8 technology trends that will impact our lives in 2020
Isn’t it surprising to know that, in 2019, global technology spending touched the US$ 3.360 billion market? Robotics, AI, AR / VR, and Big Data are the emerging technologies responsible for 50 percent of global tech growth. The drivers of tech growth on an organizational level include improving sales/marketing efforts, boosting internal operations, picking up business from existing customers and acquiring new customers.
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Top technology trends in 2020 that will impact our lives
Speaking about 2020, the trends will revolve mainly around the extension of existing technology. For example, next year it is anticipated that hyper-automation, which is an extension of automation technology, will become mainstream. Here, in 2020, we discussed those technology trends that will disrupt several industries:
Distributed Cloud :
When someone asks what’s next in cloud computing, the answer always comes in a distributed cloud form. Networking, storage, and computing infrastructure outside the centralized cloud (in a different micro-cloud) is referred to as a distributed grid.
Numerous fields around the globe are required to be optimized. Speaking specifically regarding telecommunications, this technology aims to reduce network and overhead processing at the central cloud. A further important benefit is a decrease in network latency. The industries around the globe are currently creating and storing 10 percent of enterprise-generated data outside a centralized cloud.
5G Network :
It won’t be false to say that the year 2020 will advance the adoption of 5G network across the globe. The US plans to deploy 5G in lower bands by early 2020. One of the telecom giants, Verizon, has already launched this technology in 30 US cities this year. CRTC (Canada Radio-Television and Telecommunications Commission) also plans to auction 3.5 GHz in 2020, which is expected to offer superior speed than 5G service in the US. Talking about Japan, it will accept applications to deploy 5G networks.
Even China isn’t behind in this telecom race. A meeting by MIIT (Ministry of Industry and Information Technology) in December reported that each prefecture-level city of China is expected to have a 5G network by 2020 end. In this global rush to adopt this technology in a more effective manner, consumers are expected to be the real winners.
Cyber-security :
The accelerated technology growth such as drones and the Internet of Things (IoT) has led to data breaches and other cyber threats. As reported by Norton, there were 3800 breaches disclosed publicly in the first half of 2019. The adoption of Internet Protocol Version 6 (IPv6), which is a network layer protocol, will become mainstream next year. The reasons for this include more efficient packet processing, more effective routing, simpler network configuration, and guided data flow.
Google has collaborated with Palo Alto Networks and McAfee to protect Google Cloud, the cloud infrastructure network, in addressing safety initiatives by IT giants. Even BlackBerry is quite worried about risks to security, as it plans to work with the government to offer better protection. The organization had already acquired Cylance, a threat detection service, and a prevention firm in 2019.
Autonomous things :
The world has been curious to know the latest developments from the realm of autonomous vehicles in the last couple of years. Various companies have invested millions, such as Tesla and General Motors, but fruitful returns are yet to come. The introduction of autonomous items such as autonomous robots, AI-powered drones and an IoT based on AI is expected in 2020. The machines will interact with each other to complete a specific task with minimum human intervention.
Hyper-automation:
Hyper-automation, with Robotic Process Automation (RPA) at its heart, is a mix of process mining, Artificial Intelligence, analytics, and other such tools. With this new approach, it is expected that companies will eliminate resource wastage. The systems will become more automated as computers, people, and other tools start to work in synergy. Certain potential benefits include faster project acceleration and more efficient ROI.
AI as a Service:
As the name suggests, Artificial Intelligence (AI) solutions offered by third parties primarily in the form of cloud services are a service (or AIaaS). Without investing too much, companies and individuals can experiment with Artificial Intelligence. Microsoft currently allows its users to concurrently use its Distributed Machine Learning Toolkit to access different Machine Learning applications. Watson Intelligence can be used by the App developers via IBM’s Watson Developer Cloud.
Talking about Google, it lets its corporate clients use its AI-based search interface via Springboard. Other new players are expected to start delivering such services as well to simplify the lives of professionals.
IoT as a Service:
Although it comes with plenty of benefits to incorporate the Internet of Things (IoT) within an enterprise, it can be quite difficult and involves a lot of money. The vendors who deliver IoT as a service offer a solution to these problems. Such services allow organizations to connect their machinery, assets, vehicles and incorporate tags and sensors. Even mid-sized enterprises are now expected to be able to design products that come with IoT value contribution. Simply put, when a service or repair is required the machines will transport the owners. Even the customer support team can be proactive by receiving performance reports from units that they manufacture.
Human Augmentation:
The human body’s modification to improve its capabilities is no longer limited to sci-fi novels and films. A research report published by MarketsandMarkets reported that by 2024, the Human Augmentation Market is expected to reach USD 206.9 billion.
Most of the share should come from wearables. China is expected to become a world leader in this value-added market with the fastest CAGR. Big data analytics, mobile technology and several info-rich communication challenges raised by the internet are the contributing factors for this sector’s growth.
Conclusion:
Mobile apps have become a vital part of more user engagement, and a good mobile strategy through apps will generate more sales to business owners. Through mobile apps, consumer penetration for your business will expand, and consumers will gain good experience, increase revenue, and contribute to your business.
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