The year 2017 was an epic one in the technology world. In fact, the last couple of years have seen exceedingly rapid technological advancements that leave one wondering what tomorrow will bring. This notwithstanding, growth in the technology industry is expected to even accelerate further. There is a sense of unpredictability as far as tech trends are concerned. Nonetheless, some segments are aligned to lead the pack. Here are some of the technology trends that will define 2018.
AI and Learning have had their fair share of introductory and entry-level trials. According to Forbes, businesses no longer have a choice if they want to succeed; they must use AI and Learning to create and manage copious amounts of data. The retail sector, in particular, will be heavily influenced by Machine Learning. The healthcare sector deserves a special mention in discussions around ML. Going into 2018, It is also predicted that ML will be integrated deeply to bridge gaps between small vendors and large-scale vendors.
By utilizing the capability of machines to gather and process vast amounts of data faster, ML will be relied upon to create business solutions that are speedier and more efficient. As far as AI and ML are concerned, the foundation is laid and we will see the use of these technologies in almost every facet of life going forward.
Blockchain technology…or is it BIoT?
That blockchain has caused a distortion which cannot be ignored is no secret. With virtually every industry trying to create a version of a cryptocurrency, the blockchain technology is set to make big strides in 2018. The groundwork set by products developed in 2017 sets the tone for a more elaborate participation of blockchain technology into our lives.
One of the interesting elements is the anticipated integration of blockchain technology to IoT or what is referred to as BIoT. Successfully intermarrying the two concepts will influence developments in industries such as shipments and pharmaceuticals. Consider, for instance, the idea of using Application Program Interfaces. Broken down, it is the use of software to connect different databases and computer services. One of the ideas that have been floated is that using BIoT and API together, making it easier to get data from sensors.
As more ideas on the use of blockchain technology hit the market, more companies will begin to find ways of incorporating it into practical day-to-day use to enhance their bottom line.
Groundwork for 5G internet
According to Cnet.com, 5G New Radio, the next level world standard for wireless networks should be available for large-scale consumption by 2019.As such, it is forecast that a lot of work will go into the development of infrastructure upon which this technology will ride. Apparently, 5G has the capability to be 10 times faster than 4G.
Industries leaders such as Qualcomm, Intel, AT&T, T-Mobile among others have expressed confidence that the platform will come earlier than expected, thus raising the focus on heightened activity around the product. In particular, AT &T has announced plans to launch 5G mobile service in at least a dozen US markets by Q3 2018.
The technology developments that will shape the year 2018 will be fundamental in influencing lives. At the same time, the promise of groundbreaking work in almost all industries will create a market shift and unexpected disruptions. It is evident that individuals and organizations have become more experimental in their approach to technology use. However, absorption of some tech developments into the mass market will need calculated steps.
One of the early pointers that organizations are ready to test uncharted territories is the entry of online retail giant into the medical-equipment distribution business. Amazon has already acquired a license in multiple states to for distribution of healthcare equipment.
Finally, the effect of virtual reality, Augmented Reality and Mixed Reality will become closer to consumption by the mass market.