Technology is evolving at a very fast speed, shaping our lives in ways that we would never have imagined. As we get to familiarize ourselves with the changes that are already happening in this field, it is important to understand the trends that will shape the next five years. We have compiled a list of some of the most interesting top technology trends for the next five years.
Edge computing is one of the most exciting technologies for organizations. The popularity of edge computing is growing because it brings computer processes and data storage technology closer to companies and organizations, reducing response times and lowering the bandwidth used. There are many advantages that this edge technology is likely to bring in the future. Some of them include;
Boosting cyber security to low levels through reducing problems with privacy regulations, data sovereignty, and local compliance. There has been information that edge computing increases the possibility of cyber-attacks, but the truth is that it reduces the impact of such attacks, if at all they happen.
Edge computing also increases computer speed because it reduces latency. This is mainly because the data analysis is limited to the edge, so processing speed is accelerated.
Through edge computing, people will be able to reduce the cost of keeping data by categorizing it based on management's point of view. This means that some data can be held on the edge, which reduces the costs of bandwidth.
Edge is seen as the next big thing, especially in data and analytics. It is, therefore, very important for companies and industries to keep an eye on this very important technology. That is why it is considered as one of the most promising technology trends.
Artificial Intelligence (AI)
Artificial Intelligence is expected to grow massively in the next couple of years. AI has already improved research, with data scientists and researchers benefiting massively. Companies such as Google and OpenAI have invested heavily in Bing and ChatGPT, respectively. One area in which AI is expected to expand massively is the area of consumers. Already, there is an AI-driven power adapter called Teak Smart Cube that is meant to help users save on energy bills. Within this period, massive worry about AI taking human jobs will occur. This is a period that is mostly seen as a robot and human interaction period. Therefore, AI is one technology that is expected to have massive developments within the next five years.
Cloud computing is another trend that will only get better within the next five years. It is expected that there will be a massive transition to cloud computing in the next years. Alternatives to cloud computing, such as edge computing and fog computing, will also be expected to grow massively. Fog computing will be one technology to watch because it is seen to have solutions to some of the challenges that cloud computing has.
Quantum computing is another technology that will grow massively in the next five years. Quantum computing uses quantum principles such as superposition and quantum entanglement. This is the technology that is part of the prevention of the spread of viruses as well as the development of new vaccines. Quantum computing helps by easing monitoring, action on data, and querying. It helps with data from all sources, and that is what has led to its popularity.
Quantum computing will also be very popular in finance and banking in the future because it is very helpful in reducing credit risk and detecting fraud. Besides finance and banking, it will also have a massive impact on society.
Many large brands of computers are moving towards quantum computing because quantum computers are much faster than conventional computers. The fast growth of quantum computing is what has led it to be one of the biggest trends in technology for the next five years. Even with the impact it has had in the world now, it’s important to remember that quantum computing is still in its early years, and therefore, much is expected from this technology.
5G is already here with us even if, like many of the above-explained technologies, it’s in its initial stages, and therefore, no list of emerging technologies can be compiled without putting 5G in that list. 5G is the new generation standard in mobile communications that offers reduced latency and fast speeds. It’s true that the 5G network has been developed for many years, but the new network is starting to go live, and it’s been adopted all over. 5G will play a very critical role in expanding the Internet of Things, and that is why it is one of the technologies to watch over the next five years.
Drones have been in use for many years. They are popular among videographers. However, many people think they will be very popular in the next five years. There is a lot of technological advancement in drones, and their popularity is expected to grow massively. The drone technology is also expected to be cheap; therefore, many people will easily afford it. With the improved technology, it is also expected that it will be possible to fly them for many hours without the need to recharge.
Currently, people require permission to fly drones. This will, however, not be the case in the future. Soon, everyone will have the freedom to fly drones, and this freedom will increase their popularity. It is expected that they will be commercialized and used in businesses. Soon, drones will be used to deliver consumer goods. They will also be used to look for lost people as well as animals. With the current trends and new innovations in this field, it is expected that people will be able to control drones using their phones.
Very soon, distribution swarm drones will fly across cities and neighborhoods, delivering food, packages, and many more items. With the popularity of drones growing and the things they can do on the rise, they add to the list of technology trends that will be very popular in the next five years.
Most people think blockchain is all about cryptocurrencies. Blockchain technology is more than just cryptocurrencies, as it offers many types of security that are beneficial to many organizations. Blockchain is data that can only be added and cannot be changed or removed. The fact that such information cannot be removed or changed makes the storage and sharing of data extremely secure. Blockchain technology is seen as the technology that will keep away third parties because data can only be controlled from the origin. Blockchain technology is gaining popularity among firms, especially in the sales and supplies departments. It will also be very popular in the healthcare industry, where accurate data is always needed.
Blockchain is expected to create new business models that are beyond imagination. Companies will be able to create and sell products in a unique way. This technology is expected to be explored more in the coming years, and that is why it appears in the list of technology trends that are expected to boom in the next five years.
The advancement of chip design has greatly contributed to the development of machine learning. This is because there has been massive growth in computer power. The prediction is that many industries in the future will rely on data and the ability to access data. Computers will have the ability to learn like humans do, and this will help in production and distribution. It is important to note that the development of data is not easy, and that is why the Internet of Things is very important in helping in the access of data. Machine learning is one of the technology trends to watch in the next five years. A lot of advancements and implementation are expected within this period.
Robotic Process Automation
Robotic process automation is another technology trend that is expected to automate a lot of jobs. It is similar to machine learning and Artificial Intelligence. It works by using software to automate normal business processes, including interpreting applications, data manipulation, processing technologies, etc. In the next five years, RPA is expected to automate many common tasks that people use by doing by hand. That is why it is one of the technology trends that is impossible to ignore in the next five years.
Internet of Things (IoT) Devices
In the next five years, IoT devices will be able to connect more. Many smart cities will come up, and more self-driving cars will be available. This will be available due to the availability of faster wireless data transfers, especially with the introduction of 5G networks. Therefore, IoT is another area that is impossible to ignore in the coming years.
The world of technology is growing massively, and the list of top technological trends is on the rise. Most of the technologies listed above are in the initial stages, and therefore, a lot is expected from them. By the time the next five years elapse, there will be massive development and new inventions in the technology world.