We are the Millennial living in the digital age breathing technology in and out every day. The statement won’t be hyperbolic if we say that technology is our oxygen to survive on planet earth. The dynamics of technology are changing year after year. The race to make technology better and better has just begun, and with every now and then emerging technologies sky is the limit. Let us look into a few emerging and promising technologies that shaped the year 2019 globally:
IoT – Internet of Things
IoT is the most buzz word nowadays that is impacting our daily lives in various ways. In the layman language, IoT – Internet of Things is the concept of connecting any device with turn on and turn off capabilities to the Internet or to each other. The main purpose of IoT – Internet of Things is to exchange and collect data to create value. It is one of the profitable emerging technologies driving business changes by providing the data required to make marketing better, increase sales, and decrease costs.
Artificial Intelligence (AI)
Artificial Intelligence (AI) is nothing but the ability of machines to drive tasks that were initially reserved for human beings because they require advanced intelligence and reasoning capabilities to accomplish. In recent times, AI has been incorporated in many aspects of our daily lives to perform complex tasks with impressive precision. The benefits of Artificial Intelligence in fields like medicine and communication cannot be ignored. Artificial Intelligence (AI) is touching our daily lives, right from asking Siri to play a song to Netflix recommending what to view next AI assists in every area of our lives, whether we’re trying to read our emails, get driving directions, get music or movie suggestions.
The arrival of 5G networks is enhancing our ability to move, manipulate, and evaluate data across wireless platforms. As 5G rolls out completely in the upcoming years, it will boost the development of more complex applications to solve multiple issues and amplify the growth across industries.
Michael Haines, community chair and director of the partner incentive strategy and program design for Microsoft said, “The development and deployment of 5G is going to allow organizations impact at a level that few technologies ever have, providing wireless at the speed and latency required for complex solutions like driverless vehicles,”
Serverless computing enables businesses to create a NoOps IT environment that is automated and abstracted from the underlying infrastructure, decreasing operational costs, and letting organizations to invest in developing new capabilities that add more value.
One of the fastest-growing technologies that more businesses nowadays are exploring and implementing is blockchain technology. It solves the increased need to secure and manage transactions across the internet.
Robotics is a concept of automating routine processes by using machines to drive businesses faster, less expensive, and more efficient.
Another promising technology is Biometrics entailing face, fingerprint, and retina scans that are becoming one of the mainstream methods for verifying the identity of a person. These methods have all sings of making the secure foundation for solutions delivered by IT companies moving forward.
3D printing a new technology providing a solution to the low volume manufacturing of complex parts, and to the fast local production of difficult-to-find products. Opportunities for this industry will continue to scale -up as more affordable products become available.
Virtual Reality (VR)/Augmented Reality (AR)
Making use of VR, AR, mixed reality, AI, and sensor technologies can help businesses enhance operational efficiency and individual productivity.
Great technology in the form of Drones enables robotic automation with fewer geographical restrictions. Opportunities for development and integration are undoubtedly high for this market.