Technology has evolved at a rapid pace since the emergence of the 21st century and as it grows it will bring multiple changes and levels of progress in each field. With the dynamic growth of technologies, it seems we are going to live in a futuristic society in 2020.
We are living in an age of rapid breakthrough from invention to innovation, from flying cars to hyperloop, from progress in quantum computing to advancing the concepts of blockchain, from Artificial Intelligence to 5th generation wireless networks, from foldable smartphones to next-gen security cameras, from extended reality to the growth of predictive medicine.
Looking further, the consumer trends in terms of technological advancement is also growing and shaping up.
On the other hand, careers based on technology don’t really change at the same speed, but they will evolve and maybe create more opportunities and jobs.
We are in the midst of the 4th industrial revolution and the way technology is growing faster than ever. Among this humongous growth, the majority of people can’t stay in the trend of the technologies. Having an insight into the major tech trends will create better possibilities for people to have a grip and prepare for the opportunities around.
Here, we will discuss the top trends in technology for 2020 that can bring massive change.
Top 7 Technology Trends For 2020
The arrival of 5the Generation Wireless Networks
Research and development have been going on largely to bring the 5th generation wireless network to the modern generation. With the use of 3G getting lesser, 5G is going to be the new breakthrough in terms of connectivity and speed. Several companies are trying to expand their operation of 5G and trying to make it available to every region possible.
5g is believed to be more beneficial than 4G networks in terms of connectivity and speed. It will lesser down lagging, increase the bandwidth to access and share data. Moreover, it has the potential to support millions of IoT devices at ultrafast speed. This wireless connection is going to dominate the wired networks used in homes and offices. 5g will bring speed and give us stable internet access and it will boost the use of autonomous vehicles, help the telemedicine industry and above all will deal with national security if implemented perfectly.
Motorola bought in the first 5G enabled device in 2019 and many other companies have already joined the trend. Ericson has partnered with AT&T to launch 5G enabled mobile devices in the U.S. Vodafone, Ericson and eGO at the beginning of 2019 has contributed to establishing the first 5G powered car factory in Germany. On the other hand ExRobotics, Accenture, Shell, and Huawei have already developed the largest industrial 5g field lab in collaboration.
There are many challenges that these carriers need to overcome, but 5G is really worth struggling with.
Edge Computing: The Ultimate Breakthrough
Cloud computing is no longer the unparalleled technology. The adoption of cloud computing is still rising with major businesses like Microsoft Azure, Amazon Web Services and Google cloud. But Edge computing is believed to be the new cutting -edge tech that businesses may need starting from 2020.
What is Edge Computing?
It is a small scale distributed computing, with an open IT paradigm that offers decentralized data processing power. And it is brought with the idea to keep computing and data storage closer to the location of where it is required.
This will fasten the response time resulting in lesser use of bandwidth. Edge computing will be used to increase the flow of time-sensitive data.
In remote locations, companies will prefer edge computing to process time-sensitive data with very limited connectivity or even no connectivity. Moreover, it has the potential to optimize millions of web applications and IoT devices and to some extent, blockchain will also depend on edge computing.
The advances of Extended Reality (XR)
Extended reality happens to be an Umbrella term used to define outstanding technologies that can combine both the real and virtual worlds together and create immersive digital experiences. In simple terms extended reality is comprised of 3 major components: augmented reality, virtual reality, and mixed reality. The umbrella term is used for these 3 main components and the other technologies that they might bring in the future.
Once the collaboration of these technologies takes place and the way they will work together will make our everyday tasks seamless. People will start interacting with real and virtual worlds in a more easy way. It is believed, that extended reality can really grow and help several industries.
According to a study done by the Visual Capitalist, the XR market is supposed to grow to a size of $209 billion in the next 4 years. And according to the forecast from 2018 of $27 billion, it has risen by 800 %. It has the potential to bring massive growth in industries such as gaming, entertainment, tourism, eCommerce, medicine, and even transportation.
Hyper Automation is basically the collective effort of artificial intelligence & machine learning, business management software and automated tools to accomplish a task. It takes care of the employment of advanced technologies that comprise the use of Artificial Intelligence and machine learning to speed up the process of automation and augment humans.
In more simple terms automation is the use of technology to automate tasks that once humans used to perform.
Once the trend was suppressed by robotic process automation but in the year 2020, it can be said as one of the most talked about trends which is expanding rapidly. It requires multiple steps and procedures of self-automation such as discover, analyze, design, automate, measure, monitor and reassess.
Democratization of Expertise
Democratization is the idea of providing people easy access to technical or business expertise without having to spend huge figure on training and most importantly it reduces your hassle. Public access such as citizen interrogators, citizen data scientist and the growth of public progress can be good examples of democratization.
Democratization focuses on four major domains :
- Application Development : Like AI and ML tools to leverage in custom-developed applications.
- Democratization of data and analytics tool :That focuses on data scientists expanding to go for the pro-developer community
- Democratization of knowledge : It is when non-IT professionals getting access to expert tools that allows them to make use of them and then apply skills that are beyond their expertise.
- Design : Democratization of design is to broaden on the no-code and low-code experience with automation of extra application development functions so that it can help the citizen developer.
For another example, the implementation of democratization would let developers to produce data models even if they do not have the proficiency of a skilled data scientist.
As the food industry continues to grow, modern farming technology is becoming mandatory. Several technology startups and middle class businesses raised millions to develop applications and software management tools, data analytics, automated machines that helped the farmers to scientifically grow crops with accuracy. Scientists and experts believes technology will influence every steps starting from farm to fork.
Agricultural scientist,engineers and tech professionals are working together to bring massive change in 2020 and beyond. Companies that offers products using AI, big data and computer vision will dominate the market. Computer vision will become mandatory to do jobs such as monitoring crop growth. Companies are developing robots that will harvest fruits and plants more efficiently and fast.
Here, the ultimate goal is to create a harmony between technology and farming that can work with the forces of nature and increase production.
The Rise of Practical Blockchain Technology
Blockchain is something that has been in trend talks for a few years now and it will continue to people believe it is going to be the future for businesses and even government by reshaping trust, offering transparency, bring value across business ecosystems, reducing transaction time, and lessening overall costs. It has immense potential to boost up the supply chain and identity management.
Blockchain is basically a digital decentralized ledger that is used to record transactions securely as it is completely encrypted. It was first introduced by Satoshi Nakamoto back in 2008 to be used as a public transaction ledger of the cryptocurrency bitcoin. Facebook has also been working behind its own blockchain-based cryptocurrency Libra and is planning to launch it in 2020.
Several industries are seen involving and implementing blockchain. According to a report by Techcrunch.com, jobs related to blockchain falls in the second-fastest-growing category of jobs.The use of practical blockchain has been approved by China and the operation will be in full swing from 2020.
Technologies: Where the World bends
Although there are several technologies that are emerging but this 7 technologies we have talked about today will definitely going to bring massive changes in the 2020 and the coming years and the impact will be felt worldwide. It could create potential career opportunities and give you a chance to evolve with these technologies. 2020 will be a time of implementations.