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Five Tech Trends Organisations Should Watch Out for in 2023 to Boost Business Outcomes
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December 13, 2022 Blog

Authored By: Kumar Mitra, Managing Director and Regional General Manager, Central Asia Pacific – Lenovo ISG

 

IT operations have majorly evolved over the last three years with C-suite leaders and IT decision-makers prioritising IT transformation for business growth. Businesses are already leveraging Cloud, Edge and Artificial Intelligence (AI) to enable resilient and sustainable operations. Use cases are everywhere: better patient monitoring in healthcare, improved traffic management, building smart factories and remote asset management in the oil and gas industry. 

As digital progress continues to gain momentum against the backdrop of an accelerated rate of digitisation, here are five key IT trends that we expect will transform businesses in 2023:

5G to Revamp IT Infrastructure

The deployment of 5G in Singapore is set to boost IT services like never before. According to the International Trade Administration, one of Singapore’s primary telecom service providers announced in July 2022 it had achieved over 95% standalone 5G nationwide coverage, making Singapore the first country in the world to have complete standalone 5G coverage. Internet of Things (IoT) and edge computing will result in a significant impact on industries such as banking and finance, e-commerce, healthcare and civil services, among others. As organisations continue to migrate to the cloud, efficient workload and application management will necessitate advanced enterprise IT solutions. With 5G set to bring high-speed networks to process data faster, businesses can modernise infrastructure and experience enhanced performance complementing IoT, Augmented Reality/Virtual Reality, experiential platforms and other technological advancements.  

Businesses Will Benefit from as-a-Service (aaS)

IT decision-makers (ITDMs) are constantly on the lookout for avenues to reduce complexities and gain ultimate flexibility for their IT infrastructure investments. An everything-as-a-service offering, such as TruScale, can enable businesses of all sizes to stay competitive with a scalable, cloud-like consumption model, and this trend will see an uptake in the coming year. TruScale deploys hybrid cloud and data recovery solutions as-a-service where enterprises pay for only what they use—managing costs more efficiently. According to an Equinix report released in July this year, more than two-thirds (69%) of IT decision-makers in Singapore are moving to an everything-as-a-service (XaaS) model, citing the simplification of IT infrastructure (70%), improved user experience (61%) and flexibility (59%) as the key reasons for doing so.

Businesses in Singapore are benefiting from infrastructure scalability, improved performance and reduced costs by adopting XaaS. As the as-a-Service model gains prominence in 2023, more businesses can access flexible IT infrastructure through one solution provider and one contract and accelerate their transformation.

Innovations in Energy Efficiency Will Become a Part of IT strategy

Environmental, social and governance (ESG) activities are transforming government compliance resoluteness to an absolutely must-do initiative. Moving forward in 2023, businesses will continue to leverage innovative technologies to reduce their carbon footprint. Technologies such as warm-water and air-assisted liquid cooling help businesses reduce energy consumption while increasing agility, resiliency and performance. At Lenovo, we are one step ahead of this trend, with our fifth-generation Lenovo Neptune™ Direct Water-Cooling technology. This technology extends industry-leading data centre efficiency to a broader range of servers, recycling loops of warm water to cool systems and enabling customers to reduce power consumption by up to 40%.

Graphics Processing Units (GPUs) Will Gain More Prominence

GPUs are evolving from being used just for gaming to now strengthening computers in effectively solving difficult algorithms. In the coming year, this technology will continue to help businesses with interoperability with desktops, laptops and servers. They are equipped with deep learning and super samples, enabling GPU to learn on its own and start eliminating bottlenecks and supporting high-performance computing (HPC) workloads.

5G will boost Edge, HPC and AI

The speed of a 5G network is approximately 10 times faster than 4G, and edge computing will become viable as real-time processing improves. With 5G and Edge poised to gain stronger traction in 2023, HPC supported by AI will gain prominence. 5G will provide high-speed transfers of large volumes of data, and the Edge architecture will aid in employment management and maintenance of application workloads closer to the source of data—i.e., the HPC system, making it more accessible. Singapore’s Infocomm Media Development Authority (IMDA) has been focusing its efforts since 2019 on driving industry technical trials to demonstrate the transformative impact of 5G for enterprises as well as supporting the 5G innovation and research ecosystem.

In 2022, the Singapore government invested SGD $2 billion, more than double the amount from SGD $0.79 billion last year, on projects that utilise emerging technologies such as HPC/AI, ML, IoT, Edge and Big Data to improve IT and enhance business outcomes. The acceleration in the adoption of digital technologies is a result of increased demand by businesses prioritizing streamlined operations, better speed to market, and seamless digital experiences for customers. A positive observation is that businesses in Singapore are moving from the whiteboard to implementation. ITDMs are adopting different technologies to improve overall efficiency and deliver value in today’s hybrid environment, and this trend will further accelerate in 2023.

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