With the rampant synergy in tech and business development, Zeitgeist takes a closer look at tech integrations that are going to become mainstream.
AI seems to be slowly but surely replacing jobs that require technical computation and data analysis to produce more human driven conclusions through apps, devices and platforms. AI cannot mimic the empathetic human brain just yet, but already has the capability to beat the human brain in playing a game. Libratus just beat top class human poker champions at their own game, just like Deepmind with chess. AI can now also mimic racial biases. On October 17th, 2017 Sophia was introduced – an AI bot that rose to fame by being introduced to the U.N. and acquiring citizenship in Saudi Arabia. She can imitate human expression, though she is still learning what these things mean. Research firm Gartner estimates that AI will eliminate 1.8 million jobs by 2020.
And then there is the eternal question – could AI ever replace humans altogether?
We all know that IoT (The Internet of Things) has been hugely disruptive. Connecting smart sensors to connected devices has created a huge way of convenience and control to the user. Today we are able to control a small light switch, or a large off site generator through virtual assistants like Google’s Alexa. But the real magic is just about to begin.
By combining Blockchain Technology with IoT, tech is going to see a new wave of security and services for businesses. API’s will very soon come in to connect different databases with different computer services. This will drive efficiency and competition. For example a BIoT innovation could be shipment tracking devices with sensors embedded in them for real time data. Imagine the impact of quality in our supply chains if we could track heat, time, and traffic to ensure that our vegetables got to us perfectly fresh!
BIoT will assure companies that their most valuable data will not be hacked – a huge upward move for security in businesses across the globe.
Li-Fi and AR
Augmented Reality will take centerstage this year. The rapid pace at which AR has taken off will allow people to shop for things that fit to size. Augmented mannequins will create a customised shopping experience where body types will be easily created to match your own, along with online inventory that will rival any online store.
In addition to this, Li-Fi, a new light-based data connection, will bring speeds up to 100 times faster than a 4G wi-fi connection.
The retail experience is rapidly changing for the consumer – online stores, watch out!
Fintech will soon take over traditional methods of paying for things. With social and mobile payments at your fingertips it only makes sense to focus on pushing these technologies further for more efficiency. Soon we will be able to scan our eyes through our smartphone to make a payment, eliminating the need for credit and debit cards altogether!
With Cryptocurrency and Blockchain creating further security in finance, it will be a matter of time before we make serious attempts to reduce the energy used in quantum computing and secure mining – investors get ready! This will in turn create financial incentives for all major retailers to move into Cryptocurrency and all their digital assets will begin to behave similarly to traditional methods of finance, payments, loans and credits, at a scalable cost.
The landscape for business today is fresh and exciting. Operational changes and business offerings are rapidly being driven to integrate progressive tech in order to stand apart from competition. Consumers – dabbling in some reading to equip you with what the future holds could stand to benefit you in more ways than one. Business owners – if you aren’t tech savvy yet, watch out, you have a hurricane coming your way!
Founder and Chief