Top 5 Emerging Technology Areas CTOs Should Invest in 2021

• By Shardul Bhatt
• 10-08-2021
• Technology

Innovative technology is the key to drive operational growth in any organization. However, the plethora of advancements makes it challenging for business leaders to identify which one to choose. Each technology brings with it an opportunity to scale the enterprise. But implementing all of them can be not only tricky but also counterproductive.

Technologies focus mainly on achieving a competitive advantage. Some lead to improving efficiency, while many deliver higher productivity. Today, technology is more about engagement and building interconnected systems. The integration of various technical domains like cybersecurity, IT infrastructure, and more is crucial for achieving a singular objective.

Today, we will focus on five emerging technologies that are essential for modern-day businesses. CTOs and CIOs need to continually evaluate where they should invest for achieving a significant breakthrough. We are going to highlight the technologies that will drive overall performance improvement and organizational growth.

Top 5 emerging technologies CTOs should invest in 2021

The CTO of any Ruby on Rails development company needs to make efficient technology decisions. Modern CIOs & tech leaders must identify the right technology that can reap the most benefits. Leveraging the right combination of technologies is essential for CTOs to achieve better performance and profitability.

Checkout list of the best 5 emerging technologies that CTOs should invest in 2021 -

1. Cloud computing

Cloud computing is one of leading technologies for digital transformation. During the pandemic, cloud infrastructure became a necessity. By moving the IT infrastructure and enabling remote working, companies now realize the importance of the modern-day cloud.

Security is not a significant issue for cloud deployment anymore. As one of the leading technologies in 2020, cloud computing comes with added layers of protection. Private and dedicated servers are the new model for cloud deployment. The cloud reduces the operational expenses with just a single cost that is more of a long-term investment.

2. Internet of Things

Connected networks are more critical than ever. CTOs and CIOs must ensure that interdepartmental connectivity is at its best. The Internet of Things is both customer-centric and employee-oriented. It has benefits for both the internal operations as well as stakeholder engagement.

Shipping trackers, smart lockers, voice assistants are now the new normal for organizations. The Internet of Things also keeps customers and employees connected in a much better way. The integration of IoT with AI and Machine Learning will reap next-generation results for companies.

3. Managed IT Services

The extensions in IT outsourcing will transform how digital organizations work. Staff augmentation provides greater flexibility to CTOs and CIOs for hiring and allocating personnel on specific projects. It improves their capacity for acquiring new clients as the managed IT services provider takes care of the secondary aspects of development.

Managed IT services that involve technology consulting, cloud migration services, IT team augmentation, disaster recovery, and risk management. More and more CTOs should now opt for managed IT services to reap economies of scale.

4. Cybersecurity

Working data calls for rigorous security measures. Cybersecurity is now an essential technology for CTOs. They must ensure that the organization is meeting all the standards for security. Compliance and governance of data protection are necessary for improved efficiency.

Cyber threats would make the system vulnerable to massive amounts of data. Attacks on the supply chain system, vendor profiles, insider threats, phishing, and business emails can lead to severe damages. Cybersecurity professionals will protect the entire internal and external IT infrastructure from vulnerabilities.

5. Data Analytics

Gaining insights is now crucial for modern organizations. Advanced analytics needs to be a priority for CTOs and CIOs. An effective data strategy ensures better profitability, higher revenues, and improved productivity. It eliminates chances of error by reducing dependence on the hit-and-trial method.

Data processing, distributed storage, predictive analytics will play a significant role in business decision-making. Artificial Intelligence and Machine Learning will enable CTOs to leverage data for deriving hidden patterns from data.

Conclusion

The constant technological evolution is not a matter of concern - choosing the right one. The top 5 emerging technologies in 2020 are also the priority for a software development company that builds modern-day web applications.

During pandemic, the focus shifts from reaping efficiency to staying updated. The technical advancements will reach new heights as companies scale using digital methods rather than adopting a traditional approach. CTOs should be careful while implementing technologies that have a direct impact on their organization’s productivity.