In this day and age, technology is shifting at an icredible speed and is exhibiting no indications of going slower so it is something extremely exciting to be a part of and live through. Our personal lives have come to be highly dependent on the technology that individuals have developed. Experts have also recently made many breakthroughs in machine learning which imitate the process of real neurons. Other devices are still unfolding, and others will take more than 10 years to develop. Keep on reading to discover about some of the hottest advancements in this field.
Artificial intelligence seems to be almost everywhere these times, yet lots of people can still learn a lot from its capabilities. This entails using significant amounts of data to train computers to execute a certain task. AI technology has made its way into a lot of products and services along the lines of facial recognition and voice assistants in smart phones and on social media. Professionals like entrepreneur Richard Li will undoubtedly be excited about these digital advancements. Artificial Intelligence is definitely a new hot topic and a large number of investors are running to invest in start-ups who are leaning towards this.
Digital technology knows no bounds and is even transforming the appearance of the banking world. Chris Skinner is saying banks will seek to use these technologies to reduce costs, automate various processes and differentiate service levels through data awareness. Online banking has really made it possible for people to access banking services from anywhere in the world quickly and conveniently. Lots of banks offer online portals where you're able to log on and monitor all your spending practices over the past months making it quite a bit easier to keep track of things. Banks are even trying out and testing new wearable apps such as on smartwatches. In addition to this technological advancements have allowed for greater data protection and management of sensitive information when compared with the former manual methods of securing bank data.
The next big stride forward will be from 4G to 5G which is anticipated to support the growing Internet of Things (the progression of this will make it possible for us to have the internet and some type of technology embedded in almost everything we do). 5G will be a tremendous leap allowing split second responses along with less battery power necessary to connect, meaning devices can last a lot longer. This advancement will help to connect cities so they are better able to communicate and develop authentic tech hubs. Resultantly this will make organisations more efficient at what they do. Writer Chloe Cornish talks about this further saying that the estimations for investing on the IoT could be almost as much as 132 billion dollars by 2020.