Technology with time has progressed a lot. It has grown leaps and bounds and has left not a single doubt in the minds of people about the future of it. Years ago, when we used to sit on a chair to make a trunk call, who would have thought that after a few years, they will be able to see the people residing far away on their phone screens in real-time.
The people who used to sit for hours after making one request for a trunk call are now happily able to see their loved ones. The invention of smartphones or even feature phones was a big event in the history of technology, it was a milestone, and was as important as Sir Graham Bell making the first-ever telephone call.
These inventions were not always convenient for us to talk about. Once upon a time, these were nothing more than a thought on which a scientist was working upon. These were nothing more than emerging technologies.
(Must read: IT applications in different Sectors)
In this blog, we are going to discuss the top-10 emerging technologies that can affect the future world at their best.
If you've heard of the Internet of Things (IoT), you should know that the IoT extends to the Internet of Behavior. In layman's terms, IoB is concerned with the use of data and insights to effect behavioural change. It might be interpreted as IoT devices serving as massive data sources for Internet of Behavior (IoB) concepts.
Businesses will be able to monitor customer behaviour and make use of IoB for their own platforms with the aid of IoB. A health-tracking app, for example, can collect information on your physical activity regimen, food, sleep, and so on.
The IoB's goal is to collect, analyse, comprehend, and respond to all sorts of human behaviour in a way that allows individuals to be tracked and interpreted utilising developing technology breakthroughs and advances in machine learning algorithms.
People's actions are tracked, and incentives and disincentives are used to persuade people to perform in accordance with a set of operational criteria. What makes IoB so important is that it is not just descriptive (analysing behaviour), but also proactive (detecting which psychological variables to influence to bring about a certain outcome).
Hyperautomation combines various aspects of process automation, combining tools and technology to increase the potential to automate labour.
It starts with robotic process automation (RPA) at its foundation and then adds artificial intelligence (AI), process mining, data analytics, and other sophisticated technologies to increase automation capabilities.
The goal is to automate more and more knowledge labour while also including everyone in the business in the transition.
In the next few years, hyper-automation will undoubtedly become a must-have tech trend for organisations looking to achieve optimal and efficient streamlined work operations. It has the ability to benefit organisations by providing automated procedures, increased efficiency, increased compliance and risk reduction, correct insights, and much more.
Continuing down the list, Edge Artificial Intelligence, or the future of Artificial Intelligence, is another significant technological topic for the year 2021. Simply said, in Edge Artificial Intelligence, AI algorithms are processed at the local level, i.e., Edge AI takes and processes data to the nearest point of user contact, which may be a computer, an Edge server, or any other device. Amazon Alexa, Google Maps, Drones, and other frequent instances of Edge AI assistance are listed below.
By speeding up processes and making devices more energy efficient, Edge AI enhances decision-making, makes data processing safer, improves user experience through hyper-personalization, and decreases costs.
A hand-held tool used in manufacturing is an example of this. Edge AI software is incorporated in the tool, which is controlled by a microprocessor. When data does not need to be transmitted to the cloud, the tool's battery lasts longer. The programme gathers, processes, and analyses data in real time, and then transfers the data to the cloud for further analysis once the workday is through.
In the case of an emergency, an AI-enabled tool might, for example, switch itself off. The manufacturer gains important insight into how their goods function and may apply this knowledge to future product development.
5G technology is one of the most popular and necessary technologies today, as nearly all key technologies, such as Cloud Computing, the Internet of Things (IoT), Blockchain, Virtual Reality, and others, rely heavily on improved Internet connectivity. High internet speed, reduced latency, higher efficiency, high throughput, and other characteristics of 5G technologies will propel internet connectivity to new heights and open up a new world of technical possibilities for a variety of different technologies and companies.
5G uses the same radio frequencies that your smartphone, Wi-Fi networks, and satellite communications utilise now, but it allows technologies to travel far further.
Aside from the ability to download a full-length HD movie to your phone in seconds (even from a busy stadium), 5G is all about linking things everywhere – consistently and without latency – so people can monitor, analyse, and manage things in real time.
Cybersecurity is one of those tech trends that will experience considerable rise in demand and acceptance in the future years, as virtually the whole globe becomes digital. Also, because data is becoming an organization's most valuable asset, there is a need to secure data and information against cyberattacks and data breaches.
(Related blog: Best data security practices)
When we talk about Cybersecurity Mesh, we're talking about a more flexible and dispersed approach to cybersecurity measures. It allows the security perimeter to be created around a person's or thing's identification. In other words, anyone may gain secure access to any digital asset with the aid of Cybersecurity Mesh from any location they are in.
