As the new decade begins, its the perfect time to analyze and set trends for the coming year! Just think how much technology has evolved in the last ten years, which might excite you more for the next 12 months.
2019 has already lead us to a wave of technology trends & innovations, from the rise of 5G networks and social robots to Amazon’s Voice-Echo for shopping, because of which, Amazon is going to hit the business of $40 Billion by 2022!
As technology is growing faster than ever, businesses and individuals that do not keep up with the following tech trends run the risk of being left behind!
So, without further adieu, here is a list of some awesome tech trends!
Top 11 Technology Trends To Look Out For In 2020
1. Artificial Intelligence as a Service
Artificial Intelligence or AI refers to a computerized system built to mimic human behavior and intelligence to perform tasks such as image recognition, speech with decision making and finding patterns. AI can do these more accurately and faster than humans!
AI has received a lot of buzz in recent years, and it continues to be a 2020 trend because of the way it affects how we live our lives.
Did you know that 5 out of 6 Americans use AI services daily in one way or another? If you use navigation or map apps, streaming online services, personal assistants on smartphone and smart home devices, and more you’re using an AI-powered service.
With increasing use by different industries, AI is being used to schedule flights, forecast business risks, assess maintenance, improve power efficiency, and much more.
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2. IoT- Internet of Things
Multiple “things” are now emerging through WiFi connectivity, meaning they can be connected to the Internet—and each other. Hence, these things are called the Internet of Things, or IoT.
The Internet of Things has already allowed devices, home appliances, super-cars and more to be connected to and shared over the Internet.
IoT is the future and we’re only in the beginning levels of it: the number of IoT devices reached to over 8.4 billion in 2017 is expected to reach 30 billion by 2020.
This technology trend will also allow better security, efficiency, and decision making for businesses as information is collected and analyzed through the internet. It can enable forecasting maintenance, speed up healthcare, improve customer support service, and benefits for other various industries.
But the tech changes brought by the IoT are still under development.
In 2020 the IoT possibilities are said to shift to augmenting & automating and showcase how people experience the connected world.
3. Predictive & Personalized Medicine
Technology is moving medical care forward on an expanding rate. The potential to receive data about lifestyle from smartwatches (like Apple Watch, Fitbit, etc.) is providing medical professionals the ability to forecast and even treat possible health issues before a patient even has any symptoms.
In-fact, American insurance companies stated in early 2019, that they wish to stop selling traditional life insurance and will rather adopt interactive insurance schemes that can track data about fitness and health via wearable devices and smartphones.
This means the medical status of every customer will be tracked and considered by insurance companies only when the risks associated with their lifestyle and habits are determined.
When it comes to treating these patients, this technology trend will help doctors prescribe more personalized medicine, often referred to as predictive medicine. The info-driven understanding of how useful some treatments are on people will boost the healthcare market forward in 2020.
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4. Augmented Reality
Augmented Reality or AR means adding a blend of digital elements to real-life through visuals. It is being explored for many applications, from entertainment to medicine and education.
It is one of the most fascinating technology trends in recent years. It is something you could only imagine being part of Star Trek! Only now due to advanced innovations its being applied to real-life situations and possibilities.
Apple has finally adopted AR with a groundbreaking integration into its iOS operating system in 2019. This will allow immersive visual content to be a part of everyday browsing seamlessly.
The fact that the Google search for “Apples” will show 3D models on smartphones in place of simple 2D images in the coming year, is one of the many solid applications of AR.
Even in healthcare pitches, this revolutionary technology trend is helping in reconstructing tumors in 3D so surgeons can view x-rays in real-time and avoid any harmful radiation exposure to the patient.
A study predicts that the augmented reality market will grow to nearly $50 billion by 2021.
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Cybersecurity does not seem like an emerging technology trend, as it has been around for a while now, but it is evolving at the same pace as other technologies.
The evil hackers who try to illegally access data are not going to stop attempting to steal your personal/sensitive information anytime soon. They will continue finding tricks to get through the toughest security measures.
