In this day and age, technology is travelling at an icredible pace and is exhibiting no evidences of scaling down so it is something very exciting to be a part of and live through. Our personal lives have grown to be extremely dependent on the technology that people have developed. Professionals have also not too long ago made many breakthroughs in machine learning which imitate the function of genuine neurons. Other solutions are still unfolding, and others is going to take more than 10 years to progress. Continue reading to find out about some of the latest developments in this industry.
Artificial intelligence appears to be almost everywhere these days, yet many people can still learn a lot from its capabilities. This involves using tremendous amounts of data to train computers to execute a certain task. AI technology has made its way into lots of products and services along the lines of facial recognition and voice assistants in smartphones and on social media. Professionals such as entrepreneur Richard Li will without a doubt be excited about these digital advancements. Artificial Intelligence is definitely a new hot topic and a large number of investors are flocking to invest in new companies who are leaning towards this.
Digital technology knows no limit and is even transforming the face of the banking world. Chris Skinner is saying banks will seek to use these technologies to reduce costs, automate various procedures and differentiate service levels through data awareness. Online banking has literally made it possible for people to gain access to banking services from anywhere in the world quickly and easily. A lot of banks offer online portals where you're able to log on and monitor all your spending habits over the past months making it simpler and easier to keep a record of things. Banks are even trying out and testing brand new wearable apps such as on smartwatches. In addition technological advancements have allowed for boosted data protection and management of sensitive information versus the previous manual methods of securing bank data.
The next great stride forwards will be from 4G to 5G which is expected to support the growing Internet of Things (the improvement of this will make it possible for us to have the internet and some type of technology engrained in practically everything we do). 5G will be a large leap making it possible for split second responses as well as less battery power needed to connect, meaning appliances can last considerably longer. This progression will help to connect cities so they are better able to connect and establish genuine tech hubs. Resultantly this will make organisations more successful at what they do. Writer Chloe Cornish talks about this further saying that the estimations for spending on the IoT could be almost as much as 132 billion dollars by 2020.