Technology trends to keep an eye on in 2020

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2020 will go down in history as one of the worst outings for human beings in their existence and when the time comes to say goodbye, we can already see the smile people will have on their faces on 31st December this year. However, 2020 could also witness some significant technological advances.

The unfortunate spread of Coronavirus across the globe has caused severe havoc and slowed down many processes all around. As it stands, human beings are fighting for a living and will be taking their time to recuperate. But once they’re beyond this, they will be back working on making this place a better place to live in technological terms.

Here are some technological trends to keep an eye on in 2020:

1. 5G Data networks

Now, this could be one game-changer in the coming months. Although there’s good work going on to bring 5G data networks into our worlds soon, it is highly unlikely for it to take speed while the lockdown remains. 5G’s key features include faster speeds, lower latency, greater reliability and capacity, more network flexibility, and greater device connectivity.

With 5G, customers will also be experiencing Augmented reality and virtual reality in much better sense. To give you a gist of what change 5G could bring to this world, a PSB Research report recently surveyed of over 3,500 business leaders and technology enthusiasts showed that 91% of respondents expect new products and services to emerge that have yet to be invented as a result of 5G.

2. Blockchain

Blockchain trend has been seen as one of the fastest-growing and most pivotal trends across the globe, especially with the Fortune 1000 companies giving it a lot of importance. To those unaware of it, it is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset.

Although blockchain carries the promise to reshape many major industries, the same Gartner report cited that public blockchain is too immature for enterprise deployment due to poor scalability while private, or permission, blockchains are run by a centralized authority. It’ll be really interesting to see what changes occur in the coming years in this area.

3. Quantum Computing

Quantum computers have capable of processing more data exponentially when compared to normal computers. Perhaps this is one of the major reasons why we will witness a significant change in the world through quantum computing. While the US is splashing cash on quantum computing, tech giants like Ali Baba and Google are keen on taking up the Quantum throne.

Recently, Gartner has reported that 20% of organizations will budget for quantum computing projects by 2023, up from less than 1% today. It is also being said that through quantum computing, medical data sets are being interpreted and analyzed way quicker, which paves the way for quicker solutions with respect to the creation of drugs.

While India is yet to invest heavily in it, but as it stands, the US and China lead the way with Japan, Canada, South Korea, the United Kingdom, and Australia showing keen interest in making this a part of their business.