The lookout

The lookout

Technology Trends

Top 5 Technology Trends These Days

We live in an era of technology-driven transformation that is redefining how business is done, how we help maintain the financial health and how we interact with customers. Every year new technological and unexpected trends come with wider impact horizons and promising business prospects. This year also we can see drastic exponential changes in every technological direction.

So here are the top 5 technological trends that have the potential to reshape the business operations.

  1. Artificial Intelligence

AI brings huge changes to business activities, reshaping the whole enterprises with the power of advanced technologies and software. It is estimated that by the year 2025 AI will become an essential tool both for redefining customer experience and for reinventing a broad variety of business models. Large organisations with over 100,000 employees are more likely to implement AI strategies into their business model and a major leap towards AI is on the way. Ideas that were hard to believe are becoming real and the constant development of machine learning and AI will make every business become data-driven and smarter.

  1. Blockchain

It is a revolutionary decentralised technology originally developed to store and exchange data for cryptocurrencies is making waves in many industries including payments, contracts, cloud storage, real estate and brokerage. This technology also uncovers its possibilities of security over the internet as it is decentralised and it’s nearly impossible to forge any digital transactions. Other industries where it is taking over is in online advertisements, Google AdWords expert say that it has the ability to build a customer profile directly from the customer gaining all the information the customer is willing to share allowing greater ability to market to customer’s needs.

  1. Internet of Things (IoT)

The internet of things can be found in almost any industry and everything is becoming smart. Whether you are in car, office, home or shopping, you are likely to interact with smart technology and this trend will continue to become more pervasive.

  1. Voice Search

It is no secret that voice search is on the rise and many consumers prefer the convenience of speaking over typing. This is not only faster but offers more detailed queries. The increased detail of search queries means that providers of SEO services in Australia and elsewhere will need to go beyond the simple keyword and phrases to rank and focus more on terms and phrases people are going to say out loud.

  1. Edge Computing

It is a computing model in which the data will be processed by each device connected to the network and not in the cloud. This seeks to reduce latency and network saturation. This technological trend is driven by increasing use of mobile devices especially for consumption of videos, virtual and augmented reality as well as massive deployment of sensors as part of IoT.

In the end, this year is bound to bring great progress in technological innovations where we will witness faster and more accurate AI applications and machine learning and various other exciting developments.