Emerging technologies is becoming a common term these days. Though the term appears to be self-explanatory, there are many lists being created and shared that are selecting the technologies that should be getting attention by businesses.

To keep up with the rapid innovation and disruption happening across all industries and to stay ahead of their competition, CIOs and technology leaders should assess and effectively leverage emerging technologies for their net-new values – whether they are on the lists or not.

Both because the world of emerging technology is fast-moving and ever-changing and it has consequently become difficult to get a handle on both the state of various markets and the ways to leverage them for business innovation, it is important to identify those technologies worthy of your time.

As you assess the lists, don’t assume your business can’t be enhanced by the technologies covered. Many organizations, from healthcare to manufacturing, are considered early adopters, so it is not surprising when they “poo poo” something new, but don’t immediately write off using emerging technologies in your organization because you’re unsure of how they can fit.

The breadth and strength of services is key in defining the next wave of cloud competition, and this is not a secret. Vendors are well aware of it. While infrastructure-as-a-service is still a growth market, a status quo has already arisen, and it is unlikely to change rapidly. As such, vendors have realized that next-generation services are their next avenue for net-new competition, and those services are now pursued by every vendor covered.

This change is rapidly shifting the established market dynamics of the cloud, further contributing to a multi-cloud reality.

Emerging technology is unlocking their business potential. Technologies such as blockchain, artificial intelligence (AI), augmented and virtual reality, and the Internet of Things (IoT) are rapidly reshaping reality at a breakneck speed. This is why emerging technology needs to be a core part of every company’s corporate strategy.

More latent technologies that still contain potential include biometrics—face, fingerprint, and retina scans. They are becoming mainstream methods for verifying identity. These methods will form the secure foundation for solutions delivered by IT companies moving forward.

Drones enable robotic automation with fewer geographical restrictions. Opportunities for development and integration are high for this market. It is an exciting time for innovation everywhere. Its impact on business opportunities and customer experiences contain great potential.

Melody K. Smith

Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.