Technology is constantly changing. Certain trends fade away, while others gain traction when large companies invest in or industry sectors integrate them. The pace of technological development is increasing and it’s vital for companies to keep up with the latest trends to profit from the benefits and not fall behind.
Artificial intelligence is a hot technology trend. It is used in a myriad of business applications including voice and image recognition, smart assistants, and navigation apps. This trend is expected to see a greater adoption in the near future as improvements in hardware and programming allow it to be more easily accessible and affordable to implement.
The next technology trend to keep an eye on is blockchains as well as distributed ledgers. This extremely secure method for storing and authenticating data could revolutionize a range of business processes. Healthcare for instance, is adopting it due to its potential to facilitate trustworthy transactions.
Biotechnology is another field that is ripe for disruption. AI, automation, and DNA sequencing are causing this revolution. The possibilities include hyper-personalized therapies, gene-therapies and genetically-based recommendations for food and exercise. Companies must evaluate their bQ, or biological quotient, and determine whether to integrate these new technologies in existing R&D projects or collaborate with science based start-ups.
Drones and drones and unmanned aerial vehicles (UAV) are also a major trend to be aware of. These devices enable businesses to collect data and other information in remote or difficult to access locations as well as reduce downtime and costs.