BA212 G3 Presentation 2024 Trends in IT (PDF)

Summary

This document presents an overview of various IT trends in the Philippines during the 2024 academic year. It discusses trends affecting industry, banking, education, and other sectors.The learning objectives focus on understanding how these trends impact daily life, analyze associated challenges, and research deeper into specific sectors. It also briefly touches on automation and Internet of Things (IoT).

Full Transcript

Home About Content Others it trends GROUP III - BA212 - Presentation 2024 Home About Content Others Learning Objectives At the end of this chapter, the students should be able to: 1. describe h...

Home About Content Others it trends GROUP III - BA212 - Presentation 2024 Home About Content Others Learning Objectives At the end of this chapter, the students should be able to: 1. describe how the given IT trends affect the Filipino's way of living;. 2. discuss the issues and challenges in IT that the different sectors face; and 3. research further on the influence of IT on a specific sector. Home About Content Others TRends Direction in which information technology is evolving, and can impact how businesses operate and how people interact with brands. It included the sectors of the following: Industry Banking Education Business Health Home About Content Others Made up of local and foreign companies providing products/services. Examples: Food Industry: Universal INDUSTRY Robina, Monde Nissin. Beverage Industry: San Miguel Brewery, Pepsi Philippines. Major Trends in Industry AUTOMATION Using software and machines to replace manual tasks. INTERNET OF THINGS (IoT) Connecting devices for smarter operations. WHAT IS INTERNET OF THINGS? IoT (Internet of Things) enables wireless data transfer between connected devices. Includes sensors, electronics, and robotics. IOT BENEFITS ON INDUSTRY Increased productivity More accurate production results IoT Trends Faster speeds, low latency, and real- time data processing. Supports industries like smart cities and healthcare. Projected 4.6 billion global 5G 5G-Powered IoT subscriptions by 2028. Enabling Faster, Reliable Connectivity IoT Trends Reduces latency and saves bandwidth. Essential for tasks like industrial automation. Market expected to hit $15.7 billion Edge Computing by 2025. Faster Data Processing at the Source IoT Trends Real-time data analysis and predictive maintenance. Critical for healthcare and manufacturing. 41 billion IoT devices projected by AI-Driven IoT 2027. Applications Smarter Devices for Better Decisions IoT Trends Growing number of devices increases security needs. Employs strong encryption and secure communication. Focus on maintaining data integrity and confidentiality. IoT Security Mitigating Cyber Risks IoT Trends Enhances traffic control, safety, and resource management. Can reduce fatalities by 80% and robberies by 30%. Driven by rising urbanization and advanced technologies. Smart Cities IoT in Urban Development IoT Trends Used in industries like manufacturing and healthcare. Simulate scenarios to improve decision-making. Market expected to reach $259.32 billion by 2032. Digital Twins Virtual Replicas for Better Insights WHAT IS AUTOMATION? Automation replaces manual tasks with software and computers. Used in Accounting systems, Production systems,Security systems. AUTOMATION BENEFITS ON INDUSTRY Higher employee productivity Streamlined and efficient operations IT AUTOMATION TRENDS Hyper automation Automates as many processes as possible using AI, machine learning (ML), and RPA (Robotic Process Automation). Focus: Streamlining operations and improving efficiency. Real-world use: Automating repetitive tasks in finance, HR, and supply chains. IT AUTOMATION TRENDS Automation in Security Automates security for distributed environments. Protects systems, data, and users through integration of security tools. Example: Automated threat detection and response in cloud systems. Cloud Security Automation IT AUTOMATION TRENDS Virtual Technology Mitigates Risk AR/VR aids in project design, reducing planning errors. Engineers use AR to improve layouts, routing, and equipment placement. Benefits: Reduce rework, enhance communication, and improve efficiency IT AUTOMATION TRENDS Collaborative Robots (Cobots) Cobots assist humans with repetitive tasks while enhancing safety. SMEs benefit from affordable and scalable cobot solutions. Improves workforce efficiency without replacing employees. Home About Content Others BANKING Online banking refers to using the internet to perform financial transactions, such as deposits, money transfers, and bill payments, eliminating the need to visit physical bank branches. ADVANTAGES HIGHER RATES LOWER FEES ENVIRONMENTAL PREFERABLE ACCESSIBLITY SIMPLE AND QUICK TRANSACTION DISADVANTAGES NO ACTUAL BRANCHES TECH-RELATED SERVICES IDENTITY THEFT AND SECURITY DEPOSIT RESTRICTIONS FASTER IS NOT MORE CONVENIENT NO RELATIOSHIP WITH PERSONAL BANKER LIMITED SERVICE SCOPE POSSIBLITY OF OVERSPENDING SURVEY FINDINGS According to Marketech Apac survey as of January 4,2024 revealed that 90% of Filipinos now use digital banking or fintech apps, with GCash being the most popular (94%), followed by PayMaya (39%) and others. Only 21% avoid these services entirely. The report highlights the need for improved fintech fintech infrastructure and