What is Technology
Technology is the sum of skills, methods, techniques, and processes that used in the production of goods and services. It provides basic information in specific field like arts, commerce & science. While technology contributes to economic development and improve human prosperity, it can also have negative impacts like pollution or resource depletion, or may cause social harms like technological unemployment resulting from automation. As a result, there are ongoing philosophical and political debates about the role and use of technology, the ethics of technology, and ways to mitigate potential downsides.
Latest Top Technology Trends for 2022-2023
- Artificial Intelligence (AI)
- Machine Learning (ML)
- Robotic Process Automation (RPA)
- Virtual Reality & Augmented Reality (VR & AR)
- Artificial Intelligence– AI provides a computer program the ability to think and learn on its own. It is a simulation of human intelligence into machines to do things that we would normally rely on humans. It is possible to consider anything to be artificial intelligence if it consist of a program performing a task that we would normally assume a human would perform. AI has already received a lot of buzz in the past decade, but it continues to be one of the new technology. The AI market will grow to a $190 billion industry by 2025 with global spending on cognitive and AI system reaching over $57 billion on 2023. AI is already known for its superiority in image and speech recognition, navigation apps, smartphone personal assistants, ride -sharing apps and so much more.
- Machine Learning– Machine learning is a branch of artificial intelligence (AI) and computer science which focuses on the use of data and algorithms to imitate the way that humans learn, gradually improving its accuracy. Machine Learning the subset of AI, is also being deployed in all kinds of industries, creating a huge demand for skilled professionals. Over the last couple of decades, the technological advances in storage and processing power have enabled some innovative products based on machine learning, such as Netflix’s recommendation engine and self-driving cars.
- Robotic Process Automation (RPA)– Robotic Process Automation (or RPA) is another technology that is automating jobs. RPA is the use of software to automate business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails. This can greatly reduce labor costs and increase efficiency by speeding things up and greatly minimizing human error. Robotic process automation (RPA) is designed to help primarily with office-type functions that often require the ability to do several types of tasks in a specific order. It creates and deploys a software robot with the ability to launch and operate other software. Industry research suggests that the global RPA market will grow to nearly $600 billion in 2022.
- Virtual Reality & Augmented Reality(VR & AR)-It is the use of computer modeling and simulation that enables a person to interact with an artificial three-dimensional (3-D) visual or other sensory environment. VR immerses the user in an environment while AR enhances their environment. VR applications immerse the user in a computer-generated environment that simulates reality through the use of interactive devices, which send and receive information and are worn as goggles, headsets, gloves, or body suits. This Technology is very important for school colleges or other Learning institution. Over 14 million AR and VR devices were sold in 2019. The global AR and VR market is expected to grow to $209.2 billion by 2023, only creating more opportunities in the trending technology, and welcoming more professionals ready for this game-changing field.
- 5G– 5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.
5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra low latency, more reliability, massive network capacity to experience more users. The 5G network has significant latency reductions. Latency is defined as the total elapsed time starting when a device sends out the information and ending when the receiver gets it. Also, 5G’s peak capacity is measured in gigabits, not megabits. As a result, networks connect more people, and the greater data intensity means more versatility. 5G promises to be a game-changer, a quantum leap forward in mobile tech.