The global technology industry will grow to around 5 trillion dollars this year. New products, software, and ideas are created nearly every day. Even amidst privacy concerns, data and technology continue to transform how we live day-to-day.
Interested in what is coming next? Keep reading below for five upcoming technology trends you should definitely know about!
1. Artificial Intelligence
AI or Artificial Intelligence has been on the rise for many years. The year 2020 will be no different, with AI expected to be ingrained with every new product or software.
With increases in power and data, computers now learn about the world around them in a similar fashion to humans. As such, AI robots will continue to cover human tasks in the future.
Expect AI to also be a driving force in more advanced data analytics. This will help businesses make data-informed decisions to become more profitable.
2. 5G Everywhere
Expect to see faster internet speeds expand globally as 5G infrastructure takes off. 5G is designed to handle the huge demand for data across consumers and businesses alike.
One of the biggest improvements with 5G over previous systems is latency or the time for devices to respond to one another over a network. With 5G, times will be as low as 1 millisecond.
This means autonomous cars, drones, and other wireless tech will be able to work more efficiently.
Faster speeds will immensely improve video production capabilities as well.
The digital currency industry has experienced vast highs and lows, but expect to see more and more of it.
The big players currently are Bitcoin, Ethereum, and Ripple. But as more businesses move to accept cryptocurrency, expect others to be created.
It’s expected that digital currency will remain a booming area for technology.
4. Upcoming Technology: Automation
With more advanced robots, cloud computing systems, and AI, expect to see more and more complex automation. Everything from manufacturing to banking already relies on some level of automation.
As more tasks are turned on auto-pilot, safety and quality assurance will drastically improve as human error is removed. Automation will also let businesses become more profitable by cutting down labor costs. If your business is exploring the idea of investing in automation and need the capital necessary to get started, read more on how title loans could help you with seed funding for your enterprise.
5. Neuro-Linguistic Programming (NLP)
While computer AI has reached amazing heights, expect to see Neuro-Linguistic Programming (NLP) be front and center in 2020. NLP refers to computers being able to understand human language at a deeper level.
This means comprehending sarcasm, puns, and so on. NLP advancement also means people will be able to ask computers questions without needing to do it the “right” way. It won’t be necessary to say certain key trigger words for the computer to recognize.
Prepare for the Tech Future
As you can see, there is a lot of exciting upcoming technology. If you’ve ever wanted to get more involved with the field, it is a perfect time. Want to find out even more about tech developments? Be sure to check out the rest of our blog!