Technology is changing over the years, and with it, our expectations of what is possible have increased. The future is coming faster than ever before. We are on the verge of a new generation of technology that will shape how we work, live, communicate, and learn for decades to come.
This blog post examines some key technologies currently emerging that may change everything about how we live our lives.
1. Extended reality
It is a technology that will give people an extended view or perception. The idea is pretty simple, but the way it works and how it might be used in the future is complicated. This makes the whole concept even more interesting for us.
There are already some examples out there where Extended reality could be applied today or at least within these two years when it’s expected to become mainstream! Such as pay-per-view events on TV, NetBet, virtual shopping experiences with different furniture, etc., augmented social media apps like Facebook’s AR filters – you name them all! But not only big companies can make good use of such tools: we see smaller businesses finding ways to integrate VR & AR into their work.
2. Artificial intelligence(AI)
AI has the ability to imitate intelligent human behavior. There are many types of AI, including robotics and machine learning. The latter relates closely with Big Data, which has transformed entire industries such as finance and healthcare.
It allows computers to learn from past experiences without explicitly programming them – a technology known as deep learning. We have seen examples where machines can now detect cancer cells in medical images more accurately than humans.
But many systems are far from perfectly intelligent. The tech is still in its preliminary stage, but it has become very good at learning by itself what to do based on vast amounts of data. As the amount of information available about our lives increases exponentially with the rise of new technologies such as smartphones, AI will only improve further – particularly over the next decade or so.
3. Distributed ledger technology
Distributed ledger technology (DLT) is a system for managing, recording, and executing transactions without the need of a trusted third party.
It uses complex cryptography to create tamper-proof records verified by anyone; all data recorded on distributed ledgers cannot be edited or deleted. In other words, DLTs allow any digital assets to be traded securely between parties.
It will have profound impacts on businesses worldwide, from finance to healthcare. Some of the biggest global banks are already implementing DLT to run internal systems, and there are over 400 active distributed ledger projects globally.
Distributed ledger technology has given us an entirely different paradigm for information storage that changes how we think about privacy and security. Artificial intelligence will help blockchain identify bad actors so fewer scams or mistakes due to human error. Extended reality is revolutionary, especially in this digital era.
These technologies have already changed our world – they will continue shaping the future of business for years to come. If you don’t want your company left behind, give them all serious consideration now.
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