Top 5 Technologies That will make a big impact on Business in the next 5 years
It’s not a new concept that humans have always been edger to foreshadow how the lifestyle or technology will be different in the future. People all the way from the 90s foreshadowing the future to be full of flying cars to today, our speculations of Floating cities, human mind transplant, all the way to AI Domination
Outside of the arguments whether these insane concepts are gonna play out in the future — Deciding Humanity’s Fate or not
Given how extremely fast-paced advancement in technology has become today - it’s just more easy to assume how our lives, business industries are going to get impacted in the very near future.
So, We are going to take a tour to the list of 5 technologies with the most potential to shape Industries in the near 5 Years
Number 1 — Cloud Computing:
What if I told you, that — you can have a computer as powerful as what Data Centers today use or an extremely powerful workstation, in your tablet or your smartphone?
Would you ever consider buying a $25,000 computer
OR
have all the capability of finishing tasks on as you would do on a real computer into the devices you carry in your pocket — we call Smartphones. And have costs based on what you use it for, most importantly how long you use it for.
But only one problem, we still have very bad latency or delay problems
Now, what do I mean really?
Today, most of our internet’s infrastructure is still not enough to replicate the input-output synchronization as opposed to what you get on your local computer.
For example, if you are a gamer and you play on your cloud computer. And if you are like most people who don’t have a very very good internet connection, you would have a very hard time playing because you will most likely die before you see yourself die.
But, like always there’s good news
Tech like 5G is around the corner and is expected to have latencies close to 1ms. And going to be implemented in places within 5 years.
So it’s not going to be too long until the costs and benefits of having a fully fledged computer completely on the cloud will be way way better than buying a computer for yourself.
Number 2: Data Science
With just the power of numbers and the relations between them, Albert Eisenstein could already mathematically predict the existence of Black Holes. And just recently, we captured a real one, proving it to be completely real.
The resources and technology that Albert Einstein had were of 100 years before. 100 years later,
What do we have now?
What we don’t have now?
But one of the most important things we now have is; we now have the power of Computation along with the power of even more advanced concepts of Math
So what we can DO with it?
GODLY THINGS
When we have all the advanced mathematical concepts, and all the advanced algorithms on top and extremely powerful resources like we already today have in Google’s, Amazon’s data centers and almost 4x that.
Even in the consumer market, today you can go buy a Processor with 32 cores in a retail store. Yeah, very expensive, but again, given how fast this industry is improving, we can easily expect almost anyone to be able to afford this within the next few years, especially when you’re talking about a Business.
Now with the power of data science and data manipulation, people today, are doing things from —
Just filtering spam emails to predicting when your baby will be born.
The art of messing with data or known as data science can literally give us the ability to see the future. And what could be more useful than predicting how your product will rank and how your customers will like it.
It’s like asking for superpower
NUMBER 3: AI
Now imagine, if you run a business of any kind. Odds are that you involve with sales to some small or major degree. And what would be the most important thing you want to know as a sales-person.
Your Statistics.
Now you have enough resources for storing all your daily data entries but the one who has to manage all of it, is still you; obviously without the help of AI or Artificial Intelligence. (Mainly things like Machine Learning, Deep learning, and some other automation algorithms).
Now take this,
Most businesses are run by a small group of people and if we count everything in the modern area, many businesses are run by Individuals.
Now if you are one of them, chances are
Half of your time is sold on just managing simple to complicated stuff. Now, what if the time spent on solely management turns down to ZERO and all these time could be involved only to develop an insanely good product? Well, at this time though, Machine learning, deep learning, and other automation algorithms need some sort of human input and obviously when something goes with the logical architecture. But getting, how fast things are changing, it’s a given that AI is going to a point where it can operate by barely any human input to nothing at all.
And that will impact many industries big time
NUMBER 4: VR AND AR
Now, to be honest, Virtual Reality Today sucks.
And there are not many practical Augmented Reality or AR applications today and even if there are, it is nowhere as big scale as the above list.
Virtual Reality still isn’t the portal between two realities and neither it is very affordable.
And AR devices like google glass has failed hard time. So why are they on the list?
Well, think about it once
The product of all the AI, Data science and cloud computing, what’s the best way to interface them to our understandings? Well, no matter how much we’ve advanced, our minds are still more stimulated to how we interact with the real-world in 3D. All of the above things connected in a network and though the interface of AR and VR, can not only enable us to discover completely different things in the field of computer science but can bring down an hour-long business model documentation down to just a sneak peek.
Now last but not least
To connect all of these technologies and make them work together,
Yes,
THE INTERNET:
Right, there’s just no introduction as to why The Internet would completely change industries and it’s probably the most well-known among almost anybody and so, you would be saying to yourself right now — “Oh shit, here we go again, 100th time reading about how the Internet would blah blah blah…”
Oh yeah, you’re right, but I can’t just appreciate enough how much the Internet has impacted in MACRO scale. And what we are seeing, Today is just the tip of the iceberg. The internet has insane potential to alter the way we live, the way we do business; in a way, no-one could think of today
Just till this day, already the introduction of all these social media platforms and e-commerce has spread cancer to the traditional way of doing business like nothing before. It has killed many business industries already and I just wouldn’t dare to name them just because this would a very very very read then.
And though the macro scale, the internet has changed really big aspects of the world:
From the gross volume of people traveling from huge huge health problems and also the rate of suicide.
What I believe: Even almost every problem of mankind today can be solved with the help of the internet I believe. We need to remember, the Intertet is not an object, it is just a tool. So it still depends on how well the objects based on the internet is executed.
If it is right, in the next coming 5 years, the internet will:
- Kill most traditional business industries
- Hugely decrease travel
- Put 100x more people into Entrepenurship
- Kill a lot of jobs
So it’s on one side very exciting but on the other side, super scary. But regardless, we should be digging hard and avoid things we can already predict with our current technology and use it as much as possible to change the fate of Technology once and for all.
