Upcoming Trends In Technology That Are Currently Trending

We live in a time where technology is well-accepted as the future. From reaching as far as Mars to building automated systems here on Earth, we seem to not stop at any cost. Technology is playing a big role in shaping our future, considering how far we have come thanks to it. These technologies are giving us immense power to do things we couldn’t in the past. With everyday passing by, the human race is more and more dependent on technology, be it smartphones, artificial intelligence or anything the Internet facilitates. Machines and technology have changed our lives and will continue to bring interesting developments in the near future.

Business owners are investing more and more into the technologies of the future to reap maximum profits while these technologies are still in their developmental phases. Some of the most popular investments into technologies are given below:

1. Artificial Intelligence

We all have seen Terminator and while it may have scared us into not wanting to invest in artificial intelligence, there are still some leaps being made into the future of artificial intelligence. The coming decade will see the rise of artificial intelligence when machines would have taken over humans. By this, we mean the simplification of processes that were earlier carried out by human beings. For example, chatbots. Artificial intelligence will play a big role in the marketing domain. In simple terms, artificial intelligence is nothing but the development and efficiency of machines to perform humanly tasks and that too with little room for errors. Businesses are now leveraging its power to make AI driven processes more efficient. Voice assistants and self-driven cars are some of the examples of artificial intelligence that we seem to have mastered.

2. Blockchain

is like having a digital safe which has its unique identity number to identify it. Anyone can put any amount, and can see the amount in the account. Although, when money is transferred to an account, your identity is concealed. Only your unique identity safe number is known. As for businesses, this technology can simply exclude the need for middleman whether it’s a transaction for advertisement or any other service. Blockchain technology is making the digital assets more secure and feasible, by removing the middleman in a financial transaction. A private key cryptography gives the possession of ownership, sparing the person of sharing more personal information which becomes an opportunity for hackers.

3. Big Data

Big data refers to a huge volume of data that might be belonging to various domains and is complex. So whether your organization deals with healthcare or manufacturing, big data plays an important role in every possible industry. It is definitely a huge bargain in the marketing domain. Every internet user who avails the Internet for gathering information knows that on a single day, data is generated and promoted in millions and has different sources of origin. That counts for a huge number! So how do organizations know whether the data is appropriate for their audience or not. Big Data research enables you to explore deep insight into the data and risk associated with it. This in turn helps the organizations and marketers market themselves appropriately. This future technology trend is definitely taking the world by the storm.

4. Augmented Reality

Augmented Reality refers to the addition of virtual effects to the user’s realtime environment, enhancing the realtime presence. Snapchat users out there, all the filters you have been using are available thanks to this technology! The latest one being where an animated character comes to life in the virtual world! An example of this technology is Google glass. Another popular by product of this technology is a game called PokemonGo. Apple has also advanced much into augmented reality technology with the launch of its iPhone X.

5. Virtual Reality

Why not get lost into an environment that you see in your phones and consoles? Technology has enabled us to do even that. With virtual reality, we have entered the virtual environments that we could only have dreamed of a decade ago. Virtual reality means experiencing things that do not exist in reality, but exist in the virtual world.  With this technology at our disposal, we can practically touch anything anywhere. A good example that showcases the effectiveness of this technology is Facebook’s Oculus, which makes anything look possible. It makes possible to play games in the virtual world, giving 360 degree experience, and basically giving the control in your hands.

6. Internet of Things

According to a recent report by Cisco, IOT will generate $14.4 trillion in value covering all industries. Business owners are looking forward to the IOT as a great opportunity to get deeper insights into consumer psychology and the process of buying. It is basically a network of physical devices, digital machines and other objects that allows for a smooth transfer of data over the network without any real time interaction. For example, Nest, a smart thermostat studies your family routines and adjust the temperature based on it when you are even away. With IOT, users sitting far from home can manage their homes through the Internet. August smart lock is another example that displays the effectiveness of IOT, you don’t need real time keys anymore, all the control to your door lies on your phone.