The world is entering a new era where core technologies quickly become outdated. We broadcast data, send, and receive information at the speed of light. This highly sophisticated technology has also led to complexity because it needs to be built, programmed, and maintained by talented individuals. Disruptive technologies are a crucial factor in this change. From autonomous cars to customer experience applications across industries, AI has changed our world. All the examples mentioned building on core technologies that most modern-day innovations form.
1. Embracing the Future with Voice Technology
The latest voice-activated products are forcing us to rethink best practices in consumer electronics design. One of the more significant challenges is striking a balance between enabling a natural conversation and making it easy to make a command mistake. Arguably, voice functionality has enabled voice use as a highly accessible service that can carry out easy commands.
A growing number of connected products allow people to interact with all sorts of machines and products in their homes via voice. These devices range from a new generation of intelligent home appliances to healthcare applications and industrial equipment. Ten years ago, many people and organizations had not yet discovered the world of voice. The idea that people would one day talk to their computers was deemed ridiculous. Fast forward, and now, the whole world has changed.
Today, the voice and speech technology industry is worth over $25 billion, and we estimate it will grow to over $40 billion by 2022. There is no question that voice is the new interface in business, and many recognize this, but consumers are moving to other options. Most companies are losing money due to poor customer service. The current economic hardships have made it essential to save money. With voice being so important across every industry, you should be looking to join the bandwagon today.
2. Seeing is Believing: Image Recognition
Image recognition is how the brain stores conscious and unconscious recognition of objects seen before. When you visit a thing, your brain records it in some way so that you can recall what that object is in the future. You can instantly capture and save images to your computer with image recognition. Real-time image recognition is not only used in applications directly related to artificial intelligence and machine learning. For example, it is now used in autonomous driving applications and drone swarms by monitoring changes in the environment, thereby enabling robots to navigate without any pre-programming.
Image recognition is also essential for accurate vehicle classification in industrial automation. Even though most of these use cases are relevant to consumer markets, the industry requires powerful commercial-grade algorithms to run in real-time on various hardware platforms. Image recognition has been in use for years. Yet, many in the security industry are still unaware of using this emerging technology. There are many applications of this technology, including identification and classification. The main goal is to have the system become self-sufficient. Therefore, we must embrace image recognition technologies by consulting with experts in this region to get tailor-made solutions.
3. High-tech Biometric Methods
Biometrics is the fastest-growing segment of the technology industry. There is an enormous market opportunity with uses ranging from national security to health care and the retail and gaming industries. The biometric market will reach $12 billion by 2018 and employ more than 10,000 people in the United States alone. Using image recognition, biometric identification of visitors is a modern and efficient solution that exists in many facilities. This method allows for the maximum resolution of all face features and the capture of other body features, such as tattoos or physical peculiarities, among others.
The decision to implement new forms of identification pegs on the inability to compromise other existing security measures. With biometrics, no one needs to remember passwords or carry any physical device. Traditional hardware business systems have been replaced by migrating to a SaaS business model that allows companies to capture business data and keep them in secure repositories. That's why the combination of biometric technology and cloud services is simply an ideal solution with no alternatives.
4. Mixed Reality
Mixed reality refers to the amalgamation of physical and virtual elements in real-time 3D environments. It uses information from the physical world and augments it with computer-generated perceptual information. When designed well, this technology can produce a better user experience through touch, motion, sound, and graphics. Technologies like augmented reality and virtual reality work to bridge the gap between technology and real life by transforming our physical surroundings into an extended version of our computer system. And yet, even if you know where this technology is going, chances are good that you're not developing for it yet. Are you?
Mixed reality opens up many options for businesses by allowing them to move beyond their traditional spaces and operate from one central hub providing instant access to all their distributed teams. Mixed reality is here to stay; it will be part of our digital lives for a long time. The sooner you get started developing with this new technology, the sooner you can take advantage of its benefits for your organization.
5. Machine Learning and Artificial Intelligence
Artificial Intelligence has an area that gives computers the ability to act through the information it receives selectively, that is, machine learning. It is divided into two parts, one that allows machines to acquire data from a given information and another that will enable them to learn from experience. Artificial Intelligence and Machine Learning are important actors in interpreting demand movements and acting accordingly on quickly changing solutions at a massive scale.
It can be from incentivizing participants and scheduling devices to learning how to appreciate actions effectively. It is effective for helping businesses stay competitive. The example provided is just one of the many applications where machine learning and artificial intelligence give your organization a competitive edge. Consult an artificial intelligence expert today and get what the field has to offer you.
Today, core technology companies appear inside the mainstream, but they will be gateways to entirely new economies tomorrow. For example, Sensors are moving from labs into the bloodstream and space. The solar industry is about to embark on another growth phase as prices plummet, efficiency improves, and margins contract. The sharing economy is a platform for anyone to become an entrepreneur -- it just depends on what you make, And that's just the beginning. Keep a close eye on future trends and developments. There will be a glove-fit solution for whichever problem you could be currently experiencing in your organization. These technologies will disrupt business models, create new growth opportunities, and empower recent consumer trends. To tap into the true potential of emerging core technologies, you will need a partner with your vision for the future at heart.
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