stronger consumer protection measures to address app performance issues, maintenance, and acoms. Experts emphasize the need to normalize digital financing across all demographics and processes for greater public confidence and efficiency transactions SURVEY INSIGHTS Adoption Rates: 90% of Filipinos use digital banking and fintech apps, with GCash (94%) being the top choice Challenges: Users face issues like app downtime, scams, and inconsistend performance. Opportunities Increased reliance on digital payments even in small businesses highlights the need for better infrastructure and security. Future Needs: Encouraging widespread use and enhancing public confidence in digital platforms is vital INNOVATIONS IN ONLINE BANKING 1. Al-Driven Personalization: Tailored financial advice and services 2. Biometric Security: Facial and fingerprint recognition 3. Seamless Transfers: Cross-platform integrations for faster fund movements 4 Open Banking Collaboration between banks and fintech for shared services. GOVERNMENT PAYMENT SOLUTIONS: E-Gov Platform: Security Bank provides an electronic platform for government agencies such as Pag-IBIG, SSS, and PhilHealth to streamline payments and improve processing times. Host-to-Host Automation: Their system automates payments, reducing errors and speeding up transactions for businesses and government services. Home About Content Others EDUCATION LMS (Learning Management System): is a system that allows institutions to deliver and manage educational content online, track students' progress, and facilitate e-learning. E-Learning: refers to educational programs delivered through electronic technologies, enabling students to access learning materials outside of traditional classroom settings. Online Class: also known as e- learning or virtual learning, are courses that are delivered entirely or partially through the internet. This means that students can access course materials, interact with instructors, and participate in activities online, without having to be physically present in a classroom. Key Trends Shaping the Future of Education Focus on Soft Skill: Beyond technical skills, employers are increasingly seeking candidates with strong soft skills, such as critical thinking, problem-solving, communication, and collaboration. enhanced adaptability and employability innovation Key Trends Shaping the Future of Education Artificial Intelligence (AI) in Education: AI is rapidly transforming the education sector, offering a wide range of applications that can benefit both students and educators. incresed accessibility personalized learning Key Trends Shaping the Future of Education Blended Learning and Hybrid Models: Blended learning combines traditional classroom instruction with online learning elements, offering flexibility and personalized learning opportunities. flexibilty active learning Key Trends Shaping the Future of Education Bite Sized Content: Complex topics are broken down into smaller, more digestible chunks to enhance comprehension and engagement inreased engagement adaptability to diverse learning styles Home About Content Others BUSINESS Term for any type of business, or commercial transaction that ivolves across the internet. E-COMMERCE The buying and selling of goods and services , transmitting funds over electronic network. ADVANTAGES Convience and Accessibility Cost and Operational Efficiency Enhanced Customer Experience Scalability and Growth Potential DISADVANTAGES Security and Privacy Concerns Lack of physical Interaction Logistics and Delivery Issues Market Saturation Technological Dependence Home About Content Others HEALTH E-health refers to the use of information and communication technology in health care. Used mobile devices to provide healthcare services and information. Examples: FITNESS TRACKER MEDICATION REMINDER MENTAL HEALTH APPS TELEMEDICINE APPS E-HEALTH DEFINES: Eysenbach (2001) E-health is an emerging field in the intersection of medical informatics, public health and business, referring to health services and information delivered or enhanced through the Internet and related technologies.. World Health Organization (WHO) The cost-effective and secure use of information and communications technologies in support of health and health-related fields, including health-care services, health surveillance, health literature, and health education, knowledge and research.. BENEFITS Increase access to care Better patient Engagement Improved Health Outcomes Home About Content Others THank you ! References: https://mapsted.com/blog/technology-trends-in-iot https://www.paloaltonetworks.com/cyberpedia/what-is-security-automation https://www.gartner.com/smarterwithgartner/gartner-top-strategic-technology-trends-for-2021 https://eadcorporate.com/top-6-industrial-automation-trends/ https://medium.com/@michi.ferreol/5-predictions-for-the-future-of-education-in-the-philippines-a659c2531818 https://www.tua.edu.ph/blogs/philippine-education-statistics-challenges-and-opportunities/?need_sec_link=1&sec_link_scene=i https://www.javatpoint.com/advantages-and-disadvantages-of-online-banking https://search.app?link=https%3A%2F%2Fmarketech-apac.com%2Faround-90-of-filipino-users-are-fully-embracing-digital-banking-fintech-apps- report%2F&utm_campaign=aga&utm_source=agsadl2%2Csh%2Fx%2Fgs%2Fm2%2F4

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