shutterstock 183206762 scaled 1 - Technology Trends

Avasant acquires Computer
Economics for IT Metrics and Analytics

Leverage the definitive source of IT spending ratios
and staffing metrics for over 25 industry and government sectors.

READ MORE
beyond video banner min - Technology Trends

Avasant Research
and Data

Leverage the power of our products and solutions -
AvaMark™, RadarView™, AvaSense™ and Global Equations™

LEARN MORE
building scaled 1 - Technology Trends

Avasant
Distinguished
Analysts and Fellows

Get actionable insights from practitioners.

GET IN TOUCH

Worldwide Technology Trends 2021–Adoption/Investment Statistics and Economic Experiences for 15 Popular and 18 Future and Early Adopter Technologies

New technologies come in and out of fashion as vendors push the next big application, solution, capability, or strategy. Only with time can IT executives know for certain which will have staying power and which will fall short of the initial hype.

The study examines adoption trends, current investment activity, and customer experience of 15 selected technologies, including eight that fall broadly into the category of business systems and seven that we categorize as infrastructure technologies.

Our current survey covers the following enterprise systems: ERP, CRM, e-commerce, supply chain management, human capital management, business and data analytics, artificial intelligence, and virtual and augmented reality.

We also analyze the following infrastructure technologies: infrastructure as a service (IaaS), SD-WAN, mobile applications, the Internet of Things, RFID, robotic process automation (RPA), and security technology.

Finally, we look at 18 early adopter and future technologies to determine mindshare and early momentum in adoption.

Download or Purchase Now

Clients: Download Technology Trends 2021

Not a client? Buy Technology Trends 2021

Want to see more, first? Download the introduction and sample pages of this report, free.

TechTrends2021cover - Technology Trends

Report Description

This study examines adoption trends and economic characteristics of the selected technologies listed in the table of contents at the bottom of this page.

First, the data gathered for each initiative is summarized at the beginning of the study in three ways:

    • The Technology Maturity Analysis, which compares the technologies against each other in terms of their adoption rates and current investment rates.
    • The Economic Experience Analysis, which compares the technologies against each other in terms of their economic characteristics: specifically, the ROI success rate (defined as ROI positive or breakeven within two years) and the TCO success rate (defined as TCO the same or less than budgetary expectations).
    • The Customer Satisfaction Ratings, which compares the technologies against each other in terms of overall customer satisfaction.

Next, the following charts are presented for each of the technologies covered:

    • Adoption and Customer Experience Profile: This subsection establishes the context for understanding the metrics. The profile chart shows how each technology initiative compares with other initiatives in the study in adoption rate, investment rate, ROI success rate, TCO success rate, and customer satisfaction rating.
    • Adoption and Investment Trends: The first chart in this subsection shows the percentage of organizations at each of five adoption stages: (1) No activity, (2) considering, (3) implementing, (4) in place, with no further investment planned, and (5) in place, and increasing investment. The second chart shows adoption and investment rates by organization size (small, midsize, and large).
    • Customer Experience with ROI and TCO: Here we show the percentage of adopters that have an ROI that is positive, breakeven, or negative over a two-year period, as well as the percentage of adopters who find TCO is greater than, the same as, or less than the amount budgeted.
    • Satisfaction with Customer Experience: This figure shows the percentage of adopters satisfied or dissatisfied with the technology, on a five point scale.
    • Types of Solutions under Consideration: Most technologies have a variety of subcategories. This section analyzes the specific sub-categories in which respondents are planning or considering new investments. See the Table of Contents below for details.

Table of Contents

A. Overview

    • Technology Maturity Analysis
    • Economics Experience Analysis
    • Customer Satisfaction Ratings

B. Enterprise Systems Technologies

1. Enterprise Resource Planning (ERP)

ERP functionality surveyed includes accounting/finance, purchasing, customer orders/fulfillment, customer service/support, human resources, operations management, resource planning, inventory/warehouse management, and facilities/equipment maintenance.

