The 5 cutting-edge waves of innovations shaping tomorrow

1. Artificial intelligence

Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing, speech recognition and machine vision.

AI is important for its potential to change how we live, work and play. It has been effectively used in business to automate tasks done by humans, including customer service work, lead generation, fraud detection and quality control. In several areas, AI can perform tasks much better than humans.

AI-powered personal assistants, such as Siri, Google Assistant and Amazon Alexa, are integrated into smartphones, smart speakers and other devices and can perform a wide range of tasks, from setting reminders and sending messages to playing music and controlling smart home devices.

AI is used in varied of industries such as Health Care, Manufacturing, Banking , Retail, Transport etc.

2. Internet of Things (IoT)?

The Internet of Things, or IoT, is a network of physical devices. These devices can transfer data to one another without human intervention. Connected to the Internet, these ‘things’ are able to exchange real time data with other connected devices and systems over networks. These connected devices combine with automated systems to gather IoT data that can be analyzed to assist with tasks or learn how to improve a process.

In the upcoming years, IoT-based technology will offer advanced levels of services and practically change the way people lead their daily lives. Advancements in medicine, power, gene therapies, agriculture, smart cities, and smart homes are just a few of the categorical examples where IoT is strongly established.

Here are some common applications for IoT technology: Consumer Applications, Smart Home Applications, Care Applications, Medical and Healthcare Applications, Transport Applications, Building Applications, Industrial Applications, Manufacturing Applications, Agriculture Applications, Infrastructure Applications, Metropolitan Applications, Energy Management Applications, Environmental Monitoring Applications, Military Applications.

3. 5G

5G is the fifth generation of cellular technology. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. It is designed to increase speed, reduce latency, and improve flexibility of wireless services.

The growth of 5G networks is predicted to create trillions of dollars in economic value and millions of jobs, but there are also many areas where it could benefit society.

Smart cities, Healthcare, Environment, Retail, Agriculture, Manufacturing and Logistics industries are expected to see major benefits from the 5G upgrade.

The future of 5G is still being written, and it may be as momentous for connectivity as the dawn of the internet. Perhaps the most exciting part of 5G use cases is that no one knows exactly what will come next.

Whatever the future holds, you can bet on one thing: 5G will do a lot more than give you a faster phone connection. It could change your life.

4. Virtual reality (VR) and augmented reality (AR)

Virtual reality (VR) and augmented reality (AR) are two technologies that are changing the way we use screens, creating new and exciting interactive experiences.

Augmented Reality (AR)?

Augmented Reality (AR) combines the digital world with real elements. It is a technology that is equally suitable for mobile devices and desktops. What makes it special is the fact that it offers the possibility of reflecting digital components in the real world.

One difference between VR and AR is that AR displays different content in the real world. Computer vision, depth tracking and mapping play a key role within this process. All data can be collected in real time via cameras, for example, and processed directly. This makes it possible to display digital content whenever the user needs it.

There are currently a couple of AR headsets available, including Microsoft HoloLens and the Magic Leap.

Virtual Reality (VR)?

Virtual Reality is a computer-generated simulation. This means that reality or an alternative world is generated graphically.

By using appropriate hardware, it is possible for the user to be fully immersed in the digital world. Therefore, there are also important differences between AR headsets vs VR headsets. Hardware geared towards VR requires sensory devices that translate real-world movements into a modeled reality. A few popular examples of these include the Oculus Rift, the Vive, and the PlayStation VR,

Some of the future applications of AR/VR are as follows:

•   Medical & Healthcare
•   Navigation
•   Education & Training
•   Retail
•   Urban Design

5. Blockchain

Blockchain is a method of recording information that makes it impossible or difficult for the system to be changed, hacked, or manipulated. A blockchain is a distributed ledger that duplicates and distributes transactions across the network of computers participating in the blockchain.

Key elements of a blockchain:

• 1.  Distributed ledger technology
• 2. Immutable records
• 3. Smart contracts

Top Blockchain Application to know:

Blockchain technology has only been around for a dozen years, and businesses are still exploring new ways to apply the technology to support their operations. With the growing amount of digital data used in our lives, there's a growing need for the data security, access, transparency, and integrity blockchain can provide.