Software technology trends that will change the world in 2020

Techasoft - Technology is evolving at such a rapid pace that annual predictions of trends are gaining momentum Technology is evolving at a faster pace and changes are becoming exponential.

1. Machine Learning: Machine Learning is a subset of AI. Machine Learning is rapidly being deployed in all kinds of industries, creating a huge demand for skilled professionals. The Machine Learning market is expected to grow to $8.81 billion by 2022. Machine Learning applications are used for data analytics, data mining and pattern recognition.

2. Artificial Intelligence: Applications like Siri, Cortana, Alexa and Google voice assistant make our life much easier by taking over each day tasks like reading, writing and sending messages, switching camera and microphone on and off, searching the internet for information, setting reminders, etc. via their artificial intelligence capability. As businesses see the popularity of these virtual assistants, they want parallel mobile applications in the form of chatbots and personal assistant. As a mobile app developer this app trend can help you fetch the profits in the long run.

3. NLP: NLP is the technology that helps computers understand human language and process it. With the integration of Natural Language Processing in Chatbots development; they have become one of the technological trends in 2020. Using NLP, Chatbots understand the intention behind human words and act accordingly. Even now they have redefined the relationship between a business and its users. With NLP, it will reach its maximum potential.

4. Blockchain: Blockchain has become popular over the years for its security. In a Blockchain, nobody has complete control. This makes it difficult for a data breach compared to other systems. Blockchain can be used as a ledger system if you run a business on your app involving sales. The technology could be involved in more apps as large industries like banking are developing it for transactions.

5. Internet of Things (IoT): Internet of Things is a vast network of interconnected things that exchanges data with the internet and other things. These things include homes, vehicles, sensors, humans and so on. Since, the last few years, IoT always had a spot in the list of future technological trends, and list for 2020 is no different. Currently, the smart home is the best example of IoT technology, but more projects for the same are in the pipeline. By 2020, billions of things will be connected to the internet making them smarter. A prediction done by IHS states that by 2020, the number of the internet of things device will reach 75 billion.

6. Edge Computing: By 2020, 45% of data that IoT device creates will be processed, stored and analysed by edge computing. As the quantity of data we’re dealing with continues to increase, we’ve realized the shortcomings of cloud computing in some situations. Edge computing is designed to help solve some of those problems as a way to bypass the latency caused by cloud computing and getting data to a data centre for processing. By 2022, the global edge computing market is expected to reach $6.72 billion.

7. Facial Recognition: iPhone X started the trend of facial recognition. But by 2020, most industries will use this trend in various applications and devices. Currently, the only application of facial recognition is unlocking your phone by looking at it. By 2020, users will be able to lot more. Users will be able to unlock their house and car (who would be connected to the net) using facial recognition. Using only your face, you will be able to withdraw money from the ATM.

8. Automation: Automating production and delivery of goods means there is less chance of human error. By 2020, it will definitely become one of the top technology trends. Automation, as we all know, is a process of creating technology that can control and monitor various aspects of a product with minimum human assistance. It is widely used in various fields like manufacturing, defense, transport, and utilities and so on. Automation will add $512 billion to financial services. The market share for robotic process automation will grow by 41% year to year by 2020.

9. Voice: Technological trends in 2020 are incomplete without a voice. There was a time when the use of voice was limited to talking on the mobile phone. But with voice technologies like Apple’s Siri, Google’s Assistant, Amazon’s Alexa and Microsoft’s Cortana; we have seen the potential of this technology trend. The applications of these voice technologies are numerous. By 2020, there will be a huge increase in the number of voice-based mobile applications. Voice technology will provide answers based on contextual understandings.

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