Advanced technologies are transforming how businesses operate and compete in the global market. This is the reason, more and more businesses are investing in tech tools and solutions to stay ahead of the curve. Various technological innovations are discussed daily in many technology and business analyses so businesses can adopt them for better growth and productivity.
Tech geeks, business professionals, and niche experts regularly follow top-notch tech news sites and blogs to stay aware of the latest trends. Learning about tech innovations gives you an edge in your daily operations, improving your position in the business market.
Hyperautomation, quantum computing (and its post-quantum counterpart), extended reality, and edge computing are the top tech trends that open new doors for business growth.
Here’s what direction they’ll take the following year.
Top 4 Tech Trends That Will Influence Business
1- Hyperautomation
Hyperautomation goes beyond AI’s traditional automation processes and is a more integrated and comprehensive approach concerning the scope of automation. AI automation typically focuses on automating specific tasks or processes. Hyperautomation combines machine learning, artificial intelligence, robotic process automation and business process management to create end-to-end automation systems.
According to tech and research firm Gartner, by 2025, more than 70% of large global enterprises will have adopted structured hyperautomation processes. Why does it matter?
- Increased operational efficiency: hyperautomation can significantly reduce operational costs and increase productivity. It also has the potential to lower operational costs by 30% when combining hyperautomation with restructured business operational processes.
- Scalability and adaptability: With hyperautomation, businesses are able to scale their operations without requiring increasing costs. It provides businesses with the flexibility to quickly adapt processes in response to market changes or new opportunities.
- Improved consumer experience: By automating customer-facing processes, businesses should provide a faster more consistent service.
Hyperautomation is not limited to a single sector and its applications can be adapted to suit financial services, healthcare, retail, and more. Hyperautomation does come with some limitations and requires human intervention. RPA, for example, is great for repetitive tasks but falls short when dealing with unstructured data.
2- Quantum Computing and Post-Quantum Cryptography
Quantum computing has advanced significantly since NIST released the Federal Information Processing Standards (FIPS) in August 2024. By 2025, different government and commercial sectors are expected to adopt these standards. Quantum computing poses a threat even though it can crack various encryption methods, including public-key cryptography, which is used to protect digital communications and transactions.
While quantum computing is considered a threat, post-quantum cryptography is not. PQC is designed to resist attacks from both traditional and quantum computers. PQC is being referred to by cybersecurity experts as the essential safeguard against the attack. It is a group of cryptographic algorithms designed to resist quantum computer assaults.
Protecting private information is more of a preventative measure. It might only take five to fifteen years for all industries to transition to quantum-resistant cryptography, even though some sectors that are pushing the use of quantum computing are ready to implement FIPS.
3- Extended Reality (XR) Technologies
XR technologies combine Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR). In 2025, different industries are expected to invest in extended reality (XR). Healthcare, education, and retail are adopting XR to provide an engaging and interactive experience for patients, students, and consumers.
XR technologies are moving towards greater compatibility. For example, a San Francisco-based company, XR Casino, created a platform for the iGaming sector that allows users to play games like blackjack and roulette using different XR devices.
Like blockchain technology that allows for cross-platform compatibility, XR technologies can facilitate cross-platform compatibility in 2025. This will allow various sectors to use XR to provide consumers with an immersive, personalized experience using AR, VR, or MR in one place.
4- 5G and Edge Computing
The combination of 5G networks and edge computing is currently in development and implementation is expected for 2025.
The global 5G market is expected to reach $348,76 billion in 2030, and the global edge computing market size is projected to grow by $216,76 billion by 2032. The combination of 5G and edge computing is significant and allows businesses to:
- Improve operational efficiency: The combination of edge computing and 5G networks allows for more efficient operations and near-instantaneous data-driven adjustments in IoT devices and applications.
- Support demanding applications: Manufacturing, robotics, and AI sectors that require high-speed, low-latency processing will be supported.
- Enhanced data control and security: Edge computing reduces any vulnerabilities by minimizing data transmission to central hubs.
- Increased performance: This combination allows for full functionality in areas with limited connectivity, supporting systems that run independently. This increases operational performance.
Conclusion
These technology trends are changing the way businesses operate, compete, and interact with consumers. They have the potential to unlock new business opportunities, increase operational efficiency, and improve the customer experience. Along with their benefits, businesses should consider limitations and challenges like implementation costs and regulations before making final decisions.
