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At present ‘Technology’ is the central word of every industry right from the finance to the food business. 2018 was an excellent example. The impressive technology is evolving at a rapid phase enabling faster changes and progress exponentially. Factors like leaps in computer capability, online data capture and connectivity are stimulating this change.
As we step into 2019, this year will be more of establishing groundwork than outright innovations. With that being said, we might see some long-hyped tech finally sees the light of day. These tectonic shifts have started creating opportunities for the new technologies to find its way to into concrete, practical applications.
Having said that, here are five technology trends you should watch for in 2019.
#1 Artificial Intelligence (AI)
Artificial Intelligence (AI) is a buzzword still and it is all about machines carrying human traits – speaking, reading, learning things from constant interactions and much more. We have been seeing more of a voice-based interaction these days, right from mobile phones to Google Home/Amazon Echo. This especially will be effective in regions where part of populations cannot read or write and can interact through voice to acquire knowledge. In fact, AI can do these things fast and accurately. While automation is all about AI, experts say automation will eliminate 73 million more jobs by 2030. Since there are lots of applications based on AI, it would be intriguing to witness how it unfolds this year.
#2 Artificial Intelligence in the HR industry
Human relations (HR) remain one of an integral part of some companies/business. The technology has completely redefined the role of human resources across the globe and is undergoing a radical change. With the technological transformation, it would offer varieties of tools to manage and engage people in the organisation in an efficient way. The emergence of AI in the HR industry can be a game changer like helping to perform the initial “interview” with a candidate through chat. This would help HR’s to shift focus from managing sources to driving profit for the company.
#3 Cloud computing the game changer
Cloud computing has witnessed unprecedented growth in the past few years. In fact, cloud-based applications are inevitable in today’s businesses where documents and other appropriate information can be easily accessed online. Moreover, the implementation of AI in clouds has the ability to manage the increasing complexity of cloud infrastructures. Furthermore, Gartner predicts that Public Cloud revenue will grow 17.3 per cent in 2019 to a total of $206.2 billion.
Inception and the recent exposure to Bitcoin have captured widespread attention towards Blockchain technology. Despite the fall of Bitcoin, the Blockchain kept evolving. This possesses tremendous value as technology and has the potential to disrupt enterprises of many kinds. Another significant advantage in Blockchain technology is its heightened security, which can be used to protect information like personal and medical data. All said and done, there’s no doubt that blockchain-based innovation will expand and accelerate over the next 3-5 years.
#5 Augmented Reality
Augmented Reality (AR) is expected to outgrow VR in a couple of years since many organisations are incorporating this technology across a broad spectrum of human activity from art and entertainment. One of the notable usages of AR in the health care sector is Telemedicine. For the uninitiated, telemedicine is a way of experiencing a medical consultation without physically being in the same room as a doctor. One of the major positives of AR is it can completely provide a personal experience to the consumer and facilitate an increase in both user engagement and brand recognition. It would be entertaining to see the growth in the upcoming days.
Stay tuned to Silicon Canals for more updates in the tech startup world.