Research shows that 50 percent of the growth in global technology use is due to emerging innovation. There’s no doubt that technology has moved from being a segment of society to a tool that’s impacting every layer of life.
Here’s a look at the top 10 technology trends you should be on the lookout for.
1. Personalization in Medicine
Technology has created new avenues for healthcare firms to deliver services that create efficiencies.
With the advent of wearables such as Fitbit and Apple Watch, personalization has grown in precision. These devices can generate health-related data for their users that helps forecast issues better.
In some cases, health emergencies have been uncovered through the data these devices generate before they could occur.
The impact of wearables on healthcare has been so significant that insurance firms plan to cease selling traditional policies. Instead, these providers see an outsized opportunity in tracking patients to generate more personalized data that informs their policies.
2. Edge Computing
Edge computing is the computation and storing of data near the device collecting the information instead of a distant, centralized location.
What makes edge computing so valuable is that it helps firms avoid issues associated with storing and outputting data.
When you process the information locally, it shortens the turnaround time. That’s because the amount of data that has to be analyzed in a cloud-based location reduces.
Ultimately, edge computing centers become mini data centers due to low latency. They can effectively process time-sensitive information without requiring connectivity. For technologies that depend on the Internet of Things (IoT), edge computing advances will bring critical gains.
3. The Internet of Things
The Internet of Things (IoT) refers to the emerging technology that’s enabling devices to get connected to the internet. Furthermore, these devices can also connect to one another.
While such technology may seem novel, it has real-world implications. For example, IoT brings a higher level of precision in agriculture that can significantly buoy output. Using connected devices to monitor production, you can forecast prediction needs at a more granular level. This ensures input such as fertilizer and water are used to generate the highest production possible.
4. Artificial Intelligence
Did you know that five out of six Americans today rely on artificial intelligence (AI) daily? That’s no surprise given how AI has taken over functions previously carried on by humans and done them more efficiently.
Some of these functions include using navigation maps and personal assistants on smartphones. The more these services learn, the more they grow. As a result, that feedback loop creates a virtuous circle that only portends more growth for AI use.
5. Augmented Reality
Augmented reality (AR) is a type of innovation enabling you to add digital elements to real life by using visuals. Although AR’s introduction to the general public has been through gaming, there are critical use cases.
For example, healthcare professionals are using AR to reconstruct tumors in real-time. Doing so can help surgeons assess the impact of radiation on a particular case before performing the procedure.
Another everyday example is big-box retailers that are using AR to help sell products. When shoppers want to check out a product, they can use AR to see how it would look like before buying it. That helps such businesses make a case for their products more compellingly.
No matter which way you slice it, AR will continue to offer more use cases that add convenience users will value.
6. Voice Search
Many people nowadays begin their buying journey online with a search. Searching using text has become an entrenched part of life, but recently smart speakers have risen in popularity.
Since many users tend to look up something when in the middle of another activity, using voice to search online is a natural extension.
When users use voice search, it helps them use more conversational terms. These sound more natural and are easy to remember.
Due to this unparalleled convenience, many device makers are now incorporating voice search. Found in everything from smartphones to refrigerators, this technology will eventually come standard.
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The advent of 5G is quite exciting for many people as it potentially translates to higher broadband speeds for everyday use. But this technology goes beyond faster social media loading times. The increase in speed and data volume will also impact other spheres. Devices that can connect on IoT will become more robust, unlocking new use cases and higher value.
Thus, your autonomous vehicle will gain better function due to faster data processing. The capacity to transmit more data will also trigger changes in how television and content is delivered across networks.
When most people think of blockchain, they picture cryptocurrency. However, this technology goes beyond this application to offer the potential for fundamental changes in other areas.
In essence, blockchain refers to technology that enables you to add data to a public ledger, but you can’t take it away. That ‘chain’ of data you create can’t be altered or eliminated.
The most immediate application for this technology is to support transactions that no longer require a third party for verification. Blockchain is still in its infancy, but demand for skilled workers outstrips supply by 14 to 1.
Cybersecurity has been around for a while, so many might struggle to see it as a breakthrough trend. However, each day new technology arises means, new ways for malicious actors to breach security.
With that in mind, cybersecurity is continuously evolving at a breakneck pace. The technology used in offering this service is also changing and providing new use cases for security professionals.
10. Robotic Process Automation
It’s becoming increasingly common for businesses to use robotic process automation (RPA) to hand over jobs to machines. These are repetitive tasks that, when handed over, can release human workers to tackle more complex issues.
Expect this trend to keep up as firms pursue greater efficiency and productivity across the board.
What Are the Top 10 Technology Trends on the Horizon?
Technology is fundamentally altering the way you live and conduct business. To stay ahead of the curve, you must continually investigate the top 10 technology trends and figure out how they relate to your way of life. That way, you uncover critical advantages you can tap to increase productivity.
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