Snow is forecast across the UK, meaning the weeks leading up to Christmas could be extra-cold. As the snow settles on 2017 and we all begin planning next year’s projects, the below stories could well be useful.
This week we bring you information on the importance of the Chief Data Officer in 2017, smart cities and some predictions for 2018 and beyond.
The rising importance of the Chief Data Officer
The position of Chief Data Officer (CDO) is to become more crucial to business, according to new Gartner research.
Conducted between July and September this year, a Gartner survey examined the role of the CDO within businesses. It found that there had been an increase in professionals holding the title of CDO in 2017 (57%) in comparison to 2016 (50%). Similarly, businesses are increasing their budgets. For example, in 2017 the office budget was $8m among the Chief Data Officers who took part in the research - a 23% increase on the 2016 reported average of $6.5m.
Valerie Logan, research director at Gartner, said: “We are seeing the data officer is growing. There are 3,000 to 4,000 CDOs in the market globally. It is a role that will persist.” Interesting findings from Gartner - we could be seeing many more CDO’s in top positions in the coming years.
Examining the research, it appears that this is due to both a broader understanding of the role combined with the role becoming more diverse. Businesses now look at CDOs as not just data-focussed cogs in their company, but also having a role to play in analytics, ethics and digital transformation, elements key to their future.
Smart cities could save $5 trillion
Governments, enterprises and the general public could save over $5 trillion annually by 2022 thanks to smart city technologies.
A recent white paper from ABI research has examined the opportunity of saving and efficiency in smart city deployments, smart technologies and the Internet of Things.
Findings concluded that smart cities could save considerable amounts of money.
The new report discusses the importance of smart technology as urbanisation continues to rise. A holistic approach is needed from enterprises and governments alike to fully utilise the higher concentration of people in cities.
Savings could be made in a number of different areas. For example, the report details how smart street lights could cut maintenance and repair costs by 30% and how there’s a $14 billion cost-saving opportunity for companies who make the shift to more energy saving transportation, such as drones and driverless trucks.
For the general public, smart meters and micro grids have the potential to cut down costs significantly.
Read more about how smart cities could look in just a few years’ time and how costs could be saved here.
Technology trends for 2018 and beyond
Finally, earlier this week Forbes shared predictions for 2018 and beyond that could change the world of tech. These included topics such as: the increasing datafication of our lives, IoT, AI, 3D printing, automation and blockchain technology.
Here are three key take-outs from Forbes’ predictions:
We’re changing the way we interact with technology
In the past few years we’ve seen a shift in the way we interact with our technology. For example, mobile web usage has increased to the point in which it has overtaken traditional computer usage and Google searches via phone are now higher than desktop.
Estimates suggest that by 2020, 50% of all searches will be by voice and around 30% will involve no screen whatsoever.
Automation keeps picking up speed
Forbes predict that automation – jobs done by algorithms and robots – will only increase in the near future. A wide range of industries will see the impact of automation but currently the jobs assigned to automated systems instead of human workers fall into the four D’s: dull, dirty, dangerous or dear.
Computing power will become mesmerising
Exponential advances in computing mean that everything from IoT to big data is possible and currently computing power is doubling at a rate of every two and a half years. As traditional computing comes to its natural plateau, quantum computing is on the horizon.
Tipped to be the biggest transformation of computing power ever, quantum computers will be able to solve problems we can’t even comprehend yet. The race is on for tech giants to produce the first commercially viable machine.
Those were some of this week’s biggest stories in I.T. and tech but if you want more content, follow us across our four social media channels.