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technology trends of 2020

Latest Technology Trends That Will Impact Businesses in 2020

The frantic adaptation rate of new digital technologies around the globe is surprisingly overwhelming. The present digital ecosystem is transitioning from social, mobile, analytics, cloud to distributed ledger and quantum computing. More, digital maturity with new technologies like Blockchain, Artificial Intelligence, and IoT is slowly taking the industry towards a new technological revolution. Here’s a look at these latest technology trends that will help businesses survive the post-digital wave for the new decade of 2020:

5G Technology

A major cloud telephony trend, the fifth generation of mobile communications, is in the spotlight since 4G started giving cellular issues. The ambition behind 5G is to offer much more reduced data costs. How 5G will be an awaited advancement?

  • Enhanced network competency as it will work at high speed while maintaining lower latency
  • Since VR (Virtual Reality) and AR (Augmented Reality) require larger bandwidth to function, 5G will provide that capacity.

“Expect by 2025 to have fewer ‘cars’ on our city roads; Adoption of self-driving vehicles, 5G, robot taxis, and a growing gig economy will combine to change how we see automobiles.”– Sylvain Rochon

Smart VoIP Assistance

Artificial intelligence has automated simple processes like answering calls sooner than it was imagined. With significant advancements in language processing and VoIP, virtual assistants are now capable of interpreting commands better. What does this do? Better customer interaction, and reduced manual intervention.

Blockchain

(The most promising amongst the latest technology trends)

Blockchain will be worth $ 57, 641 Million by the year 2025. The underlying technology that emerged in the form of a public ledger, for keeping a record of all public transactions, has eliminated the need of “central authority”. This alone has given a huge scope of performance, growth and opportunities, all in terms of employment, industrial sustainability, security, innovation and above all justified/transparent growth.

“Blockchain has highlighted a critical aspect of the way data is going to work in the coming decades, and that is a world where data will be ever increasingly distributed. Any solutions for next-generation data problems must come to grips with this fact and plan for a day where critical data is distributed among many geographies and even across on-premise and cloud data centres” – Billy Bosworth, DataStax

Artificial Intelligence

Artificial Intelligence, is another widely acclaimed, adopted and attributed industrial bend amongst the rest of the latest technology trends. This fragmented space already has giants like IBM, Facebook, Microsoft, Google, and other Apple, vouching for it with their own AI monsters. Here are 4 ways AI has impacted the world so far-

  • Bridged language divides
  • Made healthcare more accessible and more affordable
  • Transformed the government- Quicker responses, and Less paperwork= Productive bureaucracy
  • Created new jobs- It might eliminate base roles but will give or has given rise to more engaging and less repetitive roles.

 “By 2030, most social situations will be facilitated by bots — intelligent-seeming programs that interact with us in human-like ways. At home, parents will engage skilled bots to help kids with homework and catalyze dinner conversations. At work, bots will run meetings. A bot confidant will be considered essential for psychological well-being, and we’ll increasingly turn to such companions for advice ranging from what to wear to whom to marry.”– Judith Donath, Harvard University

Internet of Things

The fact that by 2020, there will be more than 21 Billion IoT devices is both surprising and inspiring. The potential is limitless with IoT and its applications are only restricted to the imagination. This advancement of industrial internet accelerated through enhanced network agility will facilitate or even automate many AI applications further reducing manual intervention.

 “Internet of Things is transforming the everyday physical objects that surround us into an ecosystem of information that will enrich our lives. From refrigerators to parking spaces to houses, the Internet of Things is bringing more and more things into the digital fold every day, which will likely make the Internet of Things a multi-trillion dollar industry in the near future.” – PricewaterhouseCoopers

Final Verdict

These are the most promising and looked up the latest technology trends of 2020. All these technologies will take the entire business world by storm in the foreseeable future. This means these are excellent options for business investments and up-gradation. But, one must ensure a proper outline of requirements before investment; if you need assistance, connect with us, and we shall rationalize your need.