Any organization that mints high profits makes use of innovative technology available in the industry. It is one of the chief tools that all far-sighted businessmen use to run their business seamlessly. Technology helps enterprises in multiple ways such as streamlining the processes, reducing expenses, and increasing profits. Therefore, running a business just with the traditional methods won’t help generate high revenue. Enterprises must embrace the latest tech trends to hold a firm position in the market. So, let’s discuss the 5 technologies that are going to rule the industry in 2020.
Internet of Things (IoT)
The IoT (Internet of Things) is a network of correlated computing devices and digital machines. It helps in data sharing over a network without human interaction. This technology simplifies our lives to a great extent. Many industries have started to implement the IIOT (Industrial Internet of Things) into their manufacturing facilities, and core processes.
This assures end products with improved quality that offers utmost sophistication to the consumers. Hence, the IIOT is widely being used in diverse industries such as healthcare, manufacturing units, supply chain, logistics, etc. The IoT market is expected to reach more than $200 billion by the end of 2020.
Although blockchain was in use majorly for the cryptocurrency in the initial stage, it has started to gain traction in various industries these days. The major advantage that blockchain offers is that it avoids the involvement of any third-parties between you and your customers. It provides complete transparency, enhanced transactions, and trusted security algorithms.
This innovative technology contains data blocks that are capable of carrying various information. This info is majorly on healthcare records, financial transactions, and voting results. The chain structure, encryption, and digital signature in blockchain make it hard to hack data which makes it a great solution to be safe from fraudulent activities.
Artificial Intelligence and Machine Learning
AI and ML can’t be avoided while talking about innovative technology. Autonomous devices are being developed in every industry in the past few years due to the advantages it renders. These devices are mechanical devices that operate without human interference. The main purpose of building autonomous devices is to gather data, analyze, and imitate human activities.
AI and ML are the most promising technologies that are forecasted to open new horizons. The substantial budding uses of this technology include edge analytics, PaaS, generative adversarial networks, graph analytics, etc.
The humongous data generation paves the way for the requirement of innovative technology with great benefits. The cloud computing software does not suffice the need, hence edge computing was built to replace it. It helps to store a large volume of data and decentralize data controlling procedures. The objective of this tech trend is to attach special sensors and devices to gather data, process, and transfer to the source.
The IoT devices that are edge-driven functions autonomously. Hence, it eliminates the need for a cloud to transfer data. This, in turn, mitigates the issues related to the cloud and the security breaches. The edge computing is expected to reach around 28 billion within the next 5 years.
The autonomous devices are designed for vehicles, robots, and other machines. Whereas human augmentation aims at improving the human body to go beyond the barriers. Its main focus is on exceeding the capabilities of a natural human. VR devices, implants, exoskeletons, eyeglasses, contact lenses, and various external devices and tools serve as physical support.
This enables people to meet everyday challenges by being a replacement for a lost or missing body part. The augmented human is also called Human 2.0 and this technology is found to have tremendous potential. Besides, this technology works closely with biotech and nanotechnology to improve the health and lives of many.
Digital transformation is mandatory for every organization from small to big, to survive in the industry. Adopting innovative technology helps in enhancing the efficiency of the business thereby generating revenue. Hence, if you are worried about whom to contact to adopt a suitable tech trend in your firm, then contact the experts at AI Cyber Solutions in the US. We offer end-to-end service as we value your time and money.
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