The technology is changing the world at an accelerated pace. We are always connected, whether via our smartphones or robots. Communication is no longer face-toface or written in handwriting or even written, but instantaneous and instantaneous via a myriad of channels including voice assistants, text, and video calls.
The advancements in technology have improved the quality of our lives from generation to generation. It’s not without risk, particularly in the job market. Some people fear that new technology will take over jobs that are performed by humans. This may happen in certain situations. But we know from history that the elimination of some jobs is offset by creation of new, better jobs.
We are already experiencing this in the workplace thanks to advances in artificial intelligence, natural language processing, and robotics. We are also experiencing the impact of drones as well as 5G networks, blockchains, and quantum computing.
These technologies will revolutionize business processes by providing higher levels of connectivity, automation and security. Blockchains, for instance Business Technology Management are reshaping the supply chain by making it more secure and offering an indelible history of transactions. And 5G will enable companies to process data closer where it came from (ultra low latency), attain data sovereignty, and improve security by reducing data transmission costs.
Virtual reality and augmented reality are changing the way we interact with devices and information. They offer immersive experiences that look and feel like real life. We’re also seeing significant advances in areas such as gene editing, which will decrease the incidence of genetic diseases ranging from hereditary diseases such as muscular dystrophy to cystic fibrosis and could even prolong our lifespans.