Top 5 Trending Emerging Technologies that will Reach their Peak in 2019

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Top 5 Trending Emerging Technologies that will
Reach their Peak in 2019
Emerging technologies are not just emerging
anymore. Blockchain, artificial intelligence,
internet of things, machine learning, augmented
and virtual reality and a few more have been
considered emerging technologies for several
years now. However, their rapid growth,
consistent presence and great potential have led
them pass the stage of emerging and can be known
as the prominent technologies. In the past few
years, interactive technological innovations have
allowed these technologies to become integral
parts of our lives. Understanding their
importance and acknowledging their potential,
organizations are diving deep into these
technologies to keep up with the rapid evolution
and stay ahead in the competition. Following are
few of the emerging technology trends
organizations should embrace to thrive their
businesses in 2019.
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Augmented analytics
Widely practiced Data and Analytics will evolve
into Augmented Analytics. Accurate data
analytics has proven to be the key to take the
most effective and insightful decisions that
ensure rapid growth. However, due to
technological advancements, especially Internet
of Things (IoT), there are 2.5 quintillion bytes
of data created each day. Moreover, 90 percent
of the data in the world was generated only in
the last two years. (Source) The humungous
amount of data means increased complexity in the
process of preparing, analyzing, and studying
data to acquire useful insights. Considering the
amount of data generated every day, it is
humanly impossible to analyze all the
possibilities. Thus, as augmented analytics
empower data scientists to utilize augmented
algorithms, it can help businesses take the most
insightful decisions. Augmented Analytics
leverages machine learning for an advanced data
analytics process that simplifies data
gathering, data modelling, data management and
data analyzing. With the usage of the most
effective augmented algorithms and tools, data
scientists will draw faster and accurate
conclusions, which will lead businesses to
achieve expeditious growth.
AI Empowered Businesses
According to the Gartner report, By 2022, at
least 40 percent of the new application
development projects will have AI co-developers
in their team. (Source) As AI and data
analytics go hand in hand, 2019 will witness
advanced AI-based technology innovations
resulted from the collaboration of data
scientists and application develop
ers. Innovative technology solutions will be
more reliable and substantial with an ecosystem
of improved AI algorithms and models. AI will
assist organizations on a larger scale with
consistent voice search assistance, increase
employee engagement and d evelopment with AI
based solutions, utilize machine learning to
analyse market analytics, provide better
customer services, smoothen and streamline daily
operation. AI will empower business to grow
rapidly by helping them to save time, automate
processes, provide assistance, increase
productivity and operational efficiency and take
informed decisions.
Blockchain
Blockchain brings what is required the most in
any business environment, Transparency. One of
the reasons why Blockchain has the potential to
remain in the top trending technologies in not
only 2019 but for many years. As it is quite
challenging to expand businesses in unknown
territories, Blockchain will make global
expansion easier and more secure. In addition,
organizations will be able to work and transact
with unknown parties without the need of a third
party. Blockchain came in to the picture due to
cryptocurrencies. Today, blockchain technology is
utilized to streamline complex management
process, lower costs, implement transparent
and secure channel, prevent hacks and data leak,
and increase cash flow. In addition,
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blockchain also ensures rapid growth in various
industries that includes legal, banking, real
estate, government, healthcare, manufacturing,
etc.
IoT Implementation
Except for the millions of devices being invented
that are based on IoT, its massive growth is
assured due to its acceptance on a large scale
across the world. When the total number of
connected devices across all access technologies
could reach 25.6 billion, Bain has predicted
that the combined market of the Internet of
Things will grow to 520B in 2021, more than
double the 235B spent in 2017. Businesses are
already taking advantage of IoT and they will
continue to do so in order to enable security,
safety, ensure informed decision -making process
with the collection and analysis of the right
data. IoT will improve business processes,
operation management, productivity, security,
increase revenue, understand customer behaviour,
decision making and much more. In 2019, 5G
connectivity will prove to be a boon for IoT
resulting in its exponential growth.
5G
As most of the trends highly rely on faster
networking, 5G will certainly emerge as a means
to bring evolution and faster growth. Quick
management of massive data, interconnectivity of
devices, integrated applications, faster
communication will empower businesses to grow at
an alarming rate. Businesses are already
preparing for 5G and making strategies to
leverage 5G in the best possible manner. No
matter what time it is, businesses always want to
take advantage of the latest technologies to
stay ahead of the competition. Today,
technologies are accelerating business
development and global reach. SO if you have
ideas or vision or even a wish to create
technology solutions for rapid growth? Or you
need need help with developing reliable, secure,
engaging and user friendly applications based on
emerging technologies, then write to us at
inquiry_at_cygnetinfotech.com