In the past few years, digital technology has dramatically revolutionized nearly every area of human existence, including communications, the workplace, entertainment, travel, banking, and shopping. Digital technologies have progressed faster than any other breakthrough in history, reaching over half of the world's population in just two decades and changing civilizations. Technology can help to level the playing field through improving connection, financial inclusion, trade access, and access to public services.
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Digital technology is the second step in the process. Words and pictures are represented in binary code, which is made up of combinations of the numbers 0 and 1, commonly known as bits. Huge volumes of data may be compressed using digital technology and stored on tiny storage devices that can be readily protected and transferred. Data transmission speeds are also increased as a result of digitization.
To transfer messages, telecommunications has depended on digital techniques. Enhanced fiber optics facilitated the development of digital communication networks in the early 1980s. For many types of communications, such as cellular phones and cable lines, digital technology has superseded analog transmissions. Pulse code modulation (PCM) was used to transform analog data to digital signals in analog-to-digital converters. Digitized signals were less distorted and easier to replicate than analog broadcasts.
AI and ML: Connecting with Digital Machines and training them
What is Digital Technology?
Since everything today relies on computers in some manner, the word "digital technology" is a fairly wide term that covers a lot of ground. You're probably using digital technology from the time you get up until the moment you go to sleep, and even while you're sleeping, to be precise.
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All electronic instruments, automated systems, technical equipment, and resources that produce, process or store information are included in the definition of digital technology. The distinction between analog and digital technology is that in analog tech, data is transformed into various amplitude electric rhythms, whereas in digital technology, data is translated into the binary system, i.e. zero or one, with each bit representing two amplitudes.
Impact of Digital Technology
The effect of digital technology and connectivity, robots, stabilized production, and digital reality: the interconnection of these high-tech innovations creates a cyber-physical environment that necessitates a thorough rethinking of how resources and manufacturing techniques of labor are used.
In the digital revolution and virtual era, the impact of digital technology will be seen in every industry that is capable of producing more rapidly, effectively, efficiently, safely, and precisely. The three primary effects of digital technology on the industrial sector are increased productivity and flexibility, massive supply chain restructuring, and mass customization.
Multi-functional devices such as the wristwatch and smartphone have been made possible by recent technological advancements. Computers and laptops are becoming faster, more convenient, and more powerful than they have ever been. Technology has made our life easier, faster, more convenient, comfortable, accurate, and pleasurable as a result of all of these advancements.
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For example, AI-enabled frontier technologies in the health sector are assisting in the saving of lives, the diagnosis of illnesses, and the extension of life expectancy. Virtual learning environments and remote learning have offered up educational opportunities to students who would otherwise be shut out.
Through blockchain-powered platforms, public services are becoming more accessible and accountable, as well as less bureaucratically demanding as a result of AI help. Big data may also help policymakers and programmers create more responsive and precise policies and programs.
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Digital Technology Examples
Here are some of the examples of Digital Technology:
Websites are one of the most popular methods for individuals to access the web, which is a result of several pieces of digital technology. Websites provide us with a wealth of information and have grown increasingly interactive—for example, you may not only view what's playing at your local movie theatre but also purchase tickets.
Smartphones are the main reason why Digital technology has grown at such a pace. Mobile phones changed the way people communicated, both verbally and through texting. We now have smartphones, which have cameras, calculators, and mapping capabilities, among other digital technologies. Consumer selections are becoming even more diverse as a result of mobile apps.
Everything around us can be operated Digitally
Streaming videos may be utilized for a variety of reasons. You may view movies and TV shows on the internet. With programs like Skype, you can talk with people online and see them in real-time. Live streaming allows you to watch or stream live events. Other viewing alternatives for knowledge or enjoyment may be found on sites like YouTube. Steaming technology is becoming available on a wide range of devices, including computers, TVs, and smartphones.
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Applications of Digital Technology
There are now a plethora of digital alternatives to conventional print. Users may now access a wide range of reading materials from a single, portable device, eliminating the need to lug about a large number of bulky, heavy books. It's simple to change the font size and style to fit the preferences of your readers. Furthermore, unlike print books, no trees are chopped down to create them.
Kindle is an example of an e-book platform.
Blockchain technology is a system that maintains the track records of public transactions, also known as blocks, in multiple records, referred to as "chains," in a system linked by peer-to-peer connections. This type of storage is sometimes referred to as a "digital ledger.
Each block on the chain comprises several transactions, and whenever a new transaction happens on the blockchain, a record of that transaction is added to the ledger of each participant.
Distributed Ledger Technology is a decentralized database that is controlled by numerous members (DLT)." Every transaction in this ledger is verified and protected by the holder's digital signature, which confirms and secures the transaction. As a result, the information contained in the digital ledger is very secure.
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Blockchain is a method of storing data in such a manner that it is difficult or impossible to alter, hack, or defraud it. A blockchain is a digital log of transactions that is copied and distributed throughout the blockchain's complete network of computer systems. A blockchain is a form of distributed ledger technology in which transactions are recorded using an immutable cryptographic signature known as a hash.
Digital Currency - CryptoCurrency
Bitcoin is the most well-known Cryptocurrency based on the above-mentioned blockchain technology. A cryptocurrency is digital money similar to the US dollar or the Indian rupee, but it is based on a virtual trading mechanism. To control the creation of financial units and keep track of the exchange of funds, cryptocurrency uses unique encryption technologies. Cryptocurrency is a digital money transfer method that does not require the validation of transactions by banks or other financial institutions.
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Cryptocurrency payments are simply virtual payments to an online database that assesses the validity of certain transactions, rather than actual money that is carried forward and transferred in the real world. The transactions are registered and stored in a general ledger based on blockchain techniques when you transfer crypto money.
There are many more such examples such as Cars, 3D printing, ATM Machines, Robotics, Drones and Missiles, Banking and Finance, Gadgets, Social Media, Digital Music, etc.
Actually, this Era in which we are living in has everything somehow related to Digital Technology by one means or the other.
Check out this video about some awesome Digital Technologies which are going to change the world in the coming decades:
Future of Digital Technology
The transformation of the digital industry has been on the agenda of businesses for the next few years, and the years 2020-2025 are likely to be a critical time for individuals to prepare for and implement it across the board. For years, digital transformation has been on the agenda of businesses, and the years 2018-2020 are expected to be critical for leaders in the digital information technology sectors to plan for and implement it.
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To be successful in the coming years, Digital industries must organize to improve their consumers' experiences and maximize business outcomes across many mediums, establishing strong, critical linkages between people, infrastructure, and information for seamless interchange.