Faced with economic volatility and a global skills gap, companies must harness technology to boost productivity, according to Daniel Fallmann, chief executive of enterprise search provider Mindbreeze.
In a report released Monday, Mr. Fallmann predicted four tech trends that businesses should prioritize over the next year.
The first trend centers on specialized “intelligent applications” – A.I. tools like virtual assistants that streamline workflows. As alternatives to bloated software suites, these nimble apps automate routine tasks and provide data-driven advice. Mindbreeze, for one, offers an ecosystem where clients like manufacturers can build custom solutions using its insight engine as a backbone.
Secondly, Mr. Fallmann argues that leading A.I. models should be paired with search and retrieval technologies to enhance their workplace usefulness. Rather than training models from scratch, this two-pronged approach allows them to generate specific, up-to-date recommendations by referencing a company’s data. The technique also minimizes unwanted biases.
The report additionally cites rising expectations around sustainability – from policymakers and consumers alike. To demonstrate social responsibility and comply with disclosure laws, analytics systems will remain vital for tracking environmental initiatives.
Finally, impending E.U. regulations on ethical A.I. will compel organizations to ensure their technologies are transparent, accountable and non-discriminatory. By the end of next year, binding rules may be enacted across member states.
“Despite today’s uncertainties, managers can make the right A.I. decisions in 2024 by following these technology trends,” Mr. Fallmann said, expressing optimism around navigation.
While adopting new systems entails risk, targeted investments could provide much-needed clarity during turbulent times. The right tools connect workers to knowledge, advise executive decisions and embed conscious values.