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Tech Trends 2023 – Deloitte


Tech Trends 2023 – Deloitte

Deloitte’s 14th annual Tech Trends report explores the impact of emerging technology opportunities in the innovation areas of interaction, information, and computation, and the foundational areas of business of technology, cyber and trust, and core modernization. The report was published in Dec 2023 and identifies advancements across six macro forces consequential to business transformation over the next 18 to 24 months.

Source: Deloitte

These include emerging opportunities in the innovation areas of interaction, information, and computation, as well as foundational areas of business of technology, cyber and trust, and core modernization. This year, trust has emerged as the central element in the trends identified by the report, the company said in a release, driven by enterprises increasingly recognizing that business outcomes are limited less by technological capability and more by the comfort and confidence in adoption and impact.

"Each trend offers opportunities to test new approaches and learn and transform both technology and business models,” said Mike Bechtel, report author and chief futurist and managing director at Deloitte.

“In navigating these new pathways, we should strive to achieve a balance between our pioneering spirit and our protective mandate. Done well, we can promote the primacy of business to IT, minimize risk, maximize the value of our investments and work to build trust within our business ecosystems.”

Mike Bechtel, Chief Futurist and Managing Director, Deloitte

Trend 1:

Through the glass: Immersive internet for the enterprise

The internet paradigm is shifting away from mobile internet towards immersive, interactive interfaces that take users through the looking glass into virtual experiences.

This includes the metaverse and digital wins, and Deloitte predicts that over the next few years, tangible, conversational, and virtual interfaces will likely continue to graduate from tech toys to enterprise tools.

The company says that organizations should be ready for reality to move online through expanded ways of interacting with mixed reality. Additionally, user experiences will continue to become simpler, even as the technology that drives human-computer interactions becomes more complex.

Trend 2:

Opening up to AI: Learning to trust our AI colleagues

Trusting the AI algorithms that power business decisions will be key as AI tools become increasingly standardized.

Deloitte says that the differentiating competitive factor for truly AI-fueled enterprises will be how robustly AI is used throughout business processes, reflecting on how much confidence there is in the AI’s ability to deliver the right analytics and insights.

The report states that to build trust, AI algorithms just be visible, auditable, and explainable, and workers must be involved in AI design and output.

Trend 3:

Above the clouds: Taming multicloud chaos

Cloud management has become a seriously complex endeavor, and some enterprises are turning to a layer of abstraction and automation sitting above their multi-cloud architecture that Deloitte calls a metacloud or supercloud.

Offering a single pane of control, this family of tools and techniques can help cut through the complexity of multi-cloud environments by providing access to common services such as storage and computation, AI, data, security, operations, governance, and application development and deployment, the report says.

Trend 4:

Flexibility, the best ability: Reimagining the tech workforce

Flexibility of skills is another trend the report explores, and with the limited supply of technology talent, Deloitte says that hiring for current needs is not a winning long-term strategy due to how quickly technical skills become outdated.

Companies can meet talent goals by building a skills-based organization where talent can be curated, created, and cultivated, the report states, along with tapping into creative sources for finding talent.

Flexibility should be prized, Deloitte says, and trusting talent to flex their curiosity and versatility in becoming serial specialists over extant skills will result in improved talent experience and business outcomes.

Trend 5:

In us we trust: Decentralized architectures and ecosystems

Deloitte says that even with the market volatility of cryptocurrencies, the enterprise potential of blockchain and other digital assets continues to grow.

The report discusses how blockchain ecosystems could be key for building digital trust, particularly stakeholder trust, since these systems distribute trust across a community of users versus a single person or organization.” Organizations may be able to cement their credibility by helping reinvent a more decentralized internet—Web3—in which a single, immutable version of the truth is based on public blockchains,” the report states.

Trend 6:

Connect and extend: Mainframe modernization hits its stride

Mainframes are enjoying a quiet renaissance, Deloitte asserts, as enterprises are using middleware to link core systems to new technologies like GPU-based supercomputers and cloud-based analytics, AI, and ML.

Mainframes are still commonly used in tasks such as payroll processing, transaction recording, and insurance underwriting.

Mainframes do what they were intended to do, and they do it well, the report states. Despite the challenges in modernizing these legacy systems, companies are connecting and extending them with emerging technologies rather than completely replacing them.

From Information Technologies to xTech

In the epilogue the report points that historically, to enterprise audiences, “technology” has served as shorthand for information technology. Increasingly, however, pioneering leaders are drawing our attention to an extended set of technologies—or xTech—that, to date, have been separate and distinct from enterprise IT.

Source: Deloitte Analysis


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