Looking Glass: Navigating the Rapidly Evolving Tech Landscape

Introduction

Strand' "Looking Glass" report presents a comprehensive analysis of over 100 technology trends through five distinct lenses. It aims to assist organizations in making informed decisions amidst the fast-paced technological changes.

Key Highlights

AI Everywhere

• Generative AI's Broad Impact: AI is democratizing, leading to experimentation and investment in areas beyond just Generative AI (GenAI). This includes software development, accelerating product market launches.
• The Right Use of AI: While AI is influential, its transformational impact varies. Heavyweight commercial large language models (LLMs) may be too costly for widespread use. A solid data strategy is essential for effective AI utilization.

Trends to Watch

• The report lists a range of emerging and future trends, covering various aspects of technology integration in business operations.

Strategic Recommendations

• Recommendations include adopting various AI and data-centric strategies, such as AI-assisted software development, ethical frameworks, and GenAI tools.

Realizing Value from Data and AI Platforms

• The Necessity of Quality Data: Reliable, up-to-date data is vital for leveraging AI in business operations and decision-making. Turning data stores into strategic assets requires a focus on accessibility, trustworthiness, and interoperability.
• Opportunities from Data Platforms: These platforms enable initiatives such as improving compliance, reducing redundancy, gaining competitive advantages, and developing new value sources.

Evolving Interactions

• Enhanced Human-Computer Interaction: Methods for interaction are becoming more immersive, offering opportunities to engage with customers, employees, and stakeholders in new ways. Technologies like XR and voice-to-text systems are at the forefront of this evolution.

Accelerating Physical-Digital Convergence

• Automation's Expanding Reach: The convergence of the physical and digital worlds is exemplified by advanced automation in various industries. This includes applications in agriculture and aerospace, enhancing processes and contributing to sustainability goals.

Conclusion

The "Looking Glass" report emphasizes the need for organizations to adapt and be resilient, leveraging technological changes for innovation and growth.