Cloud computing and digital transformations have come to be expected by customers from an enterprise in today’s digital age. According to Accenture, standing out from the competition will mean taking advantage of and mastering DARQ technologies, which stands for:
- Distributed ledger technology (D)
- Artificial intelligence (A)
- Extended reality (R)
- Quantum computing (Q)
As per Accenture’s 2019 Technology Vision survey, 89% of businesses are making use of at least 1 of these smart solutions for companies from DARQ. The use of these technologies can help to personalize experiences while offering many other benefits.
Distributed Ledger Technology (DLT)
DLT makes it possible for customers and companies to control data and carry on business transactions with information in an implicit trust chain. Authentication and data verification is made possible, which is increasingly required in the connected world of a smart city with smart energy and other smart services. Blockchain and cryptocurrency technologies have DLT as their backbone. It can help in network expansion by getting rid of the need for 3rd parties and promotes the security of transactions and collaborations on a large scale. DLT can be applied by enterprises for self-executing tasks in the case of financial investments, travel insurance, logistics, healthcare, recruitment, or rental properties.
Artificial Intelligence (AI)
The data center of businesses store huge amounts of data, and flash storage offers several benefits, but AI is crucial to making sense of big data. Insights can be generated quicker so that decisions may be taken accordingly. The use of AI helps in task automation and significantly reduces the number of errors committed. It can improve the efficiency of operations regardless of the sector in which it is employed and promote better use of ICT.
Extended Reality (XR)
XR allows for immersive, hands-free, and on-demand experiences to be created which gives individuals a variety of ways that they can engage with the world around them. It can add value to customer experiences and can even facilitate better training of employees in different fields. New equipment doesn’t have to rely on any longer for training as individuals can utilize XR technology for education and training. They can also collaborate from different locations which wouldn’t have been possible to the same extent before. Whether it’s design, engineering, architecture, or any other sector, the application of XR technology can improve the network & infrastructure of the business.
Quantum Computing (QC)
Some of the hardest computational problems are likely to be solved with the use of quantum computing. The fact that this technology can be accessed through the cloud increases its accessibility. Quantum computing will find application in materials science, cybersecurity, logistics, finance, encryption, supply chain, smart energy, and manufacturing, to name a few.