Take Advantage of These Technologies Before Your Competitors Do
The world as we knew is a world that exists no longer.
The year 2020 will go down in history as one of the most memorable years, for better or worse.
On the one hand, the global pandemic Covid-19 forced everyone worldwide to hit the pause button. Almost all financial institutions had to be shut down since the virus spread from being in close proximity with other human beings.
But on the other hand, it also encouraged businesses to adapt to the changing times. It reshaped technological trends and the digital ecosystem beyond everyone’s imagination.
Now that both customers and organizations have become familiar with the changes, things can’t go back to how they were before the virus spread. As a result, the next few years are more likely to introduce newer technologies and trends.
What are they going to be? And more importantly, how will they impact your business?
To find answers to these questions, you’ll have to continue reading this blog, where we’ll examine a few emerging technology trends.
5G remains a controversial topic. Even though there’s little evidence that supports their claims, many people still believe that 5G causes adverse health effects in humans and animals.
Be that as it may, the popularity of 5G is only expected to increase in the upcoming years.
Considering the number of organizations that have embraced the work-from-home model, a reliable and fast internet connection has never been more critical.
Gartner, a US IT service management company, predicts that by the year 2023, there will be more than 1 billion active users of 5G. And no, they’re not just talking about telecom companies.
Every industry that uses technology directly or indirectly would have incorporated 5G into their business operations by then.
Ethical Artificial Intelligence (AI)
The concept of using Artificial Intelligence (AI) is a tale as old as time. However, just like 5G, it has also been subjected to severe scrutiny.
While it is true that utilizing this technology can make things easier for businesses, there’s no debating the dark side of it, as shown in many Hollywood films like Avengers: Age of Ultron and Ex Machina.
The thought of providing machines the same consciousness that humans have is terrifying, to say the least. The same goes for granting them access to personal data.
Unfortunately, there’s no Captain America or Black Widow in real life that can save civilians from being attacked by a bunch of robots gone rogue.
That’s why today’s customers and employees demand ethical AI. They’d rather purchase from and work with businesses that have adopted AI responsibly.
Internet Of Behaviors
Internet of Behaviors (IoB) is another term that you’ll hear a lot of in the upcoming years. But don’t confuse it with the Internet of Things (IoT).
The former means using data and technology to change people’s buying behavior, while the latter refers to the physical devices connected to the internet.
Although technology has always influenced people’s behavior, the concept was further cemented in 2020. For instance, government authorities used video monitors to identify whether people were wearing face masks or not.
Similarly, in many countries, sensors were placed so people could observe social distancing.
In case someone was sick and not observing quarantine, their temperature was monitored, and the local law enforcement team was notified immediately.
Experts suggest that in the future, IoB will be used by recreational and insurance companies to prevent forest fires and reckless behavior, respectively.
Virtual, Augmented, Extended, And Mixed Reality (VR, AR, ER, XR)
Between virtual, augmented, extended, and mixed reality, it’s easy to get confused. So, first, you need to learn how they differentiate from one another:
- Virtual Reality (VR): VR refers to an artificial reality that replaces the real world, giving you the impression that you’re in an entirely different place. Examples include VR headsets, such as Oculus Quest or PlayStation VR.
- Augmented Reality (AR): Unlike VR, AR doesn’t entirely change the environment around you. Instead, it adds certain digital elements to the real world. Snapchat filters and the popular mobile game Pokémon Go are a few examples of AR.
- Mixed Reality (MR): As the name suggests, MR combines features of both VR and AR. It hasn’t really been that popular as compared to its counterparts. However, that’s soon changing with Microsoft’s HoloLens.
- Extended Reality (XR): XR is a broad term encompassing all the various technologies that alter our senses, either by adding to the real world or replacing it altogether.
Education, gaming, and transportation are the few industries that heavily rely on this technology.
For many years, playing online games was considered nothing more than a leisure activity. That was until the year 2020, when the majority of people had to observe quarantine.
With traditional leagues coming to an abrupt and indefinite end, sports enthusiasts had to do something to help with their withdrawals. That’s when they turned towards the console and PC games to help with the withdrawals.
The result? The e-sports industry witnessed staggering growth. And it’s not stopping anytime soon. According to experts, the industry will reach $1.5 billion by 2023.
Take Advantages of These Technologies
2021 is the year when businesses are getting back on their feet. They’ve already started looking for ways to get ahead of the competition. Utilizing the latest technology happens to be an effective way to do that.
All the more reason for you to learn about the latest technological developments before they do.
But remember: don’t jump in headfirst. Instead, learn everything you can about the trends and then incorporate them into your business accordingly.
You don’t want to spend thousands of dollars on something you don’t even know how to use correctly.
So, assess your business’s current situation before making huge decisions that will impact it.