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From cloud computing and blockchain to machine learning and the metaverse, sifting through shiny new tech toys is a time-consuming business. How do you decide if an emerging technology is a must have for your organisation, and are there benefits to being an earlyadopter?

Migrating to the cloud took centre stage in the pandemic. For Sue Daley, director for technology and innovation at the trade association techUK, the potential benefits in scalability and agility make it the undisputed building block of any tech transformation.

Cloud computing is the digital foundation which allows all other techs to converge and, in our view, moving your valuable assets over to the internet should be your number one priority going forward, whatever the size and nature of your business, Daleysays.

When it comes to investigating the plethora of new digital innovations to use in the cloud, its important you dont allow clever new gizmos to become a distraction.

However appealing the product or service, make sure you know how it will achieve your objectives and fit in with your existing tech infrastructure, because otherwise you may be wasting your money, Daleyadds.

Better use of data and data analytics software is a crucial issue across all industries. It could be well worth investigating edge computing: the ability to capture, store, process and analyse data locally or at the edge of the network, rather than at a remote datacentre.

Its highly likely that 5G, biometrics, machine learning and all the other digital tech being created and refined today will eventually be highly relevant for businesses. In the short term, however, investing in a system such as the internet of things (IoT) the term used for physical devices which connect via the web may not offer any specific commercial advantages, unless it can be combined with something a business already uses, such as 3Dprinting.

The much-hyped metaverse which enables businesses to offer new services or digital equivalents of their physical products offers a tantalising glimpse of our tech future. For now, however, many businesses are hampered by issues as fundamental as poor mobile connectivity.

For these organisations, getting the basics right is far more important than investing in advanced fingerprint mapping or augmented reality, says Martin McTague, national chairperson of the Federation of Small Businesses.

One in three small businesses receive download speeds of less than 10 megabits per second and close to half are affected by poor mobile connectivity, he says. With the cost of doing business soaring, small businesses should look closely at where new tech can add meaningful value, rather than trying to stay ahead of the curve for the sake of it. Theres no use trying to run before you canwalk.

When it comes to innovations like blockchain, a digital ledger system initially used for cryptocurrency transactions, businesses should look closely at the costs and benefits and be certain that any investment will add value in the shortterm.

Security must always be a top concern, with the majority of SMEs now viewing ransomware and cyber attacks as an ever-present threat.

When widening their use of tech, its vital that small firms ensure that staff can work safely from home without the threat of network breaches and ensure their customers can receive goods and services remotely without being compromised, saysMcTague.

With adequate preparation and repeated testing, organisations which opt to trial an emerging new tech at an early stage in the lifecycle can gain a competitive advantage as and when the techmatures.

However, before embarking on a trial it is important to appraise the businesss current skills level and processes. Where possible, organisations should identify an individual or team with the knowledge to guide itthrough.

Ensuring that the tech will be welcomed by your staff and not resented is another vital part of the preparation stage.

Being an early adopter can give you knowledge and understanding and if you are satisfied that you have the resources to successfully steer it through a trial, its probably worth going ahead, says Daley. In order to give the tech a fair chance though, you need to have your data in an appropriate format and a digital framework which can support the newcomer tech and demonstrate its ability to increase efficiency and improve the lives of yourstaff.

As world-class innovators such as Tesla founder Elon Musk have amply demonstrated, an early presence in a market attracts the loyalty of customers and employees and garners great publicity. However, the risks of being an early adopter are equally clear. As tech becomes more complex, the dangers of reputational damage caused by gremlins in the machine becomes more likely. The PR enjoyed by a pioneer may quickly turn sour if early users have a negative experience.

With more users, data, and connections the risk of cyber attacks increases. And as technologies develop, early mover advantage can quickly become a disadvantage when later movers produce new, improved versions of the original product, says Stephan Hartgers,vice president of digital strategy at the tech consultancy Mobiquity Europe.

Businesses that come late to a technology can also reap the benefits of lower prices once the early glitches have been ironed out, usually at great cost to the earlybirds.

An organisations overall risk appetite and digital maturity should help dictate whether being an early adopter is a smart move. However, punitive barriers to late adoption and internal resistance to change are equally important.

For Hartgers, transforming a negative, technophobe culture into a more positive and pioneering one may be the most vital step of all in effecting a digital transformation.

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How to cut through the technology hype - Raconteur

IBM z16: Heres why the cloud wont replace the mainframe. Source: IBM

In todays time of Big Data and cloud, the mainframe may not be as trendy, but it has continued to serve as the central nervous system of major industries like finance and healthcare. In fact, industry reports indicate that much of the worlds largest corporations actually use this technology. Thus, with an existing strong demand still, the leader in the mainframe space, IBM, launched its latestz16which is also the industrys first integrated on-chip AI accelerator, indicating that the technology is from being obsolete.

