Five Technology Trends Impacting Business in 2021
Technology today is evolving rapidly, enabling progressive trends and accelerating the rate of change in almost all aspects of the global economy. The impact of the Coronavirus pandemic made a lot of people question their role and impact in the workplace. Most IT professionals, for instance, have realized that their role is changing, following the top trends in technology. This presents the need to constantly learn, unlearn and relearn out of desire or necessity.
With new technologies on the rise, innovation around the application of existing technology is changing the operations of most organizations and how we interact with the world as individuals. At this time, staying current with new technology trends and keeping tracks of possible ones in the future will help organizations to stay relevant in the competitive global market. Today, we highlight five technology trends and how they will impact businesses.
Artificial Intelligence (AI)
Artificial Intelligence refers to the simulation of human intelligence in machines. The goal of artificial intelligence includes learning, reasoning, and perception. AI is used across various industries such as finance and healthcare. AI is already known for its superiority in image and speech recognition, navigation apps, smartphone personal assistants and more. Experts have predicted that all software will use AI in few years. Therefore, to thrive in a competitive market, organizations should take advantage of new trends in AI to create better products or experience for their customers.
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Internet of Things (IoT)
IoT is a promising technology trend that enables devices, home appliances, cars and more to be connected to and exchange data over the internet. Organizations have so much to gain from this new trend as IoT can enable better safety, efficiency and decision making for businesses. It can improve customer service, speed up medical care and track activities.
Blockchain
The rise in digital currency bitcoin and growing investment in cryptocurrency has drawn attention to Blockchain technology. Blockchain technology provides a secure system for recording, verifying transactions and storing records amidst other functions. With Blockchain, you don’t need a trusted third-party to oversee or validate transactions.
Virtual Reality (VR) and Augmented Reality (AR)
This is a fast-growing technology trend. VR immerses the user in an environment while AR enhances their environment. This technology has been used for gaming and training, especially in the force. VR and AR have great potentials in entertainment, education, marketing, tourism, medicine and rehabilitation. Organizations can expect the integration of these technologies into our lives and act ahead.
Robotic Process Automation (RPA)
RPA is another exceptional technology that is automating jobs. RPA is the use of software to automate business processes such as interpreting applications, processing transactions, handling data and responding to emails. RPA automates repetitive tasks normally done by people. With advancements in machine learning and connectivity, automation stays at the top of technology trends. In no time, automation will be the major focus of technological change.
To stay competitive, organizations must take advantage of these fast-growing trends and adopt them into their business operations. It’s crucial to state that these trends offer promising career potential now and in the future.