Technology moves extremely quickly. It seems like there is a new innovation produced nearly every day. Technology has changed the way business is done and has enabled many people to reach goals and try new things that they’ve never done before.
1. Augmented Reality
Augmented reality stands to be the most immediate tech development that will affect our lives in the near term. With microdisplays becoming reasonably priced, we will see personal wearables becoming available to the masses. This will provide us with a whole new avenue of information retrieval use on a daily, minute-by-minute basis.
2. Artificial Intelligence
A year ago, building AI into mobile apps would have been extremely difficult and costly. Today, it’s a lot less expensive, and we can incorporate Microsoft Cognitive Services, Google services, or Amazon services that use AI to make a mobile experience more intelligent, anticipate users’ desire and needs, and present information in context. Artificial intelligence, particularly in mobile devices, has transformed the user experience in the last few years as cognitive services have advanced exponentially.
3. Generative Adversarial Networks
Generative adversarial networks (GANs) are a new type of neural network that is semi-supervised and enables companies to learn more from less labeled data. Let’s say you would like to identify customers who are likely to churn but only have labels of actual churn after X days for a handful of customers. GANs enable this and succeed where other fully supervised neural networks fail.
4. Deep Learning-Based Predictive Analytics
The biggest technology innovation of the last three years just might be predictive analytics using AI-based deep learning. The ability of a computer to learn by just analyzing data without having to let the algorithm know what variables are important is unprecedented. This form of unsupervised learning is drastically changing the role of technology.
5. Brain-Computer Interfaces
Brain scanners can translate your thoughts into textual words. Discussions about these devices have been around for some time; however, they could only map a handful of commands. Imagine if only by wearing a ball cap you could think, “How deep is that river?” and have the answer read back into an earpiece. The next step is to get the information back directly into your brain.