Technology was dominated by several prevalent trends in 2014
– from the Internet of Things (IoT) and big data to the cloud and cyber
security, it seems like there was barely a day without one of these trends
creeping up in the news.
Now we have entered 2015, these trends are still at the
forefront of discussion, with many exciting opportunities, innovations and
iterations being predicted for this year.
1. Internet
of Things investment will continue to increase
In 2014 there was a rapid increase in IoT solutions being
deployed to advance business intelligence. ABI Research reported a 20% increase
in IoT connected devices in 2014 from 2013. This year, Cisco predicts there
will be 25 billion connected devices, which will double to 50 billion by 2020.
Information Age suggests IoT will revolutionise business by allowing companies
to improve value propositions, engage with customers on levels previously
unavailable and build entirely new revenue streams.
>See also: 2015 technology trends – what are the security
implications?
So far, investment in IoT has mainly come from the IT and
telecoms industry, which will naturally benefit from the increase in data
generated and application capabilities for mobile devices. In 2015, spectators
predict investment in IoT will increase outside this industry. The retail
industry is one sector in particular that is looking to tap into sensor data
generated via wearable technology to provide highly targeted products and
services to their customers.
As businesses look to IoT technologies to provide more
insight, there is an ever-increasing demand for analysts capable of transforming
IoT data into actionable business intelligence. There is a shortage in data
scientists, for example, with positions increasing in the UK by a staggering
1005% over the last two years. This makes data science one of the fastest
growing and in-demand professions in the UK to date, and is predicted to
increase further going forward into 2015.
2. Big data
requires big investment in infrastructure and skills
Big data as a concept is ever evolving as the capacity to
mine structured, semi structured and unstructured data increases. In 2014,
organisations were making more informed business decisions and becoming more
intelligent as they interact with their customers. For example, more
sophisticated ‘recommendation engines’ anticipating users’ interests more
accurately for services such as Netflix, Amazon and Google. Further, credit
reference agencies have been using big data to inform on lending decisions by
developing the algorithms used to generate credit ratings. Retail, logistics
and budget planning have all seen significant advancement last year due to
greater business intelligence.
In 2015, spending on big data related software is expected
to increase to around £80 billion globally as reported by the IDC. IoT will
become the next critical focus for data and analytics services with IDC
predicting 30% CAGR over the next five years. The increasing influx of data
available to organisations will require the infrastructure being used to house,
process, analyse and visualise intelligence to expand. The IDC predicts that
rich media analytics will be the driver behind many big data projects,
expecting this area to at least triple in size.
The increased demand for greater sophistication in analysis
and data consumption will require organisations to refine talent acquisition
strategies to compete in the skills gap. A recent survey of 300 UK businesses,
conducted by SAP, showed that while 92% of organisations have seen their data
grow over the last 12 months, most were experiencing barriers when trying to
use the information. Further, 42% of organisations saw lack of time and
resource as the biggest challenge and 75% believed new data science skills are
needed within their organisation.
3. More
business operations will gravitate to the cloud
2014 was another big year for cloud computing. The IDG
Enterprise Cloud Computing Study found that 69% of firms participating had at
least something in the cloud, up 8% from 2013. The reason behind the movement
to cloud-based operations are numerous, from IT agility to IT innovation and
employee collaboration, cloud computing is becoming the hub for operational
infrastructure. Big data, generated through IoT, is an important driver for
organisations to move to the cloud.
This year, there will be greater adoption of cloud and
in-house/cloud hybrid hosted operations among businesses. The IDG study also
found that 61% of organisations will invest in emerging technologies to improve
their existing cloud solutions. Technologies such as software-defined
networking (SDN) and network functions virtualisation (NFV) are being looked
into to give greater agility to cloud investments.
4. Cyber
security industry must invest in skilled talent
2014 is now being dubbed ‘the year of the breach’ and it is
not difficult to see why. Last year sensitive data was being leaked at Google,
Apple and most recently at Sony, to name but a few leading tech giants.
Security weaknesses have been marked down to a number of key areas such as
misconfiguration issues, third party providers, lack of network diversity and
most worrying of all, lack of qualified security talent.
The cyber security skills gap is perhaps the underlying
issues behind the ‘the year of the breach’ having a knock-on effect on industry
and the economy. Cyber security skills are a global priority but, with a lack
of consistency in accepted career definitions, organisations are experiencing
difficulties in attracting new talent and progressing existing professionals.
To offset the skills deficit, talent from the ‘gaming’ industry are being
brought into the security sphere and their skills adapted for this arena.
Now in 2015, the information security industry has an
opportunity to re-define itself and build on the negative global coverage it
observed last year to attract new talent. Investment, employment branding and
clearly defined career paths are essential if organisations are to reduce the
deficit in the skills gap and avoid seeing their own brand in the papers due to
the latest leak.
The Internet Systems Security Association (ISSA) identified
the need for an internationally accepted framework that would define the cyber
security career for individuals in the profession. To attract new entrants and
so that pros can advance in their career, ISSA have developed the Cybersecurity
Career Lifecycle (CSCL). This pro-active approach to industry development could
go a long way to help fill the estimated 300,000 to 1,000,000, and rising,
currently vacant global cyber security positions.
See also:
The 2015 cyber security roadmap
As we look forward to the year ahead there are many
fantastic opportunities in IT to look forward to – from the existing trends of
2014 to the emerging technologies yet to be discussed. The IT industry is
growing at an exponential rate, with demand, investment and technological
capability the three pillars of support driving the sustainability in growth.
However, the barriers to the industry are clear and present
dangers. The shortage in skills and talent capable or realising the
expectations for these pressing technologies must be addressed on an
educational, cultural and organisational level.
Nurturing computing skills must be as core to the UK
syllabus as English, Math and Science to provide the next generation with the tools
that they will need in their future careers, no matter the profession.
Culturally, there appears to be a strong requirement to make
a career in IT more attractive to young women. A study by the Joint Council for
Qualifications found less than 8% of last year’s ‘A' Level computing students
were female and declining still. From a total of 4,171 students studying
Computing, only 314 were female. That's a 75% decrease over the last 10 years.
These figures are concerning to say the least with the skills gap in this
sector increasing.
Sourced from Mark Braund, CEO, InterQuest Group