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BW Businessworld

Twelve Technologies That Change The Turf

An unprecedented growth in online buying would change the ‘shopping’ denomination and buying behaviour.

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The technology has a significant role to play in these times and can shape consumer engagement in future. Here are 12 technologies that are going to evolve in a much bigger way than we could ever imagine:

Cloud Computing Glory: Global connectivity between corporate buyers and sellers has become fast and secure, courtesy cloud. With artificial intelligence (AI) becoming a norm, many vital tasks will depend heavily on data block streaming from authorised servers to perform complex tasks efficiently. It is a completely secured network business. For this, demand for cloud infrastructure products is rising.

World Goes Virtual: With social distancing, more and more companies are opting for webinars and virtual summits. The new normal is virtual meetings and conferences and virtual events. There are many virtual conferencing and events solutions in the market. The corporate industry is banking on these.

Game Changing IoT: Voice recognition and remote monitoring in virtual healthcare set standards. Smart solutions and products would minimalise human contact. An emerging IoT ecosystem is there to be explored, and a close, barrier-free and collaboration between IoT and other technologies such as blockchain, AI and VR intercommunication can bring up an open source network.

E-commerce Spreads Wings: An unprecedented growth in online buying would change the ‘shopping’ denomination and buying behaviour. Online banking, virtual wallets would take over. We would also see bitcoins erupting. As the world shifts online, ecommerce would merge with virtual reality.

AI Centric Insights: Big data dashboards would make up for intelligent insights. Communication would become seamless through smart devices. Juggling and steering the networks to provide most optimal user experience would take over soon. Smart cars, smart refrigerators would all be connected.

Blockchain: The coming decades will see many challenges in the distribution of critical and confidential data. To cease such thefts, blockchain will be used for data sharing. Even in the supply chain networks, to build precision on inventory, blockchain would rule.

Augmented Reality: AR is anticipated to change the function sense of the corporate sector, banking and healthcare. It gives measurable strength to calculate product size and measurable data in their pictorial form.

Sixth Sense: Gestural movements to control motion by mathematical algorithms have drawn attention to how seamlessly we can control data movement.

3D Printing & Metal Printing: 3D printing would play a pivotal role in the healthcare industry. Rise of Chatbots: New algorithms and interactive chatbot systems are giving cost-controlled and smarter benefits to both customers and corporations.

Space Tourism: Private space runs will not only pry the market for space travel from Japan and Canada but with more people joining the race, costs will go down.

Hyperloop: This is a dream project of a vactrain design still under the experiment phase. Developed jointly by Tesla and SpaceX, future pod is expected to travel at speeds up to 12,00-km/hour.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Deepa Sayal

CEP, ADG Online Group

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