Almost 60 years ago, the co-founder of Intel, Gordon Moore coined Moore’s law. It contained a prediction that would set the pace for the digital revolution. As per this law, computing abilities would drastically surge in power while declining in comparative cost, at an exponential rate.
This insight, along with the efforts of many engineers and computer scientists, has powered the speedy progression of the technology sector. The industry has speedily become a primary section of our modern economy.
The five giant technology companies like Microsoft, Amazon, Facebook, Alphabet, and Apple generated 37 percent of the S&P 500’s total profits in 2017.In the coming year, it has been expected that federal investments in the digital sector could reach up to 95 billion. In addition to this, internationally the public spending on digital services will reach up to $3.4 trillion by 2020.
Enterprises and consumers have so much potential to look forward to because frontline technologies are finally becoming sufficiently affordable to cater the mass market.
So, here are five tech trends to keep your eye on this year.
1. Blockchain
You must have heard about Bitcoin and Blockchain. At a high level, Blockchain technology is a technique of safely managing information and access. The primary focus of blockchain is the idea of delegation, which fundamentally allocates risk and power justifiably across players in a network.
Blockchain startups are looking for clever and niche techniques to elevate industries, by substituting intermediate parties (agents, brokers etc.) with smart contracts that mechanically authenticate actions without bargaining data security. Platforms like Filecoin and Gameflip are able to resolve important marketplace experiments, worth billions of dollars, which have been scaring ecosystems for years.
Companies like SparkleCoin are diving Blockchain adoption at scale by allowing consumers to buy actual services and products from world’s biggest online retailer via cryptocurrencies.
Related post: HOW TO BECOME A BLOCKCHAIN DEVELOPER
2. Internet of Things
As per BI Intelligence report, almost $6 trillion will be only spent on IoT solutions in the coming five years. This flood of investment has curved this once science-fictional notion into actuality.
At present, a majority of us wake up in our “smart beds” to a Bluetooth-attached alarm clock that interconnects with our wifi-enabled speakers. In a little while, all of our devices — like bird feeders, washing machines, and microwaves will be attached to the web. With geospatial information from all of our devices, tech-savvy organizations will be able to automate and optimize systems, eliminating inadequacies due to human error.
3. Virtual Reality
2018, seems like a year where VR is expected to go mainstream. Meanwhile, the technology is constantly evolving and players like HTC and Oculus iterate on their consoles, things seem promising for the industry as VR start to attract the masses.
One of the major hindrances to virtual reality attaining true scale is the formation of adequate content to appeal a wide band of consumers. As the industry has learned, onboarding hard-core gamers will not be sufficient to withstand a long-term exertion.
Outside of gaming, there is a huge amount of virtual-reality startups that are constructing high-value-add services, especially for enterprises.
4. Augmented Reality
The rise of Pokemon in 2016 was only the first of some applications of AR that will make a huge impact on society. Google and Apple just introduced both ARCore and ARKit and are pouring a modulation point for the industry. As software and hardware continue to augment, we expect to view more developers creating AR apps in 2018.
So, it is not just startups trying to get on the action. In fact, there are chances that majority of the world’s largest brands will invest their funds into building AR experiences to improve their user experience both outside and inside stores.
5. Chatbots
Enterprise apps of messaging bots appear composed to have a noticeable impact on the software space because companies invest in creating their own consumer-facing bots. Chatbots, at the most basic level, are front-end interfaces for businesses to converse with their customers. More progressive bots control artificial intelligence to deliver interactive and enriching user experiences.
Related post: 5 CHATBOT PLATFORMS TO DEVELOP YOUR OWN BOT IN 2018
Companies can implant these bots on their Web site, or they can depend on native platforms like Slack and Facebook for distribution. Expect to see companies across all industries, containing hospitality, travel, and dining, build bots for marketing services, sales customer support.
