Technology is evolving at such a lightning pace that it has become almost impossible to predict the future of technology trends. Over the last decade only, we have witnessed huge levels of innovations that have caused significant changes in multiple industries. We are talking about a dynamic spectrum, where a lot more is expected. We cannot correctly predict the future of technology, but at least we can look at what the immediate future holds based on what we have seen so far. Here are 5 top technology trends to look out for in 2020.
#1. Artificial Intelligence (AI)
AI is receiving widespread attention across many sectors, thanks to how it has been able to impact our lives. There are positive changes in how we work, play, and how we live generally, and we cannot see this trend taking a break anytime soon. Artificial Intelligence refers to computer systems taking the place of humans through performing tasks such as face recognition, decision making, patterns, or speech. AI has managed to undertake these tasks a lot faster and more efficiently than humans.
#2. Machine Learning
As a subset of Artificial Intelligence, Machine Learning enables computers to perform tasks they are not initially programmed to perform. Computers learn through discovering insights and patterns from data either in supervised or unsupervised learning.
Numerous industries are already deploying Machine Learning, which has created a void for skilled professionals. It is projected that the market for Machine Learning will top $8.81 billion by the year 2022. Some of the uses for Machine Learning applications include pattern recognition, data mining, and data analytics.
#3. Robotic Process Automation (RPA)
RPA is similar to AI and Machine Learning in the sense that it is used for automating tasks. It can be defined as the automation of business processes through the use of special software. There is a growing need for business processes like processing transactions, interpreting applications, responding to emails, and dealing with data. To avoid the repetitive tasks previously handled by humans, Robotic Process Automation is used to automate these tasks. While there are concerns about how RPA would render millions of workers jobless, it is believed that there is a large percentage of business processes that cannot be fully automated.
#4. Edge Computing
It was previously viewed as a likely trend to look out for, but edge computing has risen to become mainstream. Currently, the market is dominated by Google Cloud, Amazon Web Services, and Microsoft Azure, but with its adoption rising fast, more businesses keep moving towards cloud solutions.
Edge computing is becoming more relevant to businesses due to the shortcomings realized in cloud computing, as well as the magnitude of data that has been consistently on the increase.
#5. Virtual Reality (VR) and Augmented Reality (AR)
The difference between Virtual Reality and Augmented Reality is that while the former gets the user immersed in an environment, the latter enhances the environment. So far, VR has been used primarily in gaming, but most recently, it is being used in training. For example, the VirtualShip is a simulation tool used for training the U.S Army, Navy, and Coast Guard Ship Captains.
The potential in both VR and AR is enormous as they will be used in the education, marketing, entertainment, and sports sectors.
Other technology trends worth mentioning include Cybersecurity, Internet of Things (IoT), and Blockchain which are slowly finding a way into the mainstream.
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