At Tech Image, we always keep an eye on the technology that’s re-shaping industries, and the beginning of this new decade looks to be an exciting one for innovation.
Technology is always advancing at a breakneck pace, and we can only expect that pace to increase. As we enter a new year and decade, here are a few stories we’re watching:
AI and Machine Learning Dominate Business
From financial services to manufacturing, AI is going to continue its evolution and become more and more intertwined with our every day lives.
Companies are investing billions of dollars into AI technology like computer vision and delivering applications that utilize advanced facial detection. One particularly effective use case is in brick-and-mortar retail, where you have technology like NEC Display’s Analytics Learning Platform (ALP), which takes anonymous demographic data and delivers targeted content in the store, while using AI to deliver advanced actionable analytics based on conversion rates and other metrics. With AI and computer vision, retailers can now analyze ad effectiveness and deliver relevant content, an advantage traditionally found in e-commerce.
Over the next year and beyond, those in industries like HR, Telecom, Marketing and more will see big data and AI analytics play a big part in their work.
Practical IoT Booms with 5G
They hype around 5G has yet to die down as companies continue to purport it as the next big revolution in wireless, and they’re not wrong – it’s going to up the game.
Connected devices gained traction in the late 2010s, you could move between IoT enabled devices throughout your house, and we all became familiar with the names “Siri” and “Alexa,” and learned that you could start a search simply by saying, “OK, Google.” With the full roll out of 5G, the number of connected devices and mainstream IoT applications will continue to rise, and bring new capabilities to verticals like healthcare, education and retail.
A big name example of this is Amazon Go, a system that uses IoT and machine vision technologies to enable consumers to shop without manual check out. As the technology becomes more sophisticated, we could see it scale quickly.
A New Age of Space Innovation
After the cold war, innovation in the field of aerospace technology slowed. But with companies like SpaceX and Blue Origin driving the private sector to compete for space dominance, and concurrent investment from world governments, we expect to see a new era for satellite and space exploration technologies. The possibilities are endless; innovations like reusable rockets and space shuttles cut down launch costs, and projects like Starlink could reshape how the world receives internet access.
The flourishing space industry has also given birth to burgeoning startups like ATLAS Space Operations, a company making advancements in AI software and satellite communications technology that help enable global access to space.
There are many more stories to keep an eye on this year. Innovation is happening all around us, and the 2020s are going to be an exciting decade of technological growth. If you want to learn more about how Tech Image can help you tell the world why your company is going to be a game-changer this decade, drop us a line!