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4 IT Tech Predictions for 2019 That May Reshape the Global Economy

By November 26, 2018March 3rd, 2022No Comments
Industry News: 4 IT Tech Predictions for 2019 that May Reshape the Global Economy

Tech innovations have in the last few decades reshaped how we communicate with one another. Pagers went the way of the buffalo and were replaced by cellphones, with the first few models which resembling bricks as much as compact, portable phones. Now, smartphones are ubiquitous; nearly 3 billion people own a one.

But it isn’t just smartdevices that are ushering in changes among both individuals and businesses. AI has and will continue to reshape how global business is conducted, as well as how businesses operate internally. International Data Corporation (IDC) recently released a report titled “IDC FutureScape: Worldwide IT Industry 2019 Predictions,” in which it outlines a number of drivers projected to change the global IT industry over the next half-decade—and businesses that wish to remain competitive in their respective markets can benefit from exploring these and other predictions for 2019.

Prediction 1: A Digitized, Global Economy

The world has and will continue to become more connected; economies are becoming interwoven with each other with rapidity—and IDC projects that this trend will continue. It notes that, by 2022, over 60% of the world’s GDP will become digitized. What will drive this change? Industries that are driven by digitally enhanced services, operations, and relationships will fuel much of this growth—this, on top of roughly $7 trillion in IT-related spending over the next 4 years. IDC warns, however, that businesses that do not find a way to implement these digital changes and produce forward-thinking business models could lose up to two-thirds of their respective markets.

Prediction 2: Digital Native IT At the Forefront

By 2023, 75% of all IT spending will be on 3rd Platform technologies. In addition to this spending, over 90% of all organizations will create “digital native” IT environments. This 3rd Platform (or inter-dependencies between mobile computing, social, mobile, cloud, big data and, possibly, the Internet of Things, or IoT) will usher in dramatic shifts; AI and AI-powered voice UIs, distributed cloud, and “hyperagile” apps are projected drivers of this shift towards the 3rd Platform. Associated drivers include:

  • Platforms: Industry competes for innovation at scale
  • Sense, compute, actuate: Transforming data into value
  • Emerging autonomy: Living with and adapting to AI becomes the norm

Prediction 3: Reaching the Edge

Over 40% of organizations’ cloud deployments will include edge computing by 2022.In the same time period, “25% of endpoint devices and systems will execute AI algorithms.” AI services will share the forefront with endpoint devices for most transformational public cloud capabilities, reaching towards the “edge” of the cloud foundation. Endpoint devices are projected to run training algorithms, allowing these devices to improve their own algorithms through insights gleaned from the data being processed. Further, these devices—through AI—will be able to communicate not only between each other, but from endpoint to core infrastructure.

Prediction 4: A World of New, Hyperagile Apps

All but ~10% of apps by 2022 will feature microservices architectures. These microservices will improve a number of capabilities, and leverage third-party code as well. These apps will be developed by and available to businesses with the speed that consumers demand; current applications (and the pace at which they are developed) will not keep up with this demand within the coming digitized economy. These “hyperagile apps—apps that are highly modular distributed, updated uninterruptedly, and leverage containers and serverless computing—will afford businesses the velocity they need to remain innovative and competitive.

A Shrinking World Offers Endless Expansion Opportunities

We live in a world that is shrinking by the hour, where communication and financial transactions are instantaneous, and where data is the new currency. But no matter the size to which our world is reduced by these inevitable innovations, businesses will continue to pursue expansion opportunities to all reaches of the globe—no matter where innovation leads.

Velocity Global’s International PEO (Professional Employer Organization) solution, also known as Global Employer of Record, offers an agile, flexible method of global expansion, providing businesses step-by-step assistance, no matter how uncertain the path. Global Employer of Record allow companies to test markets before deciding if a permanent presence makes sense, and offers a quick, compliant, and cost-effective exit if that market doesn’t meet your needs. Want to learn more about how we can help you stay ahead of the curve and have you up and running in a new international market in just days? Let’s talk.