UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.
Recent Posts
A brief introduction to Emerging Technologies
The erosion of conventional wisdom
WARNING: 2 Significant Cyber Threats
On the edge or in the clouds
Biology + Math = BioInformatics
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| Edge computing refers to devices that collect, generate, process or otherwise handle data and function not on what is commonly referred to as a computer network but in a hybrid setting. This vast array (and growing) number of devices in operations produce a substantial amount of data that is sent back to a common processing center and is further processed with the outcome put to use. This is what is expected to drive the Edge computing market to $7 billion by 2025. That is a 7-time increase from 2019. Once again, another technological initiative with new components that has begun to fall on the plates of program and project managers. It is also driving demand for data scientists, that is another profession in short supply.
Now for cloud computing. It is a technological architecture supporting a wide variety of information processing and usage functions and features. Cloud computing are hosted technology solutions of a contractor(s) for operations of their customers. It is expected to grow from a reported $370+ billion market in 2020 to a figure topping $830 billion USD in 2025. Once again, another technological initiative with double-digit growth rate. Like edge, cloud is coming across the desks of program and project managers more frequently these days. Some executives are thankful for removing the burden of thinking, planning and executing the technology infrastructure necessary for their success from their brains. It allows them to easily scale (+ and -) upon demand and that is a great benefit in today’s rapidly changing environment. Extending some of the underlying benefits of cloud computing is the fact (+ and -) that you have someone else responsible for privacy and regulatory compliance. That is another brain burden removed from the minds of executives.
The challenges of digital business transformation, privacy and compliance have fueled the growth of both edge and cloud solutions. This is particularly true for small and medium sized organizations. Many believe this trend will continue for the foreseeable future. With all that is changing, who could blame any business leader looking to off-load their IT infrastructure to a highly qualified 3rd party. This allows them to concentrate on the business side of the growth equation. So, combined edge and cloud technology initiatives, will grow and increase expectations and demands being placed on program and project managers for at least the next few years!
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Posted on: February 01, 2021 01:15 PM
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