In this digitized era, technology is continuously changing and evolving every day, at a very rapid pace. Technology has helped the global workforce to work smarter and efficiently and has helped to boost the productivity of their work at a phenomenal pace.
According to a survey, an average adult invests about 20 hours online in a week. This is twice the time people did 10 years back. The reason behind this sudden increase is the rapid advancements of technology in recent years.
Here is just a brief glimpse of the top ten latest technologies that can help you to boost your business level.
1. ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
· ARTIFICIAL INTELLIGENCE [AI]
According to statistics, the AI market will boost up to $190 billion in the industry by 2025, with global spending on AI systems reaching over $57 billion by 2021. Artificial Intelligence refers to the stimulation of human intelligence in a machine that is specially programmed to mimic human intelligence and exhibit their traits. In order to carry out complex tasks like speech recognition, pattern recognition, medical diagnosis, and many more.
Artificial Intelligence technology has been used in many applications like Uber, video streaming apps like Netflix, voice assistants like Siri, and even in search engines like Google and Bing. It also helps the users to analyze the changing patterns and previous purchases of their clients to enhance the user experience. Banks use artificial intelligence to determine frauds and flag activities related to registered bank accounts. Along with this, it assists users in automating tasks such as traffic, scheduling trains, making business predictions, and designing driverless cars!
According to research, AI automation helps the users to identify ideal customer profits and segments, by scoring leads based on the customers’ behaviour to prioritize their sales. AI is assisting businesses and organizations in the recruitment of new employees in the company. Artificial intelligence applications help users to discover important details, this assists them with undiscovered and minute details which can give them an advantage in the marketplace.
· MACHINE LEARNING [MI]
Machine learning is an application of artificial intelligence, it deals with computer programs that can access data. According to a survey AI, machine learning, and automation will create 16 per cent of U.S. jobs by 2025. The main idea behind the technology is to allow computers to learn automatically without human assistance.
Machine learning is very much useful to solve complex real-world problems. Along with this, it has its advantages in manufacturing industries, to carry out error-free production. Along with this ML is applied to many popular applications like Netflix, Amazon, Facebook, Instagram’s face recognition which is used to identify users in tagged images.
In addition to all this ML helps small businesses to enhance their marketing strategies by allowing them to use data efficiently. ML predicts actions for your organizations, which will automatically make your customer happy and boost your sales.
2. ROBOTIC PROCESS AUTOMATION [RPA]
Robotic process automation is a technology that allows a robot to perform a definite set of instructions. They are capable of interpreting human experience, communicating with other systems to perform many repetitive tasks. RPA robots utilize the user interface to manipulate applications and capture data just like humans. RPA robots perform a ton of error-free tasks with high speed and accuracy.
Similar to AI and Machine learning, Robotic Process Automation is also a trending technology that can automate many jobs in the future. It uses software to process transactions, deals with data, interprets applications, and can even reply to emails.
Bots can work tirelessly the entire day and can even work continuously at night without an employee to assist and activate them. This automatically leads to an increase in productivity when compared with manual work.
When compared with humans, bots are highly trained and accurate at work. They are highly efficient in copying pieces of information, onboarding, and off-boarding employees, creating a copy of data, transferring it from one system to another, and filling forms based on information on another system. Due to robotic process automation, employees can invest their time and efforts to do other kinds of stuff. On the other hand, bots can fill forms and complete data entry work so that employees can focus on high potential clients, projects and will boost your business, in order to make it one of the emerging technologies of IT.
3. Quantum Computing
Quantum computing is one of the emerging trends in IT, which uses quantum phenomena like superposition and quantum entanglement. It uses the quantum state of an object to produce a qubit.
Quantum computing programming is also used to develop vaccines for the coronavirus in order to control the outbreak of the pandemic. It provides excellent assistance in banking and finance applications, it facilitates bank employees by detecting frauds, high-frequency trading, and credit risk. In addition to this, scientists are using quantum computers as they are very much useful to conduct virtual experiments.
Google has announced that its quantum computers are 100 million faster when compared to other computers that are present in their lab. They are very much efficient in solving optimized problems and are very much accurate in scheduling flights on an airport and to determine the best delivery routes.
All this doesn’t mean that classic computers are of no use when compared with quantum computers, classic computers are good at handling email, spreadsheets, and desktop. Quantum computers are exceptional in other fields, but they can’t replace classic computers.
Many companies have already started solving optimization problems using quantum computing in the hope to stay ahead of their competitors. Due to the high speed and accuracy of quantum computers, many companies like Sputnik, Honeywell, Microsoft, AWS, Google, and many others are continuously involved in making innovations in the field of Quantum Computing.
4. Virtual Reality and Augmented Reality
Virtual Reality and Augmented Reality development are some of the new technology trends in 2020. VR completely shifts the environment of the user and transforms reality. The Oculus Rift, HTC Vive, and other devices completely immerse you inside the games. It acts as a blindfold, making your surroundings darker in order to provide a thrilling user experience when turned on.
Augmented Reality (AR) adds digital elements to reality, using the camera on a smartphone or tablet, and even the HoloLens can only project images in a limited area in front of your eyes. It isn’t very immersive and engaging when a hologram disappears from the screen, as soon as it moves out of a rectangle in the middle of your vision. Snapchat lenses, Pokemon Go are some examples of Augmented Reality. While playing Pokemon Go, the game uses your device camera to access and track your surroundings and overlays additional information on the top of the screen.
