In 2019, worldwide spending on technology reached $3,360 billion. This significant amount only shows how much is invested in technology. It shows the top technology advancements.
The future is invested in technology.
While it’s easy to look ahead at emerging technology, it’s also easy to miss out on what kind of technology recently emerged in 2019.
Taking a look at recent technology trends and advancements can prepare your business and people for what’s ahead in particular fields of technology. Having an understanding of these trends can help people see what jobs are emerging, how their business will be affected, and how personal lives are affected.
In case you missed it, here’s everything you need to know about the top marketing trends in 2019.
AI Changes in Business
AI is making drastic changes in how businesses interact with customers.
Businesses are now incorporating AI into their business by applying more data that helps them understand the customer journey. In addition, AI helps businesses create algorithms that allow them to tweak their business model to help their customers.
Beyond the customer journey, AI also helps businesses streamline operations. It makes understanding data easier. It has predictive analysis in order to show what the success rate could be before launching a campaign.
For instance, AI can help financial services prevent fraud. Consumer services can better understand behaviour services. Utilities can use smart meters to decrease consumption.
AI continues to make breakthrough changes in business, which was especially notable in top technology advancements in 2019
5G Data Networks
Most mobile networks in 2019 have 4G networks. But now some of them are introducing 5G networks. This was introduced for the first time in 2019.
5G data networks bring faster downloads and uploads. Although 5G is just emerging in 2019, it gives some insight into the future of 5G networks and what they can provide for people and businesses.
2019 also brought new medical technology. Some of these medical technology involved in 2019 were devices that are able to capture and predict health issues.
The Apple Watch is an example of a device that is able to give you some insight on your heart rate, how many steps you take in a day, EKG, how often you exercise and other factors that provide the information about your health.
One of the ways you can see AI and medicine working together is by creating smart medical devices. You can see this in smart inhalers, which helps doctors keep track of the respiratory flow of an individual.
Other medical breakthroughs in 2019 involve how doctors prescribe medicine and understand procedures. Again, you can see how AI provides data that helps healthcare professionals make better medical decisions.
Virtual and augmented reality continues to provide an exhilarating experience for users. You can enter a digital world with virtual or augmented reality.
2019 continued to introduce new VR headsets and games. The Oculus Rift and Vive headsets with more fascinating VR games.
Virtual and augmented reality also provides great simulation and training and continues to improve in 2019.
Virtual reality, in particular, has helped in physical therapy, especially if someone has to relive a traumatic event.
Everything is becoming more automated, especially for businesses. This is especially relevant to how businesses increase productivity.
AI allows for more data to show how productivity can be improved as well as increased efficiency from workers. This allows for more jobs to be created based on more accurate data showing where there is a need for jobs.
An example of how automation is creating more jobs is with Uber jobs. Smartphones automate how people get around.
Ultimately, the ability to automate jobs creates more freedom for workers to accomplish other tasks. It might create a 4-day workweek.
Automated work is a trend that continued in 2019 and appears to continue climbing with more workers automating their work.
More E-Commerce Sales
E-commerce businesses continue to rise in sales, and it was no different in 2019.
With more shopping being done online, e-commerce businesses are able to thrive. It saves time and resources by being able to shop online.
You can also see how e-commerce sales are benefitting from more consumer data. There are more online targeting advertisements. You can see examples of this with social media advertisements.
E-commerce stores are constantly looking at user data to shape their advertisements. These online stores are looking at past behaviour and targeting specific behaviour to help them generate more sales.
Part of the behavioural targeting is about the customer experience, which is what more e-commerce stores focused on in 2019. For instance, influencer marketing has greatly influenced how people buy online.
It changes people’s beliefs in the product and it gives them the experience that they want.
Lastly, there are a lot of e-commerce sales benefiting from exclusivity. For instance, you are seeing how e-commerce products are very exclusive and very limited.
E-commerce stores often sell one kind of product. That product is often highly specialized and exclusive. E-commerce brands continued to be more popular because they catered to specific products for specific people.
When it comes to products or new tech equipment, you never know when a lawsuit might arise. Having a business litigation attorney is always helpful.
How Does Top Technology Advancements Affect You in 2020?
The major tech trends in 2019 will have a significant impact on businesses in 2020. It will change the way businesses operate and how they sell and interact with customers.
All of these changes will change the way we think of technology and how it can help businesses run a smoother, automated operation. It will change the way we think of healthcare. Top technology advancements in 2019 changed how we think of mobile networks.
Overall, these technology advancements can help pave the way for a better future, a safer and healthier future. We just have to embrace it. We have to be a part of the change that can help others.