Latest Technology Trends That Will Impact Businesses in 2021

Check out some of these hand-picked newest technology trends that we have compiled for you!

5G Technology in 2021: A boon for businesses

As the term ‘5G’ has been created for nearly half a decade, it has certainly created such a revolution as its predecessors.

Autonomous Driving- A Safe, Easy Way to Drive

An autonomous car raises a great deal of excitement in and of itself. Elon has stated in an interview, “From our standpoint, if you fast-forward a year, maybe a year and three months, but next year for sure, we’ll have over a million Robo-taxis on the road.”

Data capture and analytics are helping to streamline the newest technology trends and functions like automated braking, lane changes, and other in-car technologies.

 Edge computing- Bridging the computing and storage gap

One current technology trend, edge computing, allows businesses to store and compute data closer to their work locations, thereby improving response time and saving bandwidth. The industry is gaining sophisticated and specialized resources by the day, and this has the potential to slash latency. 

Our drones, for instance, use the enterprise IoT platform to communicate directly with each other. Amazon recently introduced a drone that delivers packages. 

Democratization- A democracy through technology

Democracy is a term that refers to democratization. Democratization of technology refers to easy access to the technical domain by everyone regardless of their profession or place of residence, just as in a democracy everyone has equal rights and responsibilities.

Data models can be generated by developers without the need to learn the skills of data scientists, which is an excellent example of democratization.

Cognitive enhancement via human augmentation 

As a process of enhancing a person’s physical and cognitive ability, human augmentation can be defined as the act of augmenting their capabilities. Humans who are implanted with these devices will be able to perform tasks before they were possible.

Wearables are used by miners for safety reasons. According to news reports, many countries are pursuing secretly human augmentation projects among their armed forces.  Human augmentation holds considerable promise for the future of technology, to put it simply.

Distributed Cloud – Connecting operations with cloud services

Industry trends in cloud computing and cloud storage are already embraced around the globe, and the next big thing for the tech industry will be distributed clouds. Distributed clouds help connect private clouds and specific locations for the operation of cloud services.

Cloud-based distributed computing is still in its infancy. It is becoming more common for companies to use their service subsets in a distributed fashion.

DARQ – An asset in the hiring and training process

The postmodern era will be characterized by distributed ledger technology (such as blockchain), Artificial intelligence (AI), Extended reality (including virtual and augmented reality), and Quantum computing, abbreviated to DARQ, as a significant technological trend.

Consider DARQ when you plan for hiring, training, and employee retention in 2020.  It is also experimenting with distributed ledgers to provide automatic gas station payments, protect cars from hacking, and create tamper-proof odometers. Service employees also use AR to assist with car repairs.

Adapting current technologies with personal profiling 

Data analytics has become so deeply integrated into people’s lives that there is more information than they can handle with current technology. Observing how consumers interact with technology is the top tech trend in consumer analytics, which is becoming a crude priority for every business. Let’s see how businesses in 2020 use personal profiling 2020.

Artificial Intelligence Products for Ease of Life

AI or artificial intelligence isn’t a new term in the IT-sphere, but now there are verticals of AI that are shaping industries globally, making AI among the top trends in IT today. Products like AlterEgo, which can read minds, and citizen robots like Sophia are examples of how big AI technology is set to be in 2020. Deliveries by drones and robots are already being tried by companies such as Domino and Doordash. 

A Data-Driven Policing Strategy to Counter Data Breach and Cyber-Attack

Following the General Data Protection Regulation (GDPR), business owners and consumers alike have become more aware that they are vulnerable to cyber-attacks and data breaches as a result.

Cryptocurrencies, one of the newest and most emerging technologies in the postmodern age, will have to comply with privacy laws to survive. As a result, a data-driven ecosystem with continually expanding interconnections is a big trend business can take advantage of by forming early-on partnerships.

Introducing Momentary Markets – Turning Customer Analytic and Advertising into a Reality 

Customer analytics and advertising will be transformed in ways that seem impossible to imagine with the possibility of capturing “momentary markets” in real-time. The evolution of digital realities toward a more customized and on-demand experience to meet the needs of customers will align with global technology trends as they grow more sophisticated and narrow down to a discrete reality at each moment.

 For businesses to fully capture customer needs, they must combine real-time analytics capabilities with sophisticated backend systems. When paired with constantly updating demographic data, businesses will find out what unmet needs their customers have. 

Advancing analytics through automation

Automation has become one of the most popular trends in IT aimed to improve people’s productivity and propel business operations. This software carries out machine learning and automation using packaged software. By automating data science techniques shortly, scientists will be able to execute sophisticated analyses.

A retailer, for example, needs it to compete with Amazon Go stores without cashiers. Currently, we have AMAZON Go stores without cashiers across the US, but according to CNBC, more than 3,000 AMAZON GO stores without cashiers will open by 2021.

Humans’ digital sophistication can be enhanced through reskilling

By 2020, machines’ speed of learning and upscaling will be a must-have in the latest technology trends. We are now dealing with a disruptive digital transformation where cloud, analytics, and digital waves may still play a fundamental role, but are no longer the crown jewels of “disruptive technologies.”

Business leaders must train their workforces in a postdigital manner by 2020 if they want to bring in new technology. Among other future trends in technology that will appear in the 2020s technology vision are Augmented Reality, Virtual Reality, the Internet of Things, Blockchain technology, and top AI trends. 

3D printing as a medical upgrade

Medical technology upgrades are expected to be a big tech trend in 2020. As many universities expand their research into 3D-printed bionic body parts, 3D printing will open up a new field of advanced prosthetics.

The New Jersey-based Princeton University scientists, for example, have 3D printed a bionic ear that is vastly superior to the ability of the human ear to hear. Business models in medicine will also have to change with the advent of telemedicine and virtual diagnosis using AI and AR.

Adoption of digital transactions is on the rise with digital debit

In 2020, Facebook expects to fully develop and integrate its cryptocurrency, Libra, with government regulations. Traditionally, banks will lose ground to digital payment systems like Google Pay and Amazon Pay as cryptocurrencies gain credibility. 

BIBLIOGRAPHY

1. https://www.mobileappdaily.com/future-technology-trends/

2. https://www.simplilearn.com/top-technology-trends-and-jobs-article/