In this day and age, technology is moving at an icredible speed and is exhibiting no hints of slowing down so it's something very exciting to be an important part of and live through. Our personal lives have come to be highly reliant on the technology that people have put together. Experts have also just recently made many discoveries in machine learning which imitate the function of genuine neurons. Other systems are still taking place, and others will take more than ten years to formulate. Stay with me to discover about some of the most recent developments in this sphere.
Artificial intelligence seems to be nearly everywhere these days, yet many individuals can still learn a lot from its abilities. This requires using great amounts of data to train computers to perform a certain task. AI technology has made its way into lots of products and services such as facial recognition and voice assistants in smart phones and on social networks. Professionals like businessman Richard Li will undoubtedly be excited about these digital advancements. Artificial Intelligence is certainly a brand new hot topic and a number of investors are flocking to invest in new businesses who are leaning towards this.
Digital technology knows no bounds and is even transforming the appearance of the banking world. Chris Skinner is saying banks will seek to use these technologies to lessen costs, automate various procedures and differentiate service levels through data insight. Online banking has virtually made it conceivable for people to gain access to banking services from anywhere in the world quickly and conveniently. Loads of banks offer online portals where it's possible to log on and track all your spending practices over the past months making it much easier to keep a record of things. Banks are even checking out and testing brand new wearable apps such as for example on smartwatches. In addition to this technological advancements have made possible for greater data protection and management of sensitive information as compared to the previous manual methods of safe-guarding bank data.
The next huge stride forward will be from 4G to 5G which is forecasted to compliment the growing Internet of Things (the formation of this will make it possible for us to have the internet and some form of technology embedded in virtually everything we do). 5G will be an enormous leap enabling split second reactions and in addition less battery power needed to connect, meaning devices can last considerably longer. This evolution will help to connect cities so they are better able to connect and establish authentic tech hubs. As a result this will make organisations more efficient at what they do. Writer Chloe Cornish talks about this further saying that the estimations for spending on the IoT could be almost as much as 132 billion dollars by 2020.