Technology developments you really should know about

In this day and age, technology is moving at an icredible pace and is showing no hints of slowing down so it's something extremely exciting to be an important part of and live through. Our personal lives have come to be highly reliant on the technology that individuals have put together. Researchers have also just recently made many discoveries in machine learning which mimic the process of real neurons. Other technologies are still unfolding, and others is going to take more than a decade to develop. Please read on to learn about some of the hottest improvements in this industry.

The next great stride forwards will be from 4G to 5G which is expected to support the growing Internet of Things (the progression of this will enable us to have the internet and some type of technology embedded in almost everything we do). 5G will be an enormous leap allowing split second responses as well as less battery power necessary to connect, meaning devices can last considerably longer. This development will help to connect cities so they are better able to communicate and develop genuine tech hubs. As a result this will make organisations more effective at what they do. Writer Chloe Cornish discusses this further saying that the estimations for investing on the IoT could be almost as much as 132 billion dollars by 2020.

Artificial intelligence seems to be nearly everywhere these days, yet a lot of people can still learn a lot from its abilities. This involves using great amounts of data to train computers to perform a certain task. AI technology has made its way into a lot of products and services along the lines of facial recognition and voice assistants in smart phones and on social networks. Professionals such as businessman Richard Li will undoubtedly be excited about these digital advancements. Artificial Intelligence is definitely a brand new hot topic and a great deal of investors are running to invest in new businesses who are leaning towards this.

Digital technology knows no limit and is even changing the appearance of the banking world. Chris Skinner is saying banks will seek to use these technologies to minimize costs, automate various procedures and differentiate service levels through data awareness. Online banking has really made it achievable for people to gain access to banking services from anywhere in the world rapidly and conveniently. A lot of banks offer online portals where you can log on and track all your spending practices over the past months making it easier to keep track of things. Banks are even checking out and testing new wearable apps such as on smartwatches. Moreover technological advancements have allowed for increased data protection and management of sensitive information when compared with the former manual methods of securing bank data.

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