Mainframes entered the market in the early 1950s when IBM and the BUNCH (Burroughs, Unisys, NCR, Control Data, Honeywell, GE, and RCA) created the computing age and together competed for critical applications, sophisticated modeling, and large-scale transactions as well as workloads among the largest of organizations. Fast forward 71 years later, mainframe still plays a central role in the daily operations of most of the worlds largest corporations.

Although other forms of computing are used extensively in business in various capacities, the mainframe occupies a coveted place in todays online business environment. According to IBM, its modern mainframe today is even central to hybrid cloud environments and is used by two thirds of the Fortune 100, 45 of the worlds top 50 banks, eight of the top 10 insurers, seven of the top 10 global retailers and eight out of the top 10 telcos.

In short, quoting and IBMs study by Celent Operationalizing Fraud Prevention on IBM Z, IBM zSystems run 70% of global transactions, on a value basis.

Looking back, the first modern mainframe was the IBM Z, launched as S/360 in April 1964. At that point, it could perform 229,000 calculations per second; an innovation that helped put man on the moon. From there the mainframe became mainstream among enterprises as businesses started using the platform to run critical applications and complete transactions.

IBM did not stop and had continued to innovate on the z mainframe platform bolstered by the rise of hybrid-cloud models and many mission-critical enterprise applications that must stay on the mainframe. Today, the latest z16 by IBM comes with its integrated on-chip Telum AI accelerator. The accelerator can scale up to 300 billion inference requests per day at one-millisecond latency for each inference request, enabling state-of-the-art AI in workloads that were not possible before.

Additionally, according to IBM, the IBM z16 with z/OS has a 20x response time with 19x higher throughput when inferencing compared to a comparable x86 cloud server with 60ms average network latency. In short, IBMs latest mainframe still makes it perfect for mission-critical workloads such as healthcare and financial transactions.

For the first time, banks can analyze fraud during transactions on a massive scale: IBM z16 can process 300 billion inference requests per day with just one millisecond of latency, IBM said in a statement. For consumers, that could mean reducing the time and energy required to handle fraudulent transactions on their credit card. For both merchants and card issuers, it means a reduction in revenue loss.

However, theres more to the z16. Building on IBMs history of security leadership, IBM z16 also is specifically designed to help protect against near-future threats that might be used to crack todays encryption technologies. Building on IBM technologies like Pervasive Encryption and Confidential Computing, IBM z16 takes cyber resiliency a leap further by protecting data against future threats that could evolve with advances in quantum computing, IBM added.

What has always made the mainframe truly invaluable is its superior computing abilities. It offers better control when running workloads and it can manage workloads over a set of distributed systems far better than mid-range systems. And when it comes to scaling and managing vector processing nothing beats the mainframe.

Considering how 96 of the worlds top 100 banks and nine out of ten of the worlds biggest insurance companies still depend on mainframes, it shows that the technology is predictable, reliable and scalable. The IBM Z business isnt going anywhere, said IBM Vice President for Worldwide Sales of IBM Z and LinuxONE Jose Castano in a press briefing recently.

Even Covid-19 has unearthed a renewed focus on IBM Z, to help keep the worlds financial trading, retail transactions, insurance claims processing, healthcare IT, and more afloat, he added. In a separate blog posting by IBM, the company noted that hybrid cloud approach that includes and integrates mainframe computing can drive up to five times the value of a public cloud platform alone.

The main sources of value are in five categories: increased business acceleration, developer productivity, infrastructure efficiency, risk and compliance management, and long-term flexibility. Blending mainframe power, reliability and security into the cloud landscape is essential to achieve the enterprise-wide agility and capability required to keep pace with ever-changing business needs.

IBM even announced the IBM Z Cloud and Modernization stack in January this year which brings industry-standard tooling for development, automation, and provisioning by leveraging the Red Hat OpenShift container platform. It connects IBM z assets to the hybrid cloud and reduces the time to provision and manage systems across the enterprise.

The company has even seen a significant sales growth over the past two years especially in Asia Pacific with 20 new customers adopting the Z mainframes, IBM Asia Pacific director Francis Goh told the press in a briefing held in Kuala Lumpur recently. 4Q 2021 was IBMs best quarter in Asia Pacific since 2016, he said, adding that this was the reflection of the overall momentum for IBM and its mainframe business.

Dashveenjit Kaur| @DashveenjitK

Dashveen writes for Tech Wire Asia and TechHQ, providing research-based commentary on the exciting world of technology in business. Previously, she reported on the ground of Malaysia's fast-paced political arena and stock market.

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IBM z16: Here's why the cloud won't replace the mainframe - Tech Wire Asia

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Global Cloud Computing Solution in Healthcare Market Is Expected to Witness with Strong Growth rate in the Forecast Period (2022 to 2028) Amazon Web...