Technology keeps on evolving at an overwhelming speed. It is estimated that the Artificial Intelligence market will reach more than $80 billion. There are some high-ranking tech trends that you should be on the lookout for. Read on to find out which trend made the cut in this top 3 list.
1. Artificial Intelligence
Artificial intelligence has become one of the most popular trends in tech for a while now. You will find science and tech publishers such as Bentham Open writing new and exciting things about this trend in the tech industry. Research is being conducted to see if AI can change the way that industries operate. This is essential if businesses aim to develop new sources of growth. If this can be achieved, it can improve labor productivity which translates to economic growth.
However, developing countries are still lagging when it comes to the development of AI systems. This is due to different factors, such as funding, resources, and support from government structures. As a result, developed countries will continue to lead this AI domain.
2. Robotic Process Automation
If you own a digital business you should have an idea of what Robotic Process Automation entails. This technology focuses on the automation of different jobs such as collecting data and organizing transactions. You have probably come across a lot of automated emails recently. More businesses are incorporating Robotic Process Automation to handle certain tasks that are repetitive. This technology aims to provide many benefits such as new career opportunities for IT graduates.
However, many employees who have been doing these tasks will be unemployed when businesses integrate these systems into their operations. There are a number of considerations that should be made when automation is an option to improve your business model.
3. Virtual Reality and Augmented Reality
Augmented Reality has been mostly used in the gaming industry. There is a growing number of film companies that have also incorporated AR to create blockbuster movies. This technology can be used to simulate your reality by enhancing your environment. There are various industries that can benefit from the advancement of this technology. Creating virtual realities is an exciting way to learn more about technology.
In summary, the need to improve the quality of life will constantly increase the rate that technology advances. Technology trends will continue to find solutions for the most important needs of humanity. To find out more about tech trends to look out for, you should visit sites like Bentham Science Open.