It won’t be wrong to say that the world is going under another technological revolution. Let’s look at these new emerging technologies which will soon enough bring a major change to the reality around us.
We all are familiar with Bitcoin, one of the most favored cryptocurrency around the world, but a large percentage of those who own the crypto, don’t even know about the mammoth technology that supports it.
Blockchain was created by Satoshi Nakamoto( a person or group of persons) in 2008 to serve as an open distribution ledger for Bitcoin.
What makes blockchain one of the emerging technologies is its ability to resist tampering with the records or blocks. Every block records the transactional information which is timestamped to the next block using cryptography and the process continues.
In this way, a block can only be edited by editing all the blocks in the chain which prevents fraud.
The application of blockchain can be used in many areas like financial services, smart contracts, video games, cryptocurrencies, supply chains, and online payments.
With zettabytes of data available to us nowadays on the internet it will not be sensible to not make the most of it.
Data analysis is the process of collecting, organizing, and mining the data to know about the market trends, customer choices to form an effective business intelligence.
Not only big corporations but also emerging companies are using data analytics to support their business decisions.
Augmented Reality and Virtual Reality
Generally Augmented and Virtual reality are often misunderstood as similar technologies, but that’s not the case.
Augmented reality enhances the user’s perception of the real-world environment by providing them with computer-generated data through audio, visual and other sensory modes.
Iron Man’s, JARVIS is the best example of an augmented reality.
On the other hand, Virtual reality replaces the user’s real-world environment with a completely virtual one. Where both these technologies have many useful applications.
Where Augmented reality poses significant harm to an individual’s privacy, Virtual reality possesses harm to an individual’s psychology.
IoT(Internet of things)
IoT or Internet of things is a term used to signify those devices and appliances around us which can get connected to the internet.
These devices automatically collect and receive usage and environmental data to provide the applicants a better user experience.
While reading this article, if you just gaze around your surroundings you can find many such appliances around you, mobile phones, laptops, smart tv, tech wearables to name a few.
A recently conducted research suggests that by 2020, 26 billion devices will be connected by the internet.
A workshop that began at Dartmouth College in 1965 is the most talked-about technology of the 21st century.
Artificial intelligence is a broader field of study as opposed to its usual categorization with robotics.
A.I or machine intelligence is the ability of machines to learn and solve problems like humans.
Tesler’s theorem describes artificial intelligence as ”AI is whatever hasn’t been done yet.”
The concerns of various scholars like Stephen Hawking and Elon musk as to the potential that A.I possesses to end the human race if not used diligently is also debatable.
Machine learning is the ability of a computer to get a task done effectively without any human intervention.
The process of machine learning works by concluding a mathematical model from a training set which contains both the input and the desired output.
The research of machine learning technology began as a development of a tool to progress in the arena of artificial intelligence, now has turned into a separate area of study altogether due to its utility and application in various domains.
Additive manufacturing commonly known as 3d printing is one of the emerging technologies. 3d printing uses C.A.D(Computer-Aided Design) to build 3d models.
Although this technique of manufacturing was developed in 1986 it only created a market around it in the 1990s where it was mainly used for prototype building.
The technique created prototypes at a quicker pace than the traditional methods of prototyping and were cheap too.
Being economical and having the ability to create complex geometrical shapes with precision has made 3d printing an unparalleled asset for the production lines.
Autonomous Driving and Drones
The technology of traveling and reaching from point A to point B without any direct intervention from the passenger is one of the most awaited technologies around in the research corner.
Tesla, Uber, Google’s way and Navya are some companies investing heavily in the technology and have together completed more than 350 million miles of autonomous test drivings.
Out of all the autonomous test drivings around 50 crashes have been reported in total, out of which 5 were fatal taking life of pedestrians or the driver involved in the experiment.
Unmanned aerial vehicles or drones are flying robots that can be remotely controlled through ground.
Drones can be engaged in Aerial photography, Shipping and Delivery, Geographic mapping, Disaster management, Precision agriculture, Search and rescue.
Amazon is heading in the research with various corporations investing heavily on drones.
Researchers along with telecom companies are betting on the 5G technology sensing the need for an infrastructure for a seamless flow of data with IoT( Internet of things) being the next big thing.
5G claims an average speed of 1 g.b.p.s in comparison to its predecessor 4G with a max. Speed of 300 m.b.p.s.
Verizon in the U.S is leading the race by commencing its 5G network in various areas of Chicago and few other locations.
The technology of 5G is expected to hit the Indian markets by 2025.
Biotechnology is the science of using living beings and life processes to create the needed products and services in different areas of medicine and engineering by the society.
The earliest application of biotech dates back to the adoption of agricultural techniques by humans and fermentation of beer.
Recent research states that the potential role of biotech in Neuroscience, Regenerative Medicine, Artificial Intelligence and Healthcare and breakthroughs in R&D of cancer drugs makes Biotechnology one of the emerging sciences of the 21st century.