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

IT Strategy & RoadmapBusiness ApplicationsInnovation
2.4k views20 Comments
CTO in Software, 11 - 50 employees
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 Software, 11 - 50 employees
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.
2 Replies
Board Member in Healthcare and Biotech, 1,001 - 5,000 employees

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.

Director IT | CTO Office | Digital Factory / Industry 4.0 in Hardware, 10,001+ employees

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 Biotech, 2 - 10 employees
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. 
Chief Technology Officer in Software, 11 - 50 employees
There are several trends but one I am very keen to see blockchain integrated into more business processes. The applications are limitless.
Solutions Architect in Software, 501 - 1,000 employees
the hype ones:
 - AI/ML
 - Blcokchain, Web3, DeFi
 - self-driving cars

and the ones, that will reduce costs in the following recession.
Senior Director in Healthcare and Biotech, 1,001 - 5,000 employees
Funny question. I suppose the person asking is looking for all the hyped tech like AI and block chain. What is a reality in the next 3 years is the digital transformation of industry which will mainly focus on the modernization of current ERP systems and migration of applications to the cloud. For every company that has gone down the path, there are at least 50 that have done nothing.
Chief Technology Officer in Healthcare and Biotech, 1,001 - 5,000 employees
Predictive analytics and machine learning, specifically, a big move away from spending so much time just analysing past performance and instead leveraging the power of cloud computing and our masses of data to help companies control their future.

In many cases companies do not know how to start on a data-driven journey but my view is this will become more and more of an imperative to stay competitive and to drive new markets.
Sr. Director of Engineering in Software, 51 - 200 employees
more reliable and advanced AI/ML applications, enterprise adoption of Blockchain based systems, Edge Computing and advanced level of autonomy in automobiles is going to be there in coming years.. 
CTO in Software, 2 - 10 employees
I'm going to stick my neck out and say blockchain and Web3 will NOT be the trends in the next three to five years. "AI" is going to continue to be thrown about as a catch-all for technologies that people aren't able to wrap their heads around. 

That being said, ML and MLOps will be THE trends that CIOs and CTOs will necessarily have to pay attention to in the next three to five years.
CTO in Software, 11 - 50 employees
Talking about Manufacturing and other industries influenced by Industry 4.0, people should look to Unified Namespace, to normalize and put together the plant information in real time for any software client.

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