Are you in line with the rapid pace of adoption of emerging digital technologies?
Does your company have a good base for SMAC (social, web, analytics, and cloud) to leverage the new technology developments that will push the post-digital wave?
Will you have a digitally advanced workforce to deliver personalized goods and services that respond to ever-changing realities?
Okay, these are the main questions that companies will need to ask themselves about before they assimilate the new 2020 technologies.
In the post-digital world, along with digital realities, similar goods and services would be hyper-personalized. And to decode this, we’re going to need a technology vision this meets the demands of ever-changing on-demand experience.
Where does your company stand in a digital environment that is changing from web, internet, analytics and cloud (SMAC) to distributed ledger and quantum computing? To explain this issue, we’ve come up with the latest trends in technology that you can integrate into your company.
To understand these questions, we’ve come up with the latest trends in technology that you can integrate into your company.
New Technology Trends for 2020
If you’re still curious about the next technical breakthrough, take a look at the current technological developments that our experts have hand-picked in the specific research methodology:
1. 5G Network
The introduction of 5G is one of the most exciting emerging innovations that will have an impact on companies in 2020. Several industry analysts have defined 5G as the future of communication, and to some degree it is valid.
“5G wireless networks would enable a 1,000-fold increase in capacity, connections to at least 100 billion devices and 10 Gb / s individual user experience with extremely low latency and response times, as Huawei said. “The implementation of these networks will take place between 2020 and 2030.”
Nonetheless, in order to carry this speed to daily mobile users, mobile network operators would need to increase capacity and reduce network costs. Nevertheless, LTE penetration is not increasing and is expected to hit $672 billion by the end of 2020.
2. Autonomous Driving
We’ve all heard about companies like Tesla, Alphabet, and Waymo, and the one thing that’s similar among them is their objective of designing impeccable autonomous vehicles. The possibility of a driverless car in itself gives rise to a tremendous amount of anticipation.
Tesla Ceo Elon Musk already has the potential concept of autonomous vehicles and plans to make a significant difference in this field.
During the interview, Elon said, “From our point of view, if you quick forward a year, maybe a year and three months, but next year for sure, we’re going to have over a million Robo-Taxis on the track.”
Functions such as automatic braking, lane-changing and automation of other in-car systems are on the way to streamlining with data collection and analytics guidance.
Gartner analyst Mike Ramsey, however, thinks differently, which definitely has a point,
“The idea that you can have a vehicle that can make complex decisions for full self-driving is just not plausible at this point.”
There is still time for the regulations on autonomous vehicles to be updated by lawmakers, regulators and authorities. In addition, major improvements in existing infrastructure, regulations and social attitudes will be required before we can embrace autonomous vehicles in the current technological trends. Nevertheless, both of these determinants can not rule out the probability of autonomous vehicles in 2020.
3. The Empowered Edge
Today, the key issue of any company is the lagging approach that often affects the overall management of operations. The industry, therefore, focuses more on the performance and response rate of computation, from which data processing is carried out. Here comes the function of edge computing.
Edge computing takes data storage and processing closer to enterprise and thereby increases response times and saves bandwidth. It also weighs more like the new technological trend, since the industries are increasingly empowered with sophisticated and specialized tools, which are required to that latency.
From now on, edge computing is driven by the rapid development of the Internet of Things (IoT) and, in the future, an unstructured network will be built over a range of distributed cloud services.
For example, we have drones that interact directly with the IoT business network and perform peer-to-peer exchanges. There is an growing application of data, sensor, computer, and advanced AI capabilities. One such example is Amazon’s new package delivery drone.
4. Democratization of Technology
The term democratization derives from the word democracy. Much like in democracy, everybody has equal rights and obligations, so the democratization of technology applies to the open access to the technological domain to all, regardless to their occupation and position.
Gartner concludes that there are four main elements of the technology democratization phenomenon that will make it big in 2020:
- Application development
- Data and analytics
Developers who would be able to create data models without having the expertise of a data scientist can be credited with the best example of democratization.
Nevertheless, there is also concern about the potential use of this new development in information technology, as it would also allow people to make use of easy-to-use technologies that could benefit society.
5. Distributed Cloud
Data storage and cloud computing developments are already being adopted by companies across the globe, and the cloud distributed network is the next big thing that is going to reach the tech world. Distributed Cloud helps link the cloud-distributed public cloud service to different locations.
