In the post-covid digital world, companies are investing greater resources in the creation and adoption of specialized technical intelligence systems as they have come to understand the importance of intelligence operations for corporate success.
The Center for Technology Management (CTM), UK, has defined “Technology Intelligence” as "the capture and delivery of technological information as part of the process whereby an organization develops an awareness of technological threats and opportunities." Indeed, businesses all over the world have made accelerating their digital transformation plans a top priority. Here are the main trends in technology intelligence to keep an eye on.
Artificial intelligence and machine learning
Artificial intelligence (AI) is being applied in a wide range of sectors, from healthcare to autonomous vehicles, finance, and entertainment. According to the Indian Times, AI will write bestselling books by 2049 and even perform surgeries by 2053. Amazing, right?
Machine learning is also gaining importance at a rapid rate in different sectors; by 2027, it is expected that the global machine learning market will have increased from $8.43 billion to $117.19 billion. In the USA, startup Piction Health is using machine learning to help doctors and physicians identify and treat a range of skin conditions (such as melanomas, acne, and shingles) starting from just a picture of your skin tone.
The market for quantum computing is expected to reach $770 million by 2025 ($214 million for quantum cryptography, as it adds an extra layer of security across all industries). Quantum computing plays an important role in the 2022 tech panorama: MIT researchers, for instance, are working on quantum sensors able to detect electromagnetic signals of any frequency. Here are the relevant areas of research (starting point: quantum computing), according to our InnovationGraph:
Data fabric architecture
Considering the exponential growth of data in the past few years (and the consequent challenge of data security risk), enterprises have to deal constantly with privacy measures and data integration. Data fabric architecture is therefore what helps companies with sophisticated, intelligent, and automated techniques to make it easier to integrate different data pipelines and cloud environments during the entire process, accelerating at the same time digital transformation within the company. Market analysts anticipate that the global market for data fabric architecture will increase at a CAGR of 22.3% from 2022 to 2029, from USD 1.71 billion to USD 6.97 billion.
“Cybercriminals are developing attacks faster than ever. They continue to exploit the expanding attack surface of hybrid workers and IT. And they’re using advanced persistent cybercrime strategies that are more destructive and less predictable than those in the past.”
—Derek Manky, Chief Security Strategist & VP Global Threat Intelligence, FortiGuard Labs
Fortinet, one of the security leaders in the entire world, with headquarters in California, USA, confirmed that:
- 80% of organizations experienced one or more breaches during the last 12 months.
- 19% confirmed five or more breaches.
According to IBM, the International Business Machines Corporation, with headquarters in NYC, the average cyberattack costs $3.86 million and takes 280 days to find and contain. This confirms the urge for corporations to make cybersecurity a board-level priority, taking into account that the global cybersecurity market will be worth $403 billion by 2027 with a CAGR of 12.5%.
Gartner predicts that by using hyperautomation technologies, businesses will reduce operational costs by 30% in just 2 years, and that's the reason why it’s one of the top trends on the Gartner Top Strategic Technology Trends for 2022, with a market worth 26 billion dollars by 2027. The top countries in Europe are the UK, Germany, Spain, France, and Italy (with Germany at the top of the ranking).
“The shift towards hyperautomation will be a key factor enabling enterprises to achieve operational excellence, and subsequently cost savings, in a digital-first world,” said expert Ms. Tornbohm.
Top companies in the hyperautomation industry worldwide, according to SCOUT:
The blockchain market is rapidly growing due to its decentralized nature, transparency, and trusty chain. There are currently 2.8% of people using blockchain worldwide, which led to a total of 696,251,416 transactions on Blockchain.com as of December 21st, 2021. However, the future of blockchain is still a bit uncertain as people are skeptical about its scalability, the implementation’s high costs, and the difficult process of integration. Blockchain technology is already used by Kodak, IBM, and Spotify, and IT consultants predict that by the end of the year, at least one cutting-edge company based on blockchain technology will be worth $10 billion.
Augmented reality, virtual reality, and mixed reality
A few years ago, no one could have imagined that we would be able to attend a virtual concert or meet virtual friends in another world. But nowadays, the line between the real and the digital world continues to blur… According to Mordor Intelligence, “the global mixed reality market was valued at USD 553.27 million in 2020 and is expected to reach USD 5811.09 million by 2026”. Mixed reality is becoming increasingly common in our everyday lives, from grocery shopping to buying a pair of shoes or playing a game in your free time. “Farmers are even using virtual reality to keep their cows happy”, said writer Bernard Marr. Check our blogpost "Virtual Reality, Augmented Reality and Mixed Reality" to see how these technologies are definitely becoming a substantial part of our routine, making many people think that the metaverse may happen in the near future.
Robotic Process Automation (RPA)
Robotics, in combination with AI, is shaping our future across several industries, especially after the rise of cyber attacks, as it can automate security measures within the company. But not only. IBM RPA provides an AI-assisted chatbot to provide customers with high-level assistance at any time.
Forecasts say RPA’s market value will reach USD 30.85 billion by 2030 (it’s now worth USD 2.32 billion). This industry is rapidly growing. Here are the top startups, according to SCOUT:
It takes complex and difficult work to successfully innovate and monetize new technologies. Indeed, only about 7–10% of all technology startups succeed. Also, did you know that 88% of the Fortune 500 companies from 1955 do not exist anymore, many due to a failure to innovate? Interesting, right? Then, let's stay in touch as we're about to release the latest whitepaper by our Chief Data Scientist, Dr. Matthias Plaue (hint: it's about Data-Driven Innovation and Technology Intelligence). 🤖
“We at MAPEGY strongly believe that gathering intelligence can be nothing else but data-driven. Trusted insights can only be based on hard facts and figures extracted from reliable data.” - Dr. Matthias Plaue, Chief Data Scientist @MAPEGY.