With the start of 2020, we saw a drastic shift in businesses adopting new emerging Technologies. It is almost like no company can survive without integrating Technologies. This is because, if competitors were to use the latest technology and provide better services, obviously companies will lose market share to rivals. Therefore, to stay up-to-date read about top 10 emerging technologies in 2021.
For the growth of technology integration, the main reason is the Coronavirus pandemic. Due to which to stay relevant in the market, companies had to change their working strategies and integrate new technologies.
Companies and customers rely too much on the internet for doing business. For example, you can see the integration of AI at every step like digital devices, social platforms and search engines.
- With the Covid pandemic persisting, there has been a growth in the integration of technologies in every field.
- Some of the latest technologies are 5G, Blockchain, Cybersecurity, AR & VR, and 3D-Printing.
- Most of these below techs can collaborate with the usage of the internet for their development and expansion. Investment in these technologies may be beneficial.
It has become critical for everyone to stay up-to-date with the latest technologies news to benefit the maximum. So with keeping in mind various technologies services, let’s have a look at “what are the emerging technologies 2021.”
I decided to keep this first, as due to the Covid pandemic, each and every business will have to adopt Hyperautomation to sustain in these difficult times. In short, it is end-to-end automation by using the latest technologies.
Hyperautomation refers to the integration of technologies like Artificial Intelligence, Machine learning and Robotic process automation to existing businesses to make them more accurate, more efficient, obtain greater productivity, reduce risks and more.
Most companies did adopt automation but not at every stage. This may be due to monetary conditions, low efficiency when compared to labour efficiency in quality and quantity and due Government-mandated labour laws.
This technology takes automation to the next level by automating a previously manually done process using the above techs and creating bots for repetitive jobs.
Benefits – Cost reduction, accelerate complex jobs, Time reductions, Improved efficiency and accuracy.
Edge Artificial Intelligence
Artificial intelligence plays a critical role in this pandemic time, with every business and person opting for an online connection with others.
If servers that store data are far away from the place where the data is collected or analyzed, there might be an occurrence of time lag error due to long distances. Edge AI is the solution for this problem.
Edge Artificial Intelligence refers to storing data on local servers, all the processes involved will take place in a nearby server. Due to this method, the time required for signals to travel back and forth will be less. The quantity of data in local servers compared to one in the central server will be less. Thus reducing the computing pressure on devices.
As opposed to previous methods, this tech will help in reducing time, cost, reduce reliance on external bodies and increase security. Adopting this tech will indirectly help improve customer satisfaction, which will lead to loyal customer gain.
Edge Cloud Computing which is an evolved form of cloud computing, works on the above-mentioned similar principle. You may also have experienced AI while playing games like chess or online RPG games. To know more about AI read these books – Best Artificial Intelligence Books To Read.
By now, everyone is familiar with internet terms 2G, 3G, and 4G. These are the short forms for the 2nd, 3rd, & 4th generation of broadband cellular network technology. With each generation providing faster speeds compared to previous. 5G is the Next-Gen.
It is pretty clear that a business, company, technology and many other platforms cannot work efficiently without an internet connection. In the past one year, the importance of the internet in daily life has become very clear.
For example, its integration in education (online classes), video conferences, online shopping and delivery system. For all these to work efficiently, they need the internet. This is where 5G’s tech will play an important role. Compatible 5G mobile phones will be the demand of future.
The present demand is for a seamless, uninterrupted network connection, with work from home a possible future. 5G’s features like 100 times faster speed, low latency and better efficiency will make it the most preferred technology.
What is Blockchain
Blockchain technology is a data/record-keeping tech. In this, whenever new data comes, it stores them into new blocks and then chains them together with the rest of the blocks. This way, each data has its unique address. Whenever new information is added or edited in a particular block, its address gets updated. And this way the address stays unique.
Cryptocurrency is a form of digital currency that doesn’t have any physical body whatsoever. All the currency data is stored online and trading and transaction with this currency is also done online itself. But of course there are ways of converting them to cash.
Other platforms that use this technology are banks, payment gateways, supply and logistics monitoring, etc.
The amount of transparency and security it offers is the reason for people adopting it. No single person holds too much power. For example, in bitcoin, if a purchase is made, it is recorded into a ledger and is visible to everyone. The most common use of blockchain so far is as a ledger.
What is Cybersecurity Mesh
Data leaks are the worst way to lose clients in a business. With remote working as the new normal, data security is of the topmost concerns of companies.
There are a lot of life hacks people use like two people using the same channel by sharing usernames and passwords. Companies can not do anything to avoid this. But atleast security walls can be put in place so that at the very least no one hacks and uses data for free.
This is where Cybersecurity Mesh helps as it refers to an approach in which security measures are applied on an individual level.
A person can access data from anywhere, therefore companies need to set new rules for how much data to make visible. With Cybersecurity Mesh technology, it is possible to create a security wall around a particular data rather than affect the entire organization’s data.
