In this age and day, technology is travelling at lightning pace and is showing no hints of scaling down so it's something very exciting to be an important part of and live through. Our personal lives have grown to be highly dependent on the technology that people have put together. Experts have also not too long ago made many breakthroughs in machine learning which copy the process of real neurons. Other systems are still unfolding, and others is going to take more than 10 years to formulate. Continue on to discover about some of the most recent advancements in this industry.
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 reduce costs, automate a variety of processes and differentiate service levels through data awareness. Online banking has virtually made it actually possible for people to access banking services from anywhere in the world quickly and conveniently. Loads of banks offer online portals where it's possible to log on and monitor all your spending habits over the past months making it easier to keep a record of things. Banks are even checking out and testing new wearable apps such as on smartwatches. Moreover technological advancements have made possible for increased data protection and management of sensitive information when compared with the former manual methods of locking down bank data.
The next great stride forwards will be from 4G to 5G which is forecasted to compliment the growing Internet of Things (the formation of this will enable us to have the internet and some form of technology engrained in practically everything we do). 5G will be a huge leap enabling split second responses along with less battery power necessary to connect, meaning devices can last considerably longer. This advancement will help to connect cities so they are better able to connect and develop genuine tech hubs. Resultantly this will make organisations more effective at what they do. Writer Chloe Cornish discusses this further saying that the estimations for investing on the IoT could be nearly as much as 132 billion dollars by 2020.
Artificial intelligence seems to be almost everywhere these times, yet a lot of people can still learn a lot from its abilities. This entails using significant amounts of data to teach computers to execute a certain task. AI technology has made its way into a lot of products and services along the lines of facial recognition and voice assistants in smart phones and on social media. Professionals like businessman Richard Li will undoubtedly be excited about these digital advancements. Artificial Intelligence is certainly a new hot topic and a number of investors are running to invest in start-ups who are leaning towards this.