As technology evolves, we begin to hear new phrases, new terms which is basically jargon only understood by a few people. There was a time when the internet and world wide web were buzzwords. Then we were introduced to buzzwords like digital marketing, artificial intelligence, better known as AI and internet of things (IoT). These phrases gained popularity among the crowd and today these technologies are raging with opportunities. In that case, it makes sense to know what buzzwords are floating out there because that’s where the opportunities will rise in the future. Here’s a list of buzzwords (read emerging technology) you should keep an ear open for.
Autonomous Things (AuT)
It is an emerging term for the technological advancements expected to bring computers as autonomous entities working without human direction. These machines will interact with human and other objects. Self- guiding drones and self-driving cars are expected to be the first commercially deployed autonomous things with home robotics to follow soon.
In a 2017 report, Gartner described Augmented Analytics as an approach that automates insights using a combination of machine learning and natural language generation. It is being heralded as “the next big wave of disruption in the big data and analytics market.” The approach processes more data in less time and then presents the insights generated in an accurate and easy to understand manner, all of this with little human interference.
Digital Twin refers to a digital replica of physical assets (physical twin), processes, people, places, systems and devices that can be used for various purposes. The digital representation provides both the elements and the dynamics of how an Internet of things device operates and lives throughout its life cycle. Digital twins integrate internet of things, artificial intelligence, machine learning, and software analytics with spatial network graphs to create living digital simulation models that update and change as their physical counterparts change. A digital twin continuously learns and updates itself from multiple sources to represent its real-time status, working condition or position as accurately as possible.
The edge refers to endpoint devices used by people or embedded in the world around us. Edge computing describes a computing topology in which information processing, and content collection and delivery, are placed closer to these endpoints. It tries to keep the traffic and processing local, with the goal being to reduce traffic and latency. This topology is known as Empowered Edge.
An Immersive Experience is an illusory environment that completely surrounds you such that you feel that you are inside it and part of it. The term is associated with technology environments that command the senses such as augmented reality, virtual reality, and mixed reality.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This technology is most prominently used in the popular cryptocurrency, Bitcoin. It is now finding its use in other domain as well.
Quantum Computing (QC) is a type of non-traditional computing that operates on the quantum state of subatomic particles (for example, electrons and ions) that represent information as elements denoted as quantum bits (qubits). The parallel execution and exponential scalability of quantum computers mean they excel with problems too complex for a traditional approach or where a traditional algorithm would take too long to find a solution. Industries such as automotive, financial, insurance, pharmaceuticals, military, and research organizations have the most to gain from the advancements in QC.
The one thing common between all these technologies is that they work by integrating several other technologies. There is an overlap of varying degrees and going forward there will be branches of branches here. What does this mean for you? In one word, OPPORTUNITY!
These are some of the buzzwords to listen for in 2019. Look up these terms and set out to explore uncharted territories. Let us know what you find and what you think in the comments below.
Until next time!