Unprecedented shift in consumer behavior and business ecosystem has led technology firms to enable fundamental business processes—from the way business strategy is engineered to the modernization of core assets—and evolving supply chains into value enablers. Let’s take a look at some of the tech trends that are transforming digital businesses:
- Tech product builders should implement tech led strategies
Business strategies and technology strategies are not two separate entities anymore, hence startups should lean on affirming AI-led choices that provide them informed strategic options and business agility, right from the start. Startups and SMEs should ideate and plan technology architecture and implementation techniques to ensure the overall business strategy and their product build is supported by clearly aligned technology choices.
- Giving way to MLOps Importance
For Startups and SMEs to deploy AI integrated systems and processes consistently, businesses must capitalize on AI & ML functionalities to accelerate product life cycle processes. ML-led DevOps – MLOPs can fast track prototyping and development pipeline of a number of digital products while enhancing output quality. This approach is one of the fundamental techniques to strengthen tech-led business strategy initiatives.
- Seriousness and Innovation around Data
Until recently, enterprises of all sizes captured and engineered data that mattered. The relevance of unstructured and all sorts of data received the spotlight when some firms showed unprecedented innovations and improvements in their business processes. Hence the strategy around capturing and storing data, started to evolve, with data engineers experimenting with different database technologies like feature stores and graph data.
- Playground for Cognitive Science in Finance and HR Tech
As AI models are nearing perfection, firms are moving towards building user-friendly AI platforms for use by business employees in Finance and HR. Finance associates can then find simpler dashboards to quickly build models, easily understand and trust their output, and confidently make decisions. A new opportunity to create AI-based recruiting processes has emerged. Leveraging cognitive science and simple gamification techniques, startup minds can create Omni-device apps, to evaluate candidate experience, expertise, intellectual skills, cultural fit, and multiple other factors in a smooth and engaging candidate evaluation journey.
- Design for one. Customize for All
The new way of user experience design for digital products and services is based on a single design that suits a macro segment of the audience, considering them to be one audience. Once this is done, using AI and ML, designers/coders can identify insights on individual consumer data, based on which could automate and amplify quick tweaks in experience design that suits the person, essentially creating one-to-one personalized experiences.
Companies will implement new data optimization techniques to turbocharge machine learning and learn to use technology to reimagine the workplace and create more human experiences.