As we approach the year end and getting ready to welcome the New Year, it’s time for us to review the technological innovations and advancements that are about to dominate the future. These technologies have been strengthening their roots and have started to impact people, jobs, businesses, and economies across the globe. As the new technologies will become more important in 2018, understanding and analyzing them is crucial for us to adapt, align, and get ready for tomorrow. Let’s get started!
Artificial Intelligence (AI)
With advancements in machine learning and deep learning, there is a considerable progress in Artificial Intelligence research, development, and strategies. So far, AI has been widely experimented to surprise and delight users and customers. In the upcoming years, we can see AI being integrated into existing platforms to bring in efficiency and resilience. In 2018, we will witness AI transforming from a newcomer to a mainstream technology. According to Gartner, through 2018, AI will be used to improve customer experience, business decisions, and reinvent business operation models.
Internet of Things (IoT)
According to the Gartner survey, currently, there are 8.4 billion connected things on the Internet and expected to double in next three years. Through 2020, IoT will demand and drive technologies such as edge computing, high-speed internet, IPv6, data analytics, data security, and other technologies that are required to aid and improve its implementation. The year 2018 will witness progress in IoT and IoT related technologies.
Big Data and Data Visualization
It is crucial to manage and visualize a large amount of data to aid business decisions and provide better customer services. Though these technologies have been here for a while, the need for data management and analysis will increase in 2018. More advancements in AI and Internet of Things will propel the growth in these domains and demand companies to embrace Big Data. There will be an increased demand for professionals in Big Data and data science. Data analysis will become crucial in driving new business insights and efficiency across industries.
Edge Computing
With the advent of IoT and autonomous objects, devices such as self-driving cars, drones, and other smart devices seek to connect and communicate on the go. Edge computing comes into the picture to cater the real-time processing and response needs of these smart autonomous devices. Edge computing will be the preferred choice to process real-time data. Cloud computing will still assist edge computing in storing, managing, and retrieving crucial data.
Blockchain
Blockchain has been evolving as a platform for digital transformation. Though the financial industry has started using Blockchain, it is becoming popular among government institutions, healthcare, manufacturing, entertainment and other industries. Despite the debates on the legality of Blockchain processes, it will gradually progress in the upcoming years.
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