Around the world, a huge digital revolution is taking place. Technological advances have increased agility, innovation, and market development.
The Covid-19 pandemic has advanced digitalization and automation,
making businesse to adapt to new reality of allaround lockdown.
Many companies that were far away from the forefron of progress before started to apply new technologies to their everyday work in order to survive the crisis.
But what is more important that this process won’t stop with the end of the pandemic. People alredy got used to receive high tech services and the digital transformation of all businesses can only continue.
Let’s take a closer look at a few recent technological advances so that everyone understands what to look for, embrace, and bring with them.
1. Artificial Intelligence (AI)
Over the past decade, artificial intelligence has received a lot of attention. Because its enormous effects on how we work, play, and live are still in its infancy, it remains one of the most important new technological breakthroughs.
Image and voice recognition, personal voice assistants, ride-sharing apps, navigation apps, and a variety of other applications have all benefited from AI.
Artificial Intelligence is also used to study interactions to uncover previously undiscovered connections and evaluate facility demand in real-time to manage resources and find dynamic trends among customers. For example, the iGaming sector uses it for this purpose. As Exycasinos experts confirm, gambling platforms apply AI to watch and analyze their client’s behaviour. With the help of this data casino authorities set up their games to earn more.
Machine Learning, a subset of AI, is being utilized in various sectors, resulting in a rise in the need for skilled workers.
2. Internet of Behaviors (IoB)
If you already know what Internet of Things (IoT) is, so you might also know that it includes the Internet of Behavior.
People speak about the Internet of Things (IoT) in refence to influencing behavior via information and insights. It serves a great role for IoB.
With IoB, businesses will be able to track consumer behavior and utilize IoB to improve their respective channels. A health-tracking app, for example, may gather data on your physical activity routine, food, sleep, and other behaviors.
This data may be utilized to promote further behavioral change, such as via the creation of customized health plans.
3. 5G and Enhanced Connectivity
More than just loading websites faster and waiting less time for YouTube videos to load, a faster and more reliable internet means more. Each improvement in mobile connection, starting with 3G, has opened up new internet use cases.
3G allowed internet access and data-driven services on mobile devices as bandwidths increased; 4G permitted the growth in number of streaming video and music platforms; and 5G will do the same.
Networks that utilize cutting-edge technology, such as augmented reality and virtual reality, are referred to as 5G.
They also pose a threat to cable and fiber-based networks by requiring individuals to be tied to a certain location.
In short, 5G and other sophisticated, high-speed networks provide access to all of the other developments we’ve covered at any time and from any place.
Complex machine learning systems with real-time access to Big Data sources may be automated and deployed in the field.
Another recent popular technological trend is blockchain. Many individuals mistakenly think that Blockchain is only about cryptocurrency, which is incorrect.
Bitcoin and other cryptocurrencies are just a small component of the larger Blockchain technology. It utilizes a variety of sectors, including healthcare, advertising, logistics, and supply chain, and so on, in addition to cryptocurrencies.
It’s a system that keeps records of any transaction not in one place but in a wide network of computers. It’s impossible to fake this records.
Various companies are looking for Blockchain platforms to help them develop top-level company strategies, which is propelling the blockchain industry forward.
The level of security and transparency provided by blockchain is the main reason for its meteoric increase in popularity.
5. Edge Computing
Edge computing is a relatively new technology that guarantees minimal latency and fast data processing speeds. Edge computing brings calculations closer to data storage systems, resulting in better application performance.
The high bandwidth costs of cloud platforms may serve as an incentive for edge computing adoption.
The technology seeks to execute fewer tasks on the cloud and move them to the user’s PC or an edge server instead.
Long-distance communication between the server and the client is eliminated when the gap between data and calculation is bridged, resulting in faster processing.
Thus, edge computing was developed to deal with time-sensitive data stored in distant locations with limited access to the central site. The technology might be useful in IoT applications and cloud computing.