It’s already mid-2020, and although the question that most people still strive to find answers for is what tech trends will shape the year. Although it’s only a few months to the end of the year, you should probably know that there is a lot in store, with regard to emerging tech trends.
Basically, 2020 is characterized by a competitive business climate. Thus has made organizations become smarter in how they do their businesses, by employing new technologies in a bid to gain a competitive edge.
Some of these tech tools have been designed to ensure that businesses and individuals alike remain effective always. A good example is the sybc go calendar which can be used on a desktop to ensure that you remain on your toes always.
So, what trends will shape the tech world in 2020? Here are top tech trends that you should be on the lookout. Although these tech marvels will shape the year 2020, you can rest assured that they will also play an integral role in the future.
You probably have heard about artificial intelligence better known as AI. Well, if you aren’t well. acquainted with this tech marvel, then you should know that it is one of the best tech ingestion of the century.
Ideally, Artificial Intelligence took the center stage in 2019. It is estimated that the total global spending on Artificial Intelligence in 2019 alone was more than $35 billion. As you would expect, this amount is expected to scale even higher in 2020. This is because about 78% of businesses are expected to use Artificial Intelligence by the end of this year.
But why is Artificial Intelligence so important? You may wonder. Well, AI is considered by many businesses as a savior in not only ensuring efficiency, but ensuring that conventional business operations are redefined.
Virtual Reality and Augmented Reality
Augmented reality as well as virtual reality are some of the most underrated tech trends today. However, these tech trends could probably see their revival in 2020.
According to recent statistics, close to 32% of businesses could implement the use of these technologies in a bid to enhance their productivity. However, these technologies are expected to be used more in the coming 3 years.
Today, virtual and augmented realities are used in many different fields, from virtual try-on jewelry to fashion concepts and many more.
Coupled with the fact that IoT tech is on the rise, it’s no secret that Virtual reality will also boom in 2020. Expect to see the implementation of At and AV in diverse markets, from real estate, manufacturing, training, and retail.
Progressive Web Apps (PWA)
The 21st century can simply be described as the social media age. Today, social is an integral part of people’s communication and interaction. Due to this, you can expect billions of users to connect to the web through their mobile phones.
In a bid to help businesses transition smoothly to an online experience, progressive web apps come in handy. Basically, PWA is a hybrid tech trend that aims to bridge the gap between websites and native apps to a mobile experience.
With PWA, businesses stand to benefit from lowered bounce rates, reduced development costs, and increased delivery time. It’s no surprise that some of the biggest online websites such as AliExpress, have implemented the use of PWA.
Connectivity is an important element in today’s way of life. After all, everything is done online today. And whilst there are countries that have no 4G connectivity, some more advanced countries such as China and the US already have 5G connectivity.
Even so, it’s worth mentioning that the implementation of 5G networks across different countries is quite dynamic. In 2020, it is estimated that revenue across the globe from 5G networks is estimated to be about $4 billion.
In 2021, 5G connectivity will have scaled further to be more than 340 million connections. With such a high level of connectivity, it is expected that different aspects such as transparency, privacy regulations, and security will be heightened.
Business Intelligence (BI)
With the presence of the internet and swift connectivity, you would only expect vast amounts of data to be collected by companies with ease. The data collected often goes a long way in ensuring that businesses make important decisions quickly.
While it can be daunting for businesses to process such a large amount of data easily, the good news is that more and more businesses are embracing business intelligence tech. They realize that business intelligence is inevitable in making their ventures successful.
Today, data analytics is offering many businesses crucial insights as well as vital patterns in evaluating employee and customer behavior. This way, businesses can easily implement or adapt to new strategies that can make crucial changes to their workflow.
Although edge computing is considered to be a growing market in the tech world, it is expected to explode in 2020. Today, Edge Computing is estimated to have a market growth rate of more than 50% and plays an integral role in different industries such as Telecom companies, data centers, content delivery, software providers, and cloud services among many more.
If you’ve been following tech trends closely, then you should know the buzz and fuss that Blockchain technology has. Though this innovative and foolproof tech was developed a few years ago, it is expected to create even more ripples in 2020.
Ideally, Blockchain comes with myriads of benefits for your business which include reducing costs, increasing transactional efficiency, and making payment processes more secure among others. With the above-mentioned benefits, it is projected that over 77% of businesses will, mainly financial institutions, will implement blockchain technology by the end of 2020. At the same time, blockchain technology is expected to have a total global revenue of more than $3.9 billion.