It is estimated that by 2020 75% of enterprise-generated data will be processed independent of the centralized data center. The new technologies to arrive in 2020 would be a big advance in cloud infrastructure.
Distributed Cloud is still in its infancy and there is a long way to go. Many companies are up with their service subsets to be used in a distributed way.
6. DARQ Age is Here
Distributed Ledger Technology (such as Blockchain), Artificial Intelligence (AI), Extended Reality (including Virtual and Augmented Reality) and Quantum Computing, abbreviated to DARQ, shape one such future 2020 technology phenomenon that business will consider. Therefore, as you discuss recruiting, training, and retention of workers in 2020, keep DARQ in mind.
Volkswagen, for example, is already cashing in one of the biggest developments in technology in 2020. Quantum computing was used to test traffic flow optimization and accelerate the production of the battery.
The organization is likewise trying conveyed records to give programmed installments at service stations, make carefully designed odometers, shield vehicles from programmers and that’s only the tip of the iceberg. Correspondingly, it’s utilizing AR directions to help administration representatives fix vehicles.
Taking all these utilization instances of DARQ into thought, we can say that its reality in 2020 is past shadow of uncertainty.
7. Individual Profiling
Computerized joining into individuals’ lives has become so profound that information investigation has more data than they would ever break down with current innovation. As purchaser examination turns into a rough need of each business, the most recent tech pattern is profiling customers by analyzing how they associate with the innovation close by.
To examine the portals to profiling client spending designs, we have to respond to questions like:
- What web based life applications do they most visit?
- How would they clergyman their social profiles?
- What pictures do they post?
- What all spots they look into via web-based networking media?
The stunt here for organizations is to incorporate and adjust to a person’s inclination for the most recent innovation. Gillette is one such model that has banded together with 3D printing startup Formlabs to offer redid razor structures.
In spite of having a promising future, a top innovation pattern like this brings up one glaring issue – where is buyer assent right now and where do we draw the socially satisfactory line and by what means will this line contrast from purchaser to shopper?
All things considered, for that, we need to pause and watch the way where individual profiling is sent by the organizations in 2020.
8. Simulated intelligence Products
Counterfeit innovation or AI is definitely not another term in the IT circle, yet now there are further verticals of AI that are forming the ventures comprehensively.
Simulated intelligence innovation patterns, including items like AlterEgo, a brain understanding wearable, and resident robots like Sophia, are just a promotion to how large AI innovation will get in 2020. Organizations like Dominos and Doordash are as of now trying different things with automatons and robot conveyance.
While these new emerging technologies are still brimming with human safety-threatening glitches, but looking at their vast prospects, AI supplements are expected to become a technology trend in 2020.
9. Information Policing
Since the time the European Union’s General Data Protection Regulation (GDPR) fixed the jolts on security and information assurance laws, organizations and purchasers the same have gotten increasingly mindful of their weakness to information break and digital assaults.
As per Gartner, by 2020, almost 70% of associations will be presented to individual information filing. That is a 60% development since 2018 when the number was at 10%.
Actually, developing innovation patterns like digital money will be one of those up and coming advancements that are yet to be agreeable with protection laws. An addition of individual information into open blockchains can be a significant concern for 75% of open blockchains by 2020. Therefore, a whole biological system, in view of information driven innovations, that is continually developing in its interconnections is a key tech pattern that organizations can profit by fashioning at an opportune time associations.
10. Flashing Markets
Ongoing chance to catch “passing markets” will change the substance of client investigation and publicizing in manners difficult to envision. As advanced real factors get progressively refined and limited to a select truth of every minute, worldwide innovation patterns will adjust towards more tweaked and on-request encounters to satisfy client needs.
To do this, organizations should consolidate ongoing examination abilities with modern back-end frameworks to catch continually changing client needs. Matching this with continually refreshing advanced socioeconomics will open new back streets for organizations to find neglected client needs.
Computerization is intended to expand individuals and impel business tasks. It joins bundled programming, AI, and computerization instruments to convey the outcomes. In the following couple of years, robotization of information science will enable researchers to produce propelled examination.
For instance, organizations in retail will need such modern mechanization to rival clerk less AMAZON GO stores. Computerization has just had us invite clerk less AMAZON Go stores over the US, yet as indicated by CNBC, the number will be 3,000 of its clerk less AMAZON GO stores by 2021.
According to a PWC report, automation will go through three waves of automation:
- Algorithmic displacing around 3% to 30% of jobs from the early 2020s to mid-2020s.
