We’re halfway through 2018, and the common trends in the technology sector are becoming pretty apparent at this point. While existing technologies have improved, new trends keep on popping up as well, and the list of modern trends gets longer each year.
Listed below are seven of the top technology trends in 2018.
1. Artificial Intelligence Reshaping Business
The digital era has made countless and rapid changes to the landscape of business. But most recently, it is A.I. that’s bringing enormous altercations to the way people do business.
Advanced technologies and software with A.I. capabilities are heralding a new era where employees don’t have to get burned out to complete all their tasks and succeed in what they do. Apart from that, A.I. applications should be able to take care of the nuances of marketing and SEO for tech companies.
This year, more and more businesses are implementing an A.I. strategy. However, it is far from taking over the workplace and replacing human workers. That’s mainly because A.I. is still in its early stages. Nevertheless, the impact is already being felt and is gradually reshaping almost all industries like that of healthcare and real estate. Virtual assistance, data management, and automation are a few of the applications where A.I. has manifested itself.
2. Blockchain Presents New Business Opportunities
In the past few years, the world has seen an increasing hype around decentralized systems. Though its primary design was to store and exchange data for digital currencies, it may present several other opportunities beyond that.
As you may know, blockchain refers to a digital register that stores all records called blocks, each of which comes with a timestamp linked to the previous block. This technology is revolutionizing digital transactions, and we may see a gradual adoption of such systems in digital businesses. The hype around it, however, should slow down as institutions take into account the risks and opportunities that can affect customers’ behavior.
In the months to come, more applications should be developed and launched by companies that did Initial Coin Offerings (ICOs) last year.
3. Better Privacy And Security Solutions
Each year, the world generates and consumes massive amounts of data. Most of it is not well-protected considering that hacking techniques continue to evolve alongside the technologies that are responsible for putting out more data into the world. In the past few years, there have been innumerable data breaches, leaks, and privacy flaws. The worst of these hacks wiped out billions of dollars’ worth of cryptocurrency from exchange platforms.
Starting this year, we should see new approaches to privacy and security, with better solutions against cyber threats to protect private information. Machine learning should be one of the more important security trends in the years to come. Using a technique similar to behavioral analysis, applications should soon be able to prevent and detect an attack.
As for blockchain systems, a new tech dubbed as Zero Knowledge Proof is starting to make great strides in securing users’ private information. Due to the latest hacks, companies are working hard to present new solutions and workable applications that should make people feel more secure as they go online.
4. The Rise Of Intelligent Networks
The internet of things (IoT) continues to seep into our everyday lives. Now, devices are more than capable of smart interaction between people and environments, with very little to no need for human intervention. As we see more of these interconnected devices, more data is introduced into the world. But with the amount and rate in which they are being produced, storing and analyzing it all from a single central location will be impossible.
That’s why the world’s going to see more of Edge Computing in the years to come. It should enable devices to crunch the numbers faster and perform the desired action in no time. For technologies such as self-driving cars, this minute yet significant change can be the difference between an accident and a safe ride home.
5. Prescriptive Analytics
Another approach to big data that’s gaining traction this year is prescriptive analytics. This process makes data more valuable for businesses as it informs them what they need to use. Through a variety of algorithms, the system offers a set of recommendations for the implementation of predicted solutions that will supposedly enhance their processes, customer experience, etc.
Prescriptive analytics uses predictive and descriptive analytics to formulate outcomes and solutions to your problems.
This year has already been and will continue to be promising for tech innovations. We should witness faster and better A.I. applications and machine learning capabilities that will transform various business sectors as well as our everyday life. Though the creation of these new technologies may pose new threats to our private and personal data online, new approaches and solutions are coming our way.
If you are interested in even more technology-related articles and information from us here at Bit Rebels then we have a lot to choose from.