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4 New technologies that will change the world in 2019 [Future]
In 2018, there are a lot of new technological innovations that are already changing the way people do things and making life easier for everyone. These advancements in technology are expected to affect every sector from health, education, manufacturing and financial institutions.
Some of this technological advancements include the following
✓ EXTENDED REALITY:
Extended Reality (XR) comprises of Mixed Reality, Augmented Reality (AR), Virtual Reality and everything in between. Although Augmented Reality and Virtual Reality are two different things, they, however, share similar futures that will revolutionize the Extended Reality experience as AR and VR eventually converge into a new type of wearable device that’s capable of supporting both. XR will transform everyday consumer experiences and many market verticals, from industrial manufacturing and health care to education and retail. The possibilities are endless with XR. Mobile XR has the potential to become one of the world’s most ubiquitous and disruptive computing platforms of the next decade, just as the smartphone of this decade has become.
A lot of new financial technologies has been created to influence the way we carry out our financial and business transactions. These technologies are expected to make all financial transactions easy and also help financial institutions carry out their task with little or no difficulties. Already, the use of Fintech has become a growing phenomenon among entrepreneurs, financial institutions, CEOs and even the average people on the street. Fintech helps financial agencies, companies, and even individuals manage all economic aspects of their business, using new software, applications, business models, and processes.
It is not possible to make mention of cryptocurrency without referring to the blockchain technology which makes the transaction possible. The blockchain technology is a decentralized digital ledger that is used by different users. Also, the blockchain technology can be used in the healthcare system to store health record and make them available to different service providers. Blockchain technology has the potential to disrupt the financial market in 2018; it helps to reduce fraud, increase transparency and also speed up contract enforcement. On the other hand, cryptocurrency is a medium of exchange for digital information. Just like we use common currencies in trade, cryptocurrency is used in obtaining digital data. The idea behind its invention is the security and reliability which comes from the method of cryptography used in its development. Today, there are hundreds of cryptocurrencies available and new ones are coming into the market at an astronomical rate. Some of them are great and backed by wonderful technologies, most famous among which are Bitcoin, Ethereum, and Dogecoin. However, a lot of coins have no novel technologies in their design, poorly managed and overall, no better than Ponzi Schemes. Therefore, all stakeholders involved in the development of cryptocurrencies have to be at their best.
✓ ARTIFICIAL INTELLIGENCE:
Artificial Intelligence has made it possible for machines to store the retinal signature of people, recognize an individual’s face, perform tasks following man’s instructions and carry out one’s official duties in the workplace. And as each day passes, the capabilities of machines to perform various tasks continues to grow drastically.
Finally, the technological innovations listed above will not only change the world, but it will also make life easier for everyone.
TAG: 4 New technologies that will change the world in 2019 [Future]