In the world full of discoveries, it is impossible to ignore how technologies changed our lives. Despite the already impressive technological advancement, the technologies in 2020 present several unbeatable technology trends for all sectors.
Providing better solutions to various sectors is probably the number one reason why technologies are important. From enabling gaming lovers to play online games such as the Book of Ra to remote communication, technologies are an important necessity.
While some discoveries already existed and can be found in modern enterprises, new technologies and solutions are significantly changing the way people live and socialize.
As modern technology evolves to provide new solutions, it is essential to identify specific technologies in the future. Well, below are some essential technologies in 2020 you need to learn.
1. Artificial Intelligence
Popularly known as AI, artificial intelligence is among the many sought after technologies of the future. Modern AI enables machines to have human abilities and capacities to think, study, examine, and think without any human input. With ongoing technological evolution, artificial intelligence is becoming an important part of human life, using Google Assistant and Siri as perfect examples.
Through artificial intelligence, experts can use mobile computing to record emotions, study reports, and messages. Artificial intelligence is among the latest yet smartest advancements in information technology with endless benefits. But what does it mean?
What is Artificial Intelligence?
While it isn’t difficult to make sense from various types of technologies meaning, it is worth mentioning the accurate description of artificial intelligence. AI is the process where smart devices, such as computers and smartphones, complete intelligent tasks without human help by using specialized technologies.
Artificial intelligence is among the latest technologies where machines demonstrate intelligence like humans and animals. If AI is among the technologies you use every day, consider including it among the top technologies in 2020 you need to learn. This will make it easy to program machines to handle your daily routines.
That said, the future of artificial intelligence will probably surpass everyone’s expectations. The smart inventions will make it easy for humans and technology companies to accomplish a lot. Experts with extensive knowledge of artificial intelligence will undoubtedly have a platform of outshining in the IT world.
Apart from Google Assistant and Siri, other common artificial intelligence technologies we use every day include:
- Ridesharing applications such as Lyft and Uber.
- Social media platforms including Facebook, Instagram, Snapchat, and Pinterest.
- Voice to text functionality.
- Online shopping.
- Plagiarism checkers.
- Spam filters and smart email grouping.
- Commercial flights with AI Autopilot.
Advantages of Artificial Intelligence
Some of the benefits of incorporating artificial intelligence in various sectors include:
- Continuous work – unlike humans, machines work without breaks.
- Faster processes – machines work faster compared to humans.
- Cost reduction – AI models are almost free to operate.
- Personalization – experts can make accurate, personalized suggestions.
- Increases quality due to minimal errors.
Disadvantages of Artificial Intelligence
- Can be expensive to build and repair.
- Leads to serious unemployment as robots replace human functionality.
- If left in the wrong hands, machines can be destructive.
- Ethical issues.
With such importance, the Artificial Intelligence sphere is booming, with more companies switching to this crucial software technology. Among the popular companies leveraging AI’s effectiveness and accuracy, including Apple, IBM, Banjo, Google, Salesforce, Intel, AiBrain, NVIDIA, and many more.
2. Data Science
If you work in the IT industry or are well versed in technical knowledge, you understand the importance of data science. Without a doubt, Data Science is among the leading technologies in 2020 that changed the world of information technology. As the demand for implementation of this technology soars, so does the demand for expert data scientists.
What is Data Science?
Like other technologies in 2020, specifically in business, data science is extensive. It consists of many algorithms, processes, and inventions that exploit both structured and unstructured data to extract some useful information. It is simply a technologically based statistics and visualization method.
The life cycle of data science begins with data discovery. This is the process of identifying crucial data for business purposes. For instance, any company needs to identify any business-related needs of their clients. As such, data scientists need to structure appropriate questions to provide insightful information about the nature of their prospects.
Following data discovery is data acquisition. This involves extracting data from various sources, including servers, logs, and database. Data scientists should then transform and clean the acquired data to make sense of it. Since data is collected from disconnected sources, data science comes in handy when organizing and getting meaningful conclusions from the collected/raw information.
The future of data science is unpredictable, especially with its profound impact on businesses. As businesses understand the importance of studying client metrics, incorporating and mastering data science is among the key goals of various businesses. Businesses need to delve deeper into their data to achieve a significant competitive advantage, boost their business, and enhance efficiency.
Advantages of Data Science
- Empowers management and company leaders to make better decisions.
- Provide a basis for evidenced-based directions.
- Makes it easy to identify opportunities.
- Enables companies to test decisions.
- Enables easy identification and refining of the target audience.
- Makes it easy to recruit the right talent.
Disadvantages of Data Science
- Difficult to find an expert data scientist.
- A large amount of domain knowledge is required.
- Issues with data privacy.
Other technologies used with data science closely is Edge computing. As data science makes it easy for companies to evaluate various aspects of the business, Edge Computing complements the increasingly adopted Data Science. Furthermore, among the many technologies in 2020 to watch, edge computing has become mainstream and dominating in the market.
As mentioned, the quantity of data that businesses are dealing with continues to rise, especially for global enterprises. As such, edge computing is required to bridge the gap between data storage and computation. This comes in handy, especially in the current era, where companies focus on computing efficiency and response rate during data analysis.
Edge computing draws computation and data storage close to the business, thus improving response times and significantly saves on bandwidth. With huge amounts of data, there are bound to be problems with cloud computing. However, edge computing solves some of these issues, bypassing the latency associated with cloud computing, especially when inferring data from a data center for analysis.
