Blockchain, AI, NLP and Other Tech Trends for 2019

It’s hard to keep track of everything that’s been going on in the fast-developing tech world. There was a burst in chatbots you can get in bot stores, development and implementation of AI into our offices and homes, advancement of the AR and VR. The development of new technology is affecting every industry, and it’s of great significance to stay on top of all the tech trends, regardless of whether you have a construction company or are in the medical field. So, here’s a look at the technology that will shape 2019.

The Advancement of Blockchain

Ever since the beginning, Blockchain has been almost synonymous with Bitcoin, but in 2019, that is about to change, as it is set to become mainstream in many industries. Decentralization and transparency are the two qualities most associated with Blockchain technology, and various businesses are looking into the technology to provide a better service and cut costs.

Because of its connection with cryptocurrency, the first industry Blockchain is set to change is banking. Banks and other financial institutions would have a more secure way of storing banking records, and because of the decentralized system, there’s minimal risk of collapse.

Blockchain will have many uses in healthcare as well. Personal medical history, social security numbers, payment data, etc., should be among our most protected pieces of information. The encryption keys that Blockchain uses can make that information secure, but easily accessible when needed to those who are allowed access to it. With Blockchain, each patient ‘s file will be singular and complete, thus enabling you to change insurance systems and doctors without losing any vital information.

NLP, AI, and Machine Learning

NLP, AI, and Machine Learning have already started reshaping the world as we know it, and they will continue to do so in 2019. These technologies have not only affected the IT world, but they’ve made their way into agriculture, manufacturing, healthcare, and many more industries.

Natural Language Processing is the foundation of any AI system, and it’s one of the fastest emerging technologies. Google Home and Alexa wouldn’t be as useful or as popular without the implementation of NLP. Still, the most obvious application of NLP is seen in chatbots.

If implemented correctly, chatbots can greatly influence your business, they can hold human-like conversations, and thus intrigue customers and improve their overall satisfaction. With bot stores, it is now easier than ever to create chatbots for any business.

AI and ML are already being used in some industries, and their influence will only grow in 2019 as businesses jump on board to take advantage of all their benefits. We will see a rise in AI used in HR in all fields, and we’re already getting accustomed to AI being implemented in the automotive industry.

The applications of AI and ML are endless. Banking, healthcare, marketing, cloud services, they are all expected to rely heavily on AI in 2019.

AR & VR

AR and VR have become popular because they are easily used on mobile devices, primarily for video games. But in the near future, AR and VR are expected to become more widespread as industries begin to see their benefits. Marketing and advertising will be the primary users of these technologies because they can provide a completely personalized experience to customers.

A surprising industry may make use of AR and VR as well – healthcare. These technologies are already used for training and educational purposes, but their applications are wider than that.

AR and VR have brought about the development of telemedicine. With telemedicine, you can receive a medical consultation without a doctor being physically in the room with you. Doctors can remotely diagnose the conditions or administer the necessary therapy.

RPA (Robotic Process Automation)

Big enterprises have been relying on robotic process automation for some time now, and they’re reaping the benefits of it. However, from 2019 onwards, we will see a rise in RPA in small businesses as well. Robotic process automation can not only save the employees’ time by automating tedious tasks, but it can also save money and ensure that work is done properly.

There’s been a lot of talk about job losses due to automation, however, 2019 will see the job-generating power of technology. There will be a higher number of attended rather than unattended RPA implementations, which means higher cooperation between humans and technology.

Governments have already started seeing the benefits of RPA. In public sectors, RPA can prioritize human-centric services, reduce costs, and it has a positive impact on accuracy and productivity. So, dealing with government departments will become easier and faster.

Other industries like insurance companies, utility companies, banking, manufacturing, and telecommunication will also see a higher implementation of RPA.

IoT

We’ve all experienced the spread of IoT devices, and 2019 will be no different. This year, we will see even more everyday objects that have digital intelligence, and we’ll see a rise in intelligent homes, buildings, perhaps even intelligent cities.

The automotive industry has been taking advantage of IoT, and now there are IoT upgrades for vehicles of all prices. The most basic IoT technology vehicles now use is up-to-date diagnostic information. You can get real-time information about the engine, fuel consumption, tire pressure, and much more. With IoT and connected cars, roadside assistance, maintenance monitoring, driver monitoring, and more will be easier and more efficient.

2019 will see the inclusion of IoT in other major industries like insurance companies, construction, retail, healthcare, and more.

The “futuristic technology” is not science-fiction anymore, artificial intelligence and other technological advancements are spreading rapidly and are being incorporated in many businesses. We will soon see all these advancements be implemented in government, infrastructure, and every other industry. Incorporating new technology into our lives may have seemed like a frightening idea in the past, but with all its benefits and possibilities, it is set to reshape the world as we know it and make for a better tomorrow.