Emerging technology

In GNCT subject our lecture said to arrange a workshop on the Emerging technologies. So we were waiting for the workshop because we are in the IT field it is important to understand the current tends and knowing the emerging technologies is very important. Here I include the important points that include in the workshop.

Staying on top of technology trends is serious business for those of us in the field. Skill sets come and go at a breakneck pace, and it's important to stay ahead of the curve in an attempt to anticipate the next hot trend to keep oneself relevant in an ever-changing world.

Here's a look at seven trending technologies that IT professionals should be studying right now. Where these technologies lead us, IT jobs are certain to follow in order to help design, implement, and support each one.

Our goal for this list was to identify not only hardware and software technologies, but also ideologies and legislative movements that can dramatically influence how and when a particular technology will reach a critical mass in terms of impact on our lives. You'll find that our list contains not only technologies that are attempting to solve problems we see today, but also ways to move beyond what we have today and push us into uncharted territories.

To help understand the importance of studying emerging technologies, simply look back at the past decade and contemplate the disruptive technologies that have revolutionized the way IT infrastructure works today. Topics such as server virtualization, big data, and cloud computing were once merely high-level concepts and ideas. Yet, those of us who investigated and learned about these technologies early on had a dramatic advantage over our peers in the workplace, once these technologies came to fruition.

As our technologies increase in complexity, it takes more and more time for technologists to start to comprehend new technologies, let alone learn how to implement and support them. So it's in our best interest to start our education as early as possible by first identifying the technology trends likely to shake up the IT landscape in the years ahead.

The proliferation of mobile computing around the world clearly indicates that a focus on future wireless technologies would make our list. The same goes for IT's hottest topic of the past few years -- IT security. Other technologies, such as three-dimensional imagery and robotics, will advance many areas of our lives that have remained stagnant for years

Artificial Intelligence (AI) investment has grown 1,800% in just six years, from $282 million in 2011 to more than $5 billion in 2016, according to CB Insights. By 2022, one in five workers engaged in mostly non-routine tasks will rely on AI to do a job (Gartner, 2018) and robots will replace 800 million jobs till 2030 (McKinsey Global Institute, 2018).Through ‘machine learning’ it exhibits the ability to: learn and store knowledge; undertake analysis; identify patterns and make recommendations; sense and interpret the external world; and interact using natural language. Examples we see around us include face recognition at passport control, financial fraud detection, virtual assistants on your smartphone or via devices in your home, messaging chatbots on social media, content recommendations for our video streaming services and increasingly driver support in vehicles (PWC, 2018). Sofia, the humanoid, is the proof.

Virtual & Augmented Reality (VR & AR) by 2021, we will be fully into a transition period between separated and tightly blended physical and digital experiences in our work and lives (Forester, 2016). Virtual reality (VR) is about creating a totally new digital space whereas Augmented reality (AR) overlays information, graphics or audio content to the user’s experience of their real-world environment (PWC, 2018). Immersive reality is deeply involved in social media as well as gaming, education, retail, healthcare, tourism, and journalism. The game of ‘Pokemon Go’ and the ‘Snap Filters’ show the power that these technologies have in our everyday life.

Internet of Things (IoT) is identified by Forrester (2017) as a powerful tool in creating more valuable customer interactions and improving the customer experience. It has a huge application in homes as well as industrial facilities. It connects the consumer devices, gadgets, sensors with appliances in the web, in a word: physical assets in a digital network. The recent innovation ‘Amazon Go’ offers a new opportunity for the implementation of IoT where a lot of sensors are put into shelves to monitor the level of the stock and the tracking of consumers and payments.

The Blockchain is the hottest. It is Bitcoin’s technology endoskeleton (Deloitte, 2018) but it goes way beyond traditional currencies and traditional financial services. Offering unprecedented levels of accuracy, traceability, reliability and security to any number of transactions and interactions, Blockchain offers the potential to cut costs too (PWC, 2018) by being implemented in the large international transactions between multi-national companies. Apart from financial peer-to-peer services it may also be the foundation of new supply chains and votation platforms, identity, payroll and philanthropy.

Big Data/Data analytics applications enable data scientists, predictive modellers, statisticians and other analytics professionals to analyze growing volumes of structured transaction data, plus other forms of data that are often left untapped by conventional business intelligence (BI) and analytics programs (TechTarget, 2018). New intelligence emerges from the massive data sources which can be analyzed and systematized leading to better decision making. According to Deloitte’s 2015 CIO survey of 1,200 IT executives, analytics is both a top investment priority and the one that would deliver the greatest business impact.

Artificial Intelligence (AI), in the words of Google CEO Sundar Pichai, will be bigger than electricity or fire. This shows the dimension of change and the revolution ahead of us. Emerging technologies are always capable of challenging the status-quo such offering unprecedented outcomes and financial rewards for the companies that actively engage themselves in this new revolution. For the Kosovo companies, adopting these trends create a competitive edge within the global digital marketplace by fueling innovation, fostering new partnerships and alliances and attracting new investors which our economy so desperately needs.