New technologies are being introduced everyday across all industries due to the growth of Information Technology Industry. IT industry’s growth directly and indirectly influence many businesses of various domains by increasing their efficiency and productivity through various means. As technology evolves, it enables even faster change and progress, causing an acceleration of the rate of change, until eventually it will become exponential.
Below are some of the advanced technologies that are going to spread over all fields:
Robotic Process Automation: Many businesses have started to use Robotic Process Automation for most of the repetitive processes in their business operations. Robotic Process Automation technology is used in various technologies like process automation, IT and management support and in automated assistant. As RPA brings more technologically-advanced solutions to businesses around the world, operating models that adopt automation, whether in-house or offshored, will cut costs, drive efficiency and improve quality.
Machine Learning: Machine learning is an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. The process of learning begins with observations or data, such as examples, direct experience, or instruction, in order to look for patterns in data and make better decisions in the future based on the examples that we provide. Machine learning is already in use in our everyday lives like Virtual Personal Assistants; traffic and transport predictions; video surveillance; social media services like face recognitions, people you may know, similar posts, etc.; Email span and malware filtering; Search Engine result filtering; Product recommendations; Online fraud detections, etc.
Artificial Intelligence: Artificial intelligence is the simulation of human intelligence processes by machines, especially through the computer systems. These processes include learning, reasoning and self-correction. Some of the applications of AI include expert systems, Virtual Agent, Deep learning platforms, Biometrics, speech recognition, Robotics, etc. Artificial Intelligence is advancing dramatically and is already transforming our world socially, economically and politically.
Internet of Things: Internet of Things has gained the momentum and is now silently shaping our future. Internet of Things is the result of mankind’s curiosity and intention to lead a convenient and connected lifestyle, reducing labor and eliminating the chances of human errors. By making the devices connected to each other and the internet, we’ve let them collect and communicate data and take precise and informed decisions through Machine Learning and neural networks. Internet of Things has many uses and they are used in smart cities, Smart homes, IOT retail shops, Energy management, Wearables, Connected cars, IOT in various other fields like agriculture, healthcare, etc.
Virtual Reality and Augmented Reality: Augmented reality and virtual reality have evolved the meaning of visual communication. It is now possible for us to create our own reality out of the current environment by augmenting the surroundings using our phone camera, smart glasses, and even helmets. Such impactful visuals can completely change the course of gaming, entertainment and travel communications.
Blockchain: Blockchain is so much more than just the technology behind cryptocurrencies. A digital account book of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Blockchain can add value in so many ways to the way in which we currently go about our lives and do business. Blockchain can be used in Payment processing and money transfers; Monitoring supply chains; Digital Identifications; Data Sharing; Copyright & Royalty Protection; Digital Voting; Data Backup; Recordkeeping; Equity trading; Managing Internet of Things, etc.
Although it might take time for many of the technologies to get integrate in businesses, in time many might set their goals towards them so that they could enhance themselves and be in trend with the current market and technology.
