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Latest Technology Trends That Will Impact Businesses in 2020

If you are still wondering ‘what’s new technology?’take a look at the newest tech trends that are hand-picked by our experts after doing extensive research: One of the most enigmatic new upcoming technology that businesses will need to adopt is the advent of 5G.

According to Huawei, 5G could “support 1,000-fold gains in capacity, connections for at least 100 billion devices and a 10 Gb/s individual user experience of extremely low latency and response times.” But to take this speed to everyday mobile users, mobile network carriers will need to increase bandwidth and reduce network costs.

Elon states, “From our standpoint, if you fast forward a year, maybe a year and three months, but next year for sure, we’ll have over a million Robo-taxis on the road.” Functions like automated braking, lane-changing, and automation of the other in-car systems are on its way to being streamlined with the guidance of data capture and analytics.

However, Gartner analyst Mike Ramsey thinks differently, which is true to an extent, “The idea that you can have a vehicle that can make complex decisions for full self-driving is just not plausible at this point.” There is still time for the modulation of the laws for autonomous driving by legislators, regulators, and authorities.

Gartner asserts four key aspects of the democratization of technology trend that will make it big in 2020: The best example of democratization can be credited to the developer, who will be able to generate data models without learning the skills of a data scientist.

The trends of cloud storage and cloud computing are already embraced by the industries across the globe and the next big thing that is going to hit the tech ecosystem is the distributed cloud system.

This upcoming technology of 2020 will be a significant breakthrough in the cloud infrastructure.  Distributed ledger technology (such as blockchain), Artificial intelligence (AI), Extended reality (including virtual and augmented reality), and Quantum computing, abbreviated to DARQ form one such future technology trend of 2020 that business must integrate on priority.

Similarly, it’s using AR instructions to help service employees repair vehicles.  Digital integration into people’s lives has become so deep that data analytics has more information than they could ever analyze with current technology.

Although at present, these latest emerging technologies are still riddled with glitches threatening human safety, but looking at their enormous prospects, it is bound to become a technology trend in 2020.  Ever since the European Union’s General Data Protection Regulation (GDPR) tightened the bolts on privacy and data protection laws, businesses and consumers alike have become more aware of their vulnerability to data breach and cyber-attacks.

As digital realities get more sophisticated and narrowed down to an exclusive reality of each moment, global technology trends will align towards more customized and on-demand experiences to fulfill customer needs.  To do this, businesses will need to combine real-time analytics capabilities with sophisticated back-end systems to capture constantly altering customer needs.

The present human workforce is dealing with a disruptive digital transformation where cloud, analytics, and digital wave may still stand essential for groundwork but are no longer the crown jewels of “disruptive technologies.” Yet they are still recruited, trained, and assessed in pre-digital ways.

As cryptocurrency gains stronger credibility and digital payment systems like Google Pay and Amazon Pay grow in use, traditional banking will lose its ground.  In 2020, traditional banks will steal hold greater value, but businesses will need to carve out the adoption space for growing digital transaction sources.

It’s no coincidence that banks like Bank of America are gathering blockchain patents.  Technology trends in 2020 will come with both unfathomable innovation and intricate connectivity, drawing the social responsibility of businesses to respect the ethical lines of the consumer data breach.

It also plans to add a navigation feature, which will show optimized routes through the store to each item on that list.  While this means more sophisticated consumer satisfaction and better business, it also begs the question of what is the real cost of consumer analytics in 2020 collected for these services.

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