January 13, 2020
Technology is evolving faster than ever before. Companies are at risk of being left behind and disrupted by those who understand key trends and who are also prepared for the revolution of new technology. Understanding key trends will unlock opportunities for businesses and help them stay ahead against competition.
Over the last decade, technology has dramatically transformed and the world is becoming more advanced than ever before. 2innov8 is constantly exploring technologies that can help grow businesses and keep pushing the boundaries, here are the technology trends you should be looking at this year.
5G data network
Faster internet? … finally! The 5th generation of mobile internet connectivity is going to give us super-fast download and upload speeds and more stable connections. 5G is already available now, however, this year 2020 is likely to be the year when 5G really starts to fly. 5G is mostly still expensive and limited to functioning in confined areas or major cities, however this year this is looking to change.
Companies must consider the business implications of having super-fast and stable internet anywhere will have. 5G will increase the bandwidth which enable machines, robots, and autonomous vehicles to collect and transfer more data than ever, leading to advances in IoT. (Internet of things)
AI is already improving customer experience and streamlining into business operations. This is going to continue for 2020 and people will increasingly become used to working alongside AIs, designing and deploying our own AI-based systems will remain expensive propostion for most businesses. Because of this, many AI applications will continue to be done through providers of as-a-service platforms which will allow us to simply feed our own data and pay for algorithms/resources as we use them.
These platforms are currently used by the likes of Google and Amazon. This year we will see a wider adoption of providers that will be offering more tailored applications and services, this will mean companies will no longer have any excuses as to why they are not using AI.
Whilst we are not in a position where we can expect to routinely travel in, or see autonomous vehicles this year, they will they will undoubtedly continue to generate a significant amount of excitement. It won’t just be cars - trucking and shipping are becoming more autonomous, and breakthroughs in this space are likely to continue to hit the headlines.
Personalised and predictive medicine
The healthcare is currently transforming at an unprecedented rate. Our ability to capture data from wearable devices such as smartwatches will give us the ability to increasingly predict and treat health issues in people even before they experience any symptoms.
Thanks to a data-driven understanding of how effective they are likely to be for a specific patient, will see a much more personalised approach for treatments, referred to as precision medicine which allows doctors to more precisely prescribe medicines and apply treatments
Throughout 2020 we will see new applications of predictive healthcare and the introduction of more personalized and effective treatments to ensure better outcomes for individual patients.
In computer terms, “vision” involves systems that are able to identify items, places, objects or people from visual images – those collected by a camera or sensor. It’s this technology that allows your smartphone camera to recognise which part of the image it's capturing is a face, and powers technology such as Google Image Search.
As we move through 2020, we’re going to see computer vision equipped tools and technology rolled out for an ever-increasing number of uses. It’s fundamental to the way autonomous cars will “see” and navigate their way around danger. Production lines will employ computer vision cameras to watch for defective products or equipment failures, and security cameras will be able to alert us to anything out of the ordinary, without requiring 24/7 monitoring.
Computer vision is also enabling face recognition, which we will hear a lot about in 2020. We have already seen how useful the technology is in controlling access to our smartphones in the case of Apple's FaceID and how Dubai airport uses it to provide a smoother customer journey. However, as the use cases will grow in 2020, we will also have more debates about limiting the use of this technology because of its potential to erode privacy and enable 'Big Brother'-like state control.
Blockchain is a technology spoke about year after year and still most people do not understand what it is or how it will impact them. This is about to change as big companies have invested heavily in Blockchain over the past year which means if this works it could quickly lead to an increase in adoption by the small players too.
Extended Reality (XR) is a term that covers several new and emerging technologies being used to create more immersive digital experiences. This refers to virtual, augmented, and mixed reality. Virtual reality (VR), Augmented reality (AR), Mixed reality (MR) have been around for a few years now but have largely been confined to the world of entertainment.
From 2020 expect all of that to change, as businesses get to grips with the wealth of exciting possibilities offered by both current forms of XR. Virtual and augmented reality will become increasingly prevalent for training and simulation, as well as offering new ways to interact with customers.
2020 is going to be great year of seeing current trends boom and new technologies come to play and create a stir. 2innov8 is always exploring new technologies to buzz about and we are looking forward to working with some of these exciting technologies this year.
*Source: forbes.com, 2020 Forbes Media LLC