What’s New – Technologies That are Transforming Digital World

Technological developments have always accompanied human development. Some technology trends go by as fast as they came. Others change the world and living together in it.

These are nine technology trends and insights that could change our future.

1. Our everyday life produces more and more data

Chats with friends, paying for coffee with the mobile app, searching for the shortest path or streaming music: We leave a broad digital track with what we do every day and produce more and more data that draws conclusions about our actions and actions allow.

2. In the Internet of Things, everyday objects become smart

Not only smartphones and smartwatches are connected to the Internet, but many more smart devices, such as fitness bracelets, voice assistants, connected cars and more. The Internet of Things (IoT) imperceptibly takes more ownership of everyday life. The result is even more data about us.

3. Exponential increase in computer performance

Ever new technologies, such as Quantum Computing, enable ever-higher computing power, which creates new opportunities to actually harness the multitude of data.

4. Artificial intelligence is on the rise

What was considered science fiction just a few years ago is becoming reality. The more AI systems work, the better their options become. Together with the power of modern hardware opens up completely new possibilities of data processing.

5. Automation as the next industrial revolution

More and more processes, decisions, functions or systems can be transferred to algorithms and robots. Machines do many things faster, safer, cheaper, and more accurate than humans. The world of work in companies of all industries is thus changing massively. The economic effects are not yet foreseeable.

6. 3D printing opens up new possibilities

Especially in the industrial sector, 3D printing opens up completely new possibilities. Factories become obsolete in many places, personalization without the disadvantages of a non-existent mass production becomes possible.

7. New forms of interaction with technology

For a long time texts or static programming (eg remote controls) were the predominant form of interaction between users and technical devices, as smartphones and tablets have already changed this. Next, language and – thanks to virtual realities – gestures and facial expressions will take over the connection between the real and the digital world and thus also change the communication between companies and consumers.

8. Blockchain enables decentralized security

The use of blockchain technologies will lead to completely new value chains. Decentralized data storage and smart ledger technologies provide more security for both providers and users. No industry will be exempt.

9. Platforms as a new business reality

Platforms, defined as a physical or digital network, are becoming an integral part of many value chains. Their business model is to bring together suppliers and buyers of a service or product as a service provider. Companies from a wide variety of industries are considering adapting platform models.

Technology: curse or blessing

No question, new technologies not only bring benefits. This becomes clear in the example of Artificial Intelligence. Not only does it make life more enjoyable, it also takes longer thanks to medical applications, but it also leads to job losses in many areas of the economy.

And not everyone will appreciate when their lives are increasingly glimmering thanks to data analysis.Even financial service providers will have to face all opportunities and risks. FinTech is only a very narrow tip of the iceberg. The interaction with customers will change as well as internal processes and ultimately whole business models.

Quick adaptation will be crucial for successful adaptation. Denying technological progress has perhaps slowed it down, but has never been able to stop it.