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Now the world is going through the 4th industrial revolution, the main engines of which are data, Artificial Intelligence and the Internet of things. As a result, the surrounding world is transformed into one large information system. In addition to the large number of technologies that are involved in this revolution, an important condition for progress is the different ways all these technologies interacting. Technologies development continues and it will affect every field of activity and company anyway.

Let’s take a look at 10 major technology trends that have an impact on a company’s success.

1. Ubiquitous computing

Today, a mid-range smartphone is more powerful than a super-powerful computer 10 years ago, microchips have become smaller, devices are smaller, lighter and more powerful. Computing advances in the future will come from software and algorithms, quantum computing, new forms of digital storage (like DNA storage).

2. Connections

At the moment, the Internet of Things (IoT) is developing very actively. This gives the impression that each device can connect to the Internet as well as collect and transmit data. According to the forecast by 2030, there will be at least 50 billion IoT devices installed in the world. This ability to connect places and things to the Internet can change many areas (education, manufacturing, medicine, etc.). Working with IoT data opens a unique understanding of the real actions of the client and employee.

3. World datafication

People generate huge data amounts every day without even thinking about it. Almost every human action leaves behind a digital footprint. This contributed to the data storage methods development. The challenge for companies is to ensure that information assets are properly protected and confidential. Business data can serve as the main source for an improved product or service creating, business processes optimizing, etc. However, this requires a strategy for transforming data into analytic data. Artificial Intelligence can become an important tool for improving data literacy.

4. Artificial Intelligence

AI development is very dynamic that allows modern machines to perform different tasks instead of humans. AI can also improve internal business processes by automating or helping specialists perform specific tasks, as well as in the decision-making process.

5. Augmented reality

Augmented reality (XR) is an umbrella term that includes a range of immersive technologies (virtual, mixed, augmented reality).

6. Trust in digital technology

Digital trust is the trust that users place in organizations in building a secure digital world. Each user must be confident in the security, reliability and ease of transactions or other interactions.

7. 3D printing

3D printing provides an opportunity to redefine the way things are made. Manufacturers also get another way of making a product in an unconventional way. This allows them to streamline their manufacturing process, create custom products, and cut costs and waste.

8. Genome editing and synthetic biology

Uncovering genetic mysteries will help to find new ways to understand and control them. Gene editing techniques such as CRISPR can make significant advances in the fight against various diseases, improve the vitality of plants, and produce new synthetic substances, that can replace fossil fuels, plastics, animal products.

9. Nanotechnology and materials science

Nanotechnology means controlling matter on a tiny scale (atomic and molecular). Nanotechnology can be used to manage and improve products and components.

10. New energy solutions

Renewable energy sources (wind, solar) have now become more efficient and affordable. In the future, there are 2 new energy sources – green hydrogen and nuclear fusion. New sources can be an important, safe and environmentally friendly solution to energy needs.