The year 2020 has been a milestone year of this century. It has changed lifestyles, mindsets and the way the world conducts business. We have seen the evolution of technology in a phenomenal way because of increasing work from home offices and shutting down of physical stores. Technology has played a very critical role in helping human beings adapt to the changing scenarios.
Here are some top technology trends that are expected to see an uptake in 2021:
Artificial Intelligence (AI)
With the advancement of machine learning and artificial intelligence, IoT has also witnessed significant escalation. A report by Transforma insight has forecasted that IoT is expected to grow by 24.1 billion devices worldwide by the year 2030. AI is helping increase the efficiency and smartness quotient of IoT devices. The data generated by IoT devices will help every industry get more powerful insights and providing sophisticated solutions that help predict human behaviour with a lot more accuracy.
The pandemic situation has given the robotics industry a major boost with the increased need for social distancing and minimal human interaction. And this trend will continue to grow in 2021 too. Automobile companies will continue the race for coming up with self-driving cars. Usage of drones for online deliveries of food, medicine, etc. is expected to increase. Medical care, assisted living and care for the elderly will also see a rise in the usage of robotics.
5G is expected to give a boost to technology in 2021. There will be a significant impact on high-speed gaming with cloud-based gaming taking the front seat. We have seen that 3G helped boost the power of communication with messaging services like WhatsApp, 4G enabled video calling, online streaming platforms like Netflix, Youtube, etc. And now, 5G is expected to give a major push to AR and VR technology in 2021.
Since the last five years, we are seeing that wearable tech is constantly on the rise. From smartwatches to fitness trackers this technology came extremely useful in 2020 since the time people were no longer able to visit gyms, yoga centres and fitness classes. Online gymming, yoga sessions were powered by wearable technology, giving a boost to at-home athletics. As per a Gartner report, it is expected the consumer spending on wearable technology will double in the year 2021.
Cloud-based solutions from tech giants like Amazon, Google, Microsoft as well as tonnes of startupshave made tech a household revolution with cutting edge services. These services are replacing human effort, computational needs, storage investments and much more. With work from home becoming the new normal, companies like Zoom video conferencing have found applications and adoption in almost every field and organization, thanks to their ability to handle the traffic by swiftly increasing servers across the world. And this trend is expected to see an upward spiral in 2021.
2020 has not just proven to be a boon for technology, it has also seen increased seriousness and investment in online security. As new technologies are connecting companies and their employees across the world, they are also generating large volumes of data which need to be protected from potential hacker attacks. And so, it is expected that cybersecurity will see significant growth and advancement in 2021.
We have to accept the truth that technology has now become an inseparable quotient of our lives. Fields like health and business especially are increasingly becoming dependent on technology for crucial performance. Sometimes, we may feel that technology is denting a hole in our pockets. But keeping the long term benefits in mind, it is surely worth the bet. You can make use of personal loan apps to help you invest in technology like wearable tech, gadgets, etc. without disturbing your monthly budgets.
Be sure to keep following this site for more top technology trends in the coming months.
Lily Tran is a content writer, working for MoneyTap, who writes about all things Finance. Her passion for credit, debt, loan & investment drives her to help readers get an insight about everyday finance.