Top Enterprise Solutions That We Must Be Aware of in 2020

The present market is getting highly competitive, and for businesses to survive in this cut-throat competition, enterprise mobility solutions are playing a pivotal role. From their inception, enterprise solutions are helping businesses to stay in the game by embracing the digital revolution.

The enterprise solutions have taken the technology world by storm. According to research by Aberdeen, 96% of the growing businesses have implemented an ERP (Enterprise Resource Planning) solution, and are enjoying improved efficiency, cost-efficiency, resilience, and multiple benefits.

Also Read: The Role of AR and VR Technologies in The Education Sector

# Enterprise Solutions That Will Trend in 2020 and Beyond:

1) Artificial Intelligence:-

Two major subsets of Artificial Intelligence (AI) machine learning and deep learning are gradually gaining momentum for the past few years. Whether it is about learning the cognitive functions, learning & analyzing information, understanding human emotions, or solving complex tasks, Artificial Intelligence is making its place among businesses across the globe.

From the healthcare industry to the education industry, and to the banking industry, this enterprise solution is yielding huge profits for businesses from different industry verticals.

Businesses are rapidly embracing Artificial Intelligence and changing their development process by embracing automation. It is predicted that AI will double the growth rate by 2035.

2) 5G Data Networks:-

The 5th generation of internet connectivity has already created a buzz in the world of technology. With its advent, users will enjoy super-fast download and upload speed as well as robust and stable associations.

Most of the internet data users are still using 4G technology, it is believed that by the end of 2020, 5G data network will start flying with most affordable data plans and greatly improved coverage, which means businesses can now transfer their terabytes and petabytes of data in a jiff.

As the 5G network technology is making its place in the IT industry, the companies should start considering the business implications of having super-fast and stable connectivity.

The increased bandwidth will enable machines, robots, and autonomous vehicles to collect and distribute high-level data, and pave the path for other technologies like IoT and beacon.

3) Extended Reality:-

Extended Reality a.k.a. XR includes virtual reality, augmented reality, mixed reality, and all the other emerging technologies which are capable of blending virtual and real world, and excellently build an immersive experience.

We can also say that Extended Reality is the umbrella term under which AR, VR, MR, and other immersive technologies fall.

According to a report by a visual capitalist, the market of extended reality is expected to reach $209 bn by 2022. Below are the major applications of this technology in different industry verticals.

• Training – Extended reality helps people working in risk-condition, such as military, healthcare, piolets, etc. This technology helps them get training in a superimposed and safe environment.
• Remote Work – The professionals can easily access data from anywhere without worrying about the barrier of distance.
• Real Estate – Property buyers can view & experience properties virtually, and finalize the interior designs.
• Marketing – Brands can leverage the new avenues opened by extended reality and engage with their audience in a new and immersive way.
• Entertainment – From movies to sports, extended reality has made the entertainment industry more immersive.

4) Voice-Driven Software:-

Siri, play me sucker by Nick Jonas. Alexa, how’s the weather like today. Hey Google, book an appointment for me with a hairdresser tomorrow at 9 AM?

You must be familiar with all these conversations. In a survey by AppDynamics, By the year 2022, 55% of US households will have installed a smart speaker like Google Home, Amazon Echo, etc.

In the same report, 58% of IT leaders accept that voice-based technology will help their customers save time and increase engagement.

Enterprises from the different industries across the globe have already started utilizing voice-driven software. 

The integration of enterprise voice assistants in businesses will help employees improve their productivity by letting them perform all essential tasks such as scheduling meetings, providing reminders, tracking to-dos, making a phone call, sending e-mails, and more.

According to a report by Garner, by 2023, approx 25% of employee interaction with apps will happen through voice. Companies such as New York Life Insurance and Capital One Financial Corp are already leveraging Alexa in their daily customer interactions.

5) Cloud-Based ERP Solutions:-

The year 2020 will see a rise in the traction of cloud-based ERP systems, all thanks to the operational efficiencies which cloud technology offers. According to the report by Markets and Markets, the global cloud ERP market size is expected to grow to USD 101.1 bn by 2025.

The market of cloud-based ERP solutions will grow at a CAGR of 12.8% from 2017 to 2023.

# Following are the major reasons why businesses should migrate their enterprise applications to the cloud:

• The multi-tenancy streamline the customization of SaaS applications according to the enterprise requirements of an individual business.
• Scalability – The SaaS apps allow businesses to easily upscale and downscale their model as per required business changes.
• Cost-Saving – The cloud-based solutions are way economical than the on-premise solutions.

Also Read: What are the Benefits of Salesforce in business?

# The List of Other Enterprise Solutions That Will Rule 2020 and Beyond:

• Internet of Things driven Enterprise Solutions
• Blockchain keeps Enterprise Data Secure
• Augmented and Virtual Reality Enterprise Applications
• Microservices for Enterprises
• Edge Computing
• Enterprise Personalized Solutions
• Enterprise Solutions for Cybersecurity

Since the past few years, the eco-system of web development is performing well in terms of bringing new and innovative technologies. Numerous novel frameworks, mobile, web & app technology, and eye-catching designs are constantly coming forth to satisfy the ever-increasing demands of the users. These technological trends of enterprise mobility will surely allow the businesses more flexibility and help them in reducing the total operational costs. The coming future of enterprise solutions is bright and profitable.

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