This current year has already been in a flow of tech innovations, from the growth of social robots and personal assistants to Amazon Prime’s one-day delivery gamble and the proliferation of voice search.
Chatbots have been heavily released this year too, and are well-received by customers who would have to call or submit forms. But we’re more to half the way through 2019, so it’s time to think: What big tech changes are going to affect the way in 2020?
1. Prescriptive Analytics
Prescriptive analytics has been in Swing since data-analytics products began to escalate. Until now, analytics tools have been the most focused on descriptive and predictive applications which allow for historical data to better arranged and showcased to allow for a “better understanding of changes raised,”.
Prescriptive usage in question would deliver options for how to take benefits of the results of descriptive and predictive analytics. If this sounds the same to predictive analytics, then you are not wrong, and there’s some dispute about the definition. Limited prescriptive functions could begin crawling more widely adopted analytics tools in 2020.
2. AI as a Service
The combining of the SaaS business model with AI could help bring AI to the masses with an affordable cost. While AI is advancing in some areas and lagging in others (e.g. speech recognition), there are already some AI provider platforms which offers services such as processing-intensive GPU workloads, and Google, Amazon and other large companies already offer machine-learning solutions and training materials. Reproduction in this area, and move to more specific AI works being offered on subscription, is what to be seen in 2020.
3. The 5G Network
Perhaps you have started to use 5G WiFi, introduces fast internet straight from our cellular networks. We can expect more from this in the near future. While there have been some missing concerns over what 5G could be doing to our bodies, the flow is continuing to roll. The increased bandwidth will provide faster internet speeds with a simpler setup process. If that’s not enough, the 5G networks will also make easier the use of drones and driverless cars, allowing them to communicate fast with any other smart vehicles in their region.
4. Mobile Commerce
Mobile Commerce has been indulging in our life from the past few years. We use to do shopping from our phones via intuitive apps and mobile-friendly websites.
Also, Check out the Mobile Marketing Trends In 2018
Take an overview of the cash-and-cardless world by just hop on a plane to any major Chinese city. The use of online platforms to pay for almost everything has made life simpler, and the QR code is back in vogue.
5. Mid-Market Technology Growth
When we discuss growth or decline in the field of technology, we are often discussing the largest tech companies. What is changing is the level of interest placed on mid-market businesses and their growth. As investors come to grips how to own, operate and invest in originated tech companies and online businesses, we are starting to see more reports on this mid-market sector and its potential. This Technology M&A Review shows assuring signs for mid-sized content, e-commerce, and SaaS businesses.
6. Alternative-Cryptocurrency Failure
The list of changes in technology would be incomplete without some mention of cryptocurrency and blockchain. Whether you think bitcoin is a giant scheme, or you believe that it’s the future of money — one thing can’t be denied: Bitcoin is dominating the crypto market. Where many cryptocurrencies have risen and fallen, Bitcoin has now a market dominance of around 69% after being low as 35% in January 2018. Growth in price over the last few months raised questions of whether Bitcoin could really be a new digital gold. Blockchain technology is expected to see more functional applications in healthcare, asset management and intellectual property in 2020, but whether Bitcoin and the blockchain will thoroughly change the way we live remains to be seen.
7. The Devolution of APPs
To find and download apps could be the next question to solve for companies distracted by their investment into apps and the ambitious nature of the various app stores. People believe that making apps accessible from a cloud, or scrapping them all together in favor of Progressive Web Apps, might be more fruitful and cost-effective for everyone involved.
With a lot of changes in our technology so fast, it can be hard to hold the upright scale of innovation undertaken. The list above features some of the more interesting developments but is far from radical. By these trends, we can assume that 2020 will be an alluring year for major tech companies and entrepreneurs alike.