With rapidly evolving technology, What innovations and developments are anticipated in forthcoming years. Observing and imagining future trends is always fascinating and there is no doubt that the basic idea behind digital transformation will be a fact with innovation growing exponentially.
The IT professionals are upgrading their skills as they are aware that their jobs are going to demand upgraded and additional skill sets in future. People needs to keep themselves up to date with technical advancements. Some of the technology trends which are anticipated to shape the technology sector in 2020 are listed below.
List of Top 10 Technologies Trends
5G is the next major innovation in wireless communication sector, stands for 5th generation cellular network technology. The technology is expected to support 4K video streaming on smartphones over the next decade.
Also, it has applications in autonomous car, faster internet browsing, and lightweight augment reality sunglasses. 5G will allow us to put internet in every truck, toaster, and thermostat.
Moreover, 5G will also adopted in enterprise applications as it supports fast connection, digitization across industries. Owing to several advantages associated with 5G network such as higher speed, efficiency, capacity, and bandwidth it has already set its base in global market.
5G was launched in October 2018 as a 5G Home service by Verizon. It was a fixed broadband replacement in place of mobile service.
In April 2019, South Korea adopted the technology at a large scale. Almost 86,000 base station were installed across the country at that time in which Samsung was the largest supplier, having 53,000 supplies at a time.
Voice Recognition Technology
Voice recognition allows users to perform multiple tasks by inputting commands to Amazon Alexa, Google Home, and other voice recognition smart devices. By using sophisticated algorithms and machine learning, voice recognition technology can quickly complete your allocated tasks.
Edge computing can be defined as an open and distributed IT architecture that enable Internet of Things, mobile computing, and features decentralized processing power. In edge computing, data can be processed by a local server or computer or by the device itself, rather than being transmitted to a data center.
Edge computing is transforming the traditional way to handle, process, and deliver data for millions of devices around the globe. The significant uptake in growth of IoT devices or internet connected device with new innovations which requires real-time computing power is boosting the growth scale of edge-computing.
Evolution of faster networking technologies are also enabling edge computing to accelerate the support for several applications such as AI and robotics, self-driving cars, video processing and analytics, and so on.
Artificial Intelligence and Machine Learning (AI & ML)
Since last few years artificial intelligence is gaining popularity and maintaining its leading position in technology sector. AI mimic human intelligence and perform different tasks such as patterns or speech, image recognition, and decision making.
Artificial intelligence enables users to perform these tasks more accurately and quickly as compared to humans. Artificial intelligence and machine learning help enterprises with valuable insights to improve their competitive landscape, resource allocation, and performance efficiency.
According to Microsoft, early adopters of Artificial Intelligence for business in U.K. are experiencing almost 5% increased efficiency in profitability and quality as compared with those who are still not implemented AI algorithms. Enterprises are anticipated to be obsessed with AI and ML by the end of 2020.
Internet of Things (IOT)
With rising internet penetration people prefer internet as a mode of communication. Internet connect million of people at a single platform and it hardly takes a fraction of second. Internet of Things is gradually establishing its foothold in day to day life and it is expected to be one of the most evolving technologies in coming years.
The technology offers the facility to connect each object to the internet. The IoT development will generate huge demand for advanced skills and technologies which are required in development of IoT platforms.
Currently, almost 50 billon connected devices are available globally, exceeding petabyte of data between them. The number is anticipated to increase rapidly. However, currently, only 1% of IoT data is utilized.
All the IoT related technologies including IoT ecosystem and standards, event stream processing, IoT operating systems, networks, and other advanced technologies are expected to boost the growth of the technology phenomenally.
Analytics plays an integral role in business assessment and development at a global scale. Analytics can not only show your real-time performance but also help in estimating the future trends shaping the future growth. Analytics consists of a huge amount of data processing in order to transform the raw data in a useful form.
To derive insights from large data sets, identify issues, and provide recommendations, analytical tools are needed at a greater extent. Analytics is s stream where AI and Machine Learning have their specific operations and both are important. Analytics is expected to be the perfect use case for several next-generation technologies.
AR/VR technology is gaining momentum global market. Augment reality enhances the environment whereas virtual reality is all about enhancing user experience. These are several public players involved in VR market including Oculus, Samsung, and Google.
Although there are plenty of private and regional players specialized in VR offerings are gaining competitive edge by implementing product innovation. The demand for AR/VR professionals is expected to grow significantly. Getting started in virtual reality does not require any core skills.
You just need to carry forward-thinking approach and have some basic programming skills. However, some employers consider hardware engineer and optics skills sets as an added advantage.
Considering that several emerging technologies including robotics, cloud computing, artificial intelligence, and big data is heading to high-scale growth. Automation is also projected to witness growth at its peak. Several software consulting companies offer automation deployment services to different industries ranging from banking to software providers.
Blockchain technology is anticipated to grow at a tremendous pace in coming years. The technology minimizes the control of central authority by enabling peer-to-peer transactions and eliminates the need of any expensive third-party facility.
Also, it provides history of transactions which can be utilized as an identity without any need for state sanctioned identities. Additionally, it provides security against failure of centralized institutions.
Serverless computing enables the enterprises to design a NoOps IT environment which can be abstracted and automated from underlying infrastructure. It also helps in minimizing operational costs and allow the companies to invest in developing capabilities to add more value. However, the technology is at its initial phase and projected to gain momentum in coming years.