During the pandemic, tech industry reaped big resulting to dramatic technological upheavals. 5G, chatbots, cloud computing and edge computing were some of the tech applications that were on high demand in 2020. Therefore 2020 acted as a precursor of major innovation.
1. Autonomous Ride-Hailing: it is an application that determines the future of uber as it offers a menu of services to get people and services around. Self-driving vehicles were deployed in parts of the US, where vehicles picked and dropped passengers without a human driver.
2. Deep Learning, also referred as deep neural network, is a subset of machine learning in artificial intelligence (AI) that mimics the functioning of human brain in transforming data and developing patterns for decision making. Deep learning is essential in big data sourced from search engines, social media and e-commerce platforms among many others. The data is then shared through fintech applications such as cloud computing. Deep learning will be most sought because it is used in developing the next cohort of computer platforms.
3. Virtual World refers to computer simulated environment that may be populated by many users who interact among themselves through personalized avatars. Most online video games fall under this category.
4. Digital wallets also referred as e-wallets refer to a software application that allows one party to make electronic transactions with another party battering digital currency entities for goods and services. Start-ups like Venmo and Cash App will likely overturn traditional banking. According to ARK, digital wallet users in US are surpassing traditional account holders in financial institutions.
5. Automation: Refers to the processes that curtail human involvement in production processes. It is a technique where a system operates automatically. It is an application that makes work easier.
6. Bitcoin Nitty-gritties: Bitcoin is a virtual currency that uses peer-to-peer technology to enable prompt payments. As bitcoin value hits a record-high, research indicates that it will be adopted by most investors.
7. Electric Vehicles (EVs): These are vehicles that have an electric motor instead of an internal combustion engine. As the world progresses towards achieving zero-carbon emissions, EVs are the best alternative to reducing the consumption of fossil fuels. Firms like Tesla are committed to manufacture electric cars to reduce the carbon burden.
8. Delivery Drones: A delivery drone is an unmanned aerial vehicle used to transport packages, food, medical supplies and other goods. Drones can be remotely piloted or self-directed.
9. Orbital Aerospace: Aeronautic engineers and developers are seeking to manufacture high speed air craft that will revolutionize the flight industry.
10. 3D Printing: Refers to the construction of a 3 dimensional object either from CAD prototype or a digital 3D model.
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