Technology trends are constantly evolving and changing the business environment. Technological advances are changing businesses by streamlining, increasing productivity and doubling revenue. This technology trend is a key factor for companies to expand and thrive in the current competitive environment.
Scientific convergence is generating innovation
Rapid technological breakthroughs are possible and feasible because of advances in seemingly different areas of science. This convergence is driving breakthroughs in AI as well as materials modelling and bio-materials. These technologies can, in turn, be leading to rapid innovation in batteries antennas and communication networks. This allows us to create devices that are much more than the sum of their components.
MIT’s Biological Dynamics, for example it has developed a lab on chip test that is able to detect early signs of pancreatic carcinoma. The company is working to expand this testing for ovarian and lung cancer.
The Internet of Things (IoT) is a growing tech trend that connects devices with the internet and allows them to exchange data with one another. This is helping companies increase security, improve efficiency and reduce costs by monitoring equipment, improving processes and improving customer service. Additionally this technology can help predict maintenance requirements improve medical care, and improve the quality of care for patients.
Cloud computing is a major technology advancement that allows businesses to store and manage their data and applications over the internet instead of onsite hardware. This will boost innovation and facilitate global expansion and access to essential business resources. Moreover, this technology trend is also reducing infrastructure and power expenses.