Technology is transforming and evolving faster than ever. Companies and individuals that don’t keep up, run the risk of being left behind. Understanding the key trends will allow people and businesses to prepare and grasp opportunities.
Artificial Intelligence (AI) is one of the most transformative tech evolutions of our time. AI is mainly used to improve the customer experience and streamline their business operations. Facial recognition, machine learning, smart appliances etc. only mark the beginning of the wonders achievable with the help of AI.
5G mobile data networks became available for the first time in 2019. Right now it is extremely expensive and limited to certain areas but this is likely to change in 2020.
Technology is currently transforming healthcare at an unprecedented rate. Our ability to capture data from wearable devices will give us the ability to increasingly predict and treat health issues in people even before they experience any symptoms.
Blockchain, the underlying technology of everyone’s favourite cryptocurrency. While the future of crypto is often uncertain at times, blockchain is here to stay. Blockchain is essentially a digital ledger used to record transactions but secured due to its encrypted and decentralized nature. Blockchain technology has only been implemented in a few different industries right now, but it’s poised to provide a secure underlying framework to many aspects of our digital lives. It will allow technology to communicate securely, and verifiably, all the while doing a great job of preventing malicious acts during data transfer. It may not have been the star of 2019, but watch it this coming year.
Extended Reality (XR) is a catch-all term that covers several new and emerging technologies being used to create more immersive digital experiences. More specifically, it refers to virtual, augmented, and mixed reality.
Virtual reality (VR) provides a fully digitally immersive experience where you enter a computer-generated world using headsets that blend out the real world.
Augmented reality (AR) overlays digital objects onto the real world via smartphone screens or displays (think Instagram filters).
From 2020 expect all of that to change, as businesses get to grips with the wealth of exciting possibilities offered by both current forms of XR. Virtual and augmented reality will become increasingly prevalent and will offer new ways to interact with customers.