About 85% of businesses plan to either increase their technology investments or keep them the same in 2022. That underscores how essential technology is to businesses.
Business technology has the power to disrupt industries and level the playing field. It’s what’s allowed companies like Airbnb and Uber to transform travel and transportation.
If you want your business to have a major impact in your industry, you need to know where to put those investments now and in the future.
That’s why you need to know about the hottest business technology trends in 2022. You’ll be able to make smart investments to get ahead of your competition.
Are you ready to learn which digital options are worth looking at?
Read on to discover the top business technology trends to watch this year and beyond.
Cybercrime cost the U.S. $6.9 billion, a 7% increase from 2020. This is according to a report by the FBI, so these figures only account for what’s reported.
Cybersecurity issues can cost businesses millions. You’ve seen stories of class-action lawsuits against big companies that suffered a data breach.
Cybercrime impacts small businesses, too. They’re targeted more than large corporations because hackers know that small businesses don’t have the resources to guard against an attack.
Small business owners also have a false sense of security, thinking they’re too small for anyone to care.
Any business, large or small, can’t afford a cyberattack.
Strict cybersecurity policies are going to get put in place by small businesses. They’ll hold employees accountable and get outside help to manage the issue.
Artificial intelligence and automation already help businesses. You might have an email funnel to nurture leads or handle some accounting tasks.
You’ll see more automation in manufacturing and warehousing.
Automation is one of the top technology trends because businesses continue to find ways to do more with less. They can reduce business operations with updated technology that automates standard tasks.
This business technology trend can end up costing businesses more. Automation sprawl is another trend to watch out for.
It’s the use of overlapping tools, which creates redundancies and inefficiencies.
Just the opposite of what automation is supposed to accomplish.
You can make jokes about Mark Zuckerberg pushing the metaverse on everyone. There’s something to this trend.
Virtual reality is becoming more accepted among consumers. Businesses have to adapt because of that wider acceptance.
It changes how and where businesses reach customers. Keep an eye on this business technology trend because you may have to add it to your marketing mix.
If you do that while your competition is hopping aboard the TikTok bandwagon, you’ll be able to capture more market share.
Another area where the metaverse makes an impact is in remote work. You can ditch online meetings and bring everyone into a virtual room, where you can interact like an in-person conference.
Almost two-thirds (62%) of businesses invest in the latest technology because they need to replace old hardware. If that’s the main reason why you’re investing in new tech, you know how expensive it gets.
Businesses often hold off on upgrading hardware as long as they can. In the meantime, devices get so slow that it impacts productivity.
There’s a new business technology trend that’s gaining momentum. You’re probably familiar with Software as a Service (SaaS) solutions.
These are cloud-based software tools that allow you to pay on a subscription basis. That gives you a license without shelling out thousands of dollars for every program.
This works because SaaS also handles updates and data storage. You and your team can access SaaS programs from any device.
Apply that type of model to hardware. That’s what Hardware as a Service (HaaS) is.
With HaaS, you can upgrade to the latest hardware technology, pay every month, and scale up or down as you need to.
Businesses have more cash available, their teams stay productive, and the hardware gets maintained.
Big data is just getting bigger. We generate more data each day. Companies need to have access to data to make better decisions.
The challenges lie in the storage and accessibility of so much data.
That’s creating two trends in data analytics. The first is that cloud storage and hybrid storage options are proliferating.
The second trend is the increased demand for the interpretation of data. Business intelligence tools do a good job to collect data and generate reports.
Data storytelling and visualization are next in data analytics. This eventually will get automated, but for now, it’s up to data analysts to know how to convert numbers into stories.
What is data storytelling? It’s creating a narrative that conveys the challenges, assumptions, and insights learned.
The future of computing and technology is quantum. Quantum mechanics drills matter down to sub-atomic particles.
This drilling down to the absolute foundation is the next frontier in computing and technology. Right now, all technology relies on mathematics to function.
That places some limitations on what computers can do. They’re limited by our understanding of mathematics and engineering.
Quantum technologies blow the doors off of what technology is currently capable of. Quantum computers can solve the issues above relating to data analytics.
Quantum technologies are being touted as cybersecurity and automation solutions.
If you can figure out how to harness the power of quantum computing ahead of your competition, you’ll be in the best position to grow.
Pay Attention to These Business Technology Trends
The world of business technology seems to change every few minutes. If you can stay on top of technology, you have a greater chance to thrive.
These company technology trends show that every part of your business is impacted, from decision-making to business operations.
Do you want more great technology insights? Click on the Technology tab at the top of this page.