As business technology continues to advance at breakneck pace, there are several critical themes that will influence the corporate environment. Although the pandemic’s impact looks to be fading, technology will play an increasingly diverse role in how organisations run, how consumers are supplied, and how data is maintained.
In this post, I’ll look at best practises for three technological topics that will be important in the coming year and beyond: data analytics, recruiting and keeping talent, and security and compliance.
There Is still Much More to Be Done in Data Analytics
Although data analytics has advanced in certain ways, the initial promise has yet to be realised, particularly in the proactive/predictive domain. To begin, data analytics systems should be built by curating all data together, whether it comes from a single source or several ones. In the future, improved data analytics that allow users to examine data for patterns and act on that information will continue to boost company executives’ capacity to make proactive, rather than reactive, choices. In addition, evaluating data using machine learning is critical for discovering information gaps.
Deep data analysis, beyond compilation and curation, leads to a better knowledge of the breadth of information accessible in order to create data use cases that can stand on their own. Despite all of the data accessible to businesses to better understand their consumers or healthcare providers to better understand their patients, there is still much work to be done.
In healthcare, for example, there is no technology to warn a patient that their blood pressure will rise in the next months or years, that they will become prediabetic, or that their cholesterol levels would rise.
Despite technological breakthroughs and the large quantity of data that can be evaluated at the individual level, a patient can only establish their present health state and any future difficulties by seeing a doctor and being checked.
The AI Promise in Data Analytics
I recently attended a conference where the analytics team of a big retailer referred to a data lake as “the ultimate Nirvana” of information. They were only able to find one data item that was relevant to a study the firm had conducted on socioeconomic determinants of health.
One piece of information. Hence, despite having the computing power, Memory, and seemingly limitless information possibilities that the internet provides, the entire promise of data analytics goes untapped.
We still can’t figure out what advanced data analytics use cases will help us function more successfully in the healthcare area and across most businesses, despite having all of the data accessible to us. In the future, the deployment of genuine artificial intelligence (AI) in the data analytics domain will drive answers to these inadequacies.
Although the finish line is not in sight, and the effort necessary to get there will continue in the months and years ahead, one thing is certain—it will be a thrilling ride.
Attracting Talent through Learning and Development, Culture, and Communication
Applicants seeking technology roles want to work for a firm that shares their values and can demonstrate that they can give a personalised experience that aligns with their personal and professional aspirations. Our work culture at Zelis includes meeting-free Wednesdays to enable workers get work done without interruption, the opportunity to cease working on Fridays at 3 p.m., and weekly “Wisdom Sessions” offered by internal and external speakers.
Employees are searching for advantages like these, and if you want to stay competitive, these sorts of perks are required rather than nice-to-have extras.
Employee happiness is also influenced by communication between management and team members. Focusing on daily projects or individual duties is necessary, but it’s also important for individuals to interact on a personal basis. Inquiring about what someone did over the weekend or their plans for an upcoming holiday might go a long way towards creating a more positive work atmosphere. For example, I try to start and conclude meetings by asking individuals how they’re doing, whether their workload is manageable, and if there’s anything else they’d want to talk about that isn’t on the agenda.
Workers are also more involved in their work when they have the opportunity to learn on the job, online, or in a classroom setting. Companies can curate courses and give in-person or online training to assist engineers increase their present skill sets by polling personnel in technology jobs. Employees at my organisation are encouraged to attend learning sessions that teach them disciplines and job duties outside of their areas of expertise, and we give licences for several learning models such as LinkedIn Learning, Pluralsight, Cloud Guru, and Skillsets Online.
The Growing Importance of Security and Compliance
As security breaches become more sophisticated, end users will face increasingly burdensome constraints that go beyond just setting stronger passwords.
As hacking and phishing get more sophisticated, technology will need to develop towards a more password-free world. As a result, applications and authenticators are anticipated to play a larger role in ensuring the safety of data and users.
All of this implies that, in order to keep one step ahead of the bad actors this year and beyond, organisations will rely on their workforces more than ever to be cautious against data breaches and information leaks caused by hackers. In a society that will increasingly rely on technology in the future, it will be quite interesting to track the growth of cybersecurity.
Of course, these are just a few of the technological developments that will influence how data is managed and how organisations will serve consumers, retain people, and keep data safe in the future.
Source: Kali Durgampudi
