The speed at which the technology is driving this world, many says that, we are sure to crash somewhere faster than expected. To some extent it may be true as well. With every passing day the competition to innovate things faster than someone else is only going severe than ever before.
With the advent of 21st century, we saw many revolutionising technology to help us in our day to day lives and business as well. Along with these new technologies, we created some disruptive technologies as well, which have already started changing the way we used to do the business.
These disruptive technologies are poised to change traditional business tactics, driving efficiency, agility, and innovation as we move into 2024 and beyond.
Here are the top five technologies set to disrupt the business operations:
Artificial Intelligence (AI)
Make no mistake. There is nothing artificial about artificial intelligence. This artificial intelligence is reaching almost all the sectors of businesses and this emerging idea of intelligent machines, AI has grown exponentially, with its beginnings tracing back to the 1950s.
Visionaries such as Alan Turing and John McCarthy played a crucial role in paving the way for AI’s progress. Currently, AI encompasses various fields such as machine learning, natural language processing, and neural networks, empowering computers to accomplish tasks that traditionally require human intelligence.
Its key areas of transformation comprise automating mundane tasks, providing tailored customer interactions, predicting trends through analytics, and aiding decision-making processes.
Blockchain Technology
Blockchain is more synonymous with crypto. However, it is not just limited to it. The Bitcoin made it more famous than explaining depths of it. The power of cryptography and strong verification make this technology almost unhackable.
In 2008, the pseudonymous individual known as Satoshi Nakamoto brought about the emergence of both Bitcoin and blockchain. Despite the inventor’s anonymity, blockchain’s decentralized ledger system has gained considerable recognition for its ability to revolutionize various industries beyond cryptocurrency.
Through recording and verifying transactions across a distributed network, blockchain eliminates the necessity for intermediaries, increases visibility, and maintains data authenticity. This innovative technology has far-reaching potential in areas like digital currencies, supply chain management, smart contracts, and decentralized finance (DeFi).
This Blockchain technology is going to help financial and banking industry by leaps and bounds. The usage of smart contracts, which refers to self-executable data or information processing based on the command given to it, makes the things much faster and reliable in auto mode.
Internet of Things (IoT)
So, what the heck is Internet of Things? Or they say it as IoT. It originated in the late 20th century, when the first internet-connected toaster was introduced in 1989. It helps in providing real-time data with more accuracy, convenience and efficiency in innovative applications and services.
It has become increasingly popular in the early 21st century, thanks to advancements in sensor technology and connectivity. This technology allows ordinary objects to gather and share data via the internet, allowing for real-time analysis and automation. Its revolutionary effects can be seen in areas such as smart cities, industrial automation, healthcare monitoring, asset tracking, and predictive maintenance.
As per some data, it shows that in 2021, just over a quarter (26 %) of small enterprises used IoT, while large enterprises used it almost twice as much (48 %). In medium-sized enterprises, nearly 2 out of 5 (37 %) used IoT.
5G Technology
There is so much of hype about this 5G technology and let me warn you that it is not without a reason. This 5G technology for sure is going to disrupt the way we communicate today, be it internet usage or our phone calls.
We have already witnessed current 4G technology and its previous generation lists. Building upon previous generations, 5G technology marks a new era in wireless connectivity. It boasts unparalleled speed, minimal latency, and increased capacity.
We have already seen Google and Tesla’s driverless cars in testing development stages. This would have not been possible without 5G technology. Developed through collaboration in the telecommunications field, this cutting-edge technology opens doors for revolutionary applications like AR/VR experiences, remote surgeries, and edge computing.
Its ability to facilitate lightning-fast data transmission and seamless communication will drive innovation and enhance connectivity across various industries.
Started with the introduction of 1G in the 1980s to 5G in today’s time has come a long way and its power cannot be underestimated in terms of providing us the ultra-fast communicating technology which will not only connect our devices faster but people too.
If we have are thinking about making the world a global village, 5G technology will play its crucial role in making that a reality sooner.
Quantum Computing
We have heard a lot about this word “Quantum”. But, what exactly is that? Before we explain how it is going to be a disruptive technology, we must know what exactly is it?
In a simple definition of words we can say that – A quantum is the smallest discrete unit of a phenomenon. For example, a quantum of light is a photon, and a quantum of electricity is an electron.
It is derived from the Latin, meaning “an amount” or “how much?” If something is quantifiable, then it can be measured.
By utilizing the principles of quantum mechanics, quantum computing has the ability to carry out intricate calculations at extraordinarily rapid rates, surpassing those of classical computers.
Despite its roots dating back to the early 1900s, it has gained significant attention in recent times, thanks to pioneers such as Richard Feynman and David Deutsch who laid the groundwork for its development. By utilizing quantum bits (qubits) to store and process data, quantum computers have unlocked new possibilities in cryptography, drug discovery, optimization problems, and material science.
The ongoing advancements in quantum computing hold immense potential for transforming business practices and scientific investigations unlike any other technology before.
In the early 20th century, when airplanes were invented, we couldn’t believe that by the Second World War, the air force would play a crucial role in determining the winning edge of any country. As we saw within less than 50 years of the invention of planes, technology soared high, and we are unable to even think of going back to the days when planes were not available.
The idea of narrating the history of planes is just that when we see new technology we never know how broadly it will change our lives in near future.
It is evident that Artificial Intelligence, Blockchain, Internet of Things, 5G Technology, and Quantum Computing will play a crucial role in shaping the future of businesses beyond 2024.
By utilizing the innovative capabilities of these technologies, companies can tap into new prospects, promote innovation, and flourish in an ever-evolving digital realm.
