2020 has seen a lot of exciting tech innovations. And they all seem to have the same theme; lowering operational costs for businesses. That translates to cheaper and better services for consumers.
Discover the top three IT trends that will shape the industry in 2021.
Artificial Intelligence (AI)
AI development is moving fast, and not everybody is excited about it. People think AI will eliminate millions of jobs through automation. But that is yet to happen. For now, AI is powering navigation apps, smart assistants, ride-sharing apps, and streaming services. It has also been used to recognize images, speech, and make decisions.
The reason for AI’s success is simple. It can work faster and more accurately than humans.
When someone mentions blockchain, cryptocurrency comes to mind. But that is simply the first application of this beautiful technology. The reason why it is popular with cryptos is its transparency and a high level of security.
Blockchain can also work well for supply chain management. It can allow people to track the origin and journey of materials when buying products. On top of that, blockchain can also provide a robust record management platform where businesses can verify orders, receipt products, and track delivery.
Leading device manufacturers are on a mission. They want to communicate directly with your appliance to track user behaviour. While this might look like a privacy breach, consumers are taking up this tech rather well.
Samsung, for example, has already produced a fridge that can connect to the internet. The company will know what you usually consume and when the reserves go down. The idea is to sell this information to other businesses to create more income for themselves in the long run.
That said, it’s worth noting that these technologies need faster connections to work correctly. And that’s where 5G comes in. This wireless communication allows faster connections, which are necessary for scaling these emerging trends.