The COVID-19 pandemic has enhanced digital transformation in various fields. Resilient companies recognize the need to acquire new tools to survive the post-pandemic world. Keeping up with the latest tech trends is vital for survival after the pandemic. The trends listed below have impacted several industries and will continue doing so in 2021.
1. Edge computing for factory machinery.
2. 5G boosting the manufacturing industry.
3. Smartphone data enabling tailored auto insurance.
4. User-friendly AI platforms.
5. Emphasis on protecting authentication rights and network access.
6. Technologies that enable staffing optimization.
7. Smart use of health data.
8. Modernized recruitment processes.
9. Circular economy.
10. Food waste reduction.
Edge Computing For Factory Machinery
Edge AI allows algorithms to run closer or on the devices responsible for data collection. In the manufacturing industry, it can be integrated into motors, pumps, and other machinery. The benefits of local AI integration are vast.
Increased efficiency, reduced connectivity cost, and reduced connectivity losses are some of the benefits of edge AI. Real-time machine monitoring informs decision making and enables predictive maintenance.
5G Boosting The Manufacturing Industry
5G is capable of maintaining millions of data-intensive connections to various applications. As such, it can boost the manufacturing industry with many digital capabilities. It guarantees stable connections, continuous operations, and extremely fast data sharing. Equipment monitoring and predictive maintenance go a long way in guaranteeing efficiency.
Smart Phone Data Enabling Tailored Auto Insurance
Usage-based auto insurance is a growing market that will benefit from real-time data transmission. By embedding tracking technologies in smartphones, insurers collect data on their users’ driving habits. The data will help insurers offer tailor-made packages that suit specific drivers.
Furthermore, real-time driver monitoring encourages safe driving. Basing premiums on whether one is a good or dangerous driver gives incentive to reckless drivers. Furthermore, the data collected streamlines the claim processes.
User-friendly AI Platforms In The Financial Sector
Financial organizations are heavily impacted by AI investments. For banks and insurance companies to realize their full potential, all the employees should be able to exploit AI. Because not all employees have a computer science background, AI platforms must be user-friendly.
User-friendly AI platforms increase efficiency as employees spend less time on each task. They encourage confident decision making and large scale innovation.
Emphasis On Protecting Authentication Rights And Network Access
Cybercriminals are increasingly looking to compromise companies’ active directories (AD) to gain access to authentication rights and network access. Cybersecurity experts encourage tailoring security to put more emphasis on AD protection. To build resilient digital organizations, companies have to invest in technology to detect threats in real-time.
Technology That Enables Staffing Optimization
High labor costs are prevalent in the retail industry. To avoid being understaffed due to absenteeism, most retailers overschedule and hire additional labor. With improved workforce management technologies, workforce agility can be enhanced.
Tech provides platforms that keep track of available staff, share details on their availability, and help move workers to different stations. The result is improved performance and lower labor costs.
Smart Use Of Health Data
The health industry is big on data collection. With the changing tech landscape, there is an opportunity for AI to be used to improve patient care. Data collected can be processed to give new insights and potential treatment. The smart use of data collected in the healthcare industry is bound to improve treatment outcomes.
Modernized Recruitment Processes
Individuals joining the job market are digital natives. It means that traditional recruitment processes might not be very relevant now. Technology brings next-generation hiring solutions such as automatic candidate screening. Companies can evaluate intellect, expertise, and cultural outlooks before shortlisting candidates. The result is an objective and diverse hiring process.
Circular Economy
Linear economies have been the norm in most businesses. However, most business owners realize that it is not a sustainable choice. Therefore, circular economies that involve more renting than owning are becoming the norm. Rather than purchase hardware, software, and infrastructure, businesses will reduce their consumption of resources to encourage sustainability.
Food Waste Reduction
Food insecurity results from wastage and loss that could be prevented. To reduce food wastage from local businesses, tech apps enable the donation and purchase of surplus. Technology can play a significant role in reducing wastage. Boosting food security, and reducing the number of those who go to bed hungry.
Conclusion
The influence of Covid-19 on technology is evolving. Some of the tech trends witnessed in 2020 will continue to grow while others will take a different course. Many new behaviors acquired during the pandemic will influence technological change in the New Year. Most industries will look towards increasing their digital capabilities. To prepare for the future, companies must keep up with today’s technology trends.
