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Game changers in the technology world in 2019

The blockchain is not as revolutionary as artificial intelligence (AI), or as intuitive and user-friendly as voice control, but it will transform the way we handle finance, real estate, internet of Things, the supply chain of most industries
Masihul Huq Chowdhury
Game changers in the technology world in 2019

In 2018, the world witnessed the continued development of technologies like artificial intelligence and virtual reality. As these tools become more accessible and widely used among both businesses and consumers, many tech industry experts are speculating about what the next “big thing” will be.
This year, we saw the industry take some big steps forward, thanks in large part to the launch of the Unmanned Aircraft Systems Integration Pilot Programme (UAS IPP).

Some of the country's leading companies and government municipalities began testing new use cases for commercial drones, from food delivery to emergency response support. Next year, we'll start to see the impact of that innovation across industries, along with regulatory improvements driven by the IPP to better and more quickly support the safe integration of drones. Coupled with increasing consumer support – 71 per cent support drone use in their communities today and that number will only continue to rise -- we'll see particular growth in public safety, where drones are already helping to improve response times and reduce crime rates around the globe.
The pundits expect revolutionising changes in the fields of technological advancements, which may enable to bring a lasting effect in how we think, work or associate bringing advancements for the days ahead.  Couple of big ideas, which will enable a lasting change may be summarised as below.
The blockchain is not as revolutionary as artificial intelligence (AI), or as intuitive and user-friendly as voice control, but it will transform the way we handle finance, real estate, Internet of Things (IoT), the supply chain of most industries and much more. That’s why governments are rushing to incorporate it in every sense they can; they know the high cost of falling behind on this. – Nacho De Marco, BairesDev

Blockchain As A Service

In 2019 we will begin to see the first practical implementations of blockchain, beyond the cryptocurrency use case, and unlock distributed marketplaces and computing systems that leverage communities for sharing of resources in both a cost- and resource-efficient manner. These technologies will be enabled through the blockchain-as-a-service platforms being unveiled by IBM, Azure and AWS. – Danny Allan, Veeam Software

AI-Led Automation

The breakout technology of 2019 is definitely going to be AI-led automation. It’s expected that data mining and management, business processes, information technology (IT) services, customer support, and many other sectors will witness automation via neural networks and machine-learning-based solutions. – Amit Jnagal, Infrrd

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Machine Learning

AI and machine learning (ML) were born in the ’80s, but the hardware was never fast enough to deliver the expected promise. Now, ML libraries are readily available, and the cloud provides all the computing you need. Thanks to AI and ML, marketers can improve revenue growth, support reps can deliver better answers, service professionals can deliver insights and customers can connect all their data. – VinayPai, Bill.com

Enterprise Content Management

In 2019, more documentation will originate digitally, eliminating the need for organisations to “go paperless” in the first place. Enterprise Content Management (ECM) software integrates disparate data from across your organisation through the use of electronic forms and automated workflows. By empowering this exchange of data, businesses maximize their return on investment (ROI) and customer acquisition costs (CAC) throughout customer lifecycles. – James Hwang, Cal Net Technology Group, a NexusTek Company.

AI For The Back Office

There’s a lot of hype around the potential of AI, but one area that is often overlooked is the power of AI to revolutionize workflows. In 2019, we’ll see the start of AI making a noticeable impact on the back office, from increasing electronic operations to streamlining identification and credentialing. These developments have the ability to transform labour-intense processes across industries. – Charles Aunger, Health2047 Inc.

Quantum Computing AI Applications

2019 will be the year of quantum computing AI applications. Quantum technology recently became available for the public on the cloud and is now set to have a large transformative impact on many industries, providing solutions and answers to problems that supercomputers couldn’t solve before. Major applications are expected in health care (material science), trading and in cybersecurity. – NirKaldero, Galvanize Inc.

Mainstreamed IoT

While IoT is not a new concept, it will move from pre-adoption to a mainstream solution that retail, manufacturing, health care and other industries will integrate as an everyday business operation. It will change the way consumers and businesses get real-time data, engage with their users and interact with AI and machine learning. – Frank Cittadino, QOS Networks.

5G

With the recent explosion of connected devices and IoT, mobile connectivity via 5G will become a major player and competitor to all things WiFi. But the real question will be who can bring 5G to market quickly, painlessly and affordably for both consumers and industry alike. – Andy Dalton, IVM, Inc.

Realistic Robots

If you’ve seen any of the Boston Dynamics robot videos, like the dog that opens doors, you know there’s a whole frontier of robotics that is starting to get into exciting (or scary) territory. As these robots integrate the type of intelligence that machine learning and modern AI techniques offer, we’re going to start seeing more and more robots that look and feel like living beings. – David Isaac Murray, Doctor.com

Split Testing Via ML

Split testing, or A/B testing, has helped companies increase conversions for their businesses across the board. I think we’re going to see an advancement with split testing thanks to machine learning. For example, instead of manually designing different layouts of a website and seeing which one performs better, different layouts would be shown to different customers automatically. – Thomas Griffin, OptinMonster

We've been putting the economy on performance-enhancing drugs in the form of cheap debt for the past decade. Now that party is coming to an end as the feds raise interest rates to fight inflation and we're going to feel some painful withdrawal. As interest rates go up, regular families are going to spend more money serving their mortgage and line of credit and have less money to spend at local restaurants and shops. When a recession arrives, everyone is going to pull back on spending at the same time leaving small businesses in the lurch. That means small business owners need to get their finances in order. Now is the time to reduce expenses, not the time to expand."

Getting more from your credit card is a trend for 2019, from valuable perks and benefits to convenient new features. You can swipe, dip and now tap your card for convenient contactless payments. Consumers understand their credit cards are so much more than a piece of plastic, or metal, as is the case of the Chase Sapphire credit cards. Points serve as an extension of the credit cards you already carry in your pocket and can be redeemed for just about anything from flights and hotels, We're gaining a new appreciation for the microbes that live all around us, and nowhere is this more apparent than in agriculture. Over the next decade, the $200 billion fertilizer industry will shift from purely chemical additions to soil to a more natural nutrient source, the microbes that live on plant roots and produce nitrogen for them. It's a win-win: microbes are the tool that the next generation of farmers will use to feed their crops, producing the sustainable food that consumers are looking for, and preserving our air and water at the same time. As a result, the crop microbiome will become a cornerstone of agricultural production to gift cards and experiences or even cash back and products.

Health data will be recognized as a liquid asset that is owned and controlled by the individual, and that researchers will engage directly with individuals (rather than institutions) to gain access.

The revolution to a person-centric research model will be driven by the need for richer data sets that better characterize individuals, their health status and how wellness or disease vary over time.

Patient-reported data will enhance clinical information as it grows in scope and importance. If we could miraculously transport even the smartest people from around 1900 to today's world, they would be simply astonished at how we now understand things that had puzzled humans for centuries.

Just over a hundred years ago, people had no idea how we inherit and pass on traits or how a single cell could grow into an organism. They didn't know that atoms themselves had structure - the word itself means indivisible. They didn't know that matter has very strange properties that commonsense. Or why there is gravity. And they had no idea how things began, whether it was life on earth or the universe itself.

The writer, a banker by profession, has worked both in local and overseas market with various foreign and local banks in different positions

SHK

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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