Top 10 Technology Trends that Will Shape the Future

Most of the tech innovations we are enjoying today have been in the market for a while, however, they have been evolving and still shaping new technology trends to meet the demand in the market.

For example, blockchain technology is a technology that has huge potential to change how we relate with one another in the near future. Currently, a huge number of crypto enthusiasts have been using Bitcoin, the mother coin, as a safe- haven in times of political, war, and global crisis. However, there are many other practical applications of the technology which the market has not yet tapped into. With a bright promising future, blockchain technology may solve a lot of mankind’s challenges, hence qualifying to be among the top ten technology trends that will affect the future market.

This is just but a touch of what analyst from Gartner revealed will be trending in the near future. By using tech scalability and the potential of being adopted by more people in the future, they listed future innovations that will not only disrupt but also solve most of mankind’s challenges.

Let’s delve deeper to understand the top tech trends that the future will mostly apply.

Blockchain Technology

Blockchain has gained huge traction on the ground and became one of the most popular things in the past decade, and therefore a more important one in the near future. Blockchain technology boomed when Bitcoin attained $20,000 per coin at the end of 2017, and many altcoins like Ethereum, Litecoin, and XRP ballooned in the market capitalization.

Blockchain is in the early stages of rollout and it possesses a huge untapped potential to solve most challenges with the day’s financial systems. With there being over 1,000 crypto assets in the market, and most organizations changing slowly to use the blockchain technology, the future is seeming to favor the technology.

There are many practical things that blockchain technology can be applied to make operations efficient and transparent. Just think of business activities that need middlemen to operate, then they can be solved by blockchain technology.

One of the features is smart contract that is being adopted by most organizations to get rid of middlemen who in turn deny fast and cheap services to customers. The blockchain technology will in the future be a huge contributing factor to most organizations’ net revenue, hence, it is healthy for organizations to start looking in ways to adopt the blockchain practicality in their business.

Artificial Intelligence (AI) and Machine Learning (ML)

Artificial intelligence and machine learning are two different terms, however, they are related technology innovations trends that will be highly applicable in the near future in most organizations. To differentiate them, AI is a system that is capable of doing smart things that are mostly considered to be done by humans. On the other hand, ML involves getting a system of combined machines with AI algorithms with capabilities of learning to perform a new task if fed with data.

The two tech innovations once combined, will be a huge game-changer in most organizations in the near future, which requires high-level efficiency in their jobs. However, it will create a new challenge of securing the systems from attackers, hence calling the computer security teams to work smarter than the attackers will otherwise AI combined with ML poses great security dangers to organizations.

A research conducted by Markets and Markets estimates that artificial intelligence will grow to $190.61 billion by 2025. This is a huge immature sector that organizations should be looking into. Mobile manufactures have been at the forefront of AI and ML technology in features like Alexa, Cortana, and also Siri.

Autonomous Things (AuT)

Autonomous things is a term which is used to refer to devices that run on the latest AI and ML systems. They are things with the capability of working independently of human intervention and finishing a given task successfully.

The world is experiencing a surge in the use of drones, autonomous vehicles and also robots in day-to-day activities, which were earlier perceived to be done by humans only. Autonomous things will make use of AI features to combine intelligent things and therefore get a smart space that is cost-effective to organizations.

Decentralized Cloud Storage System

With attackers finding their ways to sensitive organizations’ data containing customers’ information, most organizations are feeling the heat in the cost of the attacks. It has resulted to innovators working on decentralized cloud storage systems that offer organizations with a number of nodes to refer from in case of an error or data breach.

Decentralized cloud storage basically involves the distribution of the public or private clouds to different locations, whereas, the original cloud provider gets to update and maintain the system. In the near future, distributed cloud storage will be mostly in use by most organizations which will, in turn, help them gain more trust and transparency with their customers.

Device Democracy

Also known as empowered edge, is a term mostly used to refer to empowering computing edge, which is decentralized towards the end-user, and their devices. This kind of technology trend involves data processing, collection and delivery all centered towards the user.

Most tech analysts see a situation where edge computing will be very prevalent in most industries in the near future. To help in shifting towards edge computing, devices like drones and autonomous vehicles will significantly play big a role.

Hyperautomation

This is the use of complex tech machines to automate the handy work that was previously dominated by humans. Organizations should be considering to adopt this system in their industries as it has a huge potential in impacting a lot of people across geographies and industries.

In order to remain relevant and competitive in the future market, businesses will have no choice, however, not completely eliminating the need for human intervention. Hyperautomation will be an added advantage to most businesses as the per-worker output will be greatly enhanced, thus adding the value.

Gartner identified that Hyperautomation has experienced a sharp uptick in the adoption as of 2019. Organizations are aligning themselves to minimize the cost of production and at the same time maximize profits.

Data Traceability and Transparency

Organizations are storing huge amounts of customer-sensitive data in centralized cloud storage that are prone to attacks. This has pushed regulators to put governing laws on data traceability and transparency. Most customers too have come into realization that their information is costly and organizations should be held accountable for their actions with their data.

Organizations are implementing a range of actions to see the menace combated to regain the most needed customer trust. Some of the implementations include a supporting advanced technology that enhances traceability and transparency, legal practices that are designed to meet the requirements, and also the use of ethical practices.

In the near future, for a business to remain afloat and competitive, it will have to prove to its customers that their information is well stored in a transparent manner and above all, it is traceable.

Multiexperience

User experience in relation to the day’s technology trends has been changing with time, it is predicted that in the next ten years, a major dynamic shift will occur in how users relate and perceive the digital world. There are aspects in the current technology that will undergo a major shift to enhance the user’s experience.

Some of the aspects that will include conversational platforms, virtual reality, and also augmented reality.

It is predicted that user experience will shift from tech-literate users to user-literate tech, hence shifting the burden from the users to the computers. This will assist greatly in the multimodal and also the multisensory of user experience.

Human 2.0

This is a term mostly used in science fiction movies as it refers to technologies that are used or applied to enhance human capability and also productivity. Human 2.0 can also be referred to as human augmentation. The advanced technology can either be implanted on humans or just worn as an accessory.

The future that science fiction movies bring might be closer than you think or even here, this is because tech analysts are predicting that advanced technology is leading us there. Some of the devices that enhance human 2.0 include cochlear implants. Other devices are those that enhance muscle capability, also known as orthotics.

The advanced technology trends will significantly be used in the health sector and also other human-machine interaction industries.

Democratization of Expertise

This is a technological term that means making complex given tasks easier for people without the specialized skills to perform them. It is better understood by using the automobile industry, whereby, people who are not able to drive a manual car are covered and helped by an automatic car with automatic gear selection.

The trend on the democratization of expertise is growing rapidly across the board, whereby businesses are rushing to implement user-friendly tech innovations. In the future, it will significantly help build customer-business relations and in turn, increase the net revenue for the business.

Conclusion

Having an open mind will assist you to experience most of these future technologies with much ease of navigation. They might seem complex but at the same time, they are made to make human life experience much easier.

Combining most of the above technology trends in your business or industry will put you ahead of the game, and give you a better chance of competing with the rest.