Technology is digitally transforming our lives in surprising ways. This article helps you understand some of the megatrends in digital transformation. It talks about 5G impacts, AI and Machine learning trends, blockchain use cases beyond crypto and XaaS.
Technology has transformed our lives with innovative digital solutions such as Cloud, Artificial Intelligence (AI), Augmented Reality (AR), the Internet of Things (IoT), blockchain, 5G, etc. They are all set to open the gates to numerous possibilities and opportunities. Out of all the digital transformations, 5G, AI, XaaS and blockchain are the most talked about. But why? Let’s try to understand the reason behind it and what these trends are all about.
As we already are able to harness the fast speed of 4G from the past few years, it is now time for 5G to take over. Leading telecom companies like Qualcomm, AT&T, Verizon, Nokia, Ericsson and Huawei are working on making 5G services globally available. Android phone manufacturers such as Samsung, Vivo and Oppo have launched 5G handsets.5G is all set to disrupt the digital world.
5G will not only bring faster broadband speeds but also offer more reliable mobile networks. It will also accelerate the advancement of IoT application such as smart cities, smart vehicles, smart manufacturing. In short, the true value of 5G will not be limited to phones only but also many other industries. It will help us make a smarter and better world as a part of this technological evolution.
AI and Machine Learning Trends
AI and Machine Learning (ML) play important roles in driving data analytics, the science to help us navigate through the huge pools of information. Both AI and ML provide speed, scalability, and convenience for data analytics. Seconds is all it takes to analyze large sets of data, which greatly reduces human efforts. The massive amount of analyzed data can then be stored in cloud. In short, AI and machine learning have made the analytic tools intuitive, easy to use, and reliable than ever. What’s more, these technologies are expected to improve considerably in 2020 and beyond.
Blockchain Moving Beyond Crypto
For years, blockchain was all about cryptocurrency. But it turned out to be a game-changer in the past few years with other meaningful use cases. For instance, Amazon Web Services (AWS) offers a subscription-based platform to to maintain verifiable, unchangeable transaction records with, or without a centralized authority. Other industry leaders also joined the league in democratizing blockchain technology including Samsung, Microsoft, IBM, and Alibaba.
Aside from applications related to trading and payments, blockchain is currently being used in food safety, airport security, intellectual property and royalties, and real estate management. We shall see more potentials of Blockchain in the future.
The wave of “Everything-as-a-Service” (XaaS) is set to gain momentum in 2020. It will be of great use even in the most hardware-driven sectors of technology. Many leading companies have either announced or planned to offer everything in their portfolio as a service by 2022. The whole IT sector is eyeing out to move on-premises as-a-service as we continue to witness the evolution of onsite, off-site, cloud, hybrid etc. The process will take place along with big data, analytics, blockchain and more.
The more mature foundational technologies will continue to find applications in different industries. . Digital transformation is no longer a choice. Equip your team with the right mindset and tools for innovation before it’s too late. Drop us an email at [email protected] to learn more about the benefits of our digital transformation solutions for your business.