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The Major Technology Trends Reshaping the IT Space

By CIOReview | Friday, July 24, 2020

The roadmap to meeting the rising expectations of tech-savvy consumers is the adoption of the latest technology solutions in the companies.

Fremont, CA: The leading technology trends are aiming to reshape the intersection between technologies and humans. People today have greater expectations with their increased tech-savviness, and therefore businesses must work towards catering these expectations with better and easier tech-solutions.

Here are some of the leading technology trends to watch out for in 2020.

Artificial Intelligence

With the capability of simulating human intelligence, AI is immensely assisting decision making, and many cost optimizing tasks. A prominent subset of AI, Machine learning (ML), along with natural language processing, deep learning, and neural networks, have improved web search results, pattern identification, and analysis, and thereby helped in sales and marketing.

Robotic process automation (RPA)

The primary offering of this solution is the automation of several repetitive tasks, processing transactions, providing auto-generated emails, and other business processes. Though automation might create many highly paid jobs, research suggests that around 230 million workers might lose their jobs owing to the increased application of RPA.

Edge computing

Despite a large number of benefits, cloud computing has certain limitations. This is where edge computing provides an edge to process data that are time-sensitive from remote locations with or without any connectivity to the centralized location, serving as mini datacenters. Reports estimate that the edge computing market can shoot up to $6.72 billion by 2022.

Virtual and Augmented Reality

Pokemon Go was a trending name in the market. This works with AR that modifies the environment with digitally generated objects. On the other hand, VR creates a virtual environment for the users in resemblance to the real one. Samsung, Google are major players of VR in the market. From gaming to surgery training, museum, or park visit experiences, these technologies are trending. 

Cybersecurity

The emerging technologies today are the principal factor for the demand for cybersecurity. Increased digital connectivity provides a larger scope for hackers to attack the cyberspace of enterprises. Therefore the need for skilled cybersecurity professionals is growing faster than ever. 

Internet of Things (IoT)

From smart home devices to cars, door locks, fitness, and health devices, IoT is making our lives easier every day. From the business point of view too, IoT is enabling professionals in better decisions-making, customer services, and Big data handling. Surveys suggest that IoT devices may hike up to 30 billion in this decade.

Blockchain

No one wishes to compromise the transparency and security of their transactions. With Blockchain, people can store the data in strings or chain, with no probability of any alterations to previous blocks. Several industries are investing in Blockchain for better validation and transparency of transactions.

Though these technologies are evolving significantly, they pose the threat of severe unemployment in specific domains. However, new career opportunities might compensate for the unemployment and redefine the technological landscape.

See also: Top Cyber Security Companies