IT Industry must watch out for new innovation in augmented reality, artificial intelligence and cyber security in 2019 – Tech Observer

Kunal Nagarkatti, COO, Clover Infotech
Kunal Nagarkatti, COO, Clover Infotech (Photo: File)

As we bid adieu to 2018, it’s time to focus on the opportunities that will emerge in the IT industry in 2019. With new-age technologies driving innovation and disrupting every industry, 2019 promises to be exciting. Some of the trends that captured everyone’s attention in 2018 will continue to play a key role in the coming year as well. Below are the top 5 IT industry trends to watch out for in 2019. Especially, IT industry must watch out for new innovation in augmented reality, artificial intelligence and cyber security in 2019.

Internet of Things (IoT) will become intelligent

IoT is advancing and evolving with each passing day. In 2019, a network of collaborative intelligent things will be created where multiple devices will work together developing IoT to its full potential. Connected to the global web and combined via wireless communication channels, things will turn into a one big integrated system driving a major shift in the human-machine interaction.

As per the Forbes report, global IoT market
will grow from US$ 157 Billion in 2016 to US$ 457 Billion by 2020, attaining a Compound
Annual Growth Rate (CAGR) of 28.5%.

Self-teaching Artificial Intelligence (AI) will
be more confident

Since the invention of the first artificial intelligence, the field has witnessed some ground-breaking innovations. Artificial intelligence has done some revolutionary work in assisting human in tasks such as decision making, recognition of objects, emotion & speech, overall reinventing the . AI has been able to cope up with these tasks better, faster, and cheaper than people. The capability of algorithms for self-learning brings us closer to implementing the AI into many areas of human life.

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Based on the forecast by Tractica, a market
intelligence firm, the AI market is expected to grow more than US$ 191 Billion
by 2024.

Augmented Reality

Augmented reality is one step ahead of virtual
reality. In augmented reality, systems combine to give you a real-time 3D
vision, sound, haptics (the sense of touch), location data and even other
senses such as smell. All this enable people to immerse themselves in a created
physical world, react to what’s around them and alter their virtual environment
in real time. Organizations are increasingly applying this technology across a
wide spectrum of human activity from art & entertainment to commerce and
education. 2019 will witness ground-breaking work in this field to make it
readily available to people on their smart devices.

As per the Market Watch Study, Virtual and
Augmented Reality market is expected to grow more than US$ 117 Billion by 2022.

Cyber Security

In this digital world, where
everyone and everything is connected, information flows through the speed of
light. Due to our increased digital footprints, cyber security has emerged as
the gravest concern. There will be heavy investment in this field to adapt to
new technologies to enhance security.

As per the Zion Market Research, global size of Cyber Security market is expected to rise to USD 181.77 Billion by 2021.

Robotic Process Automation (RPA)

The ability of RPA to automate tedious and time consuming tasks has made it the most sought-after solution. It can automate mundane tasks, assist employees with the use of supervised automation. As a result, companies can save resource time and ensure productivity of the processes. In 2019, RPA would enable small businesses, not just enterprise business, to leverage the advantages of a digital workforce.

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As per the P&S Market
Research, New York, the RPA industry’s market size is expected to rise to
US$ 8.6 billion by 2023, growing at a CAGR of 36.2% during 2018-2023. 

The author is COO,
Clover Infotech

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