For better or worse, the Covid-19 has accelerated the growth of technology at a rapid pace. The unexpected turn of events has been in the favour of technology and yet some businesses have not been able to overcome it. The pandemic crisis has turned the shift to a digital transformation where most of the transactions took place in the online platform. This forced various companies to turn to the digital way of business with which they will get more number of customers. Although the businesses are trying to cope up with the drastic change, it is important to keep up with the fast-moving trends in technology.
Be it Medical, Coding, Human Resources, Finance, or Marketing, each and every aspect of the business are being single-handedly managed by technological applications. Gone are the days where excel sheets were the primary source of data collection and for other needs. Today, there are multiple options that can be used to solve various issues with a click of a button.
Here are some of the trends which we can definitely look forward to in 2021;
- Artificial Intelligence: Already some of the big tech firms have rolled on the project of implementing the AI mode of infrastructure in every field. AI Edge is a network that predominantly used various devices to collect the data. With the implementation of lockdown, there is already a plan to start the edge computing process. The technology helps various companies to make smart and reliable decisions through continuous learning models.
- 5G: This is one of the most anticipated developments in the world. The 5G network is expected to reach an output of $13.2 trillion in the global economy and is also believed to create more than 22 million jobs by the year 2035. This is definitely a positive way to look forward technologically. This will also mean to improve the abilities of the people by improving their knowledge and practical capabilities. This move will definitely unlock several possibilities in technology as the shift goes to the Internet of Things (IoT).
- Automated AI in Finance: The banking and financial institutions, insurance companies are expected to increase their investment in AI by 2025. This will give scope to many job creations related to network and computer applications. For the same reason, the user-friendly AI platform will allow the quick building of various models and create an output that will help deploy AI on a large scale.
The technological development has reached a high magnitude where it is mandatory for all the new and existing firms to alter their processes according to the needs. For this, they must prepare themselves to be aware of all the trends to thrive in the market even in the future.