The emergence of new technology is so fast-paced these days that individuals and businesses have to constantly stay updated to remain relevant. In this article, you will learn about the leading tech to follow according to Adam Clarke of Macropay.
These tech trends have revolutionized industries and are set to have even more impact in the future. With the increasing preference for remote work and hybrid work, you would be preparing yourself for the opportunities that abound in tech staying updated.
This is also to have a grasp of technologies that you will need to advance your business and career.
Artificial Intelligence (AI), Machine Learning (ML) and Robotic Process Automation (RPA)
Artificial intelligence involves programming a computer to simulate human intelligence. This is a critical technology for most industries because it has the advantage of speed-per-output, the capacity to act independently, and can even make predictions.
1. Artificial Intelligence (AI) and Machine learning (ML)
A subfield of artificial intelligence, ML, is one of the most sought-after skills in tech today. It has gained a lot of popularity within the past decade because of its evolutionary prospects. According to Business Fortune Insights, the market size of this field is expected to have grown at a CAGR of 38.8% by 2029 and generate revenue of $190 billion by 2025.
Big data companies leverage this technology to predict customer behaviour. ML models have also been built across industries such as FinTech, health and retail. In these industries, they help in fraud detection, automation, disease prediction and diagnosis, customer segmentation and churn, respectively.
2. Robotic Process Automation
On the other hand, RPA involves the automation of processes by the use of software. This also saves time and cost. There are concerns that a surge in RPA technology will put a lot of people out of jobs.
But the RPA process, with its value projection pegged to be at $7.64billion by 2028, will not run itself. RPA developers and analysts will be in demand.
4. Virtual Reality (VR) and Augmented Reality (AR)
Virtual reality (VR) involves the creation of a virtual environment that simulates reality, while Augmented Reality (AR) technology improves this existing environment. Beyond its present popular use in gaming, VR and AR can be utilized by marketers to simulate reality when creating ads, in the health industry to train surgeons and even in rehabilitation therapy.
By the year 2022, the market size of global VR and AR is predicted to grow to $209.2 billion with mainstream application in no distant time.
5. Quantum Computing
A relatively unknown field to non-industry experts, quantum computing has many applications because of its quality to monitor data from all sources, query and analyze them. However, to process and analyze data at this level, a regular computer will not suffice. That is why quantum computers markedly known for their fast-processing speed are used.
With a growing market share and utility, quantum computing is expected to gross $2.5billion globally by the year 2029.
The heavy reliance on online databases and cloud services does not come without its pitfalls. Just as new technologies are being developed, cyber criminals are not at rest in launching cyberattacks, posing threats to the stability of businesses and the security of user data.
Cybersecurity experts ranging from security engineers to ethical hackers are therefore in demand to prevent these breaches. They are necessary additions to the IT team of any organization because they help sustain customer trust and loyalty.
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Author Bio: Macropay & Adam Clarke, An entrepreneur that keeps updated, especially regarding tech that can directly impact his / her business, is already a few steps ahead of the game. Adam Clarke of Macropay also notes that in this era of technology and digitalisation, entrepreneurship is all about the utilisation of technology to help the teams that propel an organisation forward.