We are deeply emerged in the industry 4.0 era, in which tech news could go viral faster than ever before. It speeds up future tech evolution all over the world. As a result, the hunger for updating upcoming technology is on the rise.
In fact, technology advancements expectedly deter the risks of business uncertainties, especially in doing start-up careers. Besides, IT application might vary across different industries. Therefore, keep an eye on the tech news will boost your day. Find out the 7 latest tech trends that will change your business strategies in 2020.
IT trend #1: Artificial Intelligence (AI) application in media and services
In this day and age, AI and Machine learning tend to be the key investment of tech firms. Last year, the price of attaining AI services challenged many decision-makers, by which businesses hesitated in adopting it. This perspective will change in 2020. AI platform providers have started creating space, that other companies enable trading the data and algorithms. Recently, Google, Microsoft, and Amazon are three giants providing these platforms. If AI recently refers to the playground of big companies, it will become popular with new players, providing more tailors services in the upcoming year. Custom AI applications tend to become more specifics for each type of business.
In particular, the most innovative IT trend in the media sector could be virtual presenters driven by AI. The current technology revolution allows the Media to promptly create massive content, which immediately goes viral. However, it could be bad stories for internet citizens, due to the rising doubt about fake news and internet terrorism. AI detection tools developed to detect fake news, which claimed to be more well-performed.
IT trend #2: Internet of Thing (IoT)
The IoT solution seemingly demonstrates a vital role in almost businesses. IoT allows storage and manages data came from real activities. IoT serving the demand to communicate and data leverages, which require a huge amount of investment and effort. In the next few years, IoT will remain the core technology. Reports show that IoT marketing will be worth roundly 3 trillion USD by 2026. Especially in Food and Furniture industries, IoT has applied in a series of products, including security and lighting systems.
IT trend #3: Blockchain Technology practices
Blockchain might involve popularly in the Healthcare system and intellectual properties (IP). The US expectedly spend 20% of its total GDP on healthcare. At present, blockchain controls the whole healthcare billing of the US. Unfortunately, the secure sharing of patient medical records and medical supply is still future images. Shortly, medical researchers could use ledger technology to manage a relationship with their patients more effectively. In terms of IP, the incomplete legal system got trouble in protecting IP rights. Blockchain tech provides tools, in which tracking copyrights could be more accurate and trustworthy.
IT trend #4: Augmented Reality (AR)
This year, the development of AR technology seemingly suffered slow progress in terms of industrial applications, including retail, manufacturing, and gaming. We expected slightly switch on the side of e-commerce and entertainment. Online sale in 2020 is anticipated to continue increasing with the emergence of AR in display product categories. An extension developed by Spark AR studio allows Instagram users to create more visual categories, which provide a realistic experience in online fashion fitting. Other major applications of AR could be related to home entertainment. Recently, audiences can experience AR sections on television, which expectedly replace boring content consumption in traditional ways.
IT trend #5: Automation transformation in banking and driving
2019 was seen as an extreme evolution of face recognition, applying in various aspects of life. Especially in the financial sector, face ID could cut down the organizing cost in serving customers. Also, smart banking will be an impressive reality in 2020, that the entire banking tasks will be processed online or in virtual banks without any physical bank clerk.
Autonomous driving will not be future technology anymore. Tesla claims that it will fully develop a series of autonomous vehicles in 2020. This trend tends to involve in the trucking and shipping industries, which allow several e-commercial companies to perform efficiently. As driving automation becomes more common, we expectedly foresee the significant change in terms of regulations and legislators in most countries in the world.
IT trend #6: 5th Generation of mobile internet
Although 5G was born at the beginning of 2019, this technology trend cannot fly at this time due to the unaffordable price. However, it is undeniable that 5G generates admirable applications, including super-fast internet speed and stability, which can have the space to grow next year. 5G also prepared a room for mobile commercials. In which, app-based retail is predicted to be trending. 2020 can be the year of mobile app development companies in Vietnam. We hold the strategic advantage of affordable cost as well as dedicated teams. As 5G has officially launched in Vietnam, tech development firms would get powerful support to the enormous growth.
IT trend #7: Personalization in Healthcare
Thanks to the development of smart health-supported devices, lots of people have a remote health-check at home. It means that without taking specific clinic symptoms, these devices can capture some common health issues. Particularly, a smartwatch can record blood pressure, heart-beat, or sleep schedules. Those data could be stored and transfer to doctors on another side without any face-to-face communication. In 2020, the innovation of AI technology allows doctors to research effectively how individuals reacted with a particular disease. Along with the combination of smart devices and AI, a customized treatment will apply to deferent bodies. It is commonly known as Healthcare personalization.
In final words, 2020 would be the promised period for Vietnam outsourcing companies to grow. Clearly, follow up trendy sectors might not commit an assured success for businesses. There are other factors influencing companies’ strategies that decision-makers should consider. However, understanding the word latest movement will provide an intensive background, which pretends to grow up innovative ideas. Thereby, firms can get clear pictures of their future business environment.