Rapid technological developments urge companies of all sizes to rethink their operations and offers. Recent McKinsey findings, for example, show that almost nine out of 10 organizations realize their business models will evolve. This means we are going to see a huge shift among industries as they build digital practices from the ground up, rather than improving existing models.
This digital movement is not limited to IT-related markets. It is shaping the evolution of all industries. According to the IEEE survey of global technology leaders from the U.S., the U.K., China, India, and Brazil, technology will be reshaping industry sectors from manufacturing to travel and transportation to education in 2022.
So, if you are not keeping up with the latest IT trends, you are behind the curve. Tech innovations are important for continuous education and tech development in any industry. Yet, keeping track of all of them is incredibly time-consuming. Even IT professionals spend a lot of time gathering information, as there are hundreds of expert sources and even more technologies.
How To Stay on Top of Modern Technological Innovation
Staying up-to-date on IT innovations lets companies improve their products, transform their business, and deliver better customer satisfaction. Knowing the latest technological advancements is a chance to stay on top of the industry and contribute to its development. This, in turn, allows to speed up innovation adoption and, eventually, deliver an enhanced user experience.
To do so, organizations must stay on top of “what’s what” in modern technology. Companies will need to find ways to collaborate with each other to share ideas and insights to move the industry forward.
For example, Intetics has created a Vocabulary of Emerging Technologies, which covers IT trends and definitions of all emerging technologies for analysis and reference. Crucially, anybody can contribute definitions to the dictionary. Working together as a community on projects such as this and others, organizations will be able to find the necessary collaboration strategies to understand the wide range of innovations and niches.
Staying on top of recent technology trends also requires a time commitment from employees and direction from the organization at large. Companies must compile resources and help their teams get the support they need to understand the rapidly changing world of technology. Here are a few ways to get started with the various resources available:
- Subscribe to reports published by CB Insights, Gartner, and the World Economic Forum.
- Monitor the Gartner Hype Cycle for Emerging Technologies.
- Study Global M&A reviews, the Periodic Table of Disruptive Technologies and Innovation or reports by tech communities and IT business accelerators like Tech Nation.
Contribute to the Vocabulary! Add Your Tech Term
Read the full version of the article for more useful hacks and to stay on top of tech trends. And feel free to contribute to the vocabulary with missing tech terms.
Intetics Inc. is a leading global technology company providing custom software application development, distributed professional teams’ creation, software product quality assessment, and “all-things-digital” solutions built with SMAC, RPA, AI/ML, IoT, blockchain, and GIS/UAV/LBS technologies.
Based on proprietary pioneering business models of Offshore Dedicated Team® and Remote In-Sourcing®, an advanced Technical Debt Reduction Platform (TETRA™), and measurable SLAs for software engineering, Intetics helps innovative organizations capitalize on global talent with our in-depth engineering expertise based on our Predictive Software Engineering framework.
About the Author
Boris Kontsevoi is the founder and President of Intetics Inc., a leading global software engineering and digital transformation company. Under his leadership, a group of software engineers developed into a truly global technology company with multiple professional certifications and industry awards, including the Global Outsourcing 100, Software 500, Inc.5000, and Global Sourcing Association best of class company.
Boris has over 30 years of experience leading software development teams and over 40 scientific publications in the field of computer science and automation, he is a Certified Outsourcing Professional, and inventor of several business service models including Offshore Dedicated Team®and Remote In-Sourcing®.
He is an initial creator of the Predictive Software Engineering methodology, as well as TETRA™, a Technical Debt Reduction Platform, for a comprehensive quantitative assessment of the quality of software products.
He serves as a Distinguished Judge of WebAward Competition since the year 2000. Boris is a recipient of WebAward for the new Intetics.com slide-website, 2021, “Top 100 Tech Innovators and Influencers” by the Intercon 2020-2021, Entrepreneurial Excellence Award (2009) by The Business Ledger, Gamechanger Of The Year (2017) by ACQ5, Strategic Leader of the Year (2021) by GSA and a professional member and contributor of the IAOP, GSA, Forbes Technology Council, and IDG/CIO.com.
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