Technology is changing so rapidly that it’s hard to keep up with the latest trends. Things we considered to be surreal and futuristic only a few years ago have now become the new mainstream.
Technology changes at a mind-blowing pace, but the most interesting question is: What will become the next big thing by the end of this year? Keep reading as we are about to present you with the seven most important technologies of 2020.
1. Big Data
Big data is a technology that focuses on massive data libraries that cannot be handled successfully using out-of-age analytics platforms.
Every major business takes advantage of big data analytics because people, machines, and organizations generate too much information on a daily basis. According to the report, 90% of the world’s data was generated within the past two years alone.
If a company wants to make data-driven business decisions, it needs to explore massive information libraries in order to extrapolate meaningful conclusions. This is exactly what makes IT giants such as Google or Facebook so productive – they use big data to analyze users and provide people with relevant content in real-time.
2. Internet of Things
The Internet of Things is a set of devices that are intertwined via the Internet, which gives them the ability to exchange data and provide users with valuable information.
You can use the IoT to control tools and objects remotely, thus maximizing the productivity of any given item. As John Wade wrote in his research for Best Custom Essay, the very best essay writing service UK, approximately 20 billion IoT devices are currently in use worldwide, but the number keeps booming every year. It’s hard to find an industry not affected by the IoT, but we will mention only a few interesting use-cases here:
- Farmers utilize smart devices to control and handle operations automatically.
- The healthcare industry takes advantage of the IoT to monitor patients and customize treatments.
- Marketers exploit this technology to track user behavior and display personalized ads.
- Logistics companies also use the IoT for simpler warehousing and transportation of goods.
3. Chatbots
Every time you visit a website and see a message from a friendly-looking robot, what you are really looking at is chatbot technology. This is one of the most popular tech trends as it already conquered the digital world.
Studies show that 90% of businesses report faster complaint resolution with chatbots. The key advantage of deploying chatbot technology is that you can serve your clients around the clock. This is exactly why everyone seems to be using it – from the best UK essay writing service and the top essay writing services all the way to eCommerce stores and news portals.
Chatbots drive user engagement and make your business available 24/7, but that’s not the only advantage. They also help you cut costs and let the employees focus on other – more substantial – tasks and duties.
4. Blockchain
The blockchain represents a unique data library with no central administrator. The network can be accessed by anyone, which means that everyone can contribute to the collective data ledger. Although most people know it as the driving force behind Bitcoin and other cryptocurrencies, the truth is that blockchain has many other applications.
What makes the blockchain so credible in 2020? We can give you several hints:
- It records and validates each transaction, which makes it safe and secure
- It’s a decentralized system and hackers have a hard time breaching it
- It maximizes transaction speed
- It gives users full control over their accounts
As such, the blockchain is widely used in fields such as finance, eBanking, online security, Internet advertising, and many more. The technology is still in the early stages of development, but it already attracts serious stakeholders from all over the globe.
5. Augmented Reality
Augmented Reality (AR) is nothing but digital support for the existing information you can see in the real world. It words by projecting images, sounds, or other types of information to the real-life situation or image. The technology is expected to win over a billion users worldwide by the end of this year.
What do we use AR for?
Developers use it to add new layers of information and enhance the current version of reality. Such a strategy enriches user experiences and makes content consumption more joyful and/or complete.
Take a look at IKEA Place for example. The mobile app allows customers to try true-to-scale models of IKEA furniture and choose the right product that perfectly suits their homes. AI takes user experience to the whole new level and creates innovative shopping methods.
6. Smart homes
A smart home consists of a set of devices and services that are connected to each other and to the Internet. The network of interconnected devices enables owners to control the entire place remotely and communicate with the system through notifications.
When I decided to write my dissertation, I asked members of the best essay writing service to help me understand the concept of smart homes. They told me that a smart home is based on IoT, thus creating a unique system of mutually supporting devices.
The technology offers users an unprecedented level of convenience and thrills customers from all over the globe. In such circumstances, it’s not surprising to see that the smart home market is expected to grow from $76.6 billion in 2018 to $151.4 billion by 2024.
7. Artificial Intelligence
Artificial Intelligence (AI) is an umbrella term that covers a broad scope of technologies, but all of these systems have one thing in common – they successfully emulate human intelligence. AI is so omnipresent that we cannot even explain its impact in a few lines of text.
According to the report, more than 80% of emerging technologies will have AI foundations by 2021. From simple calculators to advanced machine learning algorithms and space engineering projects, AI can be found everywhere around us.
The Bottom Line
Technology evolves exponentially and it doesn’t look like stopping anytime soon. However, we still need to identify and follow the latest trends because they already make a substantial impact on our daily lives. In this post, we showed you seven future technologies that will be mainstream by the end of 2020. Have you ever had a chance to experiment with some of these technologies?
Author’s bio: Tiffany Harper is a journalist and an experienced writer from New York, USA. The range of her interests is wide: education, career, self-efficacy, traveling, technologies. You can find Tiffany on Twitter if she is not working on research for Dissertation Today.