In this day and age, technology is moving at lightning pace and is showing no indications of going slower so it is something very exciting to be a natural part of and live through. Our private lives have become highly dependent on the technology that individuals have put together. Scientists have also not too long ago made many breakthroughs in machine learning which copy the function of genuine neurons. Other products are still taking place, and others is going to take more than a decade to advance. Let's move on to discover about some of the most recent breakthroughs in this field.
Artificial intelligence seems to be nearly everywhere these times, yet loads of people can still learn a lot from its capabilities. This involves using extensive amounts of data to teach computers to undertake a particular task. AI technology has made its way into lots of products and services along the lines of facial recognition and voice assistants in smart phones and on social media. Professionals such as businessman Richard Li will undoubtedly be excited about these digital advancements. Artificial Intelligence is definitely a brand new hot topic and a large number of investors are running to invest in start-ups who are leaning towards this.
The next huge stride forward will be from 4G to 5G which is envisioned to compliment the growing Internet of Things (the improvement of this will enable us to have the internet and some type of technology embedded in almost everything we do). 5G will be a giant leap allowing split second reactions as well as less battery power necessary to connect, meaning equipment can last a lot longer. This development will help to connect cities so they are better able to communicate and establish authentic tech hubs. Resultantly this will make organisations more potent at what they do. Writer Chloe Cornish talks about this further saying that the estimations for spending on the IoT could be almost as much as 132 billion dollars by 2020.
Digital technology knows no bounds and is even changing the face of the banking world. Chris Skinner is saying banks will seek to use these technologies to cut down on costs, automate a variety of processes and distinguish service levels through data insight. Online banking has literally made it possible for people to gain access to banking services from anywhere in the world rapidly and easily. Loads of banks offer online portals where it's possible to log on and monitor all your spending habits over the past months making it easier to keep a record of things. Banks are even checking out and testing brand new wearable apps such as on smartwatches. In addition to this technological advancements have allowed for increased data protection and management of sensitive information when compared with the previous manual methods of securing bank data.