In this age and day, technology is travelling at an icredible speed and is showing no evidences of slowing down so it's something very exciting to be a part of and live through. Our private lives have become extremely reliant on the technology that people have put together. Professionals have also not too long ago made many discoveries in machine learning which copy the process of real neurons. Other technological innovations are still unfolding, and others are going to take more than ten years to develop. Read on to find out about some of the most recent developments in this industry.
The next great stride forwards will be from 4G to 5G which is forecasted to compliment the growing Internet of Things (the progression of this will make it possible for us to have the internet and some type of technology engrained in practically everything we do). 5G will be a large leap allowing split second reactions and in addition less battery power necessary to connect, meaning appliances can last considerably longer. This development will help to connect cities so they are better able to communicate and develop authentic tech hubs. As a result this will make organisations more efficient at what they do. Writer Chloe Cornish discusses this further saying that the estimations for investing on the IoT could be nearly as much as 132 billion dollars by 2020.
Artificial intelligence appears to be almost everywhere these days, yet a lot of people can still learn a lot from its abilities. This involves using extensive amounts of data to teach computers to undertake a particular 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 media. Professionals like businessman Richard Li will without a doubt be excited about these digital advancements. Artificial Intelligence is certainly a brand new hot topic and a number of investors are flocking to invest in new businesses who are leaning towards this.
Digital technology knows no bounds and is even transforming the face of the banking world. Chris Skinner is saying banks will seek to use these technologies to reduce costs, automate various processes and differentiate service levels through data insight. Online banking has literally made it achievable for people to access banking services from anywhere in the world quickly and conveniently. Loads of banks offer online portals where you're able 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 on smartwatches. In addition technological advancements have allowed for greater data protection and management of sensitive information when compared with the former manual methods of locking down bank data.