“Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution.” — Albert Einstein
Future technology trends in business will be limitless and probably overwhelming. The year 2020 has been a benchmark for emerging technologies.
Some of the most promising technologies have been making rounds in 2020 and their development and adoption into various industries are and will change the future of businesses.
It is going to be absolutely worthwhile to understand how upcoming technologies will revolutionize the business sector and how these future technology trends would affect you and me!
The previous decade has been all about the rise of smartphones and social media. We saw how both of the technologies today, play a crucial role in businesses. What’s next? How will business change in the future? Let’s find out!
Automation
As we all know it and we all are a witness to it, Automation, in 2020, plays a great role in the business world and is heading towards becoming even more important in the future.
It is an undeniable fact that with time, technology upgrades itself and businesses find better and quicker ways of operating.
With so much in its plate, it is safe to say that automation is transforming various businesses, and will continue to do so in the future
Read More – What is RPA – Robotic Process Automation and how is it benefiting various businesses?
Also, the growth of the IT outsourcing market has made the facilitation of these technologies a lot easier. Today it is not a challenge to hire RPA developer.
Automation tops the list when it comes to future technology trends as it has the potential to improve every aspect of life. When we talk about Automation, we have to mention Artificial Intelligence and Robotic process automation.
These new emerging technologies are benefiting a lot of people from across industries. Industries are working towards making the most of these automation technologies.
5G
We all have used 3G and 4G, haven’t we? But do you know? 5G is on its way and it’s about to hit us for good! What’s it going to be like? Just a number switch? Nope!
It was the 80’s that witnessed 1G at the time when mobile phones were as new as a newborn. The ’90s saw the second generation and the 2000s was a witness to 3G.
3G was a very noticeable upgrade as it enabled video calling, location services, and mobile internet. 4G took a decade to hit the market, but when it did, it did it with a bang!
4G completely took mobile technology to the next level. High definition with faster speeds was the most prominent update at that time.
Talking about 5G, it is one of the biggest tech trends of the future. Its USP is its speed (1-10Gbps.) To be more layman, the speed of 5G is going to be 1000 times more than 4G.
Also, what’s interesting is that 5G would operate at a much higher frequency, covering about 90 percent of national coverage within its first 4 years.
The phenomenal 5G network will be connected to billions of devices. Can you imagine the kind of capabilities this technology would hold? 5G is one of the future technology trends that have the potential to change how businesses operate. 5G is an example of how will businesses change in the future.
Self Driving Cars
The self-driving car is another biggest tech trend of the future and has been a buzz in the town for quite some time now. However, it is yet to be commercialized. You would be surprised to know that the entire concept of self-driving cars is catalyzed with 5G technology.
With the amalgamation of the two technologies, leisure, business and sectors like transportation can become entirely autonomous.
Imagine the possibilities? I mean you can actually sleep your way to work or even have a meal while the car drives itself? Nice!
With 5G in autonomous vehicles, cars will be able to communicate with each other. For what? This would primarily reduce or maybe eliminate any traffic jams and also reduce road accidents.
This also opens the door for companies to reduce lost time in travel and commuting, prompting a complete re-think for business operations.
Increased Costs
Cost is one factor that will always play a vital role when talking about future technology trends. Today, ISP’s are constantly working towards charging for networking access, primarily dividing the net into a fast and a slow lane.
This means you would have to pay your internet provider for accessing a couple of online services. In other words, you would be selecting packages in accordance with your business requirements.
For businesses working with remote managed employees, the intention is always to maximize productivity while reducing costs. The internet being neutral is a necessity for remote workers to stand up to the mark.
What can be done?
- As per your business requirements, pay up all your remote employee’s ISP in order to allow equal access to the services that they need.
- Make sure that your employees are using the same ISP whether at the office or at home.
- Your ISP should be a mandatory criterion for your staff.
SO basically, if internet neutrality is done away with, internet costs are going to skyrocket. Today most businesses are going over the internet and if your company is one of them, it might be the right time to think about its impact on your business.
Human Augmentation
Human augmentation! Ever heard of it? This is one interesting future technology trend. Human augmentation is essentially the process in which a human’s physical and cognitive ability is made strong.
So this, in other words, makes a human, something like a terminator in a human body. Human augmentation enables people to do things that they otherwise could never have done.
This technology, apart from increasing the physical strength of humans, will also increase the human’s capability to think and make calculated decisions.
Human augmentation is definitely the biggest tech trends of the future.
Key Takeaways “FutureTechnology Trends”
- Businesses and enterprises will have to work towards re-skilling the next generation of the workforce. Trends in technological environments like AR, VR, HR, IoT, AI, and Blockchain will lead the world.
- Businesses will eventually update customer analytics along with advertising.
- Automation in business is going to streamline three major segments: augmentation, Autonomy, and Algorithms. This means you will come across more and more automated cashiers, waiters, etc.
- 5G would operate at a much higher frequency, covering about 90 percent of national coverage within its first 4 years.
- 5G to facilitate 1,000-fold gains in capacity, connections for a minimum of 100 billion devices and a 10 Gb/s speed.
