Innovations in technology are coming fast. Sometimes it is hard to keep up, but leading tech companies like Google, Facebook, Amazon and Apple have properly invested in the future to stay on the cutting edge.
Their efforts make it possible to predict which tech trends will be leading forces in the near future. There are five main technologies emerging to dominate 2020.
1. The Internet of Things
The Internet of Things refers to a system of home automation that connects all physical objects. IoT creates a seamless transfer of information between appliances, vehicles and other common devices.
Many people already have their hands on products like Google Home and Amazon's Alexa. By next year, the number of IoT devices utilized by the public is expected to reach 30 billion.
2. Cryptocurrency
Cryptocurrency is a digital currency that continues to acquire consumer confidence and grow. The financial market has been transformed by things like Bitcoin, Litecoin and Lumen.
Companies are also adopting these digital coins as a form of acceptable payment at a rapid pace. The market size should only grow in the coming years.
3. Blockchain
Blockchain technology works hand in hand with cryptocurrency, establishing a decentralized record of data for these types of payments. Gartner Report says that $3.1 trillion worth of business value will be generated by blockchain over the next decade.
4. Artificial Intelligence
Many are fascinated by artificial intelligence and a computer's increasing ability to have its own thoughts. AI has made it possible for major companies to improve consumer experience and automize tasks for their employees.
One of the principal examples of AI technology working today are Amazon GO stores. There are expected to be 3000 of these cashier-less retail facilities by 2021.
5. Automation
All of these pre-mentioned tech trends are leading toward greater automation in our world. No matter the industry, top innovators are looking into how to make work more efficient.
The software consulting business are top users of automation. They have used technologies like big data, cloud computing and AI to increase production, safety and quality.
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