Over the past few decades, the time has been incredible to be alive. Science, innovation and technology are moving in parallel to accelerate human progress in a great way. Undoubtedly, the era was a turning point for many technological advancements. But still, we are constantly heading towards a more exciting digital future.
Many vague digital trends and technological transformations that once were dreamt of, appear to turn into a reality soon. Some trends might be fugitive while some are here to stay for long and become mainstream technologies for the future such as Artificial Intelligence (AI), Big Data, Advanced Data Analytics, Automation and rest. We anticipate them to revolutionize the world we live in.
Without further ado, let’s discover the 5 emerging technology trends to watch out for in 2020.
1. IoE Will Take the Lead
The term “Internet of Things” generally called as IoT, refers to the physical devices that are able to connect and exchange data. IoT has been the talk of the town for the last several years. It is very clear that IoT is currently taking over everything related to every aspect of human life, such as home appliances, smart devices, smart cars, savvy gadgets, smart cities, etc. are all the next big thing. It is yet not enough to say that IoT has done something as we believe that it has just started and the “Internet of Things” is moving forward to the “Internet of Everything (IoE)”. IoE is said to be the superset of IoT.
As per a technology report by Gartner Inc, it forecasts that the number of IoT devices that were 8.4 billion in use worldwide in 2017 is expected to reach 20.4 billion by 2020. So, without a doubt, we can say that IoE will be everywhere and society will become increasingly technology-driven.
2. Blockchain & Cryptocurrencies are Here to Stay
Blockchain is growing at a pivotal rate in the financial markets and is ready to take a significant place in the list of top tech trends of 2020. Blockchain innovation is certainly digging in for the long haul. It can be seen in a bunch of companies at this moment, but we are expected to see its mass adoption in most of the businesses by 2020.
Cryptocurrency is an essential component of Blockchain technology, will likewise be molded in different forms and would sail in the financial markets just like fiat currencies. All in all, it will become a part of our everyday transactions.
3. Artificial Intelligence & Machine Learning – A Powerful Combination
Artificial Intelligence (AI) has consistently been a dominant technology trend for quite a long time and has yet a lot to discover. AI refers to a PC that can really think for itself without being customized by people to do as such. It works phenomenally when combined with machine learning, which is considered as a subset of AI.
Seamless benefits and precision in results supported by AI & machine learning combination have made the companies to use this digital transformation for delivering the best customer experiences. Chatbots are a good example of AI, while for ML, the self-learning assistants Siri, Cortana, and Google Assistant.
Amazon has presented a cutting edge cashier-less retail outlet called AMAZON GO. This one of its kind retail web-based business has reported that it has a plan of opening 3000 AMAZON GO store by 2021.
4. A Wireless 5G = A Faster World
The future of digital transformation belongs to an upgraded technology 5G. By the year 2020, we will be embracing 5G technology with faster processing and wireless internet connection. It is predicted that 5G will enable to bring the world closer and help to communicate in a much faster way.
With multiple advantages such as high internet speed, lower inactivity, and fast processing; 5G will find its place very soon in the market. This will not only be a significant future tech trend in 2020 but even beyond.
Moreover, the benefits of 5G are two-fold. In addition to the fact that it would enhance the user experience by offering higher data rates when we talk by VR or AR, however, it will likewise be a safe & secure network, which is the place where latency point comes in.
In any case, exactly how fast would 5G be? Surprisingly, it is predicted that when it takes 26 hours for a movie to download in a 3G, in 5G the time would lessen to 3.6 seconds.
5. Automation Will be Everywhere You Look
Automation is one of the most awaited technologies of 2020. Along with technologies like big data, cloud computing, AR, AI, and robotics, there is a drastic need to automate the processes. Currently, the concept is comprehensively implemented in most of the Software Enterprises, Banking, Manufacturing, Food & Beverages, Customer Service and much more. Automation will be everywhere we see – to bring in convenience, quality, safety, and profitability. This technological advancement is expected to rise when 2020 hits our doors.
A Digital Future Indeed
Before shifting our thoughts on paper, we sneak a peek at the year 2019 from our digital window. We assume more mature technological trends and transformations to come forward and become a center of attention for the companies in 2020. Additionally, these technological trends will be leveraging more possibilities for digital success and growth in the years to come ahead. P.S: This list is open to your insights & suggestions.