The world has been witnessing the fast growth of technology for over a decade now. The rapid growth has been aiding faster progress and change in the working model of all if not most industries. These changes have become exponential and have disrupted the market. Although 2020 was not a desirable year due to COVID-19 and the global lockdown that was imposed, technology was unharmed.
As a matter of fact, technology played a crucial role and was hard at work to mitigate the widespread of the global pandemic and the world witnessed several technological inventions that helped ease the crunch situation. Now, we are almost at the end of the first quarter of 2021 and technology, like always, has been busy evolving and reinventing itself in many ways that can contribute to the welfare of all.
Over the years, industries and business organizations have managed to catch up with the fast growth and evolution of technology and those that could not catch up with the current trends of technology are now either stagnant or lost their spot in the market. Therefore, it is imperative for business enterprises across all industries to keep up with the rapid pace of technology. This is the only way businesses can continue to thrive consistently; therefore, here are a few top tech trends you need to watch out for in 2021.
· Artificial Intelligence and Machine Learning — These two have created quite the buzz in the technology world for more than a decade now and they continue to top the list of tech trends even in 2021. This is largely due to the limitless capabilities and applications of artificial intelligence (AI) and machine learning (ML). Due to their widespread application and diverse compatibility, almost all industries are willingly adopting AI and ML into their process. Whether it is production line or cloud based-services, AI and ML are versatile across the entire range of usages.
· Robotic Process Automation — Similar to AI and ML, robotic process automation (RPA) is yet another technological wing that is quickly automating jobs. Robotic process automation can be defined as the use of software applications to automate business processes such as interpreting applications, dealing with data, processing transactions, and replying to emails. Just like AI and ML, RPA is also used to automate repetitive tasks that are otherwise executed by people. In the IT sector, RPA offers plenty of career opportunities as well.
· Edge Computing — Cloud computing has become mainstream for a while now and all if not most industries and companies are using cloud computing as a primary computing solution. However, there is an increase in the data that needs to be processed daily and this is where cloud computing falls short as it struggles to process large amounts of data. This is where Edge computing comes into play as it can handle large amounts of data at ease, making it a top tech trend to watch out for in the current scenario.
· Quantum Computing — This is perhaps the next big thing in technology as it is a form of computing that uses quantum phenomena such as quantum entanglement and superposition. Quantum computing has been instrumental in the prevention of the widespread of COVID-19 and in developing potential vaccinations. It also has an amazing ability to effortlessly query, analyze, monitor, and act on data regardless of the source. Quantum computing is gaining popularity in the banking and finance industry as it can detect and manage credit risk and high-risk fraud detection.
· Virtual, Augmented, and Extended Reality — These technological innovations provide an immersive experience of the reality of various aspects through hi-end simulation programs. Virtual reality (VR), augmented reality (AR), and extended reality (ER) are gaining more popularity in training centers, museums, hospitals for surgery practice, entertainment and gaming centers, and even rehabilitation centers. This technology is so precise that the US government is using this technological wing to train the ship captains of their Army, Navy and Coast Guard.
As industries are grappling with the effects and fallout of the global pandemic, mass adoption of technology is being witnessed. Technology was already reshaping the industries and their workforce, and now with the new norm of the post-pandemic era, another wave of reshaping is underway. Many industries and business organizations have been able to make the transition, while many others are struggling and some have even failed. This is largely because of the lack of awareness of the latest trends and the trajectory of technology.
Therefore, it is highly recommended to read, learn, and adopt the latest trends in technology to continue to thrive in your respective industries and market. We live in an era where change is the only constant and all the businesses regardless of the industry they belong to, need to anticipate and be ready for change.
Technology is not going to stop growing or evolving, so there is no reason for businesses to remain the same.
