Technology is evolving faster than ever and understanding the key trends allows businesses ensure they stay prepared and don't run the risk of being left behind. So, in this article, let's have a look at the top five imminent technology trends expected to grow multi-fold in 2020.
1. Artificial Intelligence (AI)
Companies across the globe have started to use AI to improve the customer shopping and to streamline their business operations. Individuals are surrounded with AI services in the form of smartphone personal assistants, ride-sharing apps, home personal assistants, streaming services, smart home devices, and more. AI is also used to carrying out important tasks, such as to schedule trains, improve energy efficiency, predict maintenance, and so on. As AI-based systems continue to show improvement, the year 2020 will be increasingly looking at new improvements surfacing in AI. In this year, futurists predict a wider adoption and a growing pool of providers of various AI technologies.
2. Robotic Process Automation (RPA)
Like AI, RPA too is witnessing a huge boost of interest. In RPA, software is used to automate business processes like dealing with data, interpreting applications, processing transactions, etc. In RPA, repetitive tasks that people used to do are automated. And not just the menial tasks of a low-paid worker, but also 45 percent of the activities of financial managers, CEOs, and doctors can be taken care of by RPA. It is predicted that RPA automation will threaten the livelihood of millions of workers, but it is also creating new jobs.
3. Autonomous Driving
We aren't there yet, but 2020 will witness a lot of progress made in the autonomous vehicles industry. Take the example of Google's sister-company Waymo. The company completed a trial of autonomous taxis in California. It transported over 6200 people in the first month itself. This goes on to show that people are open to the concept and ready to adopt it.
However, autonomous driving technology will not be for cars alone, but also used to make trucking and shipping more autonomous. In 2020, a lot more companies will be showcasing a lot more concepts in this field.
4. Virtual Reality and Augmented Reality
VR and AR have been around for a few years and proven to have enormous potential in entertainment, education, and marketing. Currently, the major players in the VR market, include Google, Samsung, and Oculus. However, there are many startups looking for professionals with VR and AR skills to make progress.
From 2020, both virtual reality and augmented reality are believed to become increasingly prevalent for training and simulation. These technologies will also be providing unique ways to interact with customers.
5. Personalized and Predictive Medicine
Healthcare is moving from treating to preventing and the current technologies are making this possible efficiently. There are wearable devices like smartwatches that track our health issues in real time. There are also genetic tests available to predict an individual's future risk for cancer or cardiovascular diseases. Groundbreaking innovations in technology, especially in the fields of genomics and AI is helping get a better insight into how different people?s bodies are and what specific therapies or treatment methods work for each person. All this data empowers doctors to provide better, personalized treatments to their patients.
All through 2020, we will see many new applications of predictive healthcare and more personalized and effective treatments.