Advanced technologies have made us more powerful than we were in the nineties. In 2019, we have already witnessed a tidal wave of tech innovations. With the advent of various technological applications like virtual personal assistants and smart devices, entrepreneurs have incorporated the latest tech trends into their business. Christmas is around the corner, which states that the year 2019 is about to end. With the beginning of the new year 2020, entrepreneurs are looking forward to promoting their business by implementing emerging technologies.
Are you aware of the tech trends 2020?
Let’s have a look at the top six emerging technologies of 2020, and see how will they impact our society?
Trend #1: AI
Artificial Intelligence (popularly known as AI) is about intelligent systems thinking and behaving like humans. From Siri, Alexa to Sophia, we have witnessed unprecedented growth in AI. This technology has already revolutionized every aspect of our daily lives. Although AI is the hype in the market, not everyone is using this technology. Some people still don’t know what is AI, while others are confused. Regardless of these issues, corporate leaders want to integrate this technology into their business. Techies believe that AI will make a positive impact on various sectors like education, health, security, and science. Hence, AI will continue to top the list of global technology trends in 2020.
Trend #2: Blockchain
Blockchain is an ingenious invention that allows secure technological communication while preventing malicious acts during data transfer. This technology can be very well recognized by Cryptocurrency. Currently, blockchain technology has been implemented by quite a few industries for sending digital money and tracking physical goods in a supply chain. This technology ensures to provide various advantages that include reduced cost, minimized risk, secured data, and transparent transactions. Thus, more and more companies will implement blockchain in the coming years, making this technology an integral part of our daily lives.
Trend #3: IoT
(popularly known as IoT) is a system that comprises various digital machines that are interconnected, and that can communicate with each other(i.e., transfer data) over a network without the help of any human. According to Statista, the number of connected devices(IoT) worldwide will increase from 15.41 billion in the year 2015 to 75.44 billion in 2025. Also, the estimation of 3 billion connected devices by 2020 clearly states that IoT will soon become the tech trend.
Trend #4: 5G
The fifth-generation of mobile networks (also known as 5G) provides high uploading speed and fast downloading service (more than 4G) along with a stable connection. Verizon was the first company to launch this technology at the beginning of April 2019 in the USA. Presently, 5G service is available in limited areas of Chicago, and some other locations. Entrepreneurs are confident that 5G will be one of the upcoming tech trends in 2020. In the coming year, higher coverage area and affordable cost will lead to the popularity of 5G data networks. The increased bandwidth will enable various devices like autonomous cars to collect as well as transfer a huge amount of real-time data with great ease. In addition to this, it is anticipated that 5G technology will play a crucial role in the advancement of the Internet of Things (IoT).
Trend #5: Automation
Automation is all about controlling processes or equipment using minimum human-efforts. Organizations had already started deploying this technology in 2010 to gain high efficiency. Earlier automation was involved in production lines for doing only routine tasks like packaging and pick and place things. This technology is now helpful in performing complex tasks that require decision-making. Maximizing profits with reduced time and human-efforts is luring several other companies to deploy this technology. Furthermore, the concoction of automation with several advanced technologies like AI, IoT, etc. will surely make our lives better and easier. Therefore, experts believe that automation is one of the most awaited technologies of 2020.
Trend #6: Prescriptive Analytics
Prescriptive Analysis is another emerging technology that is used to find the best course of action for any given situation. This analytic tool can have a large impact on how entrepreneurs make decisions. At present, the oil & gas industry and healthcare industry are utilizing this technology to optimize production and customer experience. By the next year, a wide variety of industries will be able to analyze data and historical behavior and forecast future behavior and events. So, it can be said that prescriptive analytics will also be in trend next year.
Bottom Line
The pace of technological progress is speeding up exponentially. Technology is changing in such a way that the future predictions of the latest technology trends at the start of the year may not match by the year ending. Therefore, experts suggest that everyone must stay tuned with evolving tech trends to retain their jobs since the job roles will evolve dramatically with the change in technology.
