Technology is an ever-changing, evolving field that requires one to adapt to the new IT trends at a rapid pace. According to the IDC Worldwide Semi-annual Digital Transformation Spending Guide, the global spending on technologies is aroud $2.3 trillion.
Also, to meet the demands of a technology-enabled customer base, businesses and service providers must focus on the latest technologies and IT trends to deliver to full potential. So, here are top technology trends that you should watch out for in 2020.
Top Technology Trends for 2020
Artificial Intelligence (AI)
AI has huge business potential. It can be used to achieve cost-saving benefits, organize workflows, enable efficient communications, increase customer satisfaction, and receive useful insights on customer behavior. Also, coupled with machine learning, it can be used to analyze datasets and provide scaled insights.
Blockchain, another emerging technology holds vast potential for supply chain management, allowing greater transparency in record-keeping, while providing a snapshot of the product’s origination. It could be used to verify orders, purchases, returns, and receipt of products.
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The Internet of Things allows many devices to interact, and provide greater insights into products and services. With its ability of data collection and analysis, IoT can assist in product design with a greater understanding of the ergonomics.
Data security and PII are real-world concerns as data breaches increase day by day. Maintaining proper IT security has become an absolute necessity for the business for it to operate as a trusted entity and ensure smooth delivery of products and services.
5G has accomplished greater speeds than any of its previous networks. With these speeds, businesses and service providers can overcome latency issues, while reaching a wider customer base via mobile devices.
This decentralized model helps to place computing nodes closer to the source of interaction. It helps optimize technological interactions, reduces latency at the origin, and enable effective and real-time data consumption. It is one of the most efficient ways of localized interactions.
Quantum computing enables businesses to implement predictive analysis and big data analysis. It leverages the principles of superposition and entanglement to process information exponentially.
Virtual Reality/Augmented Reality
Although it has huge potential in gaming, virtual reality helps businesses visualize how a product or a service can be used to give a particular outcome. Businesses can use it to enhance their offerings and make informed decisions.
Looking at the new technologies and trends is a real-time necessity for businesses as they continue to innovate to reach a wider audience. Also, these technologies have huge potential but there is a shortage of skilled workforce, which means that it is the right time to get trained and be onboard with these emerging technologies.