In today’s modern world, technology is evolving rapidly in all industries. New trends and technologies keep emerging to meet the exceeding expectations of consumers and also businesses. Be it in healthcare, IT, aviation, or any other industry.. new inventions are made possible only with evolving advanced technologies.
Knowing about the emerging trends and technologies is not only out of curiosity. But, it will help us understand where the world is heading and what to expect in the future. Moreover, knowing about the current trends in the industry allows businesses to be more competitive and consumers to make informed decisions.
Technology and trends have a direct impact on the economy. So staying updated will help you enhance your skills or improve your business tactics. Yes, for an IT professional, learning, unlearning, and relearning are almost a lifetime process. And, for businesses, it is crucial to beware of current trends to stand out and move ahead in the highly competitive market.
Now let us see the list of the top 7 game-change innovative technologies in 2021 that will have an immense impact in the future.
Artificial Intelligence (AI)
Artificial Intelligence (AI) has been here with us in the past decade, but it remains one of the new technology trends. Mostly because AI can make an impact on how we live, work and even play games. However, the inventions are still in the early stages, and the best is yet to come.
Self-driving cars, face recognition, and smartphone personal assistants are some of the opportunities we can enjoy with AI. Other than that, voice-enabled and voice-controlled loudspeakers, smart kettles, and light fixtures are some AI products that enhanced our everyday lives.
However, AI is rapidly growing beyond routine things and start solving more complex tasks. AI has the potential to improve modern business needs with its machine learning techniques. It can detect the evolving patterns of customer behavior by analyzing real-time data. Thus, businesses can enhance personalized experiences and generate excellent revenues. AI has already made a significant shift in the healthcare industry by assisting doctors with patient care and also in administrative processes.
Augmented Reality (AR)
With modern and sophisticated smartphones, augmented reality technologies have already entered our lives. We can look forward to more advancements in AR in the upcoming years. AR technologies can boost the interactive experience. Thus, it will enhance education, shopping, navigation, and the gaming industry online.
Unlike Virtual Reality (VR), potential users need not have any separate device for Augmented Reality (AR) other than their smartphones. So, we can expect that app processes will become automated, technologies will be more accessible, private data protection will become a priority, and a digital transformation of business in the future.
Organizations have to adapt to the changing technology advancements quickly to gain all the commercial benefits. People need to pay attention to the trends and technology to improve their skills and overall life quality. Embracing innovations and adapting to new technologies will help you progress in your professional and personal life.
Robotic Process Automation (RPA)
Robotic Process Automation is a software technology that helps build software robots to perform human actions interacting with digital systems and software. In simple words, RPA instructs machines to execute repetitive manual tasks. Thus, it eliminates human intervention in monotonous and mundane activities, enabling them to concentrate on more productive activities.
Similar to AI and Machine Learning, Robotic Process Automation(RPA) helps in automating jobs. We can use RPA to automate business processes like interpreting applications, processing transactions, handling data, and even replying to emails.
Research says that around 5 percent of jobs can be fully automated, whereas about 60 percent can be partially automated. Businesses can increase their employee’s productivity by automating their monotonous routine tasks. Individuals have to keep an eye on RPA’s impact on their field and improve their skills periodically.
Edge computing is a distributed, decentralized, open IT architecture that enables mobile computing and the Internet of Things (IoT). With edge computing, the device or local computer process the data rather than transmitting it to a data center.
Edge computing encourages data stream acceleration like real-time data processing without latency. Hence, it allows smart applications and devices to respond to data instantly, eliminating time lag. Such technologies are crucial for self-driving cars, where a minute lag can be fatal. Businesses also can use edge computing to their advantage.
With more and more data organizations are increasing, edge computing comes in handy to overcome the latency that happens with cloud computing. Edge computing enables efficient data processing with minimal bandwidth usage. Hence, it eliminates the cost and assures effective utilization of applications in remote locations. Plus, its ability to process data without putting it into a public cloud gives more security to sensitive data.
Blockchain is often known as a digital record of transactions. It acts like a distributed ledger that allows digital information to be shared but not copied. One can track the transactions and tracking assets in a business network. The asset can be a house, car, money, or any other property.
Blockchain is the ideal technology for delivering crucial business data because it offers immediate, shared, and fully transparent information stored on an immutable ledger. No one other than the authorized personnel can access the data. Businesses often track orders, payments, accounts, or production using blockchain technology.
Blockchain is the technology behind cryptocurrency. Yes, most famous cryptocurrencies like Bitcoin, Ethereum, Tether work on blockchain technology. However, blockchain is an impeccable technology that extends far beyond cryptocurrencies.
Yes, we can leverage blockchain in almost all industries, including banking, logistics, healthcare, and supply chain.
Internet of Things (IoT)
It is yet another promising technology that can benefit many industries. The motive behind IoT is to connect everything with each other. Thus, technology act as an ecosystem to connect everything. That is why it is popularly known as the Internet of Everything.
With the easy availability of high-speed internet, one can use the IoT ecosystem to connect and control IoT devices in the network like:
- With an IoT ecosystem, the entity can use a remote (smartphones) to send a command or request for information over an IoT device.
- The device performs the command and notifies the user by sending back the data. The user further needs to analyze the data for confirmation.
- Data storage and analysis can be done in multiple locations, including cloud or local databases.
Even now, as consumers, we can make use of this sound technology to improve our daily lives. We can lock our doors remotely if we forget to close when we leave for work, preheat our ovens on our way home from work and track our fitness on our Fitbits.
The IoT can help businesses in several ways like predictive maintenance, speed up medical care, enhance customer service, etc. With the exploding use of the internet, the IoT will have a massive influence in every field in the future.
According to a recent study, we are only in the early stages of IoT. In another decade, the number will drastically increase. Many businesses are investing in this technology as 5G is booming already.
There are always two sides to a coin. When businesses across several industries are leveraging technology for improved services, on the other side, hackers are using it to make money from it.
Businesses will always have sensitive and crucial data. Hackers want to break the system and steal the data. There comes the need for cybersecurity which protects all the essential and sensitive information of enterprises.
Cybersecurity comprises all technologies and practices that keep computer systems and electronic data safe. With more and more businesses and services online, it is an enormously expanding field.
Cybersecurity involves securing networks, systems, and other digital infrastructure from malicious attacks. With cybercrimes increasing drastically, all industries, including banks, organizations, hospitals, and government agencies, are working on cybersecurity infrastructure. Thus, they can stay away from cyberattacks and data breaches.
Cybersecurity will help protect their business ethics and practices and secures customer data without any compromise.
You need not be a business owner or an industry expert to stay aware of new technologies. Learning new things and updating ourselves with current trends and technologies will help us in the long run.
The year 2020 had a hard hit on the whole world with the coronavirus pandemic. We did everything online, the activities that we have never imagined that can be done online. The online gym is one such venture that exploded the internet. Technology made everything possible. Isn’t it?
Always keep learning about the new technology trends that come in the market. It will help you understand the impact it will have on your work or business or your life. As a working professional, you can work on your skills. As a business, you can use the technology to your advantage, and as a consumer, you can make informed decisions to improve your life quality.