The Future of Business: Tech Trends in 2020

 2019-09-8

Times are changing at a fast rate. Most of the things around us — if not all — are now being digitized with help from the internet. Social media, research, and even currency are now at our mercy. The internet rapidly gained acceptance from the majority of the population, due to the convenience it brings within the realms of communication, transactions, and security measures. And the benefits that the internet has provided its large number of audiences are now being targeted by giant corporations. As innovations and developments in technology are emerging from left to right, businesses now have to keep up with the modern age of the internet in order to secure their future. Here are some technological trends that you need to expect by 2020.

AI (Artificial Intelligence)

Artificial Intelligence has long been monitored by techie fans for the possible features and attributes it can bring to businesses. While the technological advancement of AI is getting better every day, the technology still has a few more years to go before it’s perfected. Chatbots are now prominently being used not just to assist customers, but to gather data and improve the AI behind it. AI already has its primary functions and uses, but tech giants may have bigger plans for this tech.

With several tech startups working on improving AI, it’s one of the tech trends in 2020 that will disrupt the future of business and the way they work.

Automation and Robotics

Automation is rapidly conquering industries. Everything we used to think of to become more productive and efficient in the workplace is being materialized and automated. Big industries and businesses are maximizing this technology because it gets the job done with minimal human assistance. However, while automation and robotics can potentially increase productivity in the workplace, this technology is considered dangerous due to its potential to wipe out entry-level jobs.

But this technology is still one of the tech trends in 2020 to look out for. Countries with more advanced technologies, such as Japan, have developed robots that replace most of their labor or day jobs. Although these robots are still being improved and undergoing several experimentations. Automation and robotics will soon reach its peak, and strategically using it for your business will surely place you in front of competitors.

Drones, Games, and Virtual Reality

These kinds of tech are being enjoyed by the general population right now. Gamers and non-gamers are being connected by the progressive advancement of entertainment. Drones today have undergone state-of-the-art upgrades — 4k resolution output and global positioning systems — that allows them to follow subjects for a better shot. However, the cost of getting the latest drone is usually out of a normal individual’s budget range. Although people are getting more ways to capture the world from a different perspective, they can’t do it at affordable prices.

A lot of businesses in the entertainment industry are funding the innovations of games and Virtual Reality. Virtual Reality upon its conception has been upgraded with the latest advancements to provide more lifelike graphics and experiences. This technology has been giving gamers new vibes for their capability to bring its user and players to a different world. Of course, the healthy competition between giant game developers makes its development even faster. Due to one company trying to outdo another, no expense is being spared for the VR tech. Most of the fruit of their labors will be released by 2020. And you better watch out.

Analytics

The future of business will have data, statistics, and research at its foundation. While traditional businesses have built empires with data as well, businesses in the process of renewing their strategies has a lot to gain from analytics. Analytics is continuously introducing different kinds of technology that are mostly used by giant corporations. Although analytics-based technologies are just by-products of AI, tech startups are developing its features further than we can imagine. These technologies, apps, or software are popular for gathering information from users of different partner platforms to serve them with products and services based on their online activities. These activities include their search history, webpage visits, the duration of their visits, and other traffic-related activities online.

Due to its potential to report back relative data that will help businesses improve products and services, startups with analytics-based software are being funded by investors worldwide. This tech will be enhanced and developed to have more accurate results and reports. This will give several starting companies an edge towards their biggest competitors, especially by 2020.

Of course, a lot of these tech trends in 2020 will only materialize with enough investors supporting the innovations. While a lot of users appreciate and are looking forward to these tech trends in 2020, most of them are underdeveloped. However, 2020 is filled with endless possibilities, especially now that we are seeing more collaborations between startups and corporations. You’re just going to have to look forward to the next big announcement of upcoming tech, just as how we’re looking forward to them as well.