Imagine waking up to an Amish household with no smartphones to check your WhatsApp messages or a laptop to binge-watch a Netflix series. There’d be no Google with answers to your queries or Solve My Math Problem and essay typers to generate instant results. Feels scary, right? Today, especially amid the pandemic crisis, we have understood that technology is intertwined with every walk of our lives and is indispensable.
With digital and mobile technologies taking over the world, things are changing around us. And since technology is dynamic, it booms bigger as you read this. As the adage goes, necessity has been quite the fitting mother of invention. So, in our quest to make our lives a little easier, scientists have achieved some incredible milestones over the last years, and the conquests continue along the journey towards digital transformation. We are the best assignment helper where you can get write my essay services. From Cloud to the IoT to Automation – 2020 has been a good year on this front, minus the raging pandemic.
8 TECH-RELATED FACTS THAT WILL ALTER 2021
As 2021 unravels itself, the whirling world of technology is rumored to bring in new boons for consumers and enterprises. Read on to discover some mindboggling stats that show how BIG this year will be. Fasten your seatbelts, for here we go!
1. 27% of Financial Institutions have switched to Blockchain
According to a survey conducted by IBM, 35% of the world’s banks will be adopting Blockchain before we approach the end of this year. We all are familiar with Bitcoin and the entire concept of cryptocurrency. Well, that’s all we know about Blockchain technology.
However, 2021 will be the year when the money market will experiment with Blockchain like never before. With this technology breaking grounds in the banking, health, and education industry, Blockchain will replace intermediaries like brokers, agents, and other intermediaries.
2. Estimated investments of $915 million were made in VR in 2020
Until now, virtual reality was something that added value to the gaming industry. But in 2021, tables will turn with virtual reality being accepted by the masses. VR will open new horizons for the education industry, with modern classrooms overruling traditional teaching methods.
Beyond the spectrum of education, virtual reality will transform how we shop, minus the queues and the crowd. It will give a new definition to human engagement by letting consumers upload photos to check how they would look wearing an outfit before making the final purchase.
3. 100 million consumers will use AR online and in retail by 2021
What comes to your mind when we say AR? Stanley Kubrick and Christopher Nolan’s sci-fi movies? Or, maybe Iron Man? Well, augmented reality will be that and a lot more. Working in sync with other technologies, Augmented Reality will soon be used by some of the most popular companies to enrich consumer experiences.
For instance, let us take Yelp who is already using AR to display reviews of eateries after a phone camera is pointed at the geographical location of a restaurant. Even the spectrum of healthcare is all set to implement AR to display the anatomy of patients. AR will also be used to show how a potential house would look like or a chest of drawers would fit in your home.
4. The chatbot market size is projected to grow 29.7 percent by 2024
With us quarantining within the four walls of our homes, 2020 had found a friend in the amiable voice of Smart Home Assistant named Alexa. And since then, we cannot have enough of chatbots. 38% of people used chatbots regularly in 2020, and the figure will only rise in the coming year. Chatbots will be the cornerstone of marketing, with most companies implementing them on their websites for automated messaging.
Since Chatbots offer a front-end interface, companies will be able to communicate with their customers irrespective of the time and in the rain and shine. Moreover, following Alexa and Siri’s pun-filled replies, businesses will now use chatbots to give a unique voice to their brands.
5. At present, 38% of Tasks can be done using Automation
We have seen Artificial intelligence(AI) making its presence felt in 2020. With better machine learning algorithms being developed by the minute, automation has a bright future in 2021. With 5G and edge compute joining hands, 2021 will bring us closer to autonomous cars and security drones, thus building a smart city true to its sense.
We already have Elon Musk’s brainchild Tesla paving the way for more automotive manufacturers and technology makers into the market. Companies like Intel and Qualcomm are partnering with Volvo and BMW to build an autonomous fleet of digital cars.
6. The global AI market value has reached $167 billion in 2020
2021 will make investing in analytics synonymous with investing in AI. Machine learning will help brands navigate the vast sea of information and put it to good use. Thanks to AI, complex data sets will now be analyzed in a fraction of a second with just a click.
Although faster computers contribute, better machine learning algorithms and cloud scaling take the credit. Today’s analytic tools are more intuitive and reliable in the data they project because of incorporating AI into the framework. As we unfurl 2021, considerable improvements will be made to their speed and accuracy.
7. 5G phones are here to whoosh us in a flash!
With telecommunication moguls like Nokia, Qualcomm, and Huawei making the necessary deployments, you can expect 5G phones to be a market norm by the end of 2021 finally. If the news is correct, then 5G is ten times faster than that of 4G and can transform our daily lives and about every industry that it touches.
The real value of 5G will not be limited to phones either, making 2021 a year to look forward to for programmers and developers. Besides bringing us all faster broadband speed, 5G will play a key role in building smart cities, vehicles, and many IoT-intensive technologies.
8. IoT and Wi-Fi 6 are eliminating barriers already
Another transformative revolution to bring in waves of disruptive change will be the Internet of Things and its sibling Wi-Fi 6. When paired up with 5G, you can expect the perfect combination of ultra-fast connectivity with speed up to 3x faster. By the end of 2021, it is being said that more than 50 billion devices will be made internet-compatible.
Japan, the number one smart city, has already spoken at length about the benefits of becoming a device-rules city. And we are sure to see the development of many more intelligent cities around the world. IoT is also set to change the interface of business and enhance the quality of social life.
If everything goes at the current pace, 2021 will be THE year for all our technological dreams to come true. With the software and hardware development and better languages being used to write these technological trends, it is sure to open up a vast spectrum from various job opportunities too.
Here’s to 2021 – Let’s hope for the best!