- Augmentation increasing these percentages higher as technology improves itself.
- Autonomy wave that is predicted to surface in the mid-2030s.
12. Reskilling Human Workforce
At the speed at which machines are learning and upscaling, the human workers’ digital sophistication will be a must-have in the latest technology trends in 2020. The present human workforce is dealing with a disruptive digital transformation where cloud, analytics and digital wave may still stand essential for groundwork but are no longer the crown jewels of “disruptive technologies.” Yet the human workforce is still recruited, trained, and assessed in pre-digital ways.
To integrate the new technology of 2020, businesses need to train their workforce in a post-digital manner. For instance, the next-gen workforce needs to be trained in Augmented Reality, Virtual Reality, Internet of Things, Blockchain, and Artificial Intelligence, among other future trends in technology that are bound to make an appearance in technology vision of 2020.
13. Medical Upgrade
A much-anticipated tech trend in 2020 will be sophistication of technology upgrades in the medical field. 3D printing will open a new business of advanced prosthetics as many universities are expanding their research in 3D printing of bionic body parts.
Scientists at Princeton University, Princeton, NJ, for instance, have 3D printed a “bionic ear” that can “hear” radio frequencies far beyond the range of normal human capability.
Similarly, telemedicine and virtual diagnosis powered by AI and AR will need businesses to rework their business model in medicine.
15. Digital Debit
Facebook’s cryptocurrency project Libra is expected to be completely fleshed out and in sync with government regulations by 2020. As cryptocurrency gains stronger credibility and digital payment systems like Google Pay and Amazon Pay grow in use, traditional banking will lose its ground.
In 2020, traditional banks will hold a greater value, but businesses will need to carve out the adoption space for growing digital transaction sources. It’s no coincidence that banks like Bank of America are gathering blockchain patents.
Key Takeaways of 2020 Tech Trends
- Businesses will need to adapt to a transition from social, mobile, analytics and cloud (SMAC) to Distributed ledger technology (such as blockchain), Artificial intelligence (AI), Extended reality (including virtual and augmented reality), and Quantum computing (DARQ)
- Personal profiling of consumers by analyzing their social profiles, where they check-in and what products do they tag among other parameters will change marketing for businesses.
- Businesses will require the reskilling of the Next-gen workforce to be trained in 2020 tech trends such as Augmented Reality, Virtual Reality, Internet Of Things, Blockchain, Artificial Intelligence.
- Ever since the European Union’s General Data Protection Regulation (GDPR) laid the foundation for data privacy regulations, businesses will need to adapt their analytics to similar guidelines in 2020 to protect user information.
- Real-time opportunity to capture “momentary markets” will require businesses to update customer analytics and advertising.
- AI products like AlterEgo, Sophia (robot) and driverless vehicles from companies like Tesla, Uber, and Volvo will get more sophisticated in 2020.
- 3D printing will open doors to bionic body parts processing, while telemedicine combined with AR diagnosis will upgrade businesses in medicine.
- Automation in businesses will ride in three waves: Algorithmic, Augmentation, and Autonomy implying that automated stores like cashier-less AMAZON GO stores will surface, increase and lose all human workforce in stages across 2020.
- Traditional banking will get a little weaker with Facebook’s cryptocurrency project Libra and the growth of digital payment systems like Amazon pay.
- 5G will support 1,000-fold gains in capacity, connections for at least 100 billion devices and a 10 Gb/s. While this means faster browsing for businesses, the unimpeded growth of LTE still questions 5G.
What’s Next in Technology?
Technology trends in 2020 will come with both unfathomable innovation and intricate connectivity, drawing the social responsibility of businesses to respect the ethical lines of the consumer data breach. According to the PwC report, AI Products by 2030 will contribute over $15.7 trillion to the global economy.
Analytics will see dramatic changes for businesses in terms of product modification. A machine learning app developed by Sam’s Club is already using machine learning to analyze customers’ past purchases and auto-fill their shopping lists. It also plans to add a navigation feature, which will show optimized routes through the store to each item on that list.
While this suggests more sophisticated consumer satisfaction and better business, it also begs the question of what is the real cost of consumer analytics in 2020 collected for these services.
In 2020, business not only needs to come together to form a cyber-secure ecosystem but also review their take on data analytics. For that to happen, the present staff needs to be well trained for the latest trends in technology and the process should be followed accordingly. We expect to catch sight of a technological advanced world with conclusive use cases of all the above mentioned technologies.