It is often noticed that the consumers have plenty of tech news to catch up in 2020, with expected advancement in driverless cars, folding mobile phones, and new consoles for video gaming, what are some other trends the tech professionals are planning for this year?
These are a few of the upcoming trends in tech that the business professionals must pay attention to. Most tech leaders harness various technological innovations for different reasons, and these paths lead to empower customer service and keep their businesses continually evolving.
Let us see what this decade holds for companies and what technology trends you should be aware of. Here are some of the most cutting edge technology trends that we believe will make a difference for flourishing businesses this year.
While Blockchain has been around for some years, commercial implementation and scalability of the technology remain stagnant. By building more confidence and accountability in supply chains and money transfers, Blockchain can reshape industries in processes such as reducing fees, shortening transaction processing times, and more.
What this trend means for business
Experts, in general, believe that with the beginning of the adoption of sophisticated technologies such as artificial intelligence and IoT, Blockchain would see massive growth in businesses. Blockchain will even transform the way you run your business from day-to-day such as Smart Contracts, Cloud Storage, Supply-Chain Communications, and much more than secure your business growth.
Augmented Reality (AR)
As you steer through the bumpy roads of AR/VR, staying focused on innovation around underlying technology is essential to advance the competition; and invest more money and resources to scale AR/VR. 61% of business and technology stakeholders emphasize building Augmented and Virtual Reality Trends for bringing technology innovation in their work.
What it means for business: VR can be used to simulate work in hazardous environments or with expensive, prone to damage equipment and tools, without any of the potential dangers. And reduce the hazards and the chances of damage associated with the use of an assembly line. On the other hand, Augmented Reality can aid in inventory database management, create visual representations of prototypes, and refine them until they enter the prototype stage. Hence, they are cutting costs.
There are several business applications of facial recognition technology, privacy and security are among the best uses of facial recognition. Thanks to the company’s widespread use of facial recognition technology, users of the visual messaging app, such as Snapchat, can now select their privacy settings for photographs. The facial recognition system utilized in Snapchat can scan faces in images to determine which ones to block to strengthen privacy.
What it means for business: The facial recognition program uses an emoji to block the chosen faces. Facial recognition of Snapchat is allowed when a user’s account is set to a specified environment. Companies can use the same technology in protecting their people’s privacy. Through using this technology, companies can handle confidential information to secure their computers.
IoV – Internet of Voice
Voice Internet is gaining momentum and will bring far-reaching changes! Some experts compare the “Voice” theme with Internet invention. Yes, there are always hype and exaggerated expectations. There is no denying that technology changed our lives forever, continually evolving our search for information and communication behavior.
This trend means that users can make voice search requests (text scans), and customers can get answers in real-time without the need to work through many search results. Multiple search queries are performed without a computer, and the answer can only be given by voice or in conjunction with a linked device calling up the internet. With the help of IoV, users can use a simple voice command to make purchases and handle.
Hyper-automation helps businesses take automation to the next level. It uses innovative technologies such as artificial intelligence (AI) and machine learning (ML) to automate processes much more effectively than traditional automation functions. Hyper-automation requires a spectrum of tools that help replicate tasks involving individuals. Such a trend started with Robotic Process Automation (RPA) but will increase as process intelligence, content intelligence, AI, and other innovative technologies combine.
What it means for business: Hyperautomation offers a high-speed route to engage everyone in business transformation with the help of automation. RPA upgrading with intelligence creates smart digital workers who can take on repetitive tasks to increase their performance.
So, what’s next?
While technologies are progressively developing and bringing transformation all around us, these cutting-edge technology trends can offer promising business growth prospects. Now is the time for you to choose carefully, get trained, and embark on the technology’s initial stages, positioning you now and in the future.