This will ensure that only the right person has access to right data without affecting others. No time will be wasted if the step of constant need of request for permission is eliminated. And this ultimately increases productivity and efficiency.
In quantum technologies, it is basically the use of quantum phenomena such as superposition and entanglement to perform calculations. Probability calculations are taken into consideration when Quantum Computing is done and not just 1’s or 0’s as done in computing.
It performs all the operations based on all the factors present and even considers probabilistic events. It differs from classical computing since it takes in so many variables while giving an output.
Since its result is probabilistic in nature but based on known factors, the other fields it can be used in are banking, healthcare, logistics, etc. Simulation for any new idea through Quantum Computing helps reduce waste of resources, time and costs.
Uptill now this tech has not reached a level of providing good efficiency. Also, according to some it will take a little more time before this technology is widely adopted.
Internet of Behavior (IoB)
IoB is a method in which analysis of data is done to get valuable inferences from it. This helps in improving one’s own business in many ways. Since it is a method to find out patterns (behavior) of a person, companies can customize the product according to a particular individual. This will help in improving customer experience and probably convert them into repeat customers.
Location tracking and facial recognition are some standard tools of IoB. By knowing the location patterns of a person or group of people, cab companies can decide on the number of cabs to be placed in a location. This will help them maximize resource utilization and ultimately increase revenue.
Another example is ads on the website. We can chart out the behavior of a person by looking at his/her internet history. Like what sites the person visited, what are the persons interest, likes, etc. Knowing this companies can decide on which ad to put on website. Companies generate leads in this way.
Improving user experience, search experience optimization and design promotion methods for a product is possible because of IoB.
Augmented Reality and Virtual Reality (AR & VR)
Augmented reality and Virtual reality are trending technologies that to specifically more in gaming businesses.
“What is Virtual reality?”
Virtual Reality refers to creation of a world with the help of computer software and technologies. In this, a fake but with a very real feel of a virtual world is created for the user’s experience. This is the total immersion of an individual with the use of headphones and digital headgear. Other applications include education, military training through simulations, 3D movies, etc.
Augmented Reality refers to adding a digital layer to an existing live image. To understand easily, take the example of Snapchat, there are many features to add digital expressions to faces, change the background and live feed. The most recent worldwide successful example is the Pokémon Go game.
With the current scenario, both have been a lot useful in the education sector with learning going online. There are still a wide range of applications of AR/VR technology.
This is one thing that will likely become a trend in less populated regions with less human interaction preferred presently.
Companies are upgrading their vehicles with the latest technologies. Self-driving cars are the talk of the time in the car industry with constant innovations and integration of some of the above technologies, such as AI, AR, and IoB.
Lidar (Sensors in cars to detect surroundings), electric vehicles to counter pollution, GPS technology to use google maps, electronic braking systems are some more examples of tools in smart vehicles. The best example of tech that you use in your daily life is proximity sensors that detect distance while parking. With this present there is no need of looking back or getting out to see whether you can park.
Smart vehicles can integrate other technologies, and hence a lot of improvisions are possible.
This is process in which first a design of the desired product is made in a computer using various software available and then a 3D model is produced in the attached machine. Different materials are used and combined layer by layer by automatic machine to form the final product.
First, it was only used to make models of the finished product desired, but now with enough improvement, things that are hard to produce with hands manually can be created accurately. Price of 3D printing will cost around $3 to thousands of dollars.
With automation the only option in current tough times to maintain productivity is this tech. 3D Printing can give better efficiency in mechanical, civil and electronic fields.
These are some of the emerging technologies in 2021. Being aware of these is essential with technologies benefits and usefulness increasing in day by day. Most of these techs can collaborate with the usage of the internet for their development and expansion.
Apart from the above, few more techs are Machine learning, Total experience, Internet of Things, Cloud Computing and many more. Also, above technologies were mostly related to innovations in digital field. But apart from these there has been huge strides in surgical technologies, technologies in manufacturing, technologies in medicine and many other fields.
It is up to humans to make good use of technologies advantages and improve not only human lives but also care for environment.
Frequently Asked Questions
What are the new technologies in 2020?
Some of the emerging technologies are 5G, Blockchain, Edge Cloud Computing, Artificial Intelligence, etc.
What is latest technology in computer science?
Artificial Intelligence and Edge Cloud Computing are the most in demand technologies in 2021, also due to there benefits of working from home.
What is the next big thing in 5 years?
Augmented reality and Virtual reality are showing progressive growth with their implementation in other fields and especially in medical sector.
What jobs are being replaced by technology?
Proofreading, Customer service, Data Analyst, Retail jobs and Security guards jobs are most probable of being replaced.
Which is highest paid job in the world?
Neurosurgeon and Software Developers are the fields with highest salaries.