Therefore, you will always have evolving cybersecurity as a new technology trend, adapted to strengthen security to defend you against those hackers.
The number of cybersecurity jobs is growing three times faster than other tech jobs, as proof for a serious need for cybersecurity professionals. But, the market is falling short of skilled people to fill in these positions. As a result, it’s predicted that there will be 3.5 million unfilled cybersecurity jobs by 2021.
The world is sure to see an increase in investment, training, and education on this technology trend over the next few years and with personal data at risk, cybersecurity is more important than ever.
Blockchain has the significant capacity to digitally transform businesses, specifically for the financial institutions. While present in only a few industries right now, by the end of 2020, the world will experience its mass adoption.
The currency-market will see the launch of a blockchain-based cryptocurrency named Libra by Facebook, which might create quite a buzz in the coming year 2020.
An important Blockchain element- cryptocurrencies, will also be divided into several currencies and will be traded in the market on a high value.
- 77% of fintech firms are planning to adopt Blockchain as a part of an inside-production process by 2020.
- According to a study, by the year 2025, the business value added by Blockchain will engage more than $176 billion, then rush to exceed $3.1 trillion by 2030.
Blockchain is growing at an aggressive rate due to which it is one of the significant technology trends in 2020. Blockchain’s futuristic technology is definitely here to stay!
7. Edge Computing
Edge computing assists computation and data storage together closer to the collection device, instead of depending on one major location that can be miles away.
It is done so that real-time data, does not suffer storage issues that can affect an application’s performance and output. It also helps companies save money by allowing the processing done locally, deducting the amount of information that needs to be processed in a cloud-based location.
Edge computing is specially designed to help resolve some of the latency problems caused by cloud computing and getting data to a data center for processing. In those situations, edge computing can work as mini data centers to process time-sensitive information with limited or no connectivity.
Eventually, edge computing will increase with the increasing use of the Internet of Things (IoT) devices.
The global edge computing market is expected to reach $6.72 billion by the year 2022. Like any other growing market, It will also create various jobs, especially for software engineers.
8. Machine Learning
Machine learning or ML is a central element of Artificial Intelligence, but there are many divisions in the world of machine learning, including graphic models, natural language processing (NLP) and deep learning.
ML is capable of turning a vision of self-driving cars into reality, machine learning has already proven to be revolutionary for the transportation industry. Even the most conventional and traditional businesses such as the supply chain have been able to transform to a turbo speed with the help of machine learning.
This technology trend is also helping people to lead safer lives by carrying out jobs that could be extremely dangerous, like drones, and robots powered by ML have taken over highly risky tasks like bomb-defusing and testing gas pipelines.
According to a study by Forbes, machine learning is set to create a total revenue of $2.6 trillion in marketing and coming technology trends by 2020, and a value of $2 trillion in manufacturing and supply chain industry.
With the latest updates, machine learning is going to be a break-through in the coming year 2020.
9. Voice Search Technology
Voice search allows users to speak into a device rather than typing keywords for a search query to generate results. This technology trend uses speech identification to understand what a user is saying with high accuracy. It then delivers the result through voice to the user.
Voice search technology has been in the tech market for a while. Software like speech-to-text and voice dialing are some great examples of voice search and as we discussed earlier devices like Amazon Echo use voice search as its main functionality.
Due to these extensive features, this technology trend improves the user experience to the fullest– and because of that, by the year 2020, 50% of all online searches will be made through voice search technology.
Today, search engines like Google are placing more importance on voice SEO, in fact, a study shows that voice search eCommerce, is said to improve online purchases, website revenue, and brand awareness.
Thus, if you optimize your website for voice search, you will be ahead of your competition and see solid voice search rankings that will successfully grow your brand.
These technology trends are gonna be the center of attention for the tech world as we expect 2020 to be a year of innovations and possibilities.
Hopefully, these new trends will bring positive and valuable results, offering promising career potential now and for the coming future. Is there anything exciting in the world of tech that was missed on this list? Feel free to express your ideas in the comment section below.
Further reads :
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