Human beings don’t always like change. However, over the many years of technology evolving constantly, we might be more adaptable than ever before. Constant positive changes to the landscape of technological advances mean that our lives are almost always changing. And the only way to move forward is to accept and adapt to the change.
However, not all technology brings about a practical and convenient change. We might not even need all the fancy new gadgets that we keep buying. But most technology in recent years, from AI to IoT, has made things change for the better. Life has become faster, more convenient, and much easier due to these powerful advances in tech.
#1: AI (Artificial Intelligence)
Artificial Intelligence (AI) has been around for quite some time now. However, most of the advances in this field happened over the last decade or two. AI has created waves in the fields of marketing, medicine, marketing, and IT. For example, AI in marketing is being used to create ads that target the right audience to the dot. The AI-powered algorithms can tell what your likes and dislikes are just by looking at what shows you are watching with your Cox cable and internet Packages. As a result, users are more likely to click on ads because they have been profiled.
Other than an advertisement, medicine has also improved vastly due to AI advancements. Studies have made it easier for AI programs to predict disease symptoms and possible treatment. Studying a particularly new disease and its underlying complexities is also easier with AI technology.
#2: Machine Learning
Artificial intelligence and machine learning technology go hand in hand. It is one of the most advanced analytical tools that can help in automating almost all types of processes. Machine learning outcomes have included drastic changes in the field of robotics and manufacturing. It is one of the best ways of data analysis and analytical model building. Almost all AI algorithms rely on machine learning methods to generate better results. Moreover, data analysis can be a way for systems to learn and become better as they progress.
#3: Cloud Computing
Storage of data in disk drives or as physical documentation might have caused you a lot of problems in the past. Cloud computing, however, has completely revolutionized the delivery of various services like storage, server capacity, and the internet. The cloud is a lot more than the fluffy white thing that you see in the sky.
It is possible for SMEs and large enterprises to maintain online databases to store and retrieve data on-demand. As the data can be accessed from anywhere, global markets have improved and geographical limitations are no longer a problem for most businesses. Moreover, it has done wonders for cybersecurity because businesses can limit access to data only to authorized personnel. Identity management, easy access, and constant availability are only some of the ways cloud storage has helped improve how we store data.
#4: Big Data
Data is one of the most valuable commodities in the world right now. Big data has been instrumental in arranging, managing, and making sense of large chunks of irregular data. Data scientists can draw out meaningful conclusions from data from specific target audiences. Large corporations can then use this data to develop marketing campaigns and strategies that hit a nerve. The information from linear data was difficult to extract before data science became popular.
We have seen scandals like Cambridge Analytica and Facebook as these two enterprises used online user data for political gain and predicting user behavior. However, if we can put in review the invasive uses of data, big data can help in developing growth strategies for governments and many around the world.
The Internet of Things (IoT) is a tool to describe gadgets that have the ability to sense and relay information, process data, and have sensors and software. IoT devices can be anything from wearable machinery like clothes, shoes, etc., to larger objects like a refrigerator. The IoT-enabled devices are now a part of most households and most can also be called smart devices. They are making life a lot easier for most by helping in performing daily tasks like turning the light on with a remote or an app, etc.
Blockchain and cryptocurrency have been the buzzwords for the past few years. Blockchain had been in use for a while mainly for developing secure databases for enterprises. However, cryptocurrency and non-fungible tokens (NFTs) have made blockchain the star of the show. Some might call it a fluke but it has indeed taken the world by storm. International influencers and businessmen like Elon Musk have been supporting cryptocurrencies and they don’t seem to be going anywhere for the time.