Technology is changing the world at a rapid rate. We are constantly connected, whether through our smartphones or robotics. Communication is no longer just face-to-face or written in handwriting instead, it is instant and immediate via a myriad of channels, including voice assistants, text, and video calls.
New technology has changed our lives in astonishing ways, enhancing the quality of life from generation to generation. It’s not without risks, particularly in relation to the job market. Some people are worried that the latest technology could replace human jobs. This could be the case in certain situations. We have learned from the past, however that the creation of new jobs can help offset the loss of a few jobs.
We are already experiencing this in the workplace thanks to advances in artificial intelligence and natural language processing and robotics. We are also witnessing the impact of drones and 5G networks.
These technologies will revolutionize the business process with increased levels of automation, connectivity and security. Blockchains, for instance are reshaping the supply chain by making it more secure and offering an indelible history of transactions. And 5G will enable companies to process data closer to where it came from (ultra low latency), achieve data sovereignty, and improve security by reducing data transmission costs.
Virtual reality and augmented reality are changing the ways we interact with electronic devices and information. They provide immersive experiences that appear and feel like real life. We’re also witnessing significant progress in areas such as gene editing, which could reduce the frequency of genetic disorders that stem from hereditary diseases such as muscular dystrophy to cystic fibrosis and could even increase our lifespans.