New technologies have always disrupted the industries bringing in revolutionary changes to the way organizations work and function. From time to time, newer technologies have brought a complete paradigm shift streamlining processes, creating more efficient avenues for every business, enterprise, and the human race on the whole.
Technologies That Are Creating Waves In 2020
2020 has been one of the most challenging and unique years, so far when Covid-19 pandemic seemingly paralyzed economies and pressed the world for adopting digitization in full swing, in tough times, technology played a major role in maintaining continuity in the world working sphere and aiding authorities to fasten the healthcare services.
Let us look at top breakthrough technological advancements in 2020, creating a major transformation in human lives.
Digital money and cryptocurrency will change the way the world transacts and make the traditional currencies outdated in a few years. Facebook’s Libra is touted as a global digital currency that can change the face of cryptocurrency. Even though Libra did not launch yet, it triggered several institutions and governments to speed up their digital money development like the People’s Bank of China.
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China can seemingly become the first economy to unveil and use digital money in place of cash. The use of physical money like cash notes and coins is already on the decline with people using cards and payment gateways. Digital currency would remove the need for intermediary payments and be used in the global financial systems widely in the future.
Quantum Computing is the future technology, with Google explicitly proving that Quantum computers are highly efficient and can outcast contemporary machines. These computers can process a massive amount of data and process them in a completely new way. They have the power to process the highly complex and unsolvable problems which even the most efficient supercomputers would not be able to solve in thousands of years.
Quantum computers can bring in innovation in multiple fields and aid in discovering new materials and medicines with the help of understanding molecular codes. All the leading tech firms invest lots of money and effort in the development and understanding of Quantum computing. Google, Zapata, Quantum Circuits, IBM are some of the major players in the field.
When everyone talks about fast connectivity, hassle-free communication, and lightning speed data transfer, 5G is the most reliable technology. The improved 5G networks bring state-of-the-art connectivity to the mobile network to truly implement high-end concepts like smart cities, augmented reality, and autonomous, connected cars. With 5G, users get high power connectivity, low latency network, and highly resourceful intelligent power consumption, making it possible for network providers to facilitate high-grade services to customers within budget.
Natural Language Processing
Natural Language Processing makes it possible for computers and AI-enabled technologies to understand what humans say and emote. It can decipher human emotions and language for the computers and then serve them with the most pertinent results. While Speech to text helps convert the human language to programming, the text to Speech helps the computer give an understandable audible response.
Natural Language Processing helps the computers to understand humans better, bringing in more penetration of AI and Deep Learning in human lives. NLP is one of the most useful and explore-able technologies in which the biggest of the firms are investing their time and money.
Internet of Things (IoT)
IoT is changing the way industries, homes, and offices function, bringing the devices together and creating a connected ecosystem. IoT has been around the corner for a while now; however, with advancements in technology and AI-enabled interfaces, it has become possible to deliver a highly sophisticated and connected environment. The platforms, datasets, and devices within an IoT enabled system can talk to each other, offering valuable insights and increasing overall operational efficiency.
The above technologies have been in the center-sight in 2020 so far. As the new pages unfold in the coming months of 2020, more innovations and breakthrough technologies can advance future advancement.