Technology Trends to Keep an Eye on in 2019
We are fast approaching the end of another year, and software engineering continues to reign as king, as the career of greatest opportunity in many countries! Although the demand for software engineers is nothing new, especially here in the UK & Ireland, it has seen a significant rise in demand over the last year. With technologies like artificial intelligence (AI) and blockchain becoming more prevalent in the news and business sectors, the hunger for software engineers just cant be satisfied.
Alongside this demand for engineers, the pace of technological evolution is increasing rapidly, showing no glimmer of slowing over the next decade. Therefore, with 2018 coming to a close, here are the 3 technology trends that I believe will carry over from 2018 and lead the way in 2019.
Artificial Intelligence (AI)
Organisations of all sizes are now considering digital transformation as a core part of their business strategy to increase their competitive edge in the market. Business leaders cite artificial intelligence as the key driver of digital transformation for their business, and the security of their future.
AI is weaving its way into everything nowadays. The revenue of the AI industry will reach $1.2 trillion by the end of this year, up 70% from a year before. Further, the AI-derived business value is expected to reach $3.9 trillion by 2022 (Gartner).
This would make it seem like AI is a sector that is crucial to get into from a business perspective, but I wouldn’t act so swiftly if I was you.
There is no doubt that AI is a fascinating area in computing sciences, but what may surprise many is that business adoption of AI is potentiality set to recede in 2019. An article published earlier this month by Forrester exposed a stark reality that no business really wants to admit;
“In 2019, a full 10% of companies will bring human expertise back into the AI loop, and this trend will be largely due to the realisation of AI’s limitations.”
Before I cause too much controversy, let me first make it clear that I am refereeing here to AI-driven automation in business, not advancements in AI. There is no doubting the importance of AI’s mark on health care and many other similar activities.
What I am not saying is that the business sector cannot benefit from AI, but unfortunately, it has been a victim of its own hype. Business owners have assumed it can perform wizardry and instantly fix flaws in systems, flaws that owners may not be aware of, and of course, it hasn’t delivered to the unfair expectations placed upon it. Along with poor automation implementations, AI has, unfortunately, come off worse than expected in 2018.
Now hear me out, this point is not aimed at developers of the AI path, why would I put it as 1 of my 3 2019 trends if I didn’t believe in its importance. I simply want to highlight this, as I want developers to consider why they are adopting AI in 2019 and that the focus is in the context of AI’s abilities and limitations.
Blockchain became a hot technology trend because of Bitcoin, but this technology has applications beyond bitcoin and other cryptocurrencies.
Blockchain is a peer-to-peer network of interconnected computers for storing data or information which can’t be modified or stolen by anyone. It is a distributed ledger technology which removes the need for central entities.
The blockchain development is quickly and rapidly gaining ground as all the industries and companies are either adopting it or planning to adopt it in the future. Blockchain allows authentication of large-scale transactions in minimal time, removing the need for expensive intermediaries. Thereby, reducing costs.
Companies associated with all industries, including healthcare, are using blockchain to apply it in the supply chain, medical data, administration and, more importantly, to essentially streamline processes.
Most leading tech companies are stepping into the blockchain game and introducing their own platforms based on this technology to drive adoption. IBM launched its IBM Blockchain platform last year and is collaborating with banks, governments, distributors, and more, enabling companies to realise the benefits of this amazing technology. Microsoft, Amazon, and Oracle are also planning to push further with the blockchain technology in 2019.
According to a research by Alert Logic, 18% of the organisations reported at least one security incident in the last year.
Protecting data loss and leakage (67%) is the biggest concern for cybersecurity professionals, followed by threats to data privacy (61%) and breaches of confidentiality (53%).
With an increasingly large amount of sensitive business data being stored digitally, and more businesses being built on cloud technologies, the need for cybersecurity is always going to grow and, therefore, always be a demand. Although this is the last technology trend I have listed, it is by no means the least important. If we can’t protect our technological advancements, we may no longer have such exciting trends to chase after!
As always, we would love to hear your thoughts on technology trends that will come into their own in 2019. If you have any input, questions, or queries about anything within this article, please feel free to add your thoughts in the comments section below!