Which new technology trends will people focus on in the next three to five years?

IT Strategy & Roadmap Business Applications Innovation

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CTO in Software2 years ago

There are a lot of things that we are looking at closely, such as data science and artificial intelligence, which are critical to our success. Web3 is talked about a lot, especially around community, because the ownership of data is a distributed model for us.

Director of Engineering in Software2 years ago

AI and blockchains are still in the essence stage. I don't see them as live products that people can use in the immediate future; they’ll still be in their research stages. In terms of blockchain, certain things like smart contracts might reach the public through real applications, but right now I don't see any substantial change. I have been expecting smart contracts to replace legal documents, but I haven't seen anybody do it yet. That could happen within the next five years, because I do see some applications that might come into that space, which will be able to reduce paperwork, especially legal paperwork.

Regarding security, there is both a huge market and need because everything is moving into the cloud. Even for a small website to move into the cloud, there are security considerations, whether it's the private data of their users or their own information. So security will be one of the larger technology sectors within the next five years. And since security is a requirement with everything moving into the cloud, DevSecOps becomes more essential because those two things are ultimately related.

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Board Member in Healthcare and Biotech2 years ago

The adoption of blockchain for legal documents would be driven by regulators themselves accepting that technology, and that has been a big challenge in the parts of the world that I've seen. The only country that has accepted smart contracts is Estonia. They are betting on technology in a serious way, especially after the big hack they had in 2007.

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Director IT | CTO Office | Digital Factory / Industry 4.0 in Hardware2 years ago

There was a small startup blockchain that we tried internally at Flex for our internal contract management. And I told them, "Unfortunately, you are a bit too early in the market. You'll pave the way for everybody else who will learn from your mistakes and they're the ones that are going to reap your benefits, because I've seen this happen before." But it's still not quite there. Once the regulators start using it, then it's going to catch fire. And realistically, when you talk about the government, there has to be a bit of money in their pocket before they say yes.

If you’ve ever dealt with the legal department at any company, you know that's not the best place to do advanced technology. Facebook still prints and reads their legal paperwork. We had a hard time introducing Box, but we have given it a try.

CTO in Healthcare and Biotech2 years ago

Web3, specifically decentralized socials. Behind the scenes, AI will be making so many things run faster, cheaper, better, but it won't share the same limelight.