Technology is changing the world in a constant rate. From smartphones to robots, we’re always connected and are able to stay connected at all times. The communication is no longer face-to-face or even with handwriting, but instead through voice assistants, text messages and video calls.
The new technology has improved the quality of our lives from generation to generation. It’s not without risk especially when it comes to the market for jobs. Many worry that new technologies will replace human jobs, and this could happen to some extent. But we know from past experience that the elimination of some jobs is offset by creation of new, better jobs.
Artificial intelligence, robotics and natural language processing are transforming the workplace. We are also witnessing the impact of drones and 5G networks.
These technologies will transform the business process, bringing higher levels of automation connectivity, security and connectivity. Blockchains, for instance are changing the way supply chains are run by making it more secure and offering an irrefutable record of transactions. And 5G will enable companies to process data closer to where it came from (ultra low latency) and to achieve data sovereignty, and increase privacy by reducing data transmission costs.
Virtual reality and augmented reality are changing the ways we interact with digital devices and information. They provide immersive experiences that appear and feel like real life. We’re also seeing significant advancements in areas like gene editing, which will reduce the frequency of genetic disorders ranging from hereditary diseases like cystic fibrosis to muscular dystrophy and could even prolong our lifespans.