Future Tech Trends – Technologies Expected to Play Crucial Role in Business Growth

access_time July 18, 2019
by   TechmavenitAdmin
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Technology is advancing at a rapid rate, producing new, exciting and innovative solutions for industries and humans alike. These technologies leave their imprint in every sector and drive the growth of businesses and help in the uplift of human society. Major technologies like artificial intelligence and machine learning are expected to be embedded in to every sphere of our human activity. These together with conversational systems promise an intelligent future and takes modern day processes to new and exciting heights. Let us now look at the major technologies that are set to define human progress, moving forward. Artificial Intelligence & Machine Learning Artificial intelligence and machine learning, which also include technologies such as deep learning, neural networks and natural language processing, are now ingrained in everything we do. The advent of more advanced algorithms, large-volume data sets and extensive processing power that can understand, learn, adapt and operate autonomously has helped improve the momentum. Artificial intelligence has become a standard among customer expectations and is not merely considered an ad – on convenience anymore. Banks are able to improve productivity at all levels by using robots to do mundane jobs and use human resources to perform more creative functions. Using facial recognition technology banks are able to detect fraudsters and prevent scams and other fraudulent transactions. Conversational Systems We are soon coming to a system where users will increasingly use conversational systems such as speaking to a computer instead of typing in a search box to gather information. Newer digital systems like chatbots enable it to interact with consumers and answer their queries 24×7. These conversational systems facilitate people-to-people, people –to-systems and systems-to –systems interactions. The Internet of Things The internet of things, also known as IoT, refers to a system of interrelated physical devices or other connected devices like cellphones, washing machines, buildings, refrigerators etc that are embedded with electronic sensors to enable them to collect and exchange data over a network without a human –to- human or human-to-computer interaction. The IoT extends internet connectivity beyond traditional devices like desktop and laptop computers, smartphones, tablets etc to a diverse range of devices and everyday things that utilize embedded technology to communicate and interact via the internet. These provide individuals and businesses with crucial, actionable data that benefits everyone involved. Intelligent Things An intelligent device may be referred to as any instrument, equipment or machine that has its own computing capability and interacts more naturally with their surroundings and with people. Moreover, as computing technology becomes more advanced, it can be built in to any kind of device such as in drones, cars, medical instruments, home appliances etc Intelligent Apps Intelligent apps that leverage artificial intelligence and machine learning has the potential to transform workplaces all over the world and makes workers more efficient and effective. According to a study by Gartner, most of the world’s 200 biggest companies will exploit intelligent apps and utilize the full toolkit of big data and analytics tools to refine their offers and improve customer experience by the year 2018. Google Now, Siri, Cortana, Alexa etc are all aimed to make lives easier by putting information at your fingertips. They use voice recognition algorithms to allow you to verbally ask for information and receive it through a machine response. Cyber security The coming years will witness a dramatic jump in security strategies to help uncover and counter the growing efforts of hackers to steal valuable data. Cyber security efforts will have a prominent place and everyone intend on protecting their valuable data will opt for having cyber security technology measures in place.

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