The future of Information Technology
Recent interviews with Regional lead Microsoft office and Regional Managing Director SAP outlined the future of the business community with regard to corporate IT infrastructure. The premier highlights were the advent of cloud computing and the increased use of mobile computing.
Darren Rushworth, Regional Managing Director SAP, in an interview, pointed towards three developments in IT in the next five years; firstly, increased use of mobile computing which will diminish the usage of traditional laptops and desktops. The growing prominence of smartphones and related devices is a testament to this prophecy.
The branchless banking segment has grown significantly on the back of mobile networks, with only 13 percent of the countrys adult population having bank accounts; mobile networks are the best reach to tap the market.
Secondly, everything will be cloud were the words of Regional MD SAP. Although true, it is not possible in the next five years. Even though most IT moguls believe it to be the next thing, its establishment in the business community will be delayed mainly due to the massive turnaround from a hosted environment to a cloud one.
Both regional leads hinted towards a hybrid mechanism where companies may possibly outsource their non-core business operation to the cloud, whereas core business activities will remain hosted until business confidence on the cloud increases.
Mobile and cloud computing go hand in hand, and with user data and apps present on the cloud, dependence on smart devices will increase.
Finally in-memory processing will take eminence over the traditional business intelligence mechanism which loads data onto the disk in the form of tables and multi-dimensional cubes against which queries are run. In-memory processing which is an electronic mechanism, will load data onto the memory and provide users with immediate access to information enabling them to make quick informed decisions.
This new technology gives rise to the added use of predictive analytics; in terms of business, these analytics exploit patterns found in historical and transactional data to identify risk and opportunities for businesses. Prominent applications include credit scoring for financial services and risk management for insurance companies. However the technology also carries potential for marketing, telecommunications, retail, healthcare and other fields.