What’s On the Horizon for PH 2018?

The Philippines has built a reputation in the Global IT services market as a center for IT-based services and continuously innovating efficiency of service, competitiveness, quality of work, and the size of the industry.

The PH software products and services industry aims for a bigger share of the global demand by 2022, “We’re looking at increasing our global market share from the current 12% to about 15%.”, according to PSIA President Jonathan De Luzuriaga during the previous software conference

What’s On the Horizon for PH 2018?

Now is a great time to determine what 2018 will bring.

Blockchain and Internet of Things (BIoT)

Combining Blockchain which one of the underlying technologies for the hot cryptocurrency bitcoin to the Internet of things (IoT) which involves adding smart sensors to connected devices so that users can do a thing. With Blockchain and IoT combined, getting data from sensors in a warehouse will be easy as accessing websites on our mobile devices. Companies and consumers can also be assured that with BIoT, their valuable data on the blockchain cannot be hacked.

A greener Outlook in 2018 for Fintech

While bitcoin and blockchain dominate the headlines in 2017, social and mobile payments changed the financial markets. Fintech may refer to any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment, and even crypto-currencies.

Trends toward mobile banking, big data and more accurate analytics and decentralization of access will create opportunities for all to interact in remarkable ways.

Augmented Reality Continues to Evolve

The Pokémon Go mobile game is not the first but no question that the incredible success is an absolute watershed moment for augmented reality. In-store experiences enhanced by virtual mirrors which allow you to pick and change wardrobe instantly that match your body type and display enough virtual inventory. Merchants can create AR experiences with their display so that demonstration videos can appear when you click a product on the shelf or celebrity spokespeople can magically appear to pitch the product. These will bring new opportunities for merchants to create engaging shopping experiences.

2018 is The Year of Bots

Bots are not limited to speaking to them when calling to make airline reservations, or to make bank transactions. Even in the human resource management, bots will be used for online applications and screening and other HR related functions to avoid human intervention for decisions. Businesses will likely spend more on creating chatbots in an effort to better serve their customers. Modern bots employ AI technology to process conversations (or text sessions), effectively replacing the human operators who typically stand behind these processes.

Augmented Intelligence is major for 2018

It’s an alternative conceptualization of artificial intelligence that focuses on its assistive role – assisting the human operator in evaluating what action should be taken next, emphasizing the fact that it is designed to enhance human intelligence rather than replace it.

The pace of disruptive innovations can be slowed by a bunch of issues, including infrastructure for a mobile device, cyber security, government regulation, and consumers’ ability to adapt and accept change.  In this era of endless innovation, there’s always room for improvement and the future to unfold unpredictably.


Sources:
https://www.ideyatech.com/philippine-software-industry-set-strong-growth/ | http://fortune.com/2017/12/26/4-technology-trends-2018/ | https://www.varchev.com/en/4-technology-trends-that-will-transform-our-world-in-2018/ | https://blog.qlik.com/what%E2%80%99s-on-the-horizon-for-2018 | https://www.inc.com/jason-albanese/6-tech-trends-to-keep-an-eye-on-in-2018.html