The world is undergoing a significant digital revolution. By advancing technology, companies are able to innovate, be more agile, and develop more marketable products.
Despite the Covid-19 pandemic, companies remained resilient due to digitalization and automation. Business models have been modified as a result of disruptive technologies.
The effects of the pandemic and the transition from analog to digital will last a long time. Technology changes at such a fast pace that catching up with them is challenging. The advancement of technology will continue to change the way we live and operate, providing tremendous opportunities for businesses everywhere.
Here are some developments in technology that everyone should be aware of, aware of how to incorporate, and aware of how to take advantage.
#1. Artificial Intelligence (AI)
It has been a decade since Artificial Intelligence became quite popular. As long as this trend continues to develop, wearables will continue to be one of the biggest emerging technologies.
AI now plays an increasingly prominent role in mobile apps, ride-sharing services, personal assistants, navigation, and other areas.
Apart from that, Artificial Intelligence will be used to investigate interactions uncovered previously, as well as to assess facility demand in real-time for the purpose of marketing and identifying patterns among users.
As a result of AI, which is a subset of machine learning, skilled workers are in high demand across various industries.
#2. Edge computing
Using edge computing, data can be processed at high speed and with low latency. By bringing computations closer to the data storage system, edge computing enhances application performance.
Edge computing can be motivated by the high bandwidth costs of cloud platforms.
It transfers operations from the cloud to individual users’ computers and edge servers, so fewer processes are running in the cloud.
The reduction of distance between the server and the client, resulting in faster process speed, is achieved by bridging the data and computation gap.
As such, edge computing is used for managing time-sensitive data stored at remote locations without direct access to a central database. This technology would be beneficial for cloud computing and IoT applications.
#3. 5G and enhanced connectivity
Internet that is faster and more stable means more than merely loading web pages faster and watching YouTube videos faster. Mobile connectivity has evolved from 3G to 4G, enabling new internet use cases with each advancement.
Broadband infrastructure enabled 3G and 4G to enhance mobile access and data-driven applications; 5G is expected to expand what is possible as bandwidth expands.
Enhanced and virtual reality are two examples of 5G networks.
By tethering us to a certain location, they pose a threat to cable and fiber-based networks.
Basically, all of the trends we’ve discussed can be accessed anywhere, any time, with 5G and other advanced, high-speed networks.
Automation is the key to running machine learning applications in the field, even when they require access to Big Data sources in real-time.
#4. Internet of behaviors (IoB)
It is important to remember if you are familiar with the Internet of Things (IoT), that it is also a network of behaviors.
In order to influence behavior, the Internet of Things (IoT) utilizes data and insights. On the Internet of Behavior paradigms (IoB), IoT devices can serve as massive databases.
Businesses can use IoB to benefit various channels by tracking customer behavior. An activity tracker app, for example, may collect data regarding physical activity, diet, sleep, and other habits.
The data can be used to create customized health plans that encourage behavioral changes.
Technology trends like blockchain are also becoming more mainstream. Cryptocurrency is not the only thing Blockchain is about, as many people think.
It is important to understand that Bitcoin and other cryptocurrencies are only a part of Blockchain technology. Besides cryptocurrencies, it also utilizes other industries such as healthcare, logistics, advertising, and supply chain.
Through a global network of computers, it maintains a decentralized ledger that tracks any transaction.
Blockchain-based platforms are being sought by many different businesses, driving up the market for Blockchain technology.
Due to blockchain’s high level of security and transparency, its popularity has grown rapidly in recent years.
#6. Quantum computing
Taking advantage of quantum phenomena such as superposition and quantum entanglement, quantum computing could be the next remarkable technological advancement.
In addition to helping prevent the spread of the Coronavirus and develop potential vaccines, this wonderful technology trend has the ability to track, interpret, and act instantly on data, regardless of its source.
The use of quantum computing in banking and finance now entails monitoring credit risk, performing high-frequency trading, and detecting fraud. The speed of quantum computers has now surpassed conventional computers, even those designed by well-known companies.
As with other technologies, cybersecurity is not cutting-edge technology. New threats constantly emerge, which is part of the reason.
The more stringent security measures we enact, the more likely malicious hackers will find ways to avoid them. It’s partly due to modern technologies being adopted for defense purposes.
Because Cybersecurity is a technology that will remain popular as long as hackers are around, Cybersecurity is a technology we’ll need to protect ourselves from.
#8. Distributed cloud
Cloud Computing is going to reach new heights with Distributed Cloud. The original provider of the public cloud handles all of the centralized tasks associated with the distribution, updates, and delivery of cloud resources to various geographic locations.
It helps to meet the requirements of individual cloud locations, rather than providing a centralized solution.
As a result of this technological trend, companies will undoubtedly benefit from a decrease in latency, a decrease in the likelihood of data loss, and a decrease in costs.
Artificial Intelligence (AI) and the Internet of Things (IoT) as well as other technologies that require large data volumes to be processed in real-time will benefit from Distributed Cloud deployment.
#9. Human augmentation
Human augmentation refers to innovations that improve human performance and capability.
The field of human augmenting includes all sorts of physical augmentation, from prosthetics and AR glasses to RFID tags implanted within people.
Cognitive, perception, and action abilities can be improved as a result of this. By combining and fusion of information, actuation technology, and artificial intelligence, this is accomplished.
#10. Augmented reality and virtual reality
Two popular technology trends have exploded in popularity over the past few years, and are expected to continue to do so in the future.
When it comes to these two technologies, Virtual Reality (VR) creates a realistic representation of physical reality using computer technologies, while Augmented Reality (AR) uses computer-generated elements to enhance the real world.
Besides gaming, they’re active in transportation, education, healthcare, and many other sectors. To improve the learning experience of students, Ed-Tech platforms are increasingly using Augmented Reality and Virtual Reality.
The following are the top technology developments to look forward to in 2021. By now, you realize that these tech trends are all connected somehow.
IoT, AR, and VR are just a few of the areas that 5G tech would positively affect.
Thus, you won’t have to worry about choosing a tech trend that is right for you since learning about these advancements will broaden your knowledge and give you an edge over others.
Having a clear understanding of these technological developments will most certainly increase your business and career opportunities.