VR and AR allow customers to immerse themselves in virtual reality, to enhance their experience, and to provide customer satisfaction. This provides marketers to experience robust data, which automatically improves the quality of the product and increases your sales.
Apart from gaming, AR has many applications in other fields too, it is used by surgeons in the medical field to reduce the chances of surgery by improved sensory perception. Along with this, it is highly useful for navigation and educational applications.
Blockchain might seem complicated, but the idea behind it is quite simple. It is a kind of database, which is different from the typical database. It stores the data and information using chains in blocks. Whenever new data arises, it is sent to a new block, once this block is completely occupied, it gets chained onto the previous block.
If you are using blockchain development services, there will not be any need for a trusted third-party to keep a check or validate your transactions. Blockchain development services offer greater transparency by making transactions more transparent by sharing the same documents as opposed to individual copies.
It is very much cost-effective as it doesn’t require a middle man or a third-party to perform transactions. All the transactions are arranged in chronological order and are time stamped. Plus, it uses an append data structure, which ensures that data can only be added and can not be deleted from both ends.
Blockchains are capable of tracking the origin, quality, and transfer of goods. It assures increased transparency and boosts product safety. It safeguards data from tampering and follows an audit trail to assist the organizations.
6. Internet of Things (IoT)
Internet of Things is one of the top technology trends in 2019-20. The term Internet Of Things can be explained as the ability of objects, sensors, and everyday electronic devices to evolve themselves with computing capabilities. The idea behind this technology is to customize these devices to perform their tasks smartly without the need for human intervention. IoT is the future, it facilitates devices to share and upload data by being connected to the internet.
Read Also- How to Develop an IoT Mobile Application?
According to forecasts, there will be 50 billion IoT devices that will be interconnected from smartphones to kitchen appliances, by the year 2030 across the globe. It is expected that new technologies like 5G can lead to the expansion of this technology.
Electronic devices and objects are embedded with built-in sensors, which are connected to an Internet of Things development platform, it fetches and collects data from different devices and applies an algorithm to share the data to their respective addresses. IoT assists companies in modernized business models and smart solutions. It helps in creating powerful use cases, amplifying the return of the investments which will automatically boost your business.
7. Big Data
Big Data is the latest technology trends 2021, it refers to the huge collection of data, which keeps expanding exponentially with time, it can be both structured,semi-structured, and unstructured data. This data has a larger size due to which it gets very complex to handle them, which results in difficulty in managing them by data management tools. Big data facilitates users to make better decisions and strategic business moves.
According to statistics 500+terabytes of new data is uploaded into the databases of social media site Facebook, every day. This data consists mainly of photos, video uploads, messages, comments, tags, etc. The New York Stock Exchange generates about one terabyte of new trade data per day, which is very huge.
Big data development services are highly used in the education sector for dynamic and customized learning. It is also used in government sectors for analyzing new schemes. Along with this, it is used in the transportation industry for route and traffic safety planning. Improved customer service, better operational efficiency, and better decision making are major advantages of big data.
Big Data uses real-time forecasting to monitor your business, to identify the crucial points to influence business as well as the market. Along with this, it identifies the issues in a system to unlock the real potential of the market and reduce potential risks.
8. Intelligent Apps
Intelligent mobile apps are AI-enabled applications that use real-time data from user interactions and other sources which are efficient in giving suggestions and delivering a personalized user experience. They use the power of predictive analytics, operational data merged with cutting-edge development tools to engage the user in unimaginable ways
Some of the latest intelligent apps are Microsoft Contra, Swift Keyboard, Elsa speak, and many more. These applications are Action-oriented, which means the user doesn’t need to assist them in every task, they automatically complete the task by using the power of Predictive Analytics. Along with this, they are highly adaptable, due to which they upgrade their knowledge as per their surroundings. They can be used in the entire infrastructure, plus it is very cost-efficient and offers optimal performance ratio for your organization.
Intelligent apps are one of the tech trends in 2020 and have wide applications in many fields. They are used to facilitate the interactions between patients and doctors in the field of healthcare. Also, they are very useful in locating a restaurant, booking a table, and provides a user-defined experience to the owner and customers.
DevOps is a definite set of practices that collaborates Dev(Software)and Ops(IT) operations, to carry out the organization’s continuous delivery at a higher pace. This is not possible using standard software development and infrastructure.DevOps development services, come complimentary with Agile software, as many of its features are adopted from Agile software.
It is new technology 2021 in computer science, embedded with a feature of continuous integration, which facilitates them to search and recognize the bugs with high speed and accuracy, improves software quality, and releases new software updates. Plus, it has offered Infrastructure as code, by which infrastructure is managed using coding and other software development techniques.
These apps offer high speed to innovate your clients and are highly reliable. They use continuous integration and continuous delivery to assure that every continuous integration is safe. It manages scale to arrange your infrastructure and development processes.
It helps to improve customer experience and employee retention and recruitment, which leads to higher customer satisfaction. High operational productivity along with high accuracy leads towards new business growth.
10. Angular And React JS
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ConsultingWhiz offers one of the best custom software services in the USA and has successfully dealt with many potential clients by assisting them with the latest technologies and varied requirements, essential for boosting your business. We have a team of web developers who have many years of expertise, to keep you updated throughout the software development services to influx your business. Stay in touch with our team, as they will assist you accordingly to cater to your needs, leading you to deliver an impactful digital asset.
Mike is the founder of The ConsultingWhiz, he is expertise in the Software industry and has 12+ years of experience in Mobile App, Custom Software Development & Technologies that support SaaS Based Companies.