Technology Trends that can have an Impact in 2021 and beyond
February 18, 2021
The sudden pandemic situation has forced almost every business to completely shift to digitized operations. With this rising demand for adopting new technologies, several promising technologies are now introduced to shape the way businesses function. But the question is what will be the new forms of technology dominating this year? So, here are some of the technology trends that we think can have an impact in 2021 and beyond.
Augmented reality has been a buzzword for quite some time and will continue to remain one of the emerging technologies that every business would want to adopt. According to research, the global market of AR is expected to grow 198 billion US dollars by 2025. Some businesses in various industry verticals have slowly started integrating augmented reality into their operations. From remote assistance and self-service using object detection to being part of our daily lives augmented reality has come a long way. By the end of 2021, augmented reality is sure to become further integrated into our daily lives. Check out our blog, 5 ways augmented reality impacts our daily lives to know in detail how AR already influences our lives.
Internet of Things (IoT)
Another trending technology is the Internet of Things (IoT). IoT is a way of combining real and cyber worlds. IoT can be described in terms of consumer perspective in a simple sentence as follows. It brings the internet and data processing to real-world objects and applications which can then take instructions from humans. For businesses, it is much bigger than this. IoT devices are everywhere now. From wearables that we use to track fitness to remote access to electrical devices at our home. It is said that by 2050, there will be 24 million interconnected objects around us.
Internet of Behaviour (IoB)
The Internet of Behaviour is an extension of the Internet of Things. The vast amount of data that is gathered through these IoT devices is understood in terms of behavioural psychology to provide insights into a user’s behaviour, preferences, and interests. Based on these data, companies come up with new strategies and approaches to create and promote products and services to their customers and by 2023, 40% of the population will be tracked digitally to influence behaviours.
Artificial Intelligence (AI)
Artificial Intelligence or AI is software that allows machines to perform tasks or act and comprehend a situation in a way similar to the human brain. We use artificial intelligence daily in one way or the other. AI is progressing rapidly and its application ranges from virtual assistants like Apple’s Siri and Amazon’s Alexa to self-driving cars. AI finds its major application in streamlining strenuous tasks of organizations. With machine learning and deep learning, applications can learn from the data and adapt accordingly.
5G or fifth generation of mobile networking technology has already been deployed in South Korea and will soon be implemented in other countries by the end of 2021. The need for a fast and reliable internet connection for video conferencing, remote works, and collaborations is very crucial now due to all business operations becoming digitalized. Being 10 to 100 times faster than 4G, 5G can easily overcome the network issues raised due to the global pandemic and can unleash technological possibilities for businesses and other technologies.
Quantum computing is one of the most revolutionary technologies. It brings breakthroughs in almost all fields especially in health care when it helped in the development of vaccines for COVID-19. It also has its use in other domains such as finance, banking, logistics, and more. Considering its infinite possibilities, we are most likely to witness its application more in 2021 and the coming years.
These technology trends have already started and you may witness some additions to this on the go. Visit this space often to know up-to-date details on the latest technology trends in 2021 and how it impacts our lives.