With Edge Computing, essential data exists on the edge, making it closer to computing processes. It can be used to analyze time-sensitive information, even from remote locations, with no connectivity to centralized systems. Edge computing is equivalent to mini-data centers.
For some years now, blockchain has proved to be among the technologies in 2020 that will change the world. Blockchain made its initial entry by capturing the attention of most internet enthusiasts all over the world. Since then, blockchain has been spinning rapidly, making a significant presence in multiple organizations to date.
Currently, blockchain continues to evolve as its application extends to other sectors. Most investors and technology experts are on the path to uncovering additional uses and benefits of blockchain in various fields. Blockchain takes a unique place among the technologies in 2020 you need to learn.
What is Blockchain?
Blockchain caused ripples by providing secure payment and money transfer platform. It is a preferred technology that supports robust rock cryptography and allows the transfer and exchange of crypto coins. These processes are quick, effortless, and without any extraordinary requirements. Due to this, blockchain has drawn a significant amount of trust and respect from various entities.
Even with a technology degree, it might not be easy to understand the exact working formula of blockchain. Nevertheless, blockchain uses a simple application to complete its transactions. It is a form of digital currency generated by humans instead of conventional printing. Blockchain operates on software that generates crypto coins when an individual solves arithmetic calculations.
That said, the future of blockchain is unlimited. With endless experiments on how it can benefit various sectors, blockchain is set to evolve and surpass the new generation technology market. For instance, financial institutions have already taken the lead in establishing and incorporating Blockchain technology into their systems. This is probably because Bitcoin mania can phase banks out of the money transfer market.
Advantages of Blockchain Technology
- Unmatched transparency of transactions.
- Improved security.
- Increased speed and efficiency.
- Reduced transaction costs.
Disadvantages of Blockchain Technology
- Prone to cyber attacks.
- Difficult to modify data.
- Highly competitive.
4. 5G Technology
Ever since the announcement of 5G technology, there was a lot to expect from this modern communications technology. Despite 5G technologies news creating a buzz, most people were not sure of its capabilities. However, after being rolled out, 5G has brought along a significant revolution. The introduction of 5G brought a significant impact on many businesses in 2020.
What Is 5g Technology?
Better described as the 5th generation mobile network technology, this is a worldwide wireless technology and a sequel from initial 1G, 2G, 3G, and 4G networks. 5G makes it possible to connect virtually with different people and items, including objects, machines, and devices.
The highlight of 5G technology is that it delivers excellent data speeds, better reliability, increased availability, uniform customer experience, increased network capacity, and very low latency compared to previous networks. The technology features an extended capacity to handle next-generation innovations and deliver updated services.
With superior speeds, undoubted reliability, and almost zero latency, 5G brings a new realm into the smart devices ecosystem. The technology significantly impacts various industries, ranging from promoting remote healthcare services, e-learning, safe transportation, precise agricultural methods, remote working, to digitized logistics.
That said, what 5G technology offers today, its means of deployment, and how the 5G landscape will look like in the next few years will be quite different. The arrival of 5G has transformed the tech sphere and provided a completely distinguished mobile experience. As 5G evolves, it will change how people spend their lives, improve communications, and develop strong connections.
A future enabled by 5G technology will certainly have devices that communicate with each other, vehicles communicating on the road, unprecedented speeds of accessing information, and much more. However, note that such sky-high anticipations will come with its challenges.
Advantages of 5G Technology
- Amplified broadband for smartphone communication.
- Increased speeds.
- More reliable compared to previous technologies.
- Increased flexibility.
- The unlimited scope of integration to IoTs.
- Provides uniform and consistent connectivity.
Disadvantages of 5G Technology
- More expensive compared to other mobile network technology
- Increased risk of overcrowding the frequency range
5. Internet of Things
Currently, most cars, home appliances, home systems, and other elements in daily life are connected to the internet and each other. So to say, there will be an estimated 30 million IoT devices by the end of 2020. Most people can lock their doors remotely, track their fitness journey, hike rides, and much more. Using IoT devices such as smoke detectors make this among the few advancing technologies in 2020 helping the environment.
Even as most people benefit from various IoT devices, advancing technology is poised to widen the usage of these devices. According to IT experts, there is a small percentage of people with proper knowledge of how to leverage these technologies. Regardless, IoT devices have turned human lives sufficiently easy and convenient, especially because even the basic house chores can be done remotely.
Coupled with the extensive spread of internet use, the future of IoT cannot be underestimated. The current world is headed towards a total transition into the Internet of Things. These devices will have a significant effect on everyone’s lives.
Apart from connecting computers, laptops, and smartphones, the direction that IoTs is taking will have everything connected through the internet. From basic home appliances to industrial machines, the Internet of Things will turn everything smart.
Advantages of IoT
- Fast and efficient communication.
- Increased automation and control.
- Helps in making better decisions.
- Saves on time and money.
- Better quality of life.
Disadvantages of IoT
- Not all devices are compatible.
- Issues with privacy.
- Can be quite complex.
With every dawn, the news is full of new and evolving technologies. Modern technology comes with benefits of intricate connectivity and unmatched innovation. Apart from the technologies in 2020 that were mentioned above, you should also appreciate autonomous driving, predictive and personalized medicine, extended virtual reality, computer vision, DevOps, cloud computing, democratization, and more. Understanding the new trends and other significant dynamics in the tech world is key to enjoying the benefits of such advances in technology.
Do you know of any advanced technologies that could have an impact in 2020? Please share your thoughts in the comment section below.