"Kinetic enterprises are fluid and their leaders understand that to remain relevant, they will need to develop a deliberate innovation response to these disruptive forces," said Bill Briggs, chief technology officer and managing director, Deloitte Consulting LLP. "It's not about chasing every shiny new object; it's about translating the raw potential of emerging technology into a focused set of priorities with measurable, tangible business impact."
According to the report, some of the key trends that will transform the business landscape in 2017 and beyond include:
- Dark Analytics: Advances in computer vision and pattern recognition allow companies to plumb the recesses of unstructured data, which may include images, audio, video and information residing in the "deep web." These tools can unlock powerful strategic and operational insights for businesses in the next level of technology-driven enlightenment.
- Everything-as-a-Service: Services-based ecosystems are becoming increasingly common in business. This model requires open and agile systems, which could provide a business rationale for modernizing legacy core systems. From next-generation ERP to "replatforming" custom back-office applications, everything-as-a-service (XaaS) can help information technology achieve greater efficiencies and lay a foundation for business innovation and growth.
- Machine Intelligence: Artificial intelligence and machine learning are doing more than providing insights and recommendations. Increasingly they are augmenting and automating more complex, mission-critical tasks. This continuum covers cognitive and predictive analytics, bots and robotics process automation — related but distinct disciplines delivering on the broader promise of machine intelligence.
"This goes beyond the CIOs and IT department. There are factors changing every element of business," said Briggs. "Machine intelligence, blockchain and other technologies will have huge implications for talent, operations, and for the enterprise as a whole. Developing a strategy for prioritizing investments and harnessing these emerging technologies has become a boardroom directive."
The report's "Exponentials" chapter identifies four key areas blending science and applied technologies — nanotechnology, advanced energy storage, synthetic biology and quantum computing. Business leaders across industries should be aware of the looming potential these technological advances hold and begin exploring ways to harness exponentials within their organizations.
In addition, each chapter features a "Cyber Implications" section, which helps CIOs balance potential with responsibility around security, privacy and compliance. For the kinetic enterprise, striking this balance is necessity, and reflects a shift toward viewing risk strategically as a core discipline. The report also includes case studies, perspectives from industry luminaries, and experience from Deloitte practitioners that crosses government, business and society.
The full Tech Trends 2017 report can be found at DU Press.
About Deloitte Tech Trends
Deloitte's Annual Tech Trends report identifies trends that are likely to disrupt businesses in the next 18 to 24 months. Now in its eighth year, the trends cover macro forces fueling innovation: digital, analytics, cloud, the reimagining of core systems, and the changing role of IT. Tech Trends embodies insights from business and government executives on their current and future priorities; perspectives from industry and academic luminaries; roadmaps and investment priorities of startups, venture capitalists and leading technology vendors; and insights from our global network of Deloitte professionals. Follow the conversation at @DeloitteonTech or #techtrends.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including 80 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society.
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