How Information Technology Will Transform Businesses In The Near Future

Over the past decade, the business landscape has undergone tremendous change. This is largely owed to the IT revolution that swept across the world, transforming how businesses carry out their operations both within the company and with their clients.  In 2018 alone there have been countless transformative trends which have taken businesses to new heights of efficiency. However, experts suggest that there is much more to come in the near future. By 2020, the changing face of IT will further revolutionise business operations. Here’s how:

  1. Work flexibility will be enhanced

Innovations in IT especially in the field of communication technology is opening businesses up more and more to the global market and freeing them from hiring employees only in their physical vicinity. Instead of having employees confined in the walls of office space, companies would be free to hire the best talent from all over the world where such remote employees could work in a simulated work environment. The scope of communication tools such as Skype could be expanded to include such workers in every operation of the business.

  1. Advances in network cable technology

Currently, in the IT industry, the twisted pair cabling is the most popular form of network cabling because they can easily support Gigabit Ethernet. However, they suffer from a few drawbacks which can result in data loss. Primarily the concern is with electromagnetic interference from other electronic devices which can disrupt the data transfer process. But soon these cables can be completely phased out in favour of fibre optic network cables that utilise light signals instead of electric ones. However, there is still a long way to go in terms of reducing the cost of fibre optics and providing sufficient IT training for it to be incorporated as a norm in most businesses.

  1. Blockchain technology will become widely used

Blockchain technology of recent times is set to revolutionise the IT industry just as open source software had done over two decades ago. Blockchain technology provides a new way of information exchange where transactions can be made in an extremely secure, transparent, and efficient manner. Due to the fact that Blockchain operates on a peer-to-peer topology wherein the information stored on the servers is available free to all the participants, no one entity can gain control of the network. Thus it can eliminate the need for any third parties or intermediaries for data transfer or transactions, thus effectively protecting them from any tampering.

As technology continues to change and evolve at exponential rates, lasting and widespread changes in the businesses which utilise such technology is inevitable. Although no one can accurately predict the innovations in information technology that is yet to come, these recent trends provide a rough idea of what the future holds for the industry and for businesses around the world. Businesses which embrace this change and use it to their advantage will see themselves staying ahead of their competition and growing to unimaginable heights.

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