Top five emerging technology in industry
- 1. TOP FIVE EMERGING TECHNOLOGY IN INDUSTRY
- 2. Emerging Technology Emerging technology is a term generally used to describe a new technology, but it may also refer to the continuing development of an existing technology; it can have slightly different meaning when used in different areas, such as media, business, science, or education. The term commonly refers to technologies that are currently developing, or that are expected to be available within the next five to ten years, and is usually reserved for technologies that are creating, or are expected to create, significant social or economic effects.
- 3. Top Five Emerging Technologies 1. Internet of Things (IoT) 2. Artificial Intelligence (AI) 3. 5G Networks 4. Server Less Computing 5. Block Chain
- 5. Internet of Things (IoT) The Internet of Things (IoT) refers to the ever-growing network of physical objects that feature an IP address for internet connectivity, and the communication that occurs between these objects and other internet-enabled devices and systems. In simple words, Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the internet. It is also referred to as Machine-to-Machine (M2M), Skynet or Internet of Everything.
- 7. Corporate Aspect Internet of Things is a transformational force that can help companies improve performance through IoT Analytics and IoT Security to deliver better results. Business in the utilities, oil & gas, insurance, manufacturing, transportation, infrastructure and retail sectors can reap the benefits of LoT by making more informed decisions, aided by the torrent of interactional and transactional data at their disposal.
- 8. How Can IoT Help ? IoT platforms can help organisations reduce cost through improved process efficiency, asset utilization and productivity. The growth and convergence of data, process and things on the internet would make such connections more relevant and important, creating more opportunities for people, business and industries.
- 10. Artificial Intelligence Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.
- 11. Artificial Intelligence (AI) is the branch of computer sciences that emphasizes the development of intelligence machines, thinking and working like humans. For example, speech recognition, problem-solving, learning and planning.
- 12. Various Industries using AI Finance & Banking: As online transactions grow more popular every year, the finance and banking industry faces increasingly complex identity theft and fraud loss cases. AI can bring financial cyber security to the next level, as systems using deep learning technologies are able to analyze patterns and spot suspicious behaviour and potential fraud.
- 13. Health care: In healthcare, AI can provide tremendous help in analyzing complex medical data such as X-rays, CT scans, and different screenings and tests. Using the patient’s data and external knowledge sources such as clinical research, medical professionals can build a personalized treatment path for everyone.
- 14. Technology Technology companies don’t solely build AI solutions; they also utilize it. Moreover, tech giants such as Google, Apple, and IBM are known to acquire smaller AI companies to gain a competitive advantage. As they frequently have products that can be hard to understand for the average layperson, chat bots and virtual customer assistants using speech recognition and natural language processing are indispensable for tech companies.
- 16. 5G Network 5G is the fifth generation of cellular networks, and it is expected to be one of the fastest wireless technologies ever created. (This is not to be confused with the 5G that you may see on your Wi-Fi router, which is referring to 5 GHz frequency for your internet network.) 5G networks use a system of cell sites that divide their territory into sectors and send encoded data through radio waves. Each cell site must be connected to a network backbone, whether through a wired or wireless backhaul connection.
- 17. Benefit of 5g in industries Greater speed in transmissions Speed in transmissions can approach 15 or 20 Gbps. By being able to enjoy a higher speed we can access files, programs and remote applications in a totally direct and without waiting. By intensifying the use of the cloud, all devices (mobile phones, computers, etc.) will depend less on the internal memory and on the accumulation of data and it won’t be necessary to install a large number of processors on some objects because computing can be done on the Cloud
- 18. Lower latency Latency is the time that elapses since we give an order on our device until the action occurs. In 5G the latency will be ten times less than in 4G, being able to perform remote actions in real time. Thanks to this low latency and the increase of the sensors, it is possible to control the machinery of an industrial plant, control logistics or remote transport, surgical operations in which the doctor can intervene a patient who is at another side of the world with the help of precision instrumentation managed remotely or the complete control of remote transport systems, automated and without driver
- 19. Greater number of connected devices With 5G the number of devices that can be connected to the network increases greatly, it will go to millionaire scale per square kilometre. All connected devices will have access to instant connections to the internet, which in real time will exchange information with each other. This will favour the IoT. It is anticipated that a common home will have a hundred connected devices sending and receiving information in real time. If we think of industrial plants we would speak of thousands of connected devices.
- 22. Serverless computing Serverless computing is a method of providing backend services on an as-used basis. A Serverless provider allows users to write and deploy code without the hassle of worrying about the underlying infrastructure. A company that gets backend services from a Serverless vendor is charged based on their computation and do not have to reserve and pay for a fixed amount of bandwidth or number of servers, as the service is auto-scaling.
- 25. Advantage of Serverless Computing Lower costs - Serverless computing is generally very cost-effective, as traditional cloud providers of backend services (server allocation) often result in the user paying for unused space or idle CPU time. Simplified scalability - Developers using serverless architecture don’t have to worry about policies to scale up their code. The serverless vendor handles all of the scaling on demand. .
- 26. Simplified backend code - With FaaS, developers can create simple functions that independently perform a single purpose, like making an API call. Quicker turnaround - Serverless architecture can significantly cut time to market. Instead of needing a complicated deploy process to roll out bug fixes and new features, developers can add and modify code on a piecemeal basis
- 28. blockchain Blockchain is a distributed database existing on multiple computers at the same time. It is constantly growing as new sets of recordings, or 'blocks', are added to it. Each block contains a timestamp and a link to the previous block, so they actually form a chain. Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a 'digital ledger.
- 30. Application of blockchain Secure sharing of medical data Cross-border payments Real-time IoT operating systems Personal identity security Anti-money laundering tracking system Supply chain and logistics monitoring
- 31. Voting mechanism Advertising insights Original content creation Crypto currency exchange Real estate processing platform
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