Technology is constantly evolving, and it can be difficult to cope up with the latest trends. We live in an era called the information age. Technology makes life simpler, more advanced and better for everyone. The rate at which technology is evolving is almost exponential today. For any field to find perfection in your work we need technology. Here are some recent trends.
Artificial Intelligence (AI) and Machine Learning (ML)
AI and ML are becoming more prevalent in a wide range of industries, from healthcare and finance to retail and transportation. These technologies are being used to automate repetitive tasks, improve decision-making, and gain insights from data.Organisations are looking to use AI to analyze customer and business interactions to derive insights and identify triggers.
Machine Learning (ML) is a part of AI and uses supervised learning to learn new functions. It has seen a massive surge in demand for skilled professionals, making it an attractive trend to watch.
5G is the fifth generation of mobile networks and it promises to deliver faster speeds and lower latency. This will enable new use cases such as self-driving cars, virtual reality and IoT.
Robotic Process Automation
RPA uses multiple software and applications to automate business processes such as data collection and analysis, customer service and other repetitive tasks managed previously through manual processes.
RPA is a rapidly advancing technology that automates many jobs across different industries. RPA offers several new career options and trajectories such as a programmer, project manager, business analyst or consultant. It also opens doors to high-paying jobs with a moderate learning curve in leading organizations. Choosing this emerging technology as a career move can profit you immensely.
Virtual Reality (VR) and Augmented Reality (AR)
VR and AR are the most famous trends. Virtual Reality immerses the user into a new environment, while Augmented Reality enhances the user’s existing environment. While their applications so far have been majorly linked with gaming and filters on social media, simulation software such as Virtual Ship is also used to train the US Navy, Army and Coast Guard ship captains.
By 2022, AR and VR are expected to integrate into our everyday lives much more deeply than today. They have huge potential and possible applications in training, entertainment, education, marketing and therapy or post-injury rehabilitation. It is also widely used by advertisers and brands to create new immersive experiences for their customers.
Blockchain is used for the security purposes of cryptocurrency and Bitcoin. Blockchain can be defined as data that you can only add to, not take away or alter. It results in many sections of data which form a ‘chain’, hence the name Blockchain.
The fact that existing data cannot be altered or removed makes it a highly secure technology. Blockchains are consensus-driven, which means no single person or organization can take control of the data. There is no need for a third party to oversee transactions.
Internet of Things (IoT)
Multiple devices or ‘things’ today are wifi-enabled, which means they can be connected to the internet. The Internet of Things is a network of diverse connected devices. Devices within the network can communicate with each other, collect data and transfer it across the network without human intervention.
There are hundreds of real-life Internet of Things (IoT) applications - from tracking activity using smart devices that connect to your phone, to remotely monitoring home doors or switching applications on and off. It is predicted that by 2030, over 50 billion devices will be connected via the Internet of Things.
Digital twins are virtual simulations of real-world processes, operations, or products that can be used to test new ideas in a safe digital environment. Designers and engineers are using digital twins to recreate physical objects inside virtual worlds, so they can test under every conceivable condition without the high costs of real-life experiments. In 2023, we’ll see even more digital twins, from factories to machinery to cars to precision healthcare.
After testing in the virtual world, engineers can tweak and edit components, then create them in the real world using 3D printing technology.