In the digital era, there is a lot of opportunities due to technological advancements. Both well-established companies and startups are leveraging the new technologies alike for all their business-related activities. There are several disruptive technologies that bring about changes to business models across industries. These technological advancements drastically influence the decision-making process of businesses. To help businesses across the world comprehend emerging technologies and their impact on their organizations, here we have detailed a few important developments that have the potential to change the way businesses will function in the coming years.
Artificial Intelligence is everywhere
Artificial Intelligence aka AI is ubiquitous! Well, this technology is present in almost all the devices, machines, processes, and applications that we use. The integration of Artificial Intelligence makes these more powerful, easier to use, and more varied. With this tech, it is now quite easier and simpler for program developers to integrate AI capabilities into their software and applications sans the necessity to manipulate the same heavily.
This movement is described as ‘democratized AI’ and even big players in the field of technology such as Google, Microsoft, Amazon, and IBM are also betting big on the use of Artificial Intelligence. These companies are betting big on democratized AI as it will make it much easier for software developers to gain access to powerful and efficient machine learning algorithms via cloud-based technologies. Eventually, this will lead to many AI technologies within the software.
While the increasing dependence on AI and its ethical use has paved the way to a host of unsolvable questions, there are several ways that it can be used to improve all walks of our lives. Undoubtedly, AI is becoming more important right now.
Voice commands make everything simple
Voice technology has seen never-before progress in recent years and has redefined the way we get work done. It helps us interact with machines and software with just our voice. When it comes to businesses, voice technology has led to what is termed voice economy. It is an all-new economy of branding, marketing, and consumer engagement. Communication via voice is natural and the rise of voice-powered devices keeps everything ready in the background.
When there is a voice command that is issued, the software retrieves the necessary information that is needed to execute the tasks. Apparently, it makes it easier for consumers to engage with a wide range of products as well as services in an enjoyable and seamless way.
The popularity of voice technology has given rise to personal voice assistants including Google Home and Amazon Alexa. While these devices are available across the world, there are some western countries where these are used in every household. Taking this technology to the next level, companies have started bringing in natural language processing to this aspect, which uses AI to enable the machine process human speech.
With recent innovations and progress, Google’s voice assistant can make phone calls to human operators and get a table reserved at your favorite restaurant or anything of that sort. And, the person on the other end will get the task done without actually realizing that they had been talking to software. This activity makes it clear that the voice assistants have an interesting future with further developments in the same driving the voice economy and taking it to great heights.
Web 3.0 is all about internet
Web 3.0 is the next iteration of the web or the internet. It uses technology to capitalize on propelling the internet and taking it away from keywords. It aims to enable smarter search with the help of Artificial Intelligence. Currently, the most popular results require search terms, but there is no assurance that these results meet the requirements of users. With Web 3.0 that integrates AI, it is possible to filter the irrelevant information to get personal and required sets of results.
Notably, the Internet of Things (IoT) plays a vital role in enabling Web 3.0. In the future, the search will be possible only with mass connectivity and that’s the reason for improved data storage solutions and 5G connectivity. With Web 3.0, everything that is trending now will be tied together such as spatial computing, voice interaction and more for better user experience.
Edge Computing shakes up everything
Edge computing transforms the traditional topology of computer networks. When it comes to edge computing, the ability to process information is placed close to the information’s source. This effort actually reduces the delay in the network. As IoT is one of the hottest tech trends right now, edge computing uses it as the main function. It facilitates better connectivity even to remote devices and powers IoT networks that are distributed in an efficient manner.
As we get into the future, the use of edge devices and the functionality of the same will increase. In addition to an increase in the number of edge devices, there will be other additions such as advanced computing AI, sensing, storage, and analytical power. Data processing is one area where edge computing will bring about a drastic change. Moreover, experts across the world are bullish that edge computing will be capable of tackling the effects of data explosion due to the rise of genomics.
Quantum Computing is a disruptive trend
Lastly, we will see about quantum computing, which is a disruptive trend. Though technology is yet to advance, it provides an unparalleled scope to the way information is processed. There are unprecedented levels of computing power due to quantum and it is touted to have the potential to improve our devices to a great extent.
With improved quantum computers, the network latency issues that we face today will be a thing of the past. Quantum computers will become quite varied in terms of power and capacity. We can expect to see the deployment of quantum in commercial computers too in the near future. However, only a clear understanding of this technology will help businesses in the years to come as they will have to figure out ways to deal with huge amounts of data.