To allow devices to obtain access to a network, older cybersecurity models built password-protected perimeters and managed access levels internally. The cybersecurity mesh approach to IT development entails a complete re-engineering of the process, incorporating various measures during the network's construction.
In other words, IT security is developed early in the process, while the network's architectural design is being built, rather than as an afterthought. To provide a more flexible deployment over time, development teams will be extensively involved in shifting security farther "to the left."
Distributed cloud is a next level cloud computing technology. It is a public cloud computing service that allows you to run public cloud infrastructure in multiple locations, including on premises, in other cloud providers' data centres, and in third-party data centres or colocation centres, all while managing everything from a single control plane.
Your organisation may deploy and run apps or specific application components in a combination of cloud locations and settings that best fits your requirements for performance, regulatory compliance, and more with this targeted, centrally controlled distribution of public cloud services.
If predictions are to be believed, Many cloud platforms will deliver at least some distributed cloud services that execute at the point of demand by the year 2025.
Augmented Reality and Virtual Reality are two popular tech trends that have exploded in popularity in recent years and are likely to continue to do so in the coming years. When it comes to these two technologies,
They're being used in a variety of fields, including gaming, transportation, education, healthcare, and many more. In the next 3-4 years, the global market for AR and VR is anticipated to reach about USD 500 billion, with a CAGR of more than 45 per cent. This stat is enough to tell anyone about how fast the market of AR and VR is growing.
Though Quantum Computing is not a new term in the IT industry, its popularity has skyrocketed in recent years. And, especially in light of the Covid-19 epidemic, when it aided in the prevention of the pandemic virus's spread and the creation of vaccinations, it's even more important to consider Quantum Computing in the year 2021.
It is largely concerned with computer processes that are based on quantum phenomena such as superposition, entanglement, and so on. The technology has the potential to be used in a variety of fields, including banking and finance, healthcare, logistics, and many more.
According to the estimates, the global market for quantum computing is anticipated to reach about USD 7.1 billion by 2026, indicating that quantum computing has a bright future in the technology sector.
The future is all about making things better for everyone. In this quest, we have reached a point where we have total experience in front of us.
Total-experience (TX) is an approach that connects the user experience (UX), customer experience (CX), multi-experience (MX), and staff experience (EX) disciplines to create superior shared experiences. It's about more than just enhancing one constituent's experience; it's about improving many constituencies' experiences to create a revolutionary business outcome.
From the employee to the client to the user, TX includes the whole corporate experience. More than just taking care of customers, creating an outstanding atmosphere for staff and users is part of the overall experience.
Last year's price movements in Bitcoin and Ethereum catapulted blockchain, the underlying technology that underpins all crypto-assets, into the public eye. Even when the overvaluation of cryptocurrencies suffers a big (and much-needed) correction, understanding the ramifications of distributed ledger/blockchain technology remains critical.
Blockchain has a lot of promise in emerging markets, according to us. In the United States, financial services and insurance are sophisticated, with enough comfort, convenience, and security safeguards to service and protect retail consumers. This faith in centralised parties, on the other hand, is not universal.
Cryptocurrency, such as bitcoin, is only a small part of the Blockchain technology as a whole. Apart from cryptocurrencies, it is also utilised in a variety of other fields like healthcare, supply chain & logistics, advertising, and so on.
It's essentially a decentralised digital ledger that keeps track of every transaction that takes place over a global network of computer systems. Various businesses are seeking Blockchain platforms to build top-level business solutions, which is driving up demand for blockchain technology.
Technology will continue to progress with each passing second. By the time we finish reading a book, a new technology is invented somewhere in this world. With the rise in technology, we must remain assured of the fact that things are going to get easier with passing time and many new technological reforms will come to us soon, revolutionizing this world.
In the end I leave you with a famous quote of Bill Gates,
“The advance of technology is based on making it fit in so that you don't really even notice it, so it's part of everyday life.”
5 Factors Influencing Consumer BehaviorREAD MORE
Elasticity of Demand and its TypesREAD MORE
What is PESTLE Analysis? Everything you need to know about itREAD MORE
An Overview of Descriptive AnalysisREAD MORE
What is Managerial Economics? Definition, Types, Nature, Principles, and ScopeREAD MORE
5 Factors Affecting the Price Elasticity of Demand (PED)READ MORE
Dijkstra’s Algorithm: The Shortest Path AlgorithmREAD MORE
6 Major Branches of Artificial Intelligence (AI)READ MORE
Scope of Managerial EconomicsREAD MORE
7 Types of Statistical Analysis: Definition and ExplanationREAD MORE