Firms that have not begun digital investments until now in technologies such as machine learning robotics, artificial intelligence, Blockchain, and augmented & virtual reality are at elevated risk of being interrupted, according to a new research.
These technologies, particularly Blockchain, have the prospective to bring disruptive results and restructure digital trade in 2018, as said by Dimension Data, a global IT solutions and services provider. The top trend for the approaching year is the taking up of Blockchain—the root of Bitcoin—and its huge prospective to disrupt and change the world of business, society, and money using a range of applications.
The Group Chief Technology Officer of Dimension Data, Ettienne Reinecke, said, “In the financial services sector, we have witnessed the European and US capital markets shifting to Blockchain platforms and analogous bustle in markets such as Japan. Taking into account how conservative and conformity-focused this segment is, that is quite noteworthy.”
He continued, “I consider that Blockchain has the prospective to completely re-engineer cyber-security, however, the industry has yet to accept it.” Blockchain, according to him, will also deliver on the guarantee of IoT in the year ahead. In 2018, few interesting applications of IoT and Blockchain in the field of cyber-security will surface.
Another stimulating trend to see coming is the bang in new wireless technologies that will facilitate IoT and get us a step nearer to the vision of insidious connectivity. Reinecke said, “Few of these improvements will include Gbps Wi-Fi and 5G, virtual beacon technology, new controls, and long-distance, low-power radio frequency.” As per the Head Solutions of the Dimension Data India, K.N. Murali, the trends in the country are analogous to those being witnessed worldwide when it comes to the implementation of emerging technologies.
He said, “There has been a rise in the implementation of Blockchain, particularly in the Indian BSFI division, and is, at present, being utilized for digital identity, fund transfer, and payments infrastructure. We will, in 2018, witness the ‘zero trust’ security model re-surfacing, meaning, enterprise systems will dynamically validate whether users are certainly permitted access to particular data sets, prior to making them accessible.”
So basically, Blockchain will be the enforcer of the “zero trust” policy, according to Murali.