Three mega tech trends shaping the future

New research from Accenture has found that three mega tech trends are ushering in a new era. The organisation’s When Atoms Meet Bits: The Foundations of Our New Reality report explores the technology trends underpinning the convergence of the physical and digital, as businesses look to accelerate enterprise reinvention in the here and now.

“The next decade will be defined by three mega technology trends — cloud, metaverse and AI — which collectively will collapse the distance of our digital and physical worlds,” said Matt Coates, Technology Lead, Accenture Australia and NZ.

“While generative AI will have far-reaching impact, leaders must dive in now to achieve its full promise, as it will require significant investments in data, people and customising foundation models to meet organisations’ unique needs.”

The meteoric rise of ChatGPT has captivated the world’s attention on the power of generative AI to augment human capability. Accenture estimates as much as 40% of all working hours will be supported or augmented by language-based AI. Among business leaders, 98% of respondents agree AI foundation models will play an important role in their organisation’s strategies over the next three to five years.

Accenture’s Technology Vision 2023 identifies four trends that are key to unlocking this new shared reality:

• Generative AI: Advancing human capability as a co-pilot, creative partner or adviser, nearly all executives agree that generative AI will spark significant creativity and innovation (98%) and usher in a new era of enterprise intelligence (95%).
• Digital identity: Ability to authenticate digital users and assets — the foundation for traversing digital and physical worlds — is now seen by 85% of executives as a strategic business imperative, not just a technical issue.
• My data, your data, our data: AI cannot reach its full potential until companies figure out data. That means breaking down data silos and modernising their data foundations. In fact, 90% of executives believe data is becoming a key competitive differentiator within organisations and across industries.
• Our forever frontier: The feedback loop between science and technology is getting faster, with each accelerating the advancement of the other, in ways that 75% of respondents believe could begin to unlock the world’s grand challenges.
   

Image credit: iStock.com/Shutthiphong Chandaeng