FUTURE TECHNOLOGY TRENDS TO LOOK FOR- (PART 1)

If we take a look at the emerging trends of today and the speed at which they are evolving, we would realize that the speed of that advancement towards a humanity merged with tech is increasing at an exponential rate.

As we all know that currently the technologies changes day by day with the new emerging trends and every day innovations happened in today’s world with extremely fast pace.

Every company is trying to moving with the current trends and tries to do some innovations for the future. Companies are expected to increase their spending on current technologies to make their company survive.

These Emerging trends changes the face of the world and make the life of individuals simpler.There are lot many technologies those are buzzword in 2016 and are ready to take off in coming years.

Researches going on upcoming technologies So, One of the research firm predicts companies worldwide will going to spend $3.5 trillion on IT in 2017,

Software spending is projected to be up 6 percent in 2016, and to grow another 7.2 percent in 2017 to a total of $357 billion. Meanwhile, companies will spend $943 billion on IT services, up nearly 5% over 2016 spending levels.

AI and Advanced Machine Learning

Machine learning And Artificial Intelligence is one of the big buzzwords from last few years and there are variety of applications that Machine Learning supports includes search engines, image recognition, speech analysis, filtering tools, and robotics.

Recently predicts that in the coming year, the global community will witness a tremendous growth of smart apps, digital assistants, and main-stream use of Artificial Intelligence.

Every company is now a data company, capable of using machine learning in the cloud to deploy intelligent apps at scale. As data becoming available day by day, and the cost to store it dropping, machine learning is starting to move to the cloud, where a scalable web service is an API call away.

Every big companies using Artificial Intelligence and Machine Learning in their products like Google and Microsoft are using AI in their Clouds with all the new features.

Research firm Markets and Markets estimates that the AI market will grow from $420 million in 2014 to $5.05 billion by 2020.

According to IDC Machine Learning And AI Spending To Surge Toward $47 Billion By 2020.

Spending on cognitive systems and artificial intelligence (AI) across a broad range of industries will drive worldwide revenues from nearly $8.0 billion in 2016 to more than $47 billion in 2020.

The industries who basically involved in most in cognitive/AI systems in 2016 are retail, banking, health care and manufacturing.

Combined, these four industries will generate more than half of all worldwide cognitive/AI revenues in 2016, with banking and retail each delivering nearly $1.5 billion.

Healthcare and discrete manufacturing will deliver the greatest revenue growth over the 2016-2020 forecast periods, with CAGRs of 69.3 per cent and 61.4 per cent, respectively.

Virtual assistants

Beyond Siri, Google Now and Cortana: What is the future of virtual assistants?

The virtual assistant (VA), a digital servant/master designed to serve/define our every need, is barely starting out on its journey from the realms of science fiction to mainstream reality.

IBM is already investing heavily in the area; the company has revealed that it is pouring resources into the development of A.I. and cognitive computing. Microsoft’s Cortana has recently launched, and it will reportedly run on the desktop with Windows 10. Soon, it will be everywhere – and nowhere – in your life. Moving beyond screens, social, and search, the VA will be the new gateway to the Internet and all the people and things connected to it.

The virtual assistants of the future

(As Google Now, Siri and Cortana currently live) VA is likely to start off life on the mobile with research finding that initially 40 percent of interactions would take place on the phone.

As smart watches bring access to digital information and connectivity closer to the user, the next step will be to strip back the physical hardware as far as possible, with the intelligence of the VA existing in the cloud, getting pulled in, and pushing its way into our lives on multiple devices on our bodies and in our offices, homes, and vehicles. 81 percent of those surveyed wanted the VA to be voice controlled, demonstrating the urge for the hardware to be a secondary concern.

These three virtual assistants point the way to the future

Siri, Google Now, Cortana, Alexa -- yawn! We look at three new virtual assistants that raise the bar for usefulness, interactivity and personalization.

The Virtual Assistant  will continue to play an important role in the development strategy of business because it provides a double-edged solution to improve profitability by effectively lowering cost and increasing revenue through efficiency.

Microsoft says that its virtual assistant app, Cortana, will quickly get smarter thanks to analysis of data generated as people interact with it.

That’s because Microsoft has designed Cortana to get significantly smarter as people use it. Cortana learns about its users—for example, by asking for information such as a favorite sports team, or by deducing the whereabouts of your workplace from your phone’s location data.

IVA Market Size Projected To Reach $12.28 Billion By 2024

The global Intelligent Virtual Assistant (IVA) market size is expected to reach USD 12.28 billion by 2024 according to a new report by Grand View Research, Inc.

IVA adoption is expected to be on the rise over the upcoming years owing to its cost effectiveness.

Moreover, emerging trend of assistant-as-app services is expected to tap the potential of mobile applications segment. Applications engaging in conversational commerce are popping-up across several industry verticals.

Intelligent things

Here are IoT trends that will change the way businesses, governments, and consumers interact with the world

What is the Internet of Things (IoT)?

Many industry experts and excited consumers have pegged The Internet of Things (IoT) as the next Industrial Revolution or the Next Internet.

Why? Because it will be the future of the way businesses, governments, and consumers interact with the physical world.

Premium research service has closely monitored the growth of the global trends in the IoT. In particular, analyzed how the IoT ecosystem lets entities (such as consumers, businesses, and governments) to connect to, and control, their IoT devices in 16 environments, such as manufacturing, the connected home, transportation, and agriculture.

IOT INDIA

• India is to create USD 15 billion IoT industry India by 2020
• The total revenue generated from IoT industry would be USD 300 billion by 2020 globally. It has been assumed that India would have a share of 5-6% of global IoT industry
• IoT products specific to Indian needs in the domains of agriculture, health, water quality, natural disasters, transportation, security, automobile, supply chain management, smart cities, automated metering and monitoring of utilities, waste management, Oil & Gas
• The total IoT market is estimated to grow from $157.05 billion in 2016 to $661.74 billion by 2021, predicts Markets and Markets.

We Are Changing the World with Technology –Bill Gates

Technology makes the world a new place- SHOSHANA ZUBOFF