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Top Emerging Technologies in IT and Communications

We have come a long way from room-sized computers to ultrabooks, brick-shaped cellular phones to palm-held smartphones, game characters that are made of boxy pixels to real-life-like high definition game titles and the list goes on. Technology always had exponential growth throughout and has never failed to make an impact in our day-to-day life. As the aforementioned scenario depicts the growth and trends of the technical world, below is the list of the top 10 emerging technologies that the year 2021 has to offer.

Top 5 emerging technologies in 2021

1) Artificial Intelligence:

Artificial intelligence is the ability of the computer https://ipnuippnupati.id/ or a robot that is controlled by the computer to think and act in ways that are similar to that of human beings. Though AI has been playing its part in the field of technology for a while now, it continues to be considered as a new technology for its ability to pave way for new inventions. The very purpose of artificial intelligence (AI) is to enable the machine to make the necessary decisions that are needed to solve a problem.

Scope of AI:

Artificial intelligence, in recent years, has also widened its scope in the field of medicine as well. AI has been assisting doctors in identifying disease and cancer Parkinsons. AI-assisted robots have been performing crucial surgical procedures. When it comes to technology, AI has been adopted in various applications like image and speech recognition, navigation apps and digital personal assistants.

Being one of the most prominent fields in science and technology, AI has so much to offer in terms of research and data processing. Moreover, it offers so many career opportunities in the field of ML, data mining, data analysis and AI-based software development

It is predicted that the AI market will reach up to $190.61 billion by 2025 with a CAGR of 36.62% between 2018 and 2025.

Companies like Amazon web services, Google and IBM offer AI-based products and services for individuals and enterprises.

2) Machine learning:

Machine learning consists of a set of complex algorithms and code blocks that will enable the machine to interpret the data and make predictions accordingly. This, in turn, will enable the machine to learn and adapt to new data without the need for any human assistance.

Massive amounts of data are being collected from various fields and sources in our everyday life. These immense amounts of data are also known as big data. With machine learning, the collected data is then converted into information that is readily available to assist the machine with decision-making.

Scope of machine learning:

The scope of machine learning varies with different business verticals. For instance, machine learning is vastly being adopted in the trading sector to understand the market trends and to look for new investment opportunities.

The Machine Learning market is forecasted to reach around $8.81 billion in 2022 with a CAGR of 44.1% between 2016 and 2022.

AndPlus and Beyond Analysis are some of the companies that offer enterprise-level ML, AI and data analytics services to fortune 500 companies.

Emerging Technologies with their current stages

3) Virtual reality (VR) and Augmented reality (AR):

Virtual reality, as the name implies, it is a virtually simulated experience where users can interact with an artificial 3-dimensional environment using goggles with screens and gloves with attached sensors. These virtual environments are very similar to the actual three-dimensional environments. So that the users can have the feel of real-world experiences. Whilst, augmented reality replicates the real-world environment by overlaying digital visual elements, sounds and similar real-world factors using technology.

Scope of VR/AR:

Virtual reality plays a vital role in the field of entertainment. It has been widely adopted in gaming and movies. VR is also used for educational purposes and training tools.

Augmented reality can be used in campaigning for products and services or to virtually view/experience tourist locations.

According to Statista, the global VR, AR and MR (mixed reality) market are expected to generate a revenue of around $300 billion by 2024.

4Experience, Cemtrexlabs and Nomtek are some of the major players in the field of virtual and augmented reality.

4) Cloud computing:

The term cloud computing refers to the delivery of services such as storage, databases, servers and applications over the internet. This eliminates the monotonous traditional methods of accessing and storing data. Moreover, cloud computing eradicates the need to rely on a single device to store and access data and information.

Scope of cloud computing:

Lately, enterprises and organizations prefer cloud computing rather than primitive methods as they were very tedious and included a lot of manpower. Cloud computing is also very flexible, cost-effective, increases productivity, efficiency and performance and ensures security.

IDC’s forecast predicts that worldwide spending on cloud computing services and infrastructure will reach up to $500 billion by 2023.

Microsoft Azure, Oracle, Alibaba cloud, Amazon Web Services and Google cloud provide cloud services to individuals and enterprises as well.

5) Edge computing:

With cloud computing taking the mainstream, the quantity of data handled by organizations has exponentially increased. This created some latency in processing the data. Edge computing can act as mini data centers and so it can be used to process time-sensitive data in remote locations with limited or no internet connection.

Scope of edge computing:

By processing the time-sensitive data closer to its source, the amount of data flowing across the network can be minimized. This increases the overall rate of data processing. In the future, edge computing along with AI can be used to provide beneficial insights for businesses.

The overall market of edge computing is expected to generate a revenue of about $10,971.54 million by 2026 with a CAGR of 29.4% between 2020 and 2026.

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