Technology is constantly evolving. Some trends fade away while others gain momentum when large companies invest in or integrate industries with them. The speed of change is breath-taking and it is essential for businesses to keep abreast of the most recent trends in technology so that they can benefit from them and not get left behind.
Artificial intelligence is a booming technology trend. It is being utilized in a broad range of business applications, such as image and speech recognition, smart assistants, navigation apps and automation. This trend is expected to increase adoption in the near future as advances in technology and programming allow it to be more easily accessible and affordable to implement.
The next trend in technology to watch is blockchains and distributed ledgers. This highly secure method of keeping and authenticating information could transform many business processes. For instance, it is being adopted by the healthcare industry due to its potential to facilitate trusted transactions.
Biotechnology is another area ripe for disruption. It is being driven by AI, automation and DNA sequencing. Gene-therapies, hyperpersonalized medicines and genetically-based suggestions on exercise and food are all possible. Companies must evaluate their bQ, also known as the biological quotient and decide whether or not to incorporate these technologies into existing R&D projects or work with start-ups based on science.
Drones and unmanned aviation vehicles (UAV) is another trend to be aware of. These devices allow companies to collect information and data from remote or inaccessible areas and reduce downtime and cost.