The Business Inside: Top-10 Emerging Technological Trends of 2020

In the last two decades, our world witnessed various technological improvements that transformed our lives for the better, or worse. As a human, we are still evolving and it seems our knowledge is going to take us to the undiscovered secrets of our world and universe in the coming years. Many new technologies were introduced and the researchers are still working to make them much better. COVID-19 pandemic might have delayed various plans, but it’s not going to stop us, humans, from making rapid technological advancements.

Technology-Advancements

So today, we will be looking into the top-10 technological trends of 2020 that are ready and willing to innovate.

1. Artificial Intelligence

At No.1 spot is AI or Artificial Intelligence. AI is going to have a huge impact as it is embedded in almost every hardware and software system for process automation to make smarter systems. The programmed algorithms will open new ways to automatically parse and apply knowledge by gathering the data from AI-enabled devices. From sales to security applications of every business type, AI is and will be the largest force in high-tech applications. AI infrastructure from IBM is a perfect example to consider. And now, researchers are working on Artificial Emotional Intelligence to give machine human-like thinking capacity.

2. 5th Generation of internet

As our world is going through a pandemic stage, it might take some time for the 5G’s effect to be seen. But when it will, the impact will be of next-level. With high-speed internet and decreased latency, it will lay the foundation for other technologies to reach their potential. The improvements that 5G will bring are – high device density, low latency, network slicing, and intelligent power consumption. It will take us much closer to the future of connected cars, augmented reality, and smart cities. 5G will provide a breakthrough and opportunities for various channels.

3. Iot (Internet of Things)

Since 1999, IoT has come a long way. A smart home where everything is interconnected through the internet is no longer a future. Internet of Things brings information from the inter-connected devices to build the analytics of systems. IoT platforms, datasets, and devices provide efficiencies, insights, and analytics to build new business opportunities. Till 2023, there will be 3.6 networked devices per capita, which means there will be more IoT devices as compared to the number of internet users. And now, researchers are working on the  IoT marketplace, where businesses can sell and purchase the datasets to make their services better.

4. Blockchain

Most of the people view blockchain as the cryptocurrency like Bitcoin, Etherum, etc.. It is only a half-truth. Blockchain will impact the number of industries with its decentralization, scalability, and improved security features. Right now, it is solving the growing need for managing and securing transactions across the internet. You can consider it as a great alternative to centrally managed record keeping. It will help in building trust in transactions, manage data, and supply chain challenges via attributes that are not available in standard database models.

5. NLP (natural Language Processing)

NLP or Natural Language Processing is an AI field used in computers to analyze and understand human language. Right now, AI researchers are using NLP for the Artificial Emotional Intelligence project. Its speech-to-text feature converts human language into a programming language, while text-to-speech converts computer operation into an audible response. Integrated Chatbot, Company Monitoring, Business Intelligence, and Human-to-machine Interaction are some of the NLP trends that are going to dominate in the future.

6. Biometrics

Almost every organization in the world is using Biometrics in some ways. It plays a crucial role in improving premises or data security by allowing devices and people to authenticate before they can perform a particular task. As things are progressing right now, almost every household will have a vehicle that starts with a biometric scan of the owner in the future. So, improving biometric security features will be very important in the future.

7. Quantum Computing

Quantum computing and big data have a very long history. And it seems these both technologies will play a big role in data-handling in the future. Quantum computing works as an engine to drive our ability to process and analyze big data. It is the key that will speed up the power of AI and machine learning process.

8. AR & VR

Augmented Reality & Virtual Reality are the mixed reality technologies that transform our ways to engage with data, machines, and each other. Enterprises all over the world are using AR/VR, sensor technologies, and AI to improve individual productivity, operational efficiency, and execution flexibility. If you want to know how amazing mixed reality is, try playing a VR game.

9. Robotics

The robotics industry is making a huge leap from industrial use to healthcare, service delivery, educational, and public-serving sector. It will have a huge impact on our daily lives, businesses, and homes physically and virtually. During the lock-down period also, various hospitals were seen using robots to deliver healthcare and food services to coronavirus affected patients.

10. Serverless Computing

Function as a service or Serverless computing allows businesses to build applications that scale in real-time. These applications respond to demand that change instantaneously by orders of magnitude. It is a consumption-based platform that enables developers to cost-effectively and quickly deploy applications. AWS LambdaMicrosoft Azure Functions, and Google Cloud Functions are some good examples of FaaS.

Business-Transformation

This is not the extent of human capabilities. As time passes by, someone, somewhere might be working on new tech that could transform our world. But, in all these transformations, we must not forget that as advanced a technology could be, the risk it brings along with are also inevitable. So it is our responsibility to use these technologies to our advantage, not to harm others.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s