In this age and day, technology is shifting at lightning speed and is showing no signs of slowing down so it is something very exciting to be a part of and live through. Our personal lives have grown to be extremely reliant on the technology that individuals have put together. Professionals have also not too long ago made many breakthroughs in machine learning which imitate the process of genuine neurons. Other systems are still unfolding, and others will take more than a decade to progress. Keep on reading to find out about some of the most recent developments in this industry.
The next great stride forward will be from 4G to 5G which is anticipated to compliment the growing Internet of Things (the improvement of this will make it possible for us to have the internet and some form of technology embedded in practically everything we do). 5G will be a tremendous leap enabling split second reactions as well as less battery power needed to connect, meaning appliances can last considerably longer. This evolution will help to connect cities so they are better able to connect and establish authentic tech hubs. As a result this will make organisations more efficient at what they do. Writer Chloe Cornish talks about this further saying that the estimations for investing on the IoT could be almost as much as 132 billion dollars by 2020.
Artificial intelligence appears to be almost everywhere these days, yet loads of individuals can still learn a lot from its capabilities. This involves using great amounts of data to teach computers to execute a certain task. AI technology has made its way into lots of products and services along the lines of facial recognition and voice assistants in smart phones and on social networks. Professionals like businessman Richard Li will no doubt be excited about these digital advancements. Artificial Intelligence is certainly a new hot topic and loads of investors are flocking to invest in start-ups who are leaning towards this.
Digital technology knows no limit and is even transforming the appearance of the banking world. Chris Skinner is saying banks will seek to use these technologies to cut down on costs, automate various processes and distinguish service levels through data awareness. Online banking has really made it conceivable for people to gain access to banking services from anywhere in the world rapidly and easily. Lots of banks offer online portals where it's possible to log on and monitor all your spending habits over the past months making it simpler and easier to keep track of things. Banks are even trying out and testing new wearable apps such as for example on smartwatches. In addition technological advancements have allowed for greater data protection and management of sensitive information as compared to the former manual methods of safe-guarding bank data.