The future is always an interesting read. When the upcoming trends are accelerated with technological advancements, mere concepts of the digital revolution seem to shape into reality soon. Growing technological innovations have a huge impact on businesses. Every business is trying to integrate the new trending technologies to benefit the most out of them.
Almost every common job is being replaced with automated systems and robots. Giants like Google, Facebook, Apple, etc. are leveraging Big Data, Artificial intelligence, and Machine learning to enhance the user experience. If you have been a follower of tech news then you must have been aware of the unyielding pace of technology, which has a great influence on customer’s expectations.
Without any doubt, technology has revolutionized the mechanism of business and customer interaction. These advancements are steering across all the industries whether it is health, banking, or e-commerce. Most of the trends seem to be ephemeral, but the trends we are going to discuss later in this article are here to stay. So, without further ado, let us get started.
Augmented reality is the buzzword of the technology world currently. Unlike VR it does not take you into an artificial environment and give the real experience of it rather, it integrates the digital information with the user’s real time-environment and projects the information around it. Augmented is a mixture of virtual reality. However, AR works with sensors, cameras, computer components, and display devices. It is typically in the form of digital imagery, sound, videos, and 3D models.
Healthcare makes an extensive use of Augmented Reality. It has opened up a great many opportunities in the healthcare industry. It is helping the doctors and surgeons in diagnosis, treatments, and surgical procedures. AR provides them with the patient’s real-time data and ensures fast and precise information provision. It allows physicians and medical students to closely monitor and visualize the scenarios in which they will be treated in the future.
2. Machine Learning
Machine learning is the study of algorithms that utilize the statistical models and hardware to perform a specific task that is not driven by instructions rather is driven by previous patterns and interactions. Machine learning is a subset of artificial intelligence. The algorithms build a model of mathematical and statistical data, which is commonly known as training data. This training data is being utilized to make future predictions and make decisions upon the forecast. Almost every major business is utilizing its potential and it continues to grow in the future major breakthroughs in ML last year speak volumes for it and it continues to grow in 2020. Experts predict that the machine learning market will grow up to $8 Billion by 2021.
Cryptocurrency has been a hot word since its inception. The industry has attracted media attention and gained itself big investors by intriguing them and gaining their faith in the industry’s potential. Bitcoin at its peak sported the value of $2 billion. However, a big dip after that made the future of cryptocurrency quite uncertain. Nevertheless, economic analysts have predicted a great boom in the crypto industry. Moreover, they have forwarded the possibility of crypto being floated on the NASDAQ. It will surely add to the credibility of the Blockchain technology and is expected to be a verified and suitable Exchange Trade Fund, ETF, will encourage people to invest more in crypto.
Automation is under large-scale development with technologies like big data, Artificial intelligence, Cloud computing, and robotics. All the thriving industries from banking to healthcare, manufacturing to software enterprises to ERP service providers, all of them are implementing automated systems to boost productivity, ensure safety, increase profitability, and improve quality.
5. Internet of things
The Internet of things generally known as IoT is the most known technology for the past few years. Widely integrated Google Home and Amazon’s Alexa into most of the houses across different continents has laid the foundation of the booming era of IoT. The numbers of these voice assistants are constantly surging. IoT is considered to develop the ecosystem of physical objects like appliances, electronics, equipment, vehicles, and other devices that are now enabled data transfer without human interaction. It is worth mentioning the fact that these virtual assistants require a stable internet connection to function properly. So, if you want to use these amazing technologies to their full potential, then subscribe to Spectrum internet right away and take advantage of its unlimited data allowance along with several other features.
According to the technology intelligence report, the experts have mentioned that in the coming years $6 trillion will be invested in the IoT industry. The report has also mentioned that the IoT industry already achieved a milestone of $8.7 billion in 2017. It is predicted that it will rise to $20 billion by 2021.
The potential and future benefits of the aforementioned technologies are endless. Experts believe that these technologies will affect almost every aspect of our lives, all the while creating new opportunities for growth and development.