Technology is evolving at a massive pace around the world. Most of our human lives function around technology so it is important that we stay abreast of the changes in order to adapt to them. Technology advancement is the key factor that leads to innovation, mobility, and expansion of markets.
The advent of covid-19 has made digitization all the more important as companies work remotely, transform their business models, and increased the use of technology.
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The digital phase is here to stay and most companies continue to operate digitally as the pandemic has not completely gone away. Technology will continually impact our lives and the way we work, opening up the business world to unprecedented possibilities.
It is crucial for everyone to stay updated on the emerging technological trends as it will help them in shaping their career and growing their businesses. Knowing the upcoming trends, you will know what skills you have to gain to secure your place in the future technology-driven world that is evolving at a rapid pace.
With that said, here are the 7 best technology updates that you should know and attempt to understand to ensure that you do not lag behind as function in a rapidly evolving technological world.
Latest 7 Technology Updates:
1) Artificial Intelligence (AI)
Artificial intelligence is a term that amassed a lot of popularity over the past many years. Knowingly and unknowingly, it has become a part of our daily lives and continues to hold its position as the prominent and continuously evolving technology, impacting and improving the lives of people in every manner be it their work, play, or other regular activities. The AI market is expected to exhibit robust growth in the coming years and become a 190 billion dollars industry by 2025. All major companies around the globe are utilizing this technology for improving their work and giving the best experience to the customers. The speech or face recognition feature, navigation maps, carpooling apps, or the personal assistant on your smartphone, it is all one way or the other is attributed to artificial intelligence.
2) Edge Computing
Edge computing is another emerging technology that enables high-speed data processing with low latency. The demand for edge computing is rapidly increasing as more and more companies are making use of digital solutions for transferring and safeguarding their data. Edge computing computes data in a manner similar to data storage systems, which also helps improve the performance of the business application. Another reason why start-ups and businesses are opting for edge computing is the high bandwidth cost of cloud platforms. Edge Computing is curated to simplify big data issues in a manner that it bypasses the latency caused by Cloud Computing and transfers the data to the data center for further processing. Therefore, technologies like cloud computing and IoT (Internet of Things) can also benefit from the application of Edge Computing.
3) Robotic Process Automation (RPA)
RPA is a technology that aids in executing the automated activities of the business, and especially the tasks that are repetitive in nature. It works the same as Artificial Intelligence and Machine Learning and helps with interpreting applications, managing data, processing transactions, responding to emails, etc. This technology is threatening around 9 percent of the workforce around the world while creating new job opportunities for future workers. RPA offers a number of career opportunities for candidates such as business analysts, developers, project management, solution architect, and those who are willing to understand and adapt to technological changes.
5G is expected to create a great internet revolution after we have experienced the benefits of 3G and 4G such as using the internet, data-driven services, increased bandwidth for streaming videos and music. 5G is only going to amplify the experience by providing enhanced connectivity and the webpages will load faster and less buffering time for streaming videos. 5G means the networks that employ state-of-the-art technologies such as virtual reality and augmented reality. 5G applications are going to be used in factories, surveillance cameras to help improve safety, smart shopping, and smart grid control. So you better keep an eye on this trend.
5) Quantum Computing
Quantum Computing is another notable technological update in 2021 and is a method of computing that utilizes the properties of quantum phenomena for the purpose of data storage and computations. Quantum computing machine uses the principles of quantum theories such as quantum entanglement and superposition for performing computations. This technology is currently been used in the banking, financial, and trading sector as it helps monitor risks and detect frauds. Quantum computing will transform many sectors in the future from healthcare to cryptography.
Cybersecurity is ideally not a technological update but is evolving rapidly at the pace of other emerging technologies. With growing cyber threats and security concerns, there are many hackers attempting to break through even the most stringent security measures. Cybersecurity will continue to be a famous and ever-evolving technology trend since hackers won’t stop and there is a need to adopt high-security preventive measures and defence mechanisms. There are also lucrative career opportunities in this field such as security engineer, ethical hacker, chief security officer, etc.
7) Internet of Behaviour (IoB)
Internet of Things (IoT) has been creating hype for the past decade with enabling data exchange over the internet by use on different devices, home appliances, and cars. Now it has an extended version called the Internet of Behaviour (IoB). IoB makes use of data, inputs, and insights received to interpret and influence the behavior. For instance, the social media app collects the information based on the activities performed on the concerned app, and uses this information for creating related things that would attract the users and influence their behavior. IoB is a cutting-edge technology enabling businesses to market their product and services and influence customer behaviors.
The year 2021 is a year of massive technological developments and all these updates are related and aids each other in one or another way. Understanding the evolving digital trends will give you an edge over the competition and open up opportunities for career prospects and businesses.