Top 5 Technology Trends of 2020
In the fast-paced world today, technology is experiencing changes at an unprecedented rate. As technology evolves, it brings froth newer avenues for everyone from the consumer to the IT industry that develops the tech over time.
Professionals as well as tech enthusiasts have to constantly be updated about what’s trending and what’s not in the industry. This is why ITCube’s experts have compiled a list of top technology trends of 2020 which will dominate the coming year.
Artificial Intelligence
We are only three months into the new decade but we are already seeing some incredible progress in the Artificial Intelligence (AI). Developing computer systems to mimic human-like intelligence to replicate tasks such as facial recognition and decision making has made AI the hottest tech trend in the town! A recent report by NYTimes stated that 5 out of 6 Americans use AI service in some form every day. As the market expands, so will the capabilities of how AI will be used to interact with people. Today, Artificial Intelligence in a host of ways from scheduling appointments to predicting weather and optimizing business costs.
Business Intelligence
“Data is the new Oil” is something that we often hear people say. It is only in the last few years that people have started realizing just how crucial data of anything and in any form is important. Today, Business intelligence is nothing but smart decision making that has been facilitated by data intelligence and visualizations. Often, businesses have a lot of data in various forms and of different departments, but they do not have a way to take advantage of it. This is where ITCube’s Business Intelligence development tool has come in handy, by taking a customer’s disparate data, they can create data sets and then showcase the trends and observations through different visualizations. By offering visualization as a service, ITCube helps decision makers take smarter, more informed decisions thus resulting in a prosperous business!
Machine Learning
Even through Machine Learning (ML) is a part of AI, it has come forward as a technology trend that is picking up rapidly both in terms of usage as well as investment. Leveraging data to understand patterns and develop insights from it has a tremendous potential. 2020 will see a boost in number of people working with subsets of ML such as neutral networks, deep learning and language processing. This year we can see ML interact with customer facing medium through web search, digital ads; with plenty of scope ahead. Industry experts are already predicting the ML industry will be worth more than $8 billion by 2020.
Internet of Things (IoT)
Internet of Things or IoT as it is popular known has been around for a few years. But, businesses have only just begun to truly tap into the possibilities of the technology that is ever improving. Today a lot of products come with a built-in WiFi connectivity so that they can be connected to other devices are be controlled easily. From home appliances to cars, IoT is become a trending technology that can better security, enhance the efficiency and provide key business intelligence through the data that these IoT devices collect.
Blockchain
Contrary to the popular belief, there is a lot more to Blockchain technology than just Bitcoin. What Blockchain technology offers is complete democratized power over the commodities. One can add a block but will not be able to change or take away one thus making it a highly secure technology to build and develop further in 2020. Even though it is still in a nascent phase, as different domains implement blockchain, the demand for it will increase and this is what the industry experts are predicting!
Now that you are fully updated with the top technology trends of 2020, you can start reading more about these trends as the year goes on.
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