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Which technology trend in 2020 should you pay attention to in order not to lose touch with the construction and real estate industry? Which trends will shape the digital transformation of our companies in the coming year?
To get a brief overview of the latest technologies, we have compiled the most concise trends for 2020 here:
Technology Trend 2020: Hyperautomation
The automation of organizational processes within companies has been a cross-industry topic for years. Initially, several individual solutions were developed, but these are increasingly growing together. This combination of automated processes goes beyond the process optimizations pursued in many companies. Processes are no longer optimized, but automated, which raises the efficiency of an organization to a completely new level.
This is because hyper-automation is about dealing with the combinations of multiple machine learning, software packages, and automation tools for work processes. The actual core of the automation mechanisms concerning hyper-automation is their relationship to one another and how it is possible to combine and coordinate them.
Technology Trend 2020: Democratization of expertise
The technology sector should not represent a special field for elites due to increasing democratization. With the advancing digitalization of society, the democratization of expertise will prevail as a trend. In the context of this new form of accessibility to technology, the development of software applications, for example, has become increasingly easier in recent years. Today, it is already possible to create complex websites without specialist knowledge, but with so-called building block systems, which would have been unimaginable 10 years ago.
This trend towards the democratization of knowledge will continue, as can also be seen in the concept of digital twinning, which can be used for onboarding through its centralized and visual data processing, since an entire organization, including the necessary expertise, can be mapped digitally and live via IoT, so that, in addition to onboarding, even training and much more can take place on a virtual level.
Technology Trend 2020: Practical Blockchain
In 2020, the blockchain will find its way into the everyday life of companies and authorities. Many companies are currently developing new infrastructure in the area of finance and based on the blockchain. In 2020, companies will be ready to develop innovative business concepts based on this technology. The first large companies like Facebook or Microsoft are already testing them. However, German companies such as SAP and Allianz are also active users of the blockchain. In the construction industry, too, some processes need to be mapped with blockchain. Practical Blockchain is therefore one of the most important technology trends in 2020.
Technology Trend 2020: Multi-experience
The multi-experience is one of the most important trends that will revolutionize the user experience by 2028. Virtual Reality, Augmented Reality and Mixed Reality are changing the way we will perceive the digital world as these will be the future multimodal experience. People in the area of user experience will experience a significant shift in how users perceive and interact with the digital world.
Technology Trend 2020: Digital Twinning
Directly interwoven with multi-experience, artificial intelligence, and hyper-automation, digital twinning describes one of the biggest trends in 2020 and is one of the great answers to the lack of digitalization. The digital twin caused a revolution in real estate, but also the industrial sector, in 2019. It provides a new level of efficiency in the sector of inventory and condition recording and describes a new level in the sector of connectivity. Furthermore, assembly line and factory planning, tendering procedures, process optimization and maintenance, topics such as safety and compliance, and even training are managed via the Digital Twin.
More about the Digital Factory through Digital Twins can be found here.
Technology Trend 2020: Transparency and Traceability
Consumers are now increasingly aware that their data is important and requires control in the context of data protection so that it cannot be misused. Governments implement strict laws to ensure data protection (GDPR) within organizations and reduce the risk involved in securing and managing data.
But it is not only customer data that is relevant. Information in the form of stored data also plays an important role in increasing the efficiency of companies. But only those who have transparent data and know their consumption and usage data can optimize the efficiency of the company. Data management systems such as the data lake or the single point of truth play an elementary role in handling data. These trends are in turn closely linked to the digital twin, which is based on data and has a complex, visualized solutions for handling data.
Technology Trend 2020: Distributed Cloud
A distributed cloud is the division of cloud services. These are relocated to locations outside the cloud provider’s data centers. Therefore, the respective cloud provider is also responsible for the operation and architecture of the cloud. This represents a significant shift from the centralized model of most public cloud services and will lead to a new era of cloud computing.
Areas of application for the distributed cloud can be found in the context of the Internet of Things, Industry 4.0, machine learning, artificial intelligence, and many more. The platform of the Digital Twin is also supported by a cloud so that it can be accessed from anywhere and at any time – in a decentralized manner.