New Technologies Giving a Makeover to IT Consulting

CIOReviewIndia Team | Wednesday, 18 March 2020, 12:43 IST

IT Solution

From past few years IT consulting market growth has been very positive with technologies penetrating across every industry today. The growing need for strategic planning in the businesses, growing role of Big Data, advancements across various technologies such as AI, ML, IoT, Cloud, among others has been the major driving factor for its growth bandwagon. This phase has seen many trends come and go, where many of these trends are becoming the utmost necessity for the industry players of today.

If we look at current market trends, many IT consulting companies entering the market to help businesses to utilize information technology (IT) and digital to optimally achieve their business goals. As IT department has become the most crucial part of any company, demand for various services across IT Strategy, IT Architecture, IT Implementation, ERP services, Systems Integration, Data Analytics, IT Security and Software Management are increasing day by day. IT consulting firms are broadening and deepening their technological capabilities to perfectly meet every expectation of clients pertaining to robust IT infrastructure.    

Bill Gates, Co-Founder, Microsoft Corporation once quoted, “Information Technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without talking about the other.” And, so is the case today, where IT has truly become the most crucial part of any business. Here are some of IT consulting market trends which is further expected to bring disruptions across many industries:

Revolution in Analytics

Today, we are witnessing analytics revolution in many industries where advanced analytics and Big Data have made quite the impression in the technology consulting industry.  With this evolution, numerous additional services with better optimization capabilities are coming into the picture.

Edge Computing at the forefront of the industry

Edge Computing has become a much more viable prospect, as sending data to the cloud could become increasingly more impractical over time. And, this is because of the fact that more AI-connected devices are being utilized today.

Blockchain Rising

Blockchain technology is being adopted across many industries, although being associated with only cryptocurrency primarily. One of the major factors being the increasing security concerns while, this is also expected to be one of the fastest peer-to-peer asset transaction exchanges. Hence, many consulting firms are trying to find its usability to transform many other crucial operations.

Dawn of FAAS

FAAS (Failure-as-a-service) will see a significant rise with arising necessity to provide prototyping, visualization, and other fast fail methods to help firms plan accordingly. Many technology consulting firms are popularly offering this service to many clients with the same expectations.

Diving into more Flexible Organizational Culture

As organizational culture has always been one of the biggest challenges to many firms today, lots of focus is being driven to keep companies adaptable and flexible as it grows. Also, it has become harder for companies to do so, if we consider the rate at which expansion and growth is taking place.

Furthermore, IT consulting firms must adapt to every changes and transformation, as it has become vital for them in order to stand out to every customer’s expectation.  While, if we see the rate at with transformation is taking place, it is set to prove very beneficial for the players with these technologies becoming norm for various businesses, today.

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