The latest breakthroughs in technology

In this day and age, technology is moving at an icredible pace and is showing no indications of going slower so it is something very exciting to be an important part of and live through. Our private lives have come to be extremely reliant on the technology that individuals have put together. Researchers have also just recently made many breakthroughs in machine learning which imitate the function of genuine neurons. Other solutions are still taking place, and others are going to take more than a decade to formulate. Read on to learn about some of the hottest developments in this industry.

Digital technology knows no bounds and is even changing the face of the banking world. Chris Skinner is saying banks will seek to use these technologies to minimize costs, automate various procedures and distinguish service levels through data awareness. Online banking has really made it conceivable for people to access banking services from anywhere in the world quickly and easily. Lots of banks offer online portals where you can log on and track all your spending habits over the past months making it much easier to keep track of things. Banks are even trying out and testing new wearable apps such as on smartwatches. Moreover technological advancements have made possible for greater data protection and management of sensitive information versus the previous manual methods of safe-guarding bank data.

Artificial intelligence seems to be nearly everywhere these days, yet a lot of individuals can still learn a lot from its capabilities. This entails using tremendous amounts of data to train computers to undertake a certain task. AI technology has made its way into lots of products and services along the lines of facial recognition and voice assistants in smartphones and on social networks. Professionals such as entrepreneur Richard Li will no doubt be excited about these digital advancements. Artificial Intelligence is definitely a new hot topic and a number of investors are flocking to invest in start-ups who are leaning towards this.

The next great stride forwards will be from 4G to 5G which is anticipated to support the growing Internet of Things (the progression of this will enable us to have the internet and some form of technology embedded in almost everything we do). 5G will be a giant leap making it possible for split second responses as well as less battery power necessary to connect, meaning appliances can last a lot longer. This advancement will help to connect cities so they are better able to communicate and establish genuine tech hubs. Resultantly this will make organisations more successful at what they do. Writer Chloe Cornish talks about this further saying that the estimations for investing on the IoT could be nearly as much as 132 billion dollars by 2020.

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