Emerging Technologies in Europe
Moving towards the next big flip
In 2022, a larger proportion of EMEA organizations invested more than 20% of their IT budget on Emerging Technologies. This shows the importance of emerging technologies to organizations’ innovation and the role of these solutions in helping businesses cope and thrive during a crisis.
Based on the number of organizations adopting an emerging technology or planning to in the next 2 years, it is possible to outline an overall picture of the emerging tech market.
Technologies with high level of adoption that will reach their maturity in the short term
New Addition to the Radar
Technologies with above-average level of adoption. Can be safely implemented in daily business but are still changing at a fast pace
BCI - Brain Computer Interface
FaaS: - Function as Service
Next wave of innovation (or long-term maturity horizon) promising to bring a real revolution and disruption
HUI - Humanized User Interface
NLP - Natural Language Processing
Metaverse and Web3: Toward the Next Big Flip? Key takeaways from IDC's CIO Advisory Board
We have identified three main features that a technology needs to coexist in order to be defined as emerging technology
Early maturity stage
The technology needs to be in an early stage, meaning that:
- It is beyond the conceptual phase
- It is still in the development phase
- It already has a real business application
Changing the status quo
The technology must be able to change the status quo. It must be able to provide new way of working and living.
For example, industrial AR/VR solutions. Which are changing the way how employees are carrying out maintenance processes in manufacturing. And how training in the healthcare sector is provided, for example surgical training.
Broad but still uncertain impact
We either refer to broad impact in terms of the industry scope, or broad in the number of applications it has in the same industry.
Those applications are, however, uncertain, meaning that they can be either uncertain in the outcome, or in the fact that they bear some potential risks.
Key Uses for Emerging Technologies
New Trends to Keep an eye on
Deep tech refers to those technologies that are based on high tech innovation in engineering, or significant scientific advances. Deep tech applications aim at achieving real improvement in human lives and society, rather than business improvement.
A highly immersive future environment that blends the physical and digital to drive a shared sense of presence, interaction, and continuity across multiple spheres of work and life.
Web3 represents a major change by moving the control of personal information, data, and content from providers and platforms to the person, which ultimately control their information and their related value.
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