Latest Technology Trends That Will Impact Businesses in 2021

Nov 16, 2021
Latest Technology Trends That Will Impact Businesses in 2021

Technology is evolving at a faster pace, enabling changes and progress. However, this year there has been a lot of disruption in the IT industry due to the outbreak of COVID-19. This will lead to new tech trends and developments in the industry and revolutionize businesses.

Here are the top 10 tech trends for 2020-21:
  • Artificial Intelligence
  • Machine Learning
  • Robotic Process Automation
  • Edge Computing
  • Virtual Reality and Augmented Reality
  • Blockchain
  • Internet of Things (IoT)
  • Cyber Security
  • Touch Commerce
  • Cognitive Technology
  • Mobile Wallet
  • Beacon Technology
  • Cloud- based Apps
  • Wearable Technology

Artificial Intelligence - Artificial Intelligence (AI) has created a lot of buzz in the past decade and continues to top the chart because of the significance it has on how we live, work, and play. It is known for providing superior quality images, speech recognition, navigation apps, etc.

Robotic Process Automation - Robotic Process Automation or RPA is the use of software to automate business processes such as interpreting applications, processing transactions, dealing with data, and replying to emails.

Edge Computing - Edge Computing is a new trend to watch. As the quantity of data organizations is dealing with is increasing, they have realized the shortcomings of cloud computing. Edge Computing is designed to help overcome some of these problems and for getting data to a data center for processing.

Virtual Reality and Augmented Reality - Virtual Reality (VR) and Augmented Reality (AR) are another set of technology trends in 2020-21. VR immerses the user in an environment while AR enhances their environment.

Blockchain - Blockchain offers security that is useful to businesses in many ways. It helps build a chain of data and disables change to previous blocks which makes it more secure.

Internet of Things (IoT) - The Internet of Things is another promising technology. As many devices are now built with WiFi connectivity and can be connected to the internet and each other. It has already enabled devices, home appliances, cars, and much more to be connected to and exchange data over the internet.

Cyber Security - Cybersecurity is not new but an evolving technology as the threats are constantly new. Moreover, new technology is being adapted to enhance security.

Touch Commerce - Touch Commerce is a popular trend in the generation that keeps its figures scrolling on the screen. It allows people to buy anything they want with the touch of a finger. After linking their payment information to a general account and enabling the feature, it allows people to buy anything with just a fingerprint.

Cognitive Technology- Cognitive Technology is an umbrella technology to machine learning and virtual reality. It includes Natural Learning Process (NLP) and speech recognition. Together these technologies are able to automate and optimize a lot of tasks.

Mobile Wallet In mobile wallets, the encrypted security feature ensures that the user’s money is safe. Contactless payment and secured transactional process makes mobile wallet more reliable and trusted.

Beacon Technology In the marketing field, Beacon technology plays a significant role. It has bridged the gap between the companies and customers. Most of the industries like healthcare, hotels have included beacon technology in their services.

Cloud-Based Apps Cloud technology has explored a lot of possibilities. Although it is one of the most trustworthy platforms for data storage, it is yet to enter into the mobile app development process, and probably this will happen in the coming years.

Wearable Technology Many influential brands are making use of wearable technologies. With the introduction of wearable technologies, such brands are getting more engaging customers who are now being their loyal advocates.

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