dynamic workforce with innovative technology to stay ahead of trends, as seen below.

Strategy, engineered

Planning for a corporate strategy with an abundance of technological developments may seem overwhelming to navigate, however, understanding the latest trends including advanced analytics, automation, and AI can translate to a successful process that is continuous and dynamic, allowing for a better long-term plan. Incorporating innovative technology into an operation requires understanding top trends that organizations can follow to keep up with corporate strategy building.

Core revival

Moving an organization to the cloud is the first step in transforming the business towards a modernization. Additionally, many companies are shifting to more powerful platforms, such as low-code options or advancing their platform with applications such as ERP and HCM systems. Modernizing the business to the cloud in a time of uncertainty became “standard components of every CIO’s digital transformation playbook.”[i]

Supply unchained

Data that tells a story about the business, including detailed analysis around trends, historical data and future analysis allows supply chain leaders to understand the cost of doing business, while simultaneously enabling supply chain cost centers to turn to the forefront of the customer. Allowing organizations to use advanced technology such as robots, drones, and image recognition for a more effective supply chain process has altered the way supply chain leaders have achieved resilience during the past year.  

Machine Learning Operations: Industrialized AI

Development operations tools provide more mature machine learning models to automate the business.  The need for collaboration, artificial intelligence and scalability have increasingly become more valuable to help companies answer questions with new prediction functionalities.

Machine data revolution: Feeding the Machine

Anticipating trends based on relevant data can drive a business to success during disruptive periods. By eliminating manual processes and reducing the risk of human error, companies can attain evidence-backed data to ensure confidence in strategic decision making. Introducing new technologies such as advanced data capture and structuring capabilities can help connect a business through cloud-based data, allowing for “at-scale” decisions.

Zero trust: Never trust, always verify

Navigating data, applications, and workloads simultaneously requires a high-level security confidence. According to Deloitte, “Zero trust is rooted in the concept that modern enterprise environments necessitate a different approach to security: There’s no defined perimeter inside which every user, workload, device, and network is inherently trusted[ii]. With security considered in every step of the way including data points, user identity, device, location and additional connections, users can be confident in proactively addressing cybersecurity issues.

Rebooting the digital workplace

Navigating a world of digital transformation has been a top priority for business leaders. Organizations now have answers to key questions that provide a level of certainty in the workplace such as, permanent work from home options, employee well-being, and employee experience. A data-driven culture can help facilitate better work performance and build a long-term sustainable plan.

Bespoke for billions: Digital meets physical  

As we look to the future, Deloitte reports that we can expect in-person and digital experiences to become more seamless and intertwined in the next 18 to 24 months[iii]. Focusing on the customer journey is the goal of many organizations and can be accomplished by focusing on online experience or returning to in person interactions. Tracking customer behavior and online interactions allow companies to understand how to make changes within the organization to accommodate accordingly.

DEI Tech: Tools for equity 

Line of business leaders such as CHROs, HR executives, supply chain leaders and marketing professionals have had to make important business decisions over this past year faster than they may have intended. HR specifically was faced with embracing change in how companies operate and including diversity, equality, and inclusion as business imperatives. Deloitte expects enterprises to adopt new tools that include advanced analytics, automation, AI, and ML to deliver with confidence and measurable impact 

Oracle’s cloud platform provides CIOs with innovative technology to automate their business securely. With trends centered around data transformation, machine learning, artificial intelligence and security, organizations can be confident in creating a strategic business plan.

Learn more about how Oracle is helping CIOs innovate with today’s top tech trends