It is not a novel fact that with technology of the future is constantly changing, evolving, and altering. Though, be it for the good or bad. Future technologies demand to be updated and managed accordingly. Making quite a big challenge for organizations who follow Internet of Things (IoT) as their protocol.
Artificial Intelligence (AI) for futuristic technology needs to aligned accordingly. The combination of both has an underrated outcome. For which the following article has the correct intent. Presenting you 5 future technologies that are the base of future inventions for businesses in the near future.
Artificial Intelligence (AI)
The future technology trends start with Artificial Intelligence being the foremost priority. It refers to the simulation or practical deployment of human intelligence by means of programming. The activities of human contact including language translation, visual perception, decision-making, and speech recognition are imitated through Artificial Intelligence. Whilst, as far as next-generation technologies of Artificial Intelligence (AI) are concerned, their real-life application is already deployed in million-dollar industries of Finance, Medical technology, Retail, Manufacturing, Transportation, and E-Commerce as well.
Technology trend of Artificial Intelligence (AI) goes beyond our imagination with regards to its future potential. As sectors including Education, Environment, Energy and Agriculture have the direct ratio of being compensating enough for AI. With advanced technology of AI, the benefits are never-ending. Foremostly initiating with the productivity and efficiency that it gives. Followed by a personalization impact throughout. Whilst, one of the most concerning risks attached to AI is job displacement of human capital.
Emerging technologies in this timeline are evolving to receive the due importance. Whilst, one of the advanced technologies in this regard is of Assistive technology. It is defined as any software, device or equipment that aids in making disable individuals lives easier. As this machine learning assistive technology contributes in enhancing independence, and improvise quality of life.
The real-life applications of assistive technology could be distributed in aids of four types including Mobility aids, visual aids, communication aids, and cognitive aids. Whereas, the Artificial Intelligence aspect of Assistive technology has the future potential to develop advanced prosthetics, personalized assistance, and BCIs (Brain-Computer Interfaces).
This emerging technology has an array of benefits when it comes giving the autonomous that an individual with disability deserve. Along with significant efficiency, customized catering, and independence in-hand Assistive technology halves the struggles of user. It is essential to make sure that AI-powered assistive technology is available and reasonably priced for all those who could benefit from it in order to prevent escalating already-existing inequities.
Internet of Things (IoT)
Technology trends has been overtaking the world in an eye-blink. An instance of which is Internet of Things (IoT). It objectifies as the interconnected network of physical devices, objects, and sensors that rely on software to exchange data sets. Over the internet these seamless communication media take place. Internet of Things (IoT) ensures that physical and digital world are connected throughout with human interaction in between. Some of the real-life applications of IoT include Industrial Automation, Transportation, Smart Homes, and Healthcare. Whilst, this futuristic technology has the future potential in the domains of Predictive Maintenance, Intelligent Automation, and Advanced Analytics.
Efficiency and Productivity are two of the advantages of IoT. Internet of things can streamline processes, automate jobs, and better utilize resources, which boosts efficiency and productivity in a variety of industries. Whereas Privacy Concern is one of the risks associated with IoT.
Blockchain is a digital ledger technology that connects nodes, or computer to ensure that verification and data recording takes place. This futuristic technology ensures that digital assets along with information is transferred throughout. As far as the technology for the future is concerned, supply chain management, cryptocurrencies, and Identity management.
Whilst, the future potential of blockchain is related to IoT, Decentralized finance (DeFi), and across voting systems. Transparency and trust are the two benefits of Blockchain technology, whereas energy consumption, and privacy concerns are risks associated with blockchain.
From the top 5 best technology of the future, Quantum Computing has its designated set of importance. It is the field solve technical calculations, and that too on a faster speed than computers typically. As far as the real-life applications of Quantum computing is concerned, cryptography and financial modeling are two of the most effective. Whilst from future potential viewpoint, healthcare, and medicinal drug discovery viewpoint are recommended a lot. Whereas benefits of this futuristic technology are defined as scientific advancements, and the most concerning risk is of ethical considerations.
ChatGPT is not the biggest invention of futuristic technology, the technology of the future discussed in this article are much enlarged and impactful. Thereby, brace yourselves to take full advantage of the technology.