Digitalization is shaping our society in the best possible manner. It is further transforming how we think about businesses, education, and customer services in a post-pandemic world. New developments in technology such as machine automation and artificial intelligence have revolutionized our way of life.
But, before the pandemic struck, most industries were slowly adapting to new technology. In the aftermath of the COVID-19 crisis, companies realized the necessity of implementing the latest technology in their processes. Businesses have realized that their supply chain is too weak to handle unprecedented pressures. In contrast, educational institutions have found solace in remote learning.
When the initial panic settles, the business and technology industry will go through several changes. Digital nomadism, green living, and remote lifestyles will be the buzz words in the future. Previously, futuristic devices such as curved televisions dominated the tech trend lists. But now people prefer to embrace useful technology. They are thinking seriously about using tech to improve everyday interactions.
For example, mobile wallet apps have been around for ages. However, people were not interested in using these payment services before the pandemic. Nevertheless, when the pandemic hit, people began using mobile wallet apps for their transactions. No one thought of video calling technology as an alternative to in-person meetings before the spread of COVID-19. But during the pandemic, online institutions used this technology to teach students.
Given the rise in the use of technology, it is safe to say that 2021 will be the year of the tech revolution. More and more educational institutions are now offering education programs related to technology management. However, if you are an aspiring individual and have a similar educational background, then it is best to opt for advanced education. Try gathering information regarding MBA information technology management and relevant programs to get enrolled.
Following the recent developments in the tech industry, this article discusses six revolutionary tech trends that are popular in the IT world.
1. Forget Going into Stores
There is a lot of uncertainty about when things will go back to normal. With the rise in Covid-19 cases, people prefer online shopping due to fear of getting infected. Many vendors are using Chatbots to make the online experience user-friendly. And when the Chatbot cannot help, a person can conveniently take their place.
Some vendors are also using augmented reality to help people shop online. One such brand, Jins Eyewear, lets customers take photos of their faces to virtually try their glasses. Experts believe that advertisers will take advantage of this format in the coming days. According to one report, the total expenditure on augmented reality advertising will amount to $2.4 billion.
2. Educational Technology on the Rise
Governments began to scramble to arrange remote learning for students immediately after the global lockdown. A reliable internet connection paired with a mobile device provided a reliable solution to well-to-do families. However, others had to rely on low-technology solutions like WhatsApp classrooms and audio-based lectures.
Education technology companies considered this gap as an opportunity. Countries that did not have any concept of online learning began to invest in technology. Both India and China saw a boom in their education tech industries. According to experts, ed-tech is here to stay. The demand for online teaching will rise, but it is still unsure whether this new virtual classroom will provide better education for students.
3. Virtual Work and Self-Care
One thing is clear virtual experiences are just as valid as in-person experiences. The past year began with video meetings and Zoom yoga, and it will continue in a similar direction. Some tech companies are already experimenting with virtual reality-powered online conference rooms. For example, AltspaceVR lets colleagues wear headsets to attend meetings as holograms.
Similarly, the fitness industry is using tech to introduce the concept of virtual fitness. Apple recently introduced their Fitness+ video service that offers subscribers at-home workouts along with instruction from the trainers. Many video apps are also offering guided meditation for self-care.
But, some of these trends will eventually fizzle out. As the lockdown lifts, people may prefer going to the gym instead of virtual workouts.
4. Artificial Intelligence, IoT, and Industrial Automation
Artificial Intelligence (AI) and industrial automation technology will grow at an unprecedented rate in 2021. Supply and manufacturing chains are slowly lowering their capacity amidst shortages of manual labor. Industries will have to rely on automation and robotics to bridge the gap in manufacturing. Besides, machine learning algorithms will become more sophisticated and provide better solutions to complex problems. These algorithms will uncover connections and insights that are not visible to humans.
Within the healthcare industry, this tech can predict demand for services from hospitals and other healthcare providers. It can also provide more accurate data related to patients for a better diagnosis. In the business sector, AI can help companies identify evolving consumer behavior. According to recent reports, 61% of executives saw a reduction in costs after implementing AI technology.
5. Autonomous Driving Innovation
Companies were already working on autonomous driving before the pandemic. However, post COVID-19, the focus on such technology has increased because it removes driver intervention. Honda recently announced plans to produce autonomous vehicles. Tesla was already working on its Autopilot model. But their cars will also offer lane centering, automatic lane changes, and detect traffic signs.
Other firms are also working to offer self-driving technology. For instance, Lyft, a popular ride-sharing app, is working on self-driving vehicles. According to a recent announcement, we can expect to see self-driving cars by early 2023.
6. The 5G War Continues
5G technology has still not arrived in most parts of the world. This new technology will send and receive data a hundred times faster than 4G. With this technology, both the coverage and bandwidth have increased. Furthermore, users can send a constant stream of data back and forth. However, in 2021 we will see new infrastructure that can develop and apply updates from businesses across the board.
Currently, Chinese tech giant Huawei is the dominant manufacturer of 5G integrated equipment in the world. However, in the aftermath of the US boycott on Huawei, any enterprise can become the next game-changer in 5G technology.
While some technology in 2021 will be more of the same-old, there will be innovation within the sector. People will shift to remote learning and remote working. Furthermore, we will become more dependent on internet connections for everyday work. All in all, the future holds some great technological advancements that can help each one of us in multiple ways.