From Amazon’s Alexa to robots, artificial intelligence (AI) is growing every minute and receiving a great deal of buzz. AI refers to computer systems designed to imitate human insight and perform assignments such as recognition of speech, images, configurations, and decision making. It has the unique ability to do these tasks faster and more precisely than humans.
Five out of every six Americans have some sort of interaction with AI in their everyday lives, such as using Apple’s Siri. AI continues to be one of the most dominant technology trends, especially with the rise of smart home speakers, an industry worth a whopping $11.9 billion. This space is expected to be worth $35.5 billion in 2025 and shows no sign of stopping.
Virtual reality (VR) can be used in a variety of ways, ranging from gaming to surgery simulation. VR pulls the user into a whole different dimension while augmented reality (AR) just changes the user's area — an example of this is in the app Pokemon GO. Although VR has essentially been utilized for gaming up to this point, it has also been used to prepare a program that simulates encounters for the US Navy, Army, and Coast Guard.
VR is being used to help our doctors perform surgery as it allows them to make mistakes while doing it, but without the risk of hurting a patient. This exercise could become the next big thing for medical students, avoiding fatal mistakes in practice while ultimately helping people in need.
Cybersecurity probably isn't on your emerging technology radar, given that it has been around for some time. However, it is advancing just as much as other technologies are. The main thing keeping this industry fresh is the constant new waves of hackers. Hackers are constantly attempting to get to information and will keep on discovering different approaches to get past even the hardest safety efforts.
Cybersecurity advances are also due to the fact new technology is being adjusted to improve security. For the foreseeable future, we will have hackers, so we will also have cybersecurity as a developing technology to continually advance to guard against those hackers.
Robotic Process Automation (RPA)
Similar to AI and machine learning, RPA is another technology that is automating jobs. RPA is, in summarised form, the use of software to regulate simple tasks, such as interpreting applications, processing transactions, and dealing with data. RPA is currently used to do repetitive tasks that can get monotonous for most people.
Like with AI, it is estimated that RPA will threaten the livelihood of more than 230 million workers, which is 9% of the global workforce. But alongside this, RPA is also creating new jobs while altering existing jobs such as project manager, business analyst, solution architect, and consultant.
Cloud computing, formerly just a trend we used to observe, has become quite mainstream with major players like Google’s Cloud and Microsoft’s Azure. Cloud computing is still growing as more businesses migrate to cloud solutions. But it’s no longer the emerging technology. In fact, it’s being replaced as experts learn more about the shortcomings of cloud computing.
Edge computing is designed to help solve some of these problems and is a way to avoid latency caused by cloud computing. It’s called edge computing because it exists on the edge, closer to where computing needs to happen. For this reason, it can be used to process time-sensitive data in places with no connectivity.