5 Emerging Tech Trends that Organizations Need to Embrace at the Earliest

“The ultimate promise of technology is to make us master of a world that we command by a push of a button.” - Volker Grassmuck

The evolution of technology is as intriguing as that of humankind itself. Looking back from where we started off, it has been a journey worth introspecting. The fact that we as human beings have the persistent hunger to evolve, bears testimony in the advancement we have shown in generating new and avant-garde technology. We live in an extremely competitive and target-oriented society, thus it is imperative that business organizations all across the world imbibe the latest technological standards to be at the top of their game. Let us now take a look at these top 5 emerging tech trends.

Artificial Intelligence

In layman's terms, Artificial Intelligence (AI) or machine intelligence represent an area of computer science that deals with designing machines that perform and act as humans. The essence of this fascinating technology lies in the fact that it simplifies human existence and boosts performance standards. It ensures efficiency in the operations that organizations need to execute on a routine basis, thus enhancing productivity. Incorporating Artificial Intelligence at your workplace reduces the need for human intervention, increases response time and it helps you offer your customers a fulfilling experience. 

However, on the flip side AI is a ludicrously expensive technology. It involves the use of complex machines, that lead to higher maintenance costs. Also, a having a distinct set of goals and coordinating those goals with AI is of utmost importance, or else it might result in a catastrophic outcome. Moreover, we cannot ignore the massive unemployment it can cause if we decide to replace human resources with machines. 

Before venturing into AI, every organization must conduct an analysis of cost-effectivity and if the results are effective, only then they can implement this technology into their workplace. 

3-D Printing 

3-Dimensional Printing is another revolutionary technological intervention that companies can integrate into their workplace to intensify efficiency and reduce expenditure. 3D printing eliminates the need for mass production, as it can turn any three-dimensional digital object into one that is tangible. Goods that are produced in factories can be customized according to the needs and preferences of consumers and its features can be altered as well. 

The use of 3D printing would again cause wide-scale unemployment since it will eradicate manufacturing jobs. Copyrighted merchandise can be duplicated too using the 3D printing technology. 

Internet of Things

Internet of Things (IoT) involves connecting all kinds of physical devices into a standard system that encourages them to send and receive data. The use of sensors helps connect these non-internet-enabled devices, thus empowering businesses to collect real-time data on the performance of a specific product and also enables them to better understand consumer behavior and patterns. Analysis of this data further facilitates business organizations in customizing products and providing custom-made solutions.

The unique challenge that this technology face is personal security and privacy concerns. A substantial amount of personal data is fetched by these sensors which are again shared on other platforms and devices. 

Organizations looking to implement IOT must lay a considerable emphasis on their security systems and provide a safe customer experience. 

Smart Office Automation

Automation is rapidly becoming an integral part of human existence as it makes daily activities hassle-free. It holds a greater significance for business organizations, as an entire work can be transformed into a single ecosystem using this path-breaking technology. Connecting biometric scanners, vending machines, door locks, window blinds, closed circuit cameras and door locks into a single network helps lower inventory costs, heighten productivity and increase operational efficiency. 

The technology is data-driven and it relies on information provided by its users, thereby increasing chances of cyber attacks. It is crucial that organizations build trusted and safe operating systems that protect the personal data of the employees. 

Real-Time Big Data Analysis

Customer satisfaction is a term that service-based industries all across the globe attach the highest amount of importance. In such a scenario, possessing real-time data regarding market trends, user behavior, product deficiencies is a significant factor in the success of any business organization. Real-Time Big Data Analysis provides a continuous influx of information that you can use to your advantage in your product placement regime. It will not only enhance the performance of your goods and services but also increase the efficiency of your daily workplace operations. Sometimes, the enormous and continuous influx of data may lead to incorrect analysis which might hamper the overall productivity. 

The advancement of technology has both its advantages and disadvantages. The severest threat is the large-scale unemployment that might have an adverse effect on the global economy and emotional well-being of individuals. Additionally, security and privacy concerns cannot be ignored either. The need of the hour is a comprehensive understanding of these disadvantages by organizations so that these latest tech trends can be utilized to the best of its abilities without disrupting the natural balance of life.