Recent research by Boston Consultancy Group (BCG) and the National Association of Software and Services Companies (NASSCOM) has identified 12 new technologies with significant financial drivers: automated analytics, augmented and virtual reality, Autonomous driving, deep learning, computer vision, distributed ledger, smart robotics, space technology, sustainability technology, edge computing, sensor technology, and 5G/6G. “The Biggest Bet”
According to research, these 12 technologies decay in various ways. Make way for big bets that are sector and region specific. while consumers in North America and Europe bet on innovations like automated analytics. Asia Pacific consumers are likely to be interested in 5G/6G technology, sensor technology, and more. In general, technology buyers expect between 70 and 80 percent of their technology spending to be allocated to developing technologies by 2030.
India leads Asia Pacific in terms of private technology capital growth, up 31% over the region overall (11%). followed by BFSI and Telecom technologies.
“Nowadays, businesses in every industry are built on the development of technology. They can gain competitive advantage while breaking through the unique barriers of the digital age,” NASSCOM President Debjani Ghosh said in a statement.
Another NASSCOM study found that technology buyers expect their share of emerging technologies to triple over the next four to six years due to rising productivity. Better customer experience and faster product development cycles
The ultimate business goal for IT buyers will include automated analytics. 5G/6G Edge Computing and Deep Learning These are just a few examples of key technologies. Regional and technology supplier preferences will vary. While mid-sized and digital companies are taking the big bet. Focusing on a small number of emerging areas or deepening in selected technologies. Large companies are diversifying their bets by focusing on technologies with common use cases (5G/6G) and investing in growing technologies to gain leadership positions. (deep learning and computer vision)
Going forward, it is interesting to note that companies How to lay claim to cutting-edge technological advancements and how they will lead the technological revolution for the benefit of society as a whole.