We are a part of the 4th Industrial Revolution, and technology is evolving faster than ever. We will look at the work that industry analysts have done to unveil the recent technological developments we will watch out for in 2021.
Rapidly changing consumer trends, safety concerns, the ethical use of artificial intelligence, and the growing impact of climate change encourage companies to integrate systemic risk in their long-term planning.
The 2020 Covid-19 pandemic has helped us all familiarize ourselves with uncertainty. It also showed us the importance of some technologies, which we thought were more developed than they are. It is the case with artificial intelligence and machine learning.
5 Recent Technological Developments For 2021
5G
5G is one of the recent technological developments that have come out in the past few years. The 5th generation will revolutionize the B2B eCommerce industry, B2C industry, online stores, gaming, and streaming industry by giving them super-fast internet connectivity.
Where 3G and 4G technologies have allowed us to browse the internet, use browsing services, increase bandwidth for streaming on Spotify or YouTube, 5G services are expected to revolutionize our lives, by enabling services that are based on advanced technologies like virtual or augmented reality (learn about augmented reality in a nutshell), alongside cloud gaming services like Google Stadia, NVidia GeForce Now and many more.
Almost all telecom companies are working on building 5G applications. 5G services are slated to launch worldwide in 2021, with more than 50 carriers offering services in around 30 countries by the end of the year, making it a big tech trend to be watched. attentive.
Artificial intelligence (AI) and machine learning
Artificial intelligence has already done a lot of attention during this decade but continues to be among the Recent Technological Developments: Its significant impact on the way we live, work, and entertain ourselves are still in their beginnings. AI is already known for its superiority in image and voice recognition, navigation apps, personal assistants for smartphones, ridesharing apps, and more
The forecasts
Boosted by 5G, the artificial intelligence market will reach $ 190 billion by 2025, and global spending on cognitive systems will reach more than $ 57 billion in 2021.
With AI spreading to all industries, new jobs will be created in development, programming, testing, support, and maintenance, to name a few.
Machine learning, the by-product of AI, is also deployed in all kinds of industries, especially in robots, data analysis …
Automation of robotic processes
As AI and machine learning, robotic process automation is another technology that automates tasks.
It is about using software to automate work processes such as transaction processing, data processing, and even responding to emails. This technology automates the repetitive tasks that people used to do.
Responsible for the loss of many jobs, this technology will create new ones, especially in development and maintenance.
Internet of Behavior (IoB, Internet of Behavior)
As the COVID-19 protocol monitoring example shows, IoB is all about using data to change behavior. With the increase in technologies that collect the “digital dust” of everyday life (data that spans the digital and physical worlds), this information can be used to influence behavior through feedback loops.
Example
For example, for commercial vehicles, telematics can monitor driving behaviors, from hard braking to aggressive turns. Businesses can then use this data to improve driver performance, routing, and safety.
The ethical and societal implications of IoB depend on the goals and outcomes of individual uses.
The IoB can aggregate, combine, and process data from many sources, including:
- citizen data, processed by the public sector and government bodies
- social media
- the deployment of facial recognition in the public domain
- the location tracking
The increasing sophistication of the technology that processes this data has allowed this trend to develop.
Another example
A smartwatch (which health insurance companies could use to track physical activity to reduce premiums) could also be used to monitor food purchases: too many unhealthy items could increase premiums.
Privacy laws, which vary from country to country, will have a huge impact on the adoption and scale of IoB.
Distributed cloud
A distributed cloud is where cloud services are distributed in different physical locations, but operation and governance remain the responsibility of the cloud provider.
Allowing organizations to have services physically closer to each other allows for low latency and reduced costs. The distributed cloud also helps to comply with laws requiring that certain data must remain in a specific geographic area.
Do you want to stay ahead of your competition? Integrate these new technologies into your strategy today.
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