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Business Tech Tendency to Watch out for in 2018

2017 has been an eventful year for technology with some milestones being achieved in various fields. We are not just talking about the iPhone completing its 10 years in the industry and Apple coming up with a masterpiece like iPhone X, but there are so many other technological advances which have made us look forward to 2018.

AR and VR were introduced to smartphones in the last few years and there are chances that 2018 might be the time when they become an integral part of every smartphone. Other technologies like the Internet of Things are also catching some pace and that day might not be far away when the number of smart homes will surpass the ordinary homes in the country.

While we look forward to the further development of these technologies, there are some other eventful happenings taking place too which will shape our future.

Rise of Business Bots

According to Awkward Media: Helping the business owners to work rapidly and assisting them in achieving their business goals, bots are going to be the future of freelancing and entrepreneurship. A report by Grand View Research estimated that the global chatbot market will reach $1.23 billion by 2025 with an annual growth rate of 24.3 percent. Toshi Mogi believes that entrepreneurs are going to rely on artificial intelligence to handle all the logistics and operations of their business. He says, “The entrepreneur will commission an assortment of business bots to bring their vision to reality.”

Virtual Reality to Replace Live Events

Instead of spending hundreds of dollars to watch a game or to see your favorite star performing, you will enjoy the entire scenario right at home. As per Piet Aukeman and Sonny King, “For those consumers that lack the VR hardware, the community can provide ‘VR stations’ in malls, transportation terminals, and open spaces.”

Increasing Popularity of Fog Computing

It was predicted that cloud computing will increase from $67 billion in 2015 to a whopping $162 billion in 2020 showing an annual growth of 19 percent. The amazing growth of the cloud services and dependence of such software can easily be configured by seeing the 43 percent annual growth of Amazon Web Services (AWS). The spending on cloud computing is increasing 4.5 times more than the amount spent on other IT services thus, establishing its importance.

The IoT Taking the World by Storm

As per Gartner, 8.4 billion “Things” are on the internet today and this is a 30 percent hike within a year. IoT is not just about the things, it is about what can be done when the things are connected to one another. IoT will also be forcing the mobile providers to move faster than ever and come up with 5G to support the various things which are already on the internet. The move is not going to happen overnight but is going to be revolutionary.

Blockchain it is!

We are not talking about Bitcoin, Ethereum, or other cryptocurrencies here but the technology itself which is behind them. As of February, Blockchain was the second top-searched term and this shows an increase of 400 percent, as reported by Gartner. The financial industry is seeking its future in this technology but the shift is not going to be anytime soon and it is expected that by 2020, only 20% of the financial trade will be done through trusted financial broker.

The Big Data Analytics

By the year 2020, 1.7 megabytes of information will be created for every human in a second, according to a few reports. Considering the heaps of data we are dealing with currently and in future too, it is unwise to ignore the concept of big data analytics. By integrating big data into healthcare, as much as $300 billion in a year can be saved that is equivalent to saving $1000 of healthcare cost spent on every man, woman, and child. People are looking forward to this technology because it will help organizations and enterprises to save as much as 60 percent in their operating costs.

The new horizons of technology are always being explored bringing about marvelous changes to the society. With increased collaboration, companies can achieve milestones quickly and by applying lesser effort.

 

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