Information technology is growing rapidly and it is not slowing down, neither it will according to the pace and the needs of the world we live in. Today our daily life depends on technologies, whether it’s for something we want to eat, travel, or to learn a new skill. It can only be predicted for enormous potential for improved quality of life over the next decades. Thanks to technology and internet connectivity.
The information technology sector is dynamic, as technology keeps evolving. So, we need to update ourselves and adapt to remain at the helm of innovation. This doesn’t go only for individuals but also for businesses and solution providers to meet the demands of a technology-enabled consumer base. Here are the top five technology trends you should watch for in 2020-21.
Artificial Intelligence (AI) & Machine Learning (ML)
Artificial Intelligence (AI) and Machine Learning (ML) are undeniably among the most influential and powerful technologies in today’s world. Artificial Intelligence is intelligence demonstrated by machines or built to mimic human intelligence, making it possible for machines to learn from experience. Machine Learning is a branch of AI, it enables computers to tackle tasks that have, until now, only carried out by people.
It will be helpful for the organizations and companies to look at AI and ML through the eyes of business capabilities. It can help the organization or company in automating business processes, gaining insight through data analysis, and engaging with customers and employees. AI combined with ML is not just a powerful combination but a super powerful
Blockchain is an open and distributed ledger that can record transactions efficiently, permanently, and verifiably. “A simple analogy for understanding blockchain technology is a Google Sheet. When we create a Google Sheet and are shared among numerous people, the sheet is distributed instead of copied or transferred. This creates a decentralized distribution chain that offers everyone access to the sheet at the same time. Nobody is bolted out awaiting changes from another party, whereas all modifications to the sheets are being recorded in real-time, making changes completely transparent.”
Blockchain for business is valuable since it is decentralized, immutable, secure, and transparent. If your company is looking to improve efficiency and remove friction then the answer lies in blockchain technology. Over the years, blockchain has seen immense interest both from the media and individual investors, many organizations are exploring the potential value of blockchain and some of the large players are even developing their solutions.
Cybersecurity has been around for a while now. This technology might not seem emerging, but it is evolving and this will continue as long as the internet exists. In this era, with almost everyone using the internet and the technology tools, it makes it easy for the intrepid hackers to access the reams of sensitive information which led to many organizations being exposed to a range of cyber risks, the risk from data theft, and ransomware to corporate infiltration. This is not stopping soon, the hackers would try to find different ways to illegally obtained the data no matter the security measures being taken by the organizations. So, we need to keep taking the measures and steps to prevent our companies or organizations against these threats. And as long as we need to safeguard our organizations from hackers, we will have cybersecurity as an emerging technology.
Edge computing is a decentralized model focused on bringing computing as close to the source of data as possible to reduce latency and bandwidth use. It has now become mainstream with giant companies like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure dominating the market. With more and more businesses adopting the cloud solution, The domination of edge computing is rapidly growing and it is becoming the most efficient path for localized interactions.
With the increasing numbers of data we are dealing with, we have realized the limitation of cloud computing. That is when edge computing was designed to help with some of these problems. Instead of relying on the cloud at one of a dozen data centers to do all the work, in edge computing, it is done at or near the source of the data.
Internet of Things (IoT)
Today almost every device are built with internet connectivity and connected devices. Hence, IoT is the future and has already enabled devices. That includes an extraordinary number of objects of all shapes and sizes- from a smart home that automatically adjusts heating and lighting, to self-driving cars that is capable of sensing its environment and navigating without human input, to wearable smartwatches that can manage virtually every aspect of our lives. There is much more to be connected in the future to exchange data over the internet.
With the adoption of IoT technology, businesses understand consumer needs in real-time, become more responsive, cost-effective, efficient, and productive. Just as the internet at large affects a broad spectrum of users, so does the IoT.