TOP 10 TECHNOLOGY THAT CHANGED THE WORLD
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Technology has changed immensely in the last 25 years, one could only argue that it’s continued to improve our lives, keeping us more connected to information, entertainment, and each other event, they are people who argue just the opposite. Either way, certain things you cannot deny is that advancements in technology have changed our lives forever. Hi all, I welcome you to the session. And here’s a list of the Top 10 technologies that change the world. And in no particular order, we are going to talk about 10 influential advancements from the past quarter century that have absolutely changed the face of how we look at and interact with technology, and continue to revolutionize our world for years to come. So without wasting time, let’s get started.
So in no particular order, first of all, we have block chain. Now most of you might have heard the term Bitcoin, which is the digital cryptocurrency that wrapped up all the headlines with its meteoric rise in value a few years ago. The decentralized currency incorporates technology, currency, math, economics, and social dynamics. And it’s completely anonymous. Now this was possible because of a technology called block chain. This encryption technology behind the cryptocurrency, which is a decentralized digital ledger that records the provenance of a digital asset. People hope to bring it into voting lotteries, ID cards, identity verification, graphics, rendering, welfare payments, insurance payments, so on and so forth. It’s potentially a very big deal. And the analyst firm Gartner estimates that block chain will provide $176 billion in value to businesses by 2025 and a whopping 3.1 trillion by 2030.
Next on our list, we have 3d printing. Now with the revolutionizing approach. 3d printing is definitely an interesting technology to look out for in the future. This is expected to bring in a major transformation in manufacturing healthcare and construction. With the market size of over 10 billion. The world of 3d printing is expected to grow by nearly 23.5% each year for the next five years, with big brands like Bugatti, Adidas, BMW, Audi and Porsche already working on multiple projects to remodel the future using 3d printing. The next technology has changed how we look at applications forever. And yes, I’m talking about micro services or the micro service architecture, which basically, as the name suggests, is the architectural style that structures an application as a collection of services. Hence, it’s highly maintainable and testable, independently deployable and can be organized around business capabilities. It’s based on the container technology that has dramatically changed the app lifecycle. Rather than taking months or years to build monolithic apps, developers can now rapidly build them using containers to create manageable micro services, and deploy them across private and public clouds. This significantly improves the base of app rollouts, and supporting infrastructure options.
In 3 rdnumber, we have bots and automation. No robotic Process Automation or RPA refers to software that can easily be programmed to do basic repetitive tasks across applications. It creates and deploys a software board with the ability to launch and operate other software, which is basically the idea that anything that can be automated in an organization should be automated. Now, that was the first revolution brought in a couple of years ago. But where are we moving next? The early generation of RB was capable of automating structured data with a predefined set of rules. But with advancements and easy integration of machine learning, new or bots serve as an alternate model. And they have done away with the If This Then That rules of basic RPA. Now these bots can learn and improve over time. And this industry is estimated to garner around 232 billion US dollars by the year 2025 in investments from companies like KPMG, AWS Microsoft.
Next on our list, we have everything as a service, which is a term for services and applications that users can access on the internet upon request. The everything is a service definition might seem a little unclear at first sight, but actually, it’s not that difficult to understand at all. It all started with a cloud computing terms software as a service platform as a service and Infrastructure as a Service, meaning that readymade software, a platform for its development, or a comprehensive computing infrastructure could be provided via networks. Gradually, other offerings appeared. And now, the designation as a service is associated with various digital components, such as data as a service, AI as a service, and many more. What’s more, anything as a service is not confined to digital products alone, you can get practically anything from food to medical consultations without even leaving your home or office by utilizing certain online services. Hence, everything is in the name. The biggest benefits here are scalability, high quality of services, cost and time effectiveness and focus on core competencies. At the moment, there is no full implementation of this pushing for everything as a service is an ideal benchmark, and one of the main strategies of leading global cloud companies such as Microsoft and Google.
In 5 thposition we have quantum computing, new companies and countries are pouring billions of dollars into quantum computing, research and development. They’re betting it will pay off by opening up new abilities and chemistry, shipping materials design, finance, artificial intelligence and law. Quantum computing is nothing but the area of study focused on developing computer technology based on the principles of quantum theory. Recently, Google is made a major breakthrough by successfully attaining quantum supremacy.
