Global tech intelligence think tank International Data Corporation (IDC) has announced that the worldwide information technology industry generated revenues of over $4.5 trillion in 2017. What’s more, it is even expected to surpass $4.8 trillion by 2018 if growth expectations are met.
The largest technology market is the United States, representing 31% of the total revenues worth approximately $1.5 trillion, making it one of the biggest contributors to the country’s gross domestic product (GDP). This is the same for other countries all over the world.
The Asia-Pacific region, which encompasses Australia, Japan, India, China, and surrounding countries, accounts for one-third of the total figures. The Asia Pacific Economic Cooperation (APEC) has increased its share in the global IT industry, following its steady demand in China and India, and thanks to the slower growth rates in parts of Europe and other markets.
Virtual technology has continued to amass a strong following in the IT industry, with cloud service providers getting a strong foothold in revolutionizing data storage and IT-driven virtual networks. With these developments in place, it is not a wonder for businesses to take action in reinforcing learning development programs and in IT staffing companies to ensure support personnel are always up to date and abreast with the latest in emerging technologies.
Here are three of the best options for emerging IT technologies that are sure to make a mark in the industry and in business alike.
Artificial intelligence
A survey conducted by business leaders and executives have indicated that AI has the capability to improve productivity in the workplace. Another study by Forrester International also supported the findings claiming that while 16% of U.S. jobs will be lost in the coming as the result of artificial intelligence and emerging technologies, more than 13.6 million jobs will be created during that time as a result of the technological trend.
By 2018, research firm Gartner projects that 45% of the fastest-growing companies in the world will “employ” more smart machines and virtual assistants by 2018.
Cloud computing and storage
Online collaboration through secure data channels, cloud technology has been seeing tremendous advancement and growth of the last decade. It has revolutionized robotics and automation.
the market by eliminating the need for physical storage networks, thus, making systems more dynamic and versatile.
Robotics and automation
The industry is not new to automation, in fact, you might be surprised to know that a simple voice-activated or remote controlled home appliance is, in fact, a complex IT-driven device. Businesses are starting to embrace robotics and automation as the next step in ensuring work efficiency and productivity.
Qais is working as a professional Researcher since 5 years. Currently, He is writing on fitness, Home Decoration, and Tech.
