Human civilization has come a long way from inventing the wheel some six thousand years ago to all the digital gadgets of the 21st century. However, it seems like the vast majority of changes took place in the last few decades.
Technology is obviously accelerating as the pace of technological progress, especially IT, speeds up exponentially over time because there is a common force driving it forward. Cutting-edge devices of today will become obsolete tomorrow. The magnitude of progress is staggering:
- 90% of the world’s data has been created in the last couple of years.
- There are more than 4.5 billion Internet users in the world today.
- It is estimated that 90% of cars will be connected to the Internet by 2020.
These and many other stats clearly reveal the scale of tech evolution, but it is only the tip of the iceberg. New apps, gadgets, programs, software, plugins, and tools emerge on a daily basis and it’s getting increasingly difficult to keep track of all changes.
But if you want to stay competitive both personally and professionally, you have to keep an eye on the most important IT trends. In this post, we will give you an overview of the main technology trends that will dominate 2020:
- Big data
- Internet of Things (IoT)
- Amazon Web Services (AWS)
- Artificial Intelligence (AI)
Big Data: Definition, Stats, Use Cases
One of the most important tech trends of the 21st century comes in the form of big data. By definition, big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software.
What makes this trend so powerful and important?
The answer lies in the sheer volume of data generated daily all over the globe. Reports reveal that people, companies, and devices will produce 463 exabytes of data every day, which is the equivalent of over 212 million DVDs.
The figures are staggering and prove that no human being or standard software can process and analyze such huge data volumes. On the other hand, wasting so much information would be terrible – just imagine what we could do simply by drawing meaningful conclusions out of massive data libraries.
This is where big data steps in to save your day. Namely, the platform is able to administer and analyze every type of data library, including completely structured, semi-structured, and unstructured information. In other words, you can use it to learn all there is to know about customers, processes, internal procedures, and so on.
For example, custom writing help can use big data to analyze millions of clients and discover new ways to improve professional services. The same goes for all other organizations, regardless of the field of work. In such circumstances, it’s not surprising to see some fascinating stats behind the new technology:
- The big data analytics market is set to reach $103 billion by 2023.
- Data-driven organizations are 23 times more likely to acquire customers than their less proactive peers.
- For a typical Fortune 100 Enterprise, an additional $65 million net income can be gained by increasing data accessibility by just 10%.
IoT: Definition, Stats, Use Cases
IoT is the second IT trend on our list, but it’s not any less relevant than big data. IoT is defined as a system of interrelated computing devices, mechanical, and digital machines that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
Jake Gardner, a web developer at edubirdie review, explains that IoT enables faster, better, and more efficient service on all levels of professional and personal lives: “When devices gain the ability to communicate and exchange information, you can expect them to get additional functions and serve your needs even more productively.”
How does IoT work?
The process is fairly simple – a physical device is connected to the Internet and it can send information online. For instance, a smartphone you use can send information that it wants to play a certain song. The network replies by redirecting your smartphone to the data library that contains the targeted tune, so your mobile device can play the tune.
Of course, the concept stretches far beyond the smartphone universe. Let’s say you are running out of food – an IoT fridge can notice it on time and order a new round of supplies on your behalf. Some of paper writing service agencies can even create a network of programs and learn when there is a demand for fresh content.
The list of possibilities is literally endless, which is why the global IoT market is expected to grow to $212 billion in 2019. Other states show pretty much the same trend:
- Over 30 billion IoT devices will be fully operational by 2020.
- 90% of senior managers claim that IoT is vital for some or all of their company’s operations.
AWS: Definition, Stats, Use Cases
AWS is the world’s most comprehensive and broadly adopted cloud platform, offering over 165 fully featured services from data centers globally.
IT experts at the Australia assignment help service claim that AWS is by far the largest and safest cloud computing platform. Developed in 2006, AWS primarily served as the foundation of Amazon’s eCommerce operations, but it quickly grew to become one of the most important technology trends of our era.
AWS offers businesses the so-called “pay as you go” system, which means they can use the platform as much as they want and pay for what they get only. The platform is all-encompassing, so you can choose between many different cloud solutions:
- Computing, data storage, management, and migration
- Networking, web development, hybrid cloud
- Cybersecurity, data monitoring, and administration
- Big data, AI, and analytics
- Mobile apps, live chat, and notification systems
The platform is available in almost 200 countries worldwide, but you do have to check individual terms of service for each one separately. AWS has a wide range of benefits that you might expect from the largest cloud computing provider.
First of all, there are no upfront costs and the platform is relatively cheap compared to similar services. It is also one of the safest networks you can find online, while the system is easy to figure out and use from day one. There are no capacity limits, while the speed of services is unmatched. Here are a few stats to describe the power of AWS:
- The platform earned $25 billion in 2018.
- AWS has more than one million active users globally.
- Over 54 thousand databases have migrated to AWS.
AI: Definition, Stats, Use Cases
We end the list of technology trends with AI, a super-powerful feature that already impacts almost every industry in the world. What is AI?
The term is frequently applied to the project of developing systems endowed with the intellectual processes characteristic of humans, such as the ability to reason, discover meaning, generalize, or learn from past experience.
AI is everywhere, from simple calculators to some of the most complex systems such as flight navigation or machine learning. The system is based on three principles:
- Perceiving information from the surrounding environment
- Identifying common patterns
- Learning and improving the system based on those patterns
If you want to see a practical example of AI in the real-world environment, look no further than essay service. Namely, the website relies on AI to provide visitors with reliable customer support. They built a chatbot system where AI-powered agents are able to give accurate answers to clients around the clock.
There are no delays, time-waste issues, nervous clients, etc. This is only one example, but it really shows how AI can have a practical impact on everyday business operations.
Statistical reports, however, prove that 77% of consumers are already using AI-based technologies. There is a lot more to add here:
- AI will grow into a $118.6 billion industry by 2025.
- 80% of emerging technologies will have AI foundations by 2021.
- 54% of executives say AI solutions implemented in their businesses have already increased productivity.
AI owes much of its success to the sheer versatility and the number of possible applications. It’s hard to imagine a business or activity that cannot be enhanced with AI-powered systems. In such circumstances, AI is guaranteed to become even more important and impactful in 2020 and beyond.
Digital technologies are evolving exponentially and it’s getting harder to keep track of constant changes in the field. It basically means that only the most agile organizations and individuals can stay competitive and make long-term progress.
In this post, we analyzed the main technology trends that would dominate 2020: big data, IoT, AWS, and AI. Have you already thought about embracing some of these tech trends? Which one do you believe to be the most valuable for your business?