5 Future Technologies to Plan For Pronto

 Future Technology  Comments Off on 5 Future Technologies to Plan For Pronto
Feb 172017
 

Technology is a critical part of running a business and every entrepreneur should always be on the lookout for the latest technology trends to do well in the industry. And with new things coming out every so often, it’s best to know which ones will give you leverage over your competitors.

  1. IoT

Today, you can do more a hundred things with a small device that you can carry in your pocket, from placing orders to your suppliers to presiding over a teleconference with your team from different parts of the globe. The Internet of Things or simply IoT is basically the idea of connecting any device or equipment with on and off switch to the internet. It helps in operations and logistics. IoT can also be used to make your personal life more convenient and simpler. That said, applying this technology to your business and personal activities offers a myriad of opportunities.

  1. Blockchain

As a type of distribution ledger, blockchain shows great potential for your enterprise, whatever industry you belong to. It can be used for the distribution of music, verification of identity and for those in the shipping industry, for recording distribution of shipping containers. Since it is associated with cryptology and bitcoin, a blockchain is not easily tampered so it is secure. With this technology, business processes will be speedy and transparent. Moreover, business transactions can be streamlined, thus supply chain will be more efficient.

  1. Automation and the Gig Economy

While automation is already being applied in most business, not all entrepreneurs are taking advantage of digitalizing the way they conduct their businesses. With automation, say in factories and plants, equipment operators just need to be trained to operate the machinery and production will be higher. It will also open other jobs for people. As for a gig economy, companies will benefit from getting skilled workers and specialists and pay them for the job, per se, no overtime pay or benefits.

  1. Virtual Reality and Augmented Reality

When Pokemon GO was released last year, it became a craze, although it also died down after a few months. Some video game developers have also started using VR and AR in their games and consumers are catching up. However, this year, there two technology trends are expected to be in the mainstream, with more businesses using AR and VR to improve customer experience. Different industry sectors will benefit from these two, such as, retail, construction, fashion and film, to name a few.

  1. Artificial Intelligence

Most of us have heard about the concept of AI from the movies years ago and seemed to be impossible to happen for real. What we can imagine is a talking robot that is similar to us, humans. Today, there are two versions of AI, deep learning and machine learning. This year, we expect to see AI to be applied in our systems. Machine learning is more on learning using statistics and coming up with guidelines while deep learning leans more on educating oneself with the use of data. With big tech players like Amazon, Apple, Google and IBM in the game, there is no doubt AI will be a trend this year.

Reference

http://searchsap.techtarget.com/feature/SAP-futurists-name-five-future-technology-trends-to-plan-for-now

 

4 Major Paradigm Shifts Will Shape Future Technology

 Future Technology  Comments Off on 4 Major Paradigm Shifts Will Shape Future Technology
Jun 092016
 

For the past decades, we can see technology following a predictable path, where integrated circuits chips are becoming advanced to create smaller, but more power, devices and manual processes have been automated, allowing for increased efficiency and productivity. But today, this trend is anticipated to most likely change in the near future, where there is expected an extreme disruption in technology. As information technology would decrease in phase, second-order technologies—robotics, nanotechnology, genomics, etc—will become the center of attention, automating routine cognitive work. During this time, there will occur four major paradigm shifts that all of us should prepare for.

First, there will be a shift from chips to the system. While the Moore’s Law has helped power up the Digital Revolution to a level where computers have become more powerful and functional, while becoming cheaper, it is said to be nearing its end. There would be too many transistors to squeeze into a chip, causing them to malfunction or take too long for them to communicate with each other, also known as the von Neumann bottleneck. Well, this can be solved by shifting from the chip to the system, which is particularly called “3D stacking” that combines chips into a single three-dimensional chip. Though this can be difficult, as we have to devise new chip designs entirely, it would increase speeds at significant levels to sustain progress.

The second one is a shift from applications to architectures. Innovations, such as office document processors and graphics creation apps, have engendered the widespread use of computers, with the internet allowing for emails, e-commerce and, then, mobile computing. Basically, applications are running today’s world. So far, these programs that are taking place on devices using central processing units are working well enough, but for more advanced functionalities that we want computers to do, like those of self-driving vehicles, the von Neumann bottleneck also causes some limitation for progress. So, the solution would be to move from developing new apps to developing new architectures that have the capacity to handle these apps better. Well, there are already some technologies that can help us reach this level, such as neuromorphic chips, quantum computers and the new field-programmable gate array (FPGA) chips.

As for the third major paradigm shift, it is from products to platforms. While great businesses in the past have made their way to prominence by creating a single specific product, companies today achieve success by making money out of platforms. Great examples are the iPhones using the Apple App Store, Android devices using the Google Playstore and Amazon earning most of its profit from using third-party sellers. As you can see, platforms are very important as they allow people to access technological and business ecosystems, which we will see more in the future.

Lastly, there will be a shift from sustained periods of growth to shorter ones. According to economist Robert Gordon, while earlier innovations like the internal combustion engine and electricity have had broad implications, those of digital technology have been narrow. There are certain indications that future growth will be very different than the past.

In the coming age of disruption, it is very important to know more about these major paradigm shifts and to adapt to them to keep your ventures afloat and stay competitive.

 

References

http://www.forbes.com/sites/gregsatell/2016/05/15/these-4-major-paradigm-shifts-will-transform-the-future-of-technology/#18382c57794e

 

Future Tech Changing Jobs in Medicine, Law and Architecture

 Future Technology  Comments Off on Future Tech Changing Jobs in Medicine, Law and Architecture
Jun 252014
 

The Guardian has a good read concerning how future tech will change jobs in medicine, law and architecture.

Here are 3 of the key points:

  • Medical computer diagnostics will take the place of some doctors for diagnosing common illnesses. Computers will be able to quickly cross reference millions of documents to come up with accurate diagnoses. Robotic surgeons will also play a bigger role in future medicine.
  • Virtual courts will appear online for many forms of mundane legal cases such as traffic tickets. The traditional and current use of the courts is very inefficient and moving to an online system will save time and money for all parties involved.
  • With access to cloud computing one-man architecture firms will become more prevalent and will architectural teams that collaborate among different continents.