There is a lot of talk about what 2020 has in store regarding technology. Experts say that technological trends in 2020 will come with both unfathomable innovation and intricate connectivity.
Below are top five areas experts expect tremendous impact.
AI (Artificial Intelligence)
After a few successful AI pilots over the last couple years, it is predicted that enterprises will put a renewed focus on AI use in the coming year. A company incorporating AI in its business model is Tesla, a leader and pioneer in the electric vehicle market. In October 2019, Tesla acquired an artificial intelligence company to build out its autopilot autonomous driving system. The vehicle is equipped with sensors, cameras, and lasers. information is processed through its A.I. platform, which informs the car about what’s around it, what to avoid, and more.
Another company leveraging AI is Google’s parent Alphabet. The company has a profound interest in investing heavily in artificial intelligence. Google uses AI and deep learning to power or automate many extremely important parts of its business. Producing relevant search results, self-driving technology, digital ad pricing, personal assistant software, image- and speech-recognition software.
AI will become increasingly popular with businesses in the coming decade; therefore, your business needs to leverage on AI to maintain competitive advantage.
Scale up on narrow AI due to its limitations
According tech expert Cheryl Wiebe, every sort of machine intelligence that surrounds us today is narrow AI. However, narrow AI is limited due to its specific narrowly defined tasks (it cannot generalize to take on tasks beyond its field without significant rewrites and retraining). More companies will embrace general AI, due to its ability to carry out a variation of tasks required. When your business is able to do more it is creating value, which in turn will make it more viable with customers.
3D Printing Expansion
3D printers have come a long way over the years; from being used to create miniature replica buildings to making living body parts like prosthetic ears, and hands. According to experts, the most exciting new developments will likely come from the evolution of 3D printing technology itself. 3D printing technology has progressed very rapidly and it’s a space to watch closely in 2020. Manufacturers of 3D printers are working hard to expand the performance of their machines as they venture into health sector, architecture and other areas.
Rise in Digital assets (cryptocurrency)
A lot of predictions are being made about the rise and popularity of cryptocurrency. Changpeng Zhao, the founder and CEO of Binance, predicts that numerous governments around the world will experiment with blockchain and their own digital assets. Zhao says “I think in 2020, we will see different experiments tried by many different governments around the globe for adoption. Some will work, some may not, but overall, they will have a tremendously positive effect for crypto adoption.” Jimmy Song, a Bitcoin educator, assures that BTC dominance will be at more than 75% by the end of 2020.
The cloud shattered the ceiling long ago and keeps rising in popularity. According to Brian Wood, Director of Cloud Marketing, ‘Businesses will become cloud-first in the deployment of all new analytic workloads. He further states that the “Use it or lose it” bulk purchase agreements with public cloud vendors will spur enterprise IT departments to prefer cloud deployment location over solution fit.’ However, there is also the prediction that Hybrid cloud will become popular with businesses. Cloud expert Jack Wallen, states that ‘Many businesses will find using hybrid cloud (combination of public cloud and private cloud) an ideal way to leverage the cloud.’ Wallen also predicts a cloud breach this year that ‘will make all prior breaches look elementary in execution and miniscule in outcome’.
Therefore, business and individuals are advised to implement precautionary measures for the protection of their online privacy.
There you have it, an overview of tech predictions from industry experts for the year 2020. Is your business prepared to successfully navigate the year amidst these predictions? Get in touch with us at Rhics technology and our team of IT specialists will give you the support needed for optimum business success in 2020.