2. Customer Relationship Management (CRM)

CRM functionality surveyed includes sales force automation, marketing, customer service, customer self-service, customer analytics, e-commerce, social media monitoring/engagement, partner management, contact/call center, and estimating/quotation/configuration.

3. E-Commerce

E-commerce functionality surveyed includes web storefront, digital fulfillment, PunchOut, customer portal, supplier portal, back-end integration, marketplace integration, data synchronization, web APIs, and electronic data interchange.

4. Supply Chain Management (SCM)

Types of SCM solutions surveyed include demand forecasting/demand management, sales and operations planning, advanced planning/inventory optimization, warehouse management, transportation management, automated data collection, supplier relationship management, supply chain visibility, fleet management, and network optimization.

5. Human Capital Management (HCM)

Types of HCM solutions surveyed include organizational reporting structure, payroll, benefits administration, compliance, workforce management, workforce planning, recruiting/applicant tracking, learning management, career development/succession planning, and workforce analytics.

6. Business and Data Analytics

Types of business and data analytics capabilities surveyed include data warehouse/data marts, ad-hoc queries, predictive analytics, ETL, dashboards, big data storage, unstructured data analytics, in-memory analytics, and machine learning.

7. Artificial Intelligence 

Artificial intelligence (AI) functionality surveyed includes rule-based reasoning, machine learning, speech recognition, natural language processing, and facial/object recognition.

8. Virtual and Augmented Reality

Virtual reality (VR) is a computer-generated simulation usually using a headset designed to immerse the user into the simulation. Augmented reality is similar to VR, except instead of closing off the user entirely in the simulation, the device overlays the simulation onto the real world.

C. IT Infrastructure Technologies

1. Infrastructure as a Service (IaaS)

IaaS capabilities surveyed include virtual servers, bare metal, containers, multiple availability zones, and platform as a service. Uses of IaaS surveyed include system development/testing, production systems, disaster recovery, spikes in demand, big data, and archiving of inactive data.

2. SD-WAN

SD-WAN is the use of software-defined networking technology to establish and operate a wide-area network by virtualizing network resources. SD-WAN has evolved from a technology designed to reduce costs and enhance operational efficiency to being a crucial element in business sustainability.

3. Mobile Applications

Mobile applications surveyed include time/attendance, expense reporting, sales/CRM, inventory/order management, purchasing, service, workflow/approvals, geolocation, and customer-facing apps.

4. Internet of Things (IoT)

Internet of things functionality surveyed includes manufacturing/warehouse, asset management, smart products, environmental monitoring, energy management, service/field service, transportation/logistics, aerospace/defense, healthcare, and agriculture.

5. RFID

With radio frequency identification (RFID), small transponders are used for automatic identification and data capture in a variety of applications. RFID tags have been placed into everyday objects such as passports, library books, clothes, and payment cards.

6. Robotic Process Automation (RPA)

Robotic process automation functionality surveyed includes accounting/finance, operations, IT support, human resources, customer service, procurement, and sales.

7. IT Security Technologies

IT security technologies surveyed include incident detection, firewalls, identity and access management, anti-malware, mobile device management, spam filtering, vulnerability scanners, and virtual private network (VPN).

D. Early Adopter and Future Technologies

This year, for the fourth time, we decided to look not just at technologies in major use today but also ask our respondents about technologies that are a little more on the horizon or in the early adopter stage. We wanted to find out which of these newer technologies are really catching the eye of decision-makers and which are either too far out in terms of practical application or are simply in the news because of vendor or media hype.

We listed 18 technologies, 5G, drones, autonomous vehicles, 3-D printing, facial recognition, digital currencies, digital assistants, blockchain, quantum computing, no-code/low-code, volumetric displays/holograms, microchip implants, self-healing systems, exoskeletons, digital twins, brain-computer interface, electronic textiles, and electronic tattoos.

Contact Us

Akshay Updated Headshot 234x300 44929ca15f6d4af4b8c0bd66b229a827 180x180 - Technology Trends

Akshay Khanna

Partner, Avasant
frank scavo 180x180 - Technology Trends

Frank Scavo

Partner and President, Avasant Research