7 Tech Trends Changing the Business Landscape in 2020

7 Tech Trends Changing the Business Landscape in 2020

With the beginning of a new decade, it is the perfect time to determine the new trends for the coming years. Thinking about the evolving technology and digitization of businesses, it has become imperative for businesses and industries to keep themselves updated on the latest tech trends to be more efficient at doing business. 

2019 has lead the world to a wave of top technology trends and innovations, from the rise of 5G networks and social robots to Amazon’s voice-echo for shopping, brands and businesses are using these innovative ideas to grow their businesses. 

So without a further ado, let’s begin with some of the latest tech trends that are innovating the business landscape.

Top tech trends of the year 2020

  1. Artificial intelligence as a service

Artificial intelligence is not a new thing. Besides it is one of the most revolutionizing technology trends that have been in limelight for many years and is predicted to maintain its position for many years to come. 

It is a computerized system devised to mimic human behavior and intelligence to perform mundane tasks such as image recognition, decision making and flinging patterns for more accurate and faster results. It is, in simple words, an advancement which can ease the human process so they can become more innovative and efficient. 

  1. IoT – Internet of Things

The connectivity of “things” via internet is called the “Internet of Things”. Smart homes, smart appliances, super cars and more yet to be connected and shared through the internet is known as the internet of things. 

It is the future of the world and we are on the beginning levels of it. This technology can provide better security, efficiency, and decision making for businesses as information collected and analyzed through the internet. It can be used to forecast maintenance, speed up to healthcare and improve customer services, which can be highly beneficial for the emerging businesses. 

  1. Practical blockchains 

Blockchains like artificial intelligence has been around for some time, but the technology’s commercial utilization and scalability is slow. Blockchains have the potential to change the business landscape through transparency in supply chains and money transactions as well as lowering fees, shortening transactions processing times and more. 

It is predicted that with the integration of technologies including the artificial intelligence and IoT, blockchains are destined to have enormous growth in companies. 

  1. Hyper-automation

Hyper-automation is the automation at a new level. It is the use of advanced technologies such as artificial intelligence (AI), and machine learning (ML) to automate the processes making the more efficient and effective than traditional automation functions. 

Hyper automation requires a combination of tools that can help replicate tasks that involve people. This trend involves Robotic Process Automation (RPA), but will increase through the combination of process intelligence, content intelligence, AI and other innovative technologies. 

  1. IoV – Internet of Voice 

The internet of voice is gaining a lot of popularity leading to far-reaching changes. With the continuous development and the use of internet, it is continuously transforming the ways in which the users search for information and their communication behavior. 

According to experts, Internet of Voice is revolutionizing the business world. Here are some facts which are affecting the business world. 

  • Users carry out voice search 
  • Customers get real-time answers without having to read through multiple search results. 
  • Most search results today are made without screen, the answer is only given with the voice only at being connected with the internet. 
  • In case simple queries, users receive a single, authentic answer
  • Users can make purchases with a simple voice command

With the use of voice assistants such as Apple’s Sire, Amazon’s Alexa and more, there are a few many changes that will be seen in businesses. 

  1. The rise of cloud

Cloud enables entrepreneurs to access data from anywhere provided they have access to the internet. The cloud allows entrepreneurs to easily access different software which are relevant for your business by simply subscribing in much less money than buying the license. For example, Adobe and Zbrush used for video animation can be accessed simply by subscribing to the software. You only need to pay for tools until it is required and cancel the subscription when it is no longer of use. It only helps you in making your business modern, cost-effective and more efficient.

  1. Better business security

With the use of apps, cloud computing, and other online systems can mean only one thing—businesses need to be more careful with their security. Cyber security has come a long way since its inception and is continually working to eliminate online security threats. From strong antiviruses, locking servers from hackers and use of advanced intrusion and detection systems, the security threats have been minimized.Author Bio: Colors and designs were the first passion that I had. It took me years to become the master of this art. With 4 years of experience in the industry of animation and serving as a senior creative artist at Animation Dok, I am also playing my part in promoting the field through my posts and blogs.

Radhe Gupta
Radhe Gupta is an Indian business blogger. He believes that Content and Social Media Marketing are the strongest forms of marketing nowadays. Radhe also tries different gadgets every now and then to give their reviews online. You can connect with him...