Technology witnessed rapid growth in 2017. From cloud-based computing to machine learning, throughout the year technologies with significant potential evolved, paving the path to the upcoming year. Power players in the field including Google, Amazon, Facebook, and Apple showed the tremendous potential to bring consumer behaviour based technologies to the households. Using Big Data, these companies have evolved to enhance user experience.
Some of the significant trends of 2017 including artificial intelligence (AI), machine learning, augmented reality are moving from the niche space to more prominent usage in the industry.
As these trends become the stepping stones for 2018, the technological evolution has led to 5 major trends for 2018, as predicted by Gartner.
“ With the increased adoption of bots, the growth of Robotic Process Automation (RPA) helps companies with process efficiencies and cost reduction. Incedo’s expertise in RPA in-cludes the proper implementation of RPAs to replace processes that are predictable, have low hu-man discretion, and expensive. ”
1. Intelligent apps and analytics
Having created an impact in 2017, it suffices to say that the penetration of AI in applications and services has become inevitable. Forming a layer of systems and people, AI has been instrumental in creating intelligent apps to serve humans better. From virtual assistants to task performers, smart apps have the potential to transform the consumption of services.
2. Artificial intelligence
The growing interest in AI has led to significant investments in the field by businesses. A study by Gartner reveals that 59% of organizations are continuously gathering information to build AI strategies. As the insights into AI learning deepen, the usage is rapidly moving from understanding user voice to performing human tasks that will soon increase machine-human interaction.
3. Digital twins
Integrating AI, machine learning and analytics with data, digital twins refers to the replica of physical assets in the digital world. Continuously updated from multiple sources, digital twins use sensor data to update. With the rise of IoT, digital twins have now evolved from being a concept into reality. Gartner predicts that half of the industrial companies will use digital twins by 2021 thus resulting in 10% improvement in the effectiveness of the organization.
4. Conversational platforms
The conversation between machines and humans has evolved beyond the realms of performing basic tasks of calling a person from the contact list. The evolution of conversational platforms has increased the burden on the system to interpret even more complicated interactions such as making a movie reservation. With the increased adoption of bots, the growth of Robotic Process Automation (RPA) helps companies with process efficiencies and cost reduction.
The growth of Blockchain holds the promise to revolutionize industries by enabling smooth interactions among commercial parties outside the system. With an improved architecture, blockchain can help existing infrastructures remove business friction by transforming into independent individual applications or participants.