Business technology is moving at a breakneck speed, especially in the 2019 landscape. To be truly innovative, you must stay on top of the most recent trends within information technology and engineering. Here are the 5 newest and upcoming technologies that will change the way the world does business.
1. Machine Learning
You may have heard of machine learning, and although it sounds like a concept out of a science fiction novel, the future of AI and its subsets are actually completely feasible in economic uses. In the most basic terms, machine learning is the application of recognized patterns within algorithms that are used to process everything from tweets to bank fraud. Computer engineers are automating processes that used to take days of valuable human effort to complete; The use of algorithms and automation will be increasing more this year and the years to come.
IOT, or the Internet of Things, is a simplified acronym that describes the use of a network to connect previously unconnected objects. For example, your refrigerator might be able to show the latest Facebook post or your washing machine might be connected to your phone. In all aspects of modern life, people are connecting to the Internet, which is now affectionately called the Internet of Things.
Beyond the realm of “smart” TVs and houses, the IOT has a multitude of applications in the business world: you might see the thousands of manufacturing machines connected by a network, allowing for a seamless transition into the rapid automation of our technological landscape. Digital control systems will allow managers to keep a tight handle on all machines, where previously a flimsy system of manual control existed. Since IOT includes a higher reliance on connections to the cloud, the best Server Monitoring Software is necessary to keep processes running smoothly.
Blockchain used to only be recognized within the cryptocurrency circle, but today it is being recognized as a highly dynamic system for processing transactions. In the simplest of terms, a blockchain system first registers a transaction through a network of unconnected nodes, validates it through accessible records, then combines with other transactions, effectively creating a chain of transactions, like a high tech journal entry. This chain is made up of individual blocks, which is where the blockchain term originates.
What use does this process have? Since the nodes that process these transactions are uncorrelated, the information is essentially open source, which allows for complete transparency and security. Blockchain is a low-cost option for one of the safest transaction process available, and you will definitely be seeing it in the future.
4. Network Fabric
Network fabric is a fairly fancy way of explaining a faster, more connected system of machines. Instead of the classic connected system, in which one host is connected to many outputs by one ‘switch’ or connection point, we now have a crossbar system where any input can switch to any output. This woven fabric of connections eases large numbers of devices and switches.
This is a technical way of saying that network fabric allows for far higher speeds in connectivity than before, and this is especially important for business processes today, where time is of utmost importance. You can increase your speeds and efficiencies by saving time from changes that can now happen among all devices on a singular fabric. Putting all your eggs in one basket is a good thing, in the case of the network fabric.
In conclusion, the world of business tech is moving closer and closer to automation, and the only way us humans will be able to keep up is by learning new skills and improving our use of the technologies listed here.