The year 2020 was unlike what everyone predicted. The airborne disease morphed into a pandemic and shut the whole world down. The advent of technology had already evolved the way companies operate. Still, the COVID-19 pandemic made it an essential component for firms’ survival. Businesses that were yet to turn digital had no choice but to adopt technology to stay in the market. The novel virus continued to evolve the situation for the whole year, which resulted in on and off lockdowns. Companies explored the technological world and benefited from it by changing their practices.
Advanced technology has dominated organizations’ functioning and overpowered outdated systems. The use of cloud technology and data analytics has proven to be effective and yield great results. Many companies are not ready to go back to manual working and have planned to stick to technology even when the virus is over. Experts say that the upcoming era will see more technological advancements. Companies using the latest technology will have the edge over others. Today, more and more companies are opting for digital transformation and learning new technological trends.
The following are some emerging technology trends to watch out for in 2021:
The Internet of Things, commonly referred to as IoT, talks about billions of interconnected devices through the internet worldwide. IoT promises to bring incredible efficiency across many sectors. It helps industries update their operational processes by making them more innovative, secure, and flexible. IoT supports in improving functioning and deliver better outcomes. IoT is assisting enterprises in leaping digital transformation
Moreover, companies are looking for individuals who possess technical skills and in-depth academic knowledge to help with technology. Many people find online courses feasible to join this field as they allow them to create their schedules. Today individuals can opt for masters management information systems online and become a valuable asset for organizations.
A robot is a machine that physically interacts with the world and can carry out programmed actions. Although robots are not widely visible in the present age, they are expected to become common in upcoming years. Robots can perform a wide array of activities. From household chores to office functions, robots can act as per their programmed instructions autonomously or semi-autonomously. Companies are experiencing robots and are exploring different areas where they can take advantage of them. With the power of complementary technologies like artificial intelligence and sensor, robots can perform analytics activities. Robots will play an active part in enhancing operational efficiency and replacing the human workforce.
3. Artificial Intelligence
AI, artificial intelligence is not a new phrase, and many companies benefit from AI technology. Last year AI, data, and machine learning helped many companies run operations. AI will bring more wonders, and it will storm in offices. Companies can use AI technology to enhance their security. It has a speech and image recognition feature that helps keep data confidential.
Moreover, the use of virtual assistants will be more prevalent. Smartphone assistance will remind employees of their meetings and essential tasks. Aside from business functioning, AI has entered people’s homes. The technology gives suggestions when people stream online video websites or shop from different web pages. AI will bring further advancements to the forefront in 2021.
4. Quantum Computing
Quantum computing leverages quantum mechanics to deliver a leap in computation and suggest solutions to problems. The COVID-19 pandemic brought the functioning of quantum computing to the front. It played a crucial role in managing the spread of disease, developing therapeutic processes, and looking for vaccines. People have realized the power of quantum computing. In the future, they will use the technology in various domains, such as banking, healthcare banks, etc.
5G is the successor of 4G and fifth-generation mobile networks. It will enable a new network that functions in the same older networks but uses higher radio frequencies. It will take connectivity to new heights, and people will explore new technical opportunities. 5G features include lower latency, improved efficiency, and high unturned speed. The deployment of 5G will help other technological tools like IoT, virtual reality, and Blockchain. Organizations are already keen on integrating 5G technology to connect new industries and enable firms to give a better customer experience.
Cryptocurrencies are not a new phenomenon as several people are already using them. Still, many people are hesitant to try out the latest technology as many cryptocurrencies are not secure. Blockchain offers better security as companies cannot take away or offer change while dealing with Blockchain. The only feature it allows is to add. Experts predict that Blockchain will help companies trade overseas as they no longer need third-party financial transactions. Since Blockchain is consensus-driven, companies will not have a monopoly. It will be a treasured asset for companies’ different departments, such as Human Resources, to transform the payroll and recruitment processes.
Technology played a critical role in keeping firms operating in 2020 as the epidemic led to lockdowns. Many companies that were hesitant in integrating technology realized its benefits and are watching out for the new technological trends. Work from home was an alien concept for employers and employees. Today, now many companies are ready to infuse innovative work from technologies to enhance their functioning. Moreover, firms are using technology tools for data analysis and make informed decisions. Cybercrimes have become a threat for modern businesses. So, more and more companies are opting for different tools for cybersecurity. Firms are eagerly waiting for new technologies to emerge and are ready to embrace them in 2021.