It’s no secret that the world is changing every minute. Just in a few last years, significant progress has been made to take us to the new level. Moreover, in recent years there have been enormous advances in the IT sphere as well. Not only do we use new technologies to order food on the Internet, but we can also start a blog or sell goods through social networks.
In order to keep abreast of the latest news and keep up with the progress, we have prepared 8 latest trends, which are now leading in the IT world. Let’s dive into the details below!
Top 8 Trends You Need to Know Today
Below we’ve provided some information on the latest trends in the IT landscape.
1. Artificial Intelligence (AI) and Machine Learning (ML)
The term Artificial Intelligence (AI) is probably familiar to you, but not everyone can understand what it is and how it works. Almost 46% of the population use AI in their everyday routine. The simplest example of where we use AI is social media. When scrolling the feed or recommendations, we see only that information that may interest us. It’s not a coincidence – only the work of Artificial Intelligence.
Another example is an AI-powered Tesla’s latest car. Not only can it drive anywhere in the world itself with zero human intervention, but it is also able to dynamically respond to real-world situations and prevent accidents.
As you see, AI has great potential in transforming the world. Only by using AI systems can you automate the most repetitive, physical tasks and automatically manage contacts and execute action in business. This will ensure improvements in both process quality and efficiency.
Machine Learning (ML) is an offshoot of AI that allows computers to learn automatically from previous interactions with users. In simple words, ML algorithms are created so that machines are trained to capture and process huge amounts of data and then learn from feedback to think like humans.
Currently, many companies have already recognized the value of Machine Learning technology. Any business that wants to make predictions, capitalize on data to gain insights, improve relationships with customers, increase sales, or calculate your health risks can use Machine Learning to achieve their goals.
2. Internet of Things (IoT)
IoT expands to all spheres of our life and makes it more comfortable. According to Statista, the number of IoT capable or “connected” devices will reach 75.4 U.S. billion dollars by 2025. Moreover, 94% of businesses have already confirmed returns on their IoT investment. When your equipment or devices are paired with IoT technology, you can gain an advantage over competitors and derive significant benefits.
For example, restaurants can use smart sensors to constantly monitor the temperature of refrigerated food items. With the development of IoT in healthcare, wearable devices were made to gather essential medical information such as heart rate, oxygen level, blood pressure, etc. Logistic companies can utilize tracking tags on their vehicles to check how well their employees are performing the tasks. Companies can use workplace occupancy sensors to utilize their office spaces to reduce costs and boost employee productivity.
As you see, the potential of IoT devices is huge – from improving customer experience and reducing labour costs to collecting new data.
3. Extended Reality (XR)
In 2020, no one will be surprised by virtual reality. What about Extended Reality? XR is a mix of virtual reality, augmented reality, and mixed reality. XR enables companies to connect with consumers in ways that establish emotional connections and bring brands and consumers closer. XR reality has at least four benefits that are unavailable in another reality, such as:
- Allow people to transport themselves to different places
- Allow people to connect and collaborate on things virtually
- Deliver training experiences in potentially dangerous environments
- Effectively place rich data in context
According to Statista, in 2020 Health and Social Services are industries that are most benefited by XR, and it is 14% of all public sectors.
4. Robotic Process Automation (RPA)
A trend that will be especially important and useful for businessmen and large work teams. According to the latest statistic by Xorlogic, the use of RPA raised by 36% from 2007 to 2020 and will raise 33,6% more from 2020 to 2027.
So it’s time to start using this innovation. The system consists of several tools that help to analyze the data and operate them independently. If you have just expanded, or are going to expand, then this innovation will be especially useful for you, as well as the article on staff augmentation.
RPA is used to handle repetitive business processes fast and easily. Not only does it help you perform time-consuming tasks up to 70% faster than a human, but it can also trigger error-free responses 24/7. According to a recent survey, 66% of respondents were thinking about the expansion of RPA programs and 70% decided to invest in RPA. With that in mind, it’s imperative to identify business needs to take full advantage of RPA.
5. Edge Computing
Edge computing technology has a focus on optimizing the data-driven capabilities of any smart application or device by collecting real-time data, processing, and reporting closer to the end-user. For today’s companies, a superior customer experience begins with its applications.
Thanks to Edge computing technology, not only can you reduce internet bandwidth use and costs, but it also helps you optimize application efficiency from remote locations that leads to a lower abandonment rate and an increase in brand-loyal customers.
In addition to that, it allows you to deliver a better customer experience and improve app performance and security. According to Frost & Sullivan’s forecasts, all companies’ profits could grow by 157% using Edge Computing.
6. Quantum Computing
Quantum computing is a fundamentally different approach that leverages the laws of quantum physics. According to recent statistics, the overall quantum computing market is expected to reach 283 million U.S. dollars by 2024. Quantum computing will not replace today’s laptops and workstations, but it can solve specific and incredibly complex problems of a statistical nature.
In addition to that, it helps to eliminate an enormous range of possibilities that saves you a lot of time. For example, it opens up ample opportunities for drug development. Not only can it accurately predict the properties, structure, and reactivity of enzymes, but it can also model them.
With that in mind, it shows the potential to resolve problems of this complexity across many different industries such as transportation, finance, chemicals, telecommunications, and cybersecurity. In addition to that, it can do the following:
- Solve optimization problems in a very short time
- Strengthen cybersecurity
- Safeguard long-lived companies’ data assets
- Speed up self-driving vehicles with quantum AI
7. Security Technologies
In today’s digital world, cyber attacks and threats are evolving with incredible speed and becoming a day-to-day struggle for companies. According to recent research, most companies have unprotected data and poor cybersecurity practices in place. Since a lot of important information is stored on the company’s servers, it is very important to protect it by detecting real-time threats.
Here security technologies come into play. Not only do they help you improve detection, but they can also prevent data breaches. However, 77% of organizations do not have a cybersecurity incident response plan to properly respond to cybersecurity incidents. With that in mind, you should make a fundamental change in your approach to cybersecurity and invest in security technology to address any cybersecurity issue in your company.
Fortunately, more and more countries provide 5G connection that is 4 times faster than the one you are using. Currently, 5G is available in 378 cities across 34 countries. The main 5G benefit is the faster wireless internet connection that exists nowadays. Not only can you download a movie 10-times faster than before, but you can also chat in real time with live-streaming virtual worlds.
In addition to that, 5G makes healthcare systems more accessible. For example, doctors in China used a remote surgery system powered with 5G to treat a patient who was 1,900 miles away.
As you see, 5G changes our lives by connecting everything around us to a network that is 100 times faster. Thanks to low latency, high speeds and high capacity available on this network, you could also unlock the full capabilities of other hot trends such as the Internet of Things, Extended Reality (XR), and Artificial Intelligence (AI).
In today’s digital world, technologies are evolving faster than ever before. Moreover, they are increasingly becoming a core part of business strategy in any company.
With that in mind, companies should keep up with technologies to avoid the risk of being left behind. Not only do they need to identify and evaluate what technology will transform their businesses, but they should also know how to incorporate it to grasp the opportunities.
Author Bio: Roman Zhidkov is a CTO at DDI development. Roman is a professional with proven global leadership skills in product, software engineering, and technology strategy. Roman has a passion for establishing and managing global technological talent, for innovation and execution. His core expertise is in AI, web development, and other emerging technologies.