Technology is omnipresent. And it is undergoing metamorphosis more rapidly than you can fathom. 50% of the worldwide tech growth is the result of IoT software, SaaS+PaaS, robotics, advanced security, etc. You will be shocked to know that the export value of technology products and services in the USA is estimated to reach $322 billion.
Nowadays, students take the help of the assignment experts to get good grades. Who knows, maybe an AI-backed software will replace the professional experts in the future? So, if you are interested in knowing the technologies doing the rounds these days, follow along.
- Immersive Technologies
Virtual and Augmented Reality (Extended Reality) are currently hot topics in every corporate sector as well as educational institutions. It is estimated that in 2020 itself, the immersive technology sector will earn around 6.3 billion dollars in revenue. Augmented Reality will help businesses superimpose 3D models to physical spaces. Already, the healthcare sector has been integrating AR into training programs, to make it easy for physicians to comprehend intricate medical procedures.
NASA also used Microsoft’s Hololens to construct the new spacecraft, which comprised of mixed reality applications. In addition to this, students can also use tools like Tilt Brush, CRYENGINE, etc., to boost their creativity. AR and VR will also aid them in virtual training, as they will have a better grasp of dimensions and complex functions. Similarly, an AR application will be beneficial for the office employees, for training purpose, that would reduce the risk factor.
- 5G Data Networks
The emerging 5G networks are about to make our online experience more enjoyable. At a glance, you will observe lower latency and extremely high-speed transmissions (15 to 20 Gbps). Moreover, the possibility of implementing virtual networks is higher due to the presence of network architecture called network slicing. It is predicted that by 2021, 5G connections will reach a figure between 20 million and 100 million.
As far as the capacity is concerned, 5G will deliver up to 1000x capacity than 4G. This will help in the further development of IoT. It will also play a vital role in Edge Computing, which would enable real-time processing of vast amount of data. Furthermore, it will help businesses monitor the machine tools in its plant. 5G also offers increased bandwidth, which is perfect for stadiums or crowded venues. Due to its versatility, notable companies like AT&T, BT, Verizon have already switched to 5G network.
- Blockchain Technology
Due to the COVID-19 pandemic, people are slowly making a transition to the online cash transfer system, using UPI platforms. And, as per data analysts, the worldwide spending on blockchain solutions will increase by 15.9 billion before 2023. Soon people will realize the potential of Blockchain technology. With Blockchain, transactions are bound to be more secure, as no participant will be able to tamper with details. This is possible due to the shared distributed ledger technology.
For instance, if you purchase an item online, your name will get recorded, along with your digital signature. This is precisely how e-commerce giants like Amazon or eBay function. The documentation is registered on a block, which has its own nonce and hash. These hashes are cryptographic codes, created with the help of advanced algorithms. Users are allowed to connect computers to the blockchain network as nodes so that they receive a copy of the Blockchain. And the best part about Blockchain –the process is lightning-fast.
- Artificial Intelligence- Machine Learning
Today, AI is present everywhere. From manufacturing industries to healthcare sectors to the online grammar checker tools you use – AI has gained ubiquity. How do you think you get the and pro proofreading services with smart recommendations on proper grammar usage or sentence construction? It is being backed by Deep Learning algorithms like Recurrent Neural Networks, Deep Boltzmann Machine, etc. When you ask Siri or Cortana to explore something, how do you think your obedient virtual assistant provide the results?
When you look at your Instagram feeds, it is updated continuously, and it also takes your preferences into account. It is all due to Machine Learning and Deep Learning. Today, robots perform complex medical operations, conduct navigation, and even do home delivery. Natural Language Processing is being used for speech recognition. And, companies can make Predictive Analysis based on the Sentiment Analysis, provided by Big Data and Deep Learning.
- Computer Vision
When you do Google Image Search, have you ever thought about the technology that went behind it? Well, it is Computer Vision. With the help of this technology, the smartphone camera recognizes parts of an image, like the eyes, etc. Sensors also identify places, objects, items and people using the same principle. Most importantly, it is increasingly used in facial recognition.
In addition to this, it helps in pattern detection and is thus applicable in medical tests such as tumor detection. It analyzes an image in depth and collects information from histogram ratio and the likes. Furthermore, Edge Detection employs Computer Vision. Experts use it for data extraction and image segmentation.
As you can see, quite a lot is happening in 2020. If the development continues in this way, we can expect a wave of revolution in the realm of technology by the end of 2023. Apart from the technologies mentioned above, there is robot and drone development, Digital Twin, Intelligent Apps and much more. In fact, with the evolution of Deep Learning, we can expect tons of applications to crop up each year. For more information on the latest technologies, check out the blog sites like TechCrunch.com, Wired.com, etc.
Author Bio: Kady Smith is a cloud computing specialist, and has her technology blog site. She posts content related to gadgets, cloud computing services and technology updates. She is also the managing head at MyAssignmenthelp.co.uk, where she supervises the computer assignments provided by the assignment experts.