/////////////////////////////////////
FINAL WORD
How business
leaders should
be getting
to grips with
technology
Vendors need to rethink their regulation
strategies in order to manage in the
digital world. Frank Palermo, EVP,
Virtusa, advises business leaders on how
they should be getting to grips with the
latest technologies such as 5G, to evolve
with the modernising tech landscape.
A
s is tradition, January treated us to a host of bold
predictions about how our lives and businesses will be
transformed by technology this year. It’s hard to move for
people prognosticating about Blockchain, Artificial Intelligence
or Virtual Reality. But all these predictions beg the question: have
we reached a saturation point? Are we actually in control of the
technology we create?
Technologists might insist that anyone who isn’t on board is a
Luddite but there is a growing feeling that technology simply isn’t
working for people in the way that was promised. Recent research
found that 32% of people believe technology will cause more harm
than good over the next decade. Nor are these concerns unfounded
when we consider some of the impacts of technology such as digital
addiction, digital duress and the erosion of human interaction. So,
rather than focusing on the shiny new technology that’s right around
the corner, here are just three aspects of technology we need to get
a grip on urgently.
1. The true cost of 5G
5G, the fifth generation of mobile technology, has been heralded
as the enabler of a tech revolution as it will allow for lightning
fast data transfers between billions of devices around the world.
84
INTELLIGENTCIO
www.intelligentcio.com