With 53 qubit quantum processes, were able to execute a random circuit program a million times within 200 seconds, which otherwise would have taken more than 10,000 years by traditional computing methods. The technology is beginning to show some of the promise researchers have had for decades now, companies like Honeywell, which one sold massive mainframes predicts the performance of quantum computers will grow by a factor of 10 every year each year for the next five years. Now, that is a big claim. So we can only wait and watch.
In 6 thno. we have big data. Now who doesn’t know about big data, it’s been quite a buzz in the market for quite a while now. Big Data during the time of its inception, gave enterprises an absolutely new perspective. On dealing with large volumes of data, it was clear that it’s not the amount of data that’s important what an organization chooses to do with it. More and more businesses are adapting to it to go beyond the traditional ways of data storage and processing. And major breakthroughs in many other domains such as data science, Internet of Things, machine learning, etc.
can be dedicated to the advancement of big data. Now this technology is set to morph again for the future, with new trends being introduced in big data analytics, such as data analytics, automation in memory, computing data as a service and augmented analytics. It is all set to transform the industry again. Companies like Amazon, Netflix, Starbucks, Spotify, Google and Adobe, have already implemented big data, and it’s expected to explode even more in the years to come.
Next on our list, we have Internet of Things. Today, there are 10s of billions of internet connected devices around the world that allow us to perform Smart Home tasks, such as turning on lights, checking who was at our front door, and getting an alert when we’re out of milk. It also has industrial applications such as healthcare and management of municipal services.
The Internet of Things, basically refers to a system of interrelated interconnected objects that are able to connect with each other and interact with each other over the internet. For such a simple concept, the personal and business possibilities are endless.
The investment on this domain alone is expected to hit more than 240 $8 billion this year, which is more than twice the amount spent three years ago. In five years, the market is expected to reach to about $1.5 trillion. And major players such as AWS, Cisco, SAP, Microsoft, HP, and Dell are already dominating a major share of this month. Good, what other businesses are increasingly adopting the platform and aren’t too far behind.
Next on our list, we have another emerging technology called distributed cloud. Now distributed cloud enables a geographically distributed, centrally managed distribution of public cloud services, which is optimized for performance compliance and edge computing. It’s a service that lets you run a public cloud infrastructure in multiple different locations, not only on your cloud provider’s infrastructure, but on premises. In other cloud providers, data centers are in third party data centers, and manage everything from a single control plane.
So your business can deploy and run applications, or individual application components in a mix of cloud locations and environments that best meets your requirements. This bumps up performance, regulatory compliance, and even more. It’s also the operational and management in consistencies that can occur in hybrid cloud or multi cloud environments.
The demand for this technology is driven primarily by Internet of Things artificial intelligence, telecommunications, and other applications that need to process huge amounts of data in real time. But it’s also helping companies surmount challenges by complying with country or industry specific data privacy regulations, and more recently, providing IT services to employees and end users, redistributed by the pandemic.
And finally, at the end of our list, we have artificial intelligence. Now, artificial intelligence. Simply put, simulating human intelligence and machines used to be a concept confined to science fiction movies. But in the recent decades, it’s broken into the real world, becoming one of the most revolutionary important technologies of our time. In addition to being the brains behind facial recognition, voice recognition, hyper automation, and many more, is helping solve critical problems in transportation, retail, and healthcare.
On the internet, it’s used for everything from speech recognition to spam filtering, Warner Brothers even plan to use AI to analyze its potential movies, and choose which ones to put into development. Now, along with the applause, there’s also fear, which has been drilled into us by Hollywood movies of a dystopian future looming with the creation of autonomous weapons, including drones, missile defense systems and Sentry robots. But industry leaders have called for regulation of the technology to prevent the potential harm from things like these. Now, artificial intelligence is expected to take a major leap this year, and big players such as Google, Amazon, Apple, Microsoft, Facebook and Intel, are the forefront of this initiative, each of them trying to tap the potential of AI for developing the solution to gain a competitive advantage over the other.
With that I conclude my list. Now all of these technologies have created either a groundbreaking advancement in the technological landscape, or are continuing to do the same for the future also, if you think we missed something on our list, do not forget to leave your suggestions in the comment section.
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