Biggest Technology Trends That Businesses Have to be prepared for in 2020

The technology is advancing faster than ever. People are pushing the limits of what’s possible in search of a better living. Technology is responsible for moving everything to the next level and businesses are here to gasp the opportunities.

The best way to gain some advantage over your competition is by leveraging some new technology into your business processes. There are a lot of new innovative solutions that are here to optimize your business and create a more efficient workplace.

It is up to you to see all the trends and invest in some technology that can bring so many benefits. Continually updating your business is the only way to stay competitive in this fast-moving world.

In this article, we will go through some of the biggest technology trends that are available in 2020.

5G Network

We are witnessing the 5th generation of mobile internet connectivity. This technology is here to make the world a better place. For instance, it will give us a super-fast download and upload speed faster than anything else we’ve seen in the past. To top all that, it is going to be a more stable connection over the previous generation.

Even though 5G networks were available in 2019, they were still expansive and offered limited access covering only major cities. However, 2020 is going to be the year where 5G technology starts to fly. This will give you a chance to improve your business processes by a huge margin.

AI-as-as-service

Artificial Intelligence is around us for quite some time. However, it seems like we’ve only scraped the surface of the possibilities with this technology. As we all know, customer service is becoming one of the most important factors when people are buying from your business. Until now, you had to rely on the old-fashioned employee who is not always capable of satisfying the customer.

Fortunately, AI has a solution to that problem, as people will increasingly become used to working with AIs, as well as designing systems that are capable of taking the user experience to the max. 2020 is going to be the year where businesses introduce AI to their customer service sectors, and it is going to be great to see that in practice.

Computer Vision

Nowadays, computers are able to recognize objects, images, videos, places, or people from visual images. This means that the computer vision, collected by the camera or sensor, is allowing the processor to analyze the object or digital file and come up with some sort of result. This technology is also used in sports such as the NFL, soccer (VAR) or for photofinish in horse racing, like the upcoming Kentucky Derby 2020. This could be a game-changer for businesses, just because this technology opens incredible opportunities like security improvements, experiment testing, and maybe we will finally see fully autonomous cars running around.

Blockchain Technology

Blockchain has been with us for quite some time, but it is still not popular in the business world. For example, if you mention the word Blockchain to Non-tech Company, they would probably not know what you are talking about.

Basically, Blockchain is a digital ledger that is used for recording transactions. At this point, you might be wondering what’s so special about it. Well, it is the most secure way of transferring anything due to its encrypted and decentralized nature. Many people are arguing that this technology is hyped at the moment and it is not that useful, but major companies like IBM, Walmart, FedEx, and Mastercard are already starting to see real-world results. 2020 is going to be the year where we will see an increase in the adoption of this technology by smaller players in the business world.

These are some of the biggest trends for the upcoming year. Businesses must follow technology trends in order to avoid getting crushed by the competition. So, if you are a business owner, it is time to start anticipating some change, it can only get better.