Any tech buff will actually agree that the past few years have been nothing short of rapid tech advancements. We are always looking for ways to improve our lives, and this has led to the rise of immersive tech solutions. Let us take the example of artificial intelligence. Almost every sector is opening up to this technology, owing to its ability to simulate tasks, streamline operations, and much more.
Imagine what life will be like in the future: After you have identified repetitive tasks and trained AI with the right conditions, you will just be good to go. However, as it is always the desire of every business to operate sustainably, you may want to consider the benefits vs costs before investing. And that is what this article is all about—we will look at current tech trends while uncovering their benefits to help you make a more informed decision.
The Crypto Revolution
When digital currencies first emerged in 2009, it was almost illogical to think that they could have such a global appeal. But seeing that more than 560 million individuals now claim to have used crypto is just mind-blowing. Perhaps the only digital currencies you've heard about are the famous Bitcoin, Ethereum, and Solana.
It may actually surprise you to discover that the next big crypto to explode might be names you have probably not heard about. For instance, we may see tokens like Pepe Unchained change the course of events in the crypto industry because of their captivating frameworks. Pepe Unchained takes advantage of the Ethereum L2 blockchain to offload transactions from the main network to enhance efficiency while lowering operational costs.
So, you see, there is just too much more to expect in the crypto industry than the usual digital tokens. Actually, Grand View Research valued the global market size at $4.67 billion about two years ago and projected that it could increase by a CAGR of about 12.5% by 2030. And for any crypto investor, it may pay off to keep a close watch on such predictions and speculations. You do not want to make investment mistakes just because you did not consider the thoughts of experts.
Artificial Intelligence
How can we fail to discuss artificial intelligence under such a topic? It actually seems as though this is what everyone is talking about at the moment. Just the other day, Exploding Topics released a report showing that about 83% of companies claimed artificial intelligence was a top priority in their business plans.
And as if that were not enough, countries like the US have seriously opened up to the technology, with more than 55% of Americans confirming regular use. It, therefore, makes enough sense for Exploding Topics to expect AI's industry value to multiply by more than thirteen times within the next six years. Companies like Netflix are already benefiting from this technology, and that means that if you have to launch in such sectors, you can't afford to ignore the power of AI.
Can you actually imagine that Netflix alone makes almost $1 billion every year from tailored suggestions just because of AI? According to Shop Circle, about 9 in 10 customers were more likely to spend more if a brand tailored customer services; there's no other better way to achieve this than to use artificial intelligence. Therefore, why would you want to miss out on the benefits of such a technology just because you ignored it?
Cloud Computing
Cloud computing is not just a thing of yesterday—its history dates back to as early as the 1960s. It is only within this 21st century that this technology became so popular, especially with discussions about environmental sustainability increasing. According to Oracle, businesses that move to the cloud can actually reduce energy consumption and carbon footprint by 90%.
Instead of using in-house servers, you can just connect to cloud-based services and access similar applications using any computer. And what better way to capture environmentally conscious customers than by adopting such measures?
You definitely want to stay relevant and competitive, right? So, you cannot ignore what other businesses are doing. Do you know that, according to Colorlib, about 94% of companies were planning to adopt some kind of cloud computing service in 2024, an increase of 14% from 2020? Cloud services can help improve accessibility to information so that all stakeholders can find up-to-date information, whether in the office or on the go.
Consistent data backups are among the common challenges in our contemporary world. For example, when individual teams are required to maintain their own backups, the chances of data loss can increase. But when you use the cloud, you can always be sure to manage the data centrally, reducing the possibilities of data loss.
There are many more benefits of cloud computing, including:
- Better input/output operations per second
- Faster app deployment
- Immediate business insights
- Operational costs can be greatly reduced
To sum it all up, the coming years are set to bring us amazing tech advancements that will improve our experiences. There is definitely no reason for you to turn a blind eye to such trends because the consequences can be quite dire.
For example, customers continue to show growing preferences for personalized experiences. If your business does not offer such encounters, you may miss a great opportunity to connect with new audiences.
