5 Technology Trends to Watch Out For This Decade

When you compare the world we live in today to the world we lived in ten years ago, you will notice significant differences in how organizations communicate and work. Technology trends are constantly changing.

As a result, businesses are pressured to keep up with new technological trends to compete in today’s fiercely competitive business landscape.

So we are here with a list of the top five technology trends businesses must be aware of over the next decade. The technologies we’ve mentioned could be more exciting and cutting-edge.

These recent developments have significantly impacted how we approach business issues. These new technologies have the potential to improve your business, change your profit margins, and completely transform it.

Continue reading to learn more.

Top 5 Technology Trends to Follow

1. Huge Opportunities in Artificial Intelligence (AI)

Artificial intelligence will be more implemented in organizations in the next decade. With its user-friendly drag-and-drop interfaces, no-code AI will help businesses to develop more intelligent products and services.

This is already happening in the retail market. Using AI-enabled algorithms, Stitch Fix gives personalized clothing recommendations to its customers.

More than 75% of all digital-service touch points (for example, voice assistants) will see higher conversion, enhanced personalization, and improved usability.

2. Metaverse Will Become More Real

According to a report by Mckinsey, the metaverse will contribute $5 trillion globally by 2030.

Virtual reality (VR) and augmented reality (AR) adoption will continue to rise. Another thing to watch for is the work environment in the metaverse. We will have more immersive meeting spaces where we can connect efficiently.

Microsoft and Nvidia are already working on metaverse platforms for digital collaboration.

We may also see further advancements in AI-enabled autonomous avatars that can act as our profiles in the metaverse even when we are not logged in.

3. The Rise of Super app

Super apps are the next pivot in application design and development, in which users use a single app to control most aspects of a business ecosystem. According to Gartner, more than half of the global population will be active users of super apps daily.

For example, Facebook’s Metaverse could be more significant with any super app, with a complete universe for people to enjoy everything from virtual concerts to payments.

Amazon hopes to develop an Alexa-powered version of a super app that can be voice-activated from anywhere. You could even request a ride to the airport from your car. The future of super apps is rapidly approaching.

Contact Finoit, a software agency, to learn how they can assist you in integrating tools and launching your company into the future of super apps.

4. Next-level process automation and virtualization

This fourth trend is powered by technology’s combinatorial power, with robotics, the Industrial Internet of Things (IIoT), digital twins, and 3-D or 4-D printing (also known as additive manufacturing, or AM) combining to streamline routine tasks, improve operational efficiency, and accelerate time to market.

How quickly are these technologies developing? By 2025, more than 50 billion devices will be connected to the IIoT, generating 79.4 zettabytes of data annually. By 2030, AM will have replaced roughly 10% of today’s manufacturing processes across industries.

5. Next-generation computing

The fifth trend reflects the rapid advancement of quantum computing and neuromorphic computing.

It also promises to reduce development time for chemicals and pharmaceuticals through simulations, accelerate autonomous vehicles through quantum AI, and transform cybersecurity.

All while lowering IT hardware costs, speeding up machine learning, and enabling more efficient searching of unstructured data sets.

Faster digital connections, enabled by 5G and the Internet of Things, have the potential to boost economic growth.

Final Words

Technological trends heavily influence the current market landscape. Different technologies will have varying effects on your business.

You must understand and apply the appropriate technology to transform and digitalize your company as a business owner. Based on your business goals and objectives, you must determine what and how you want to deploy these technologies.

Most of the discussed tech trends can be interconnected and well-integrated to meet your organization’s needs. It’s your call to analyze and decide what mix of technology your company needs to grow.

But keeping an eye out for these trends no longer remains the sole necessity for IT professionals.

To stay relevant in this fast-evolving business world, partnering with a reliable software development company with highly trained professionals is crucial, as the right skill sets will always stay in trend.