What opportunities people have considering the latest innovations in technology

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The latest advancements in technology made people wonder what is going to happen with all industries. Is technology going to have a huge impact on people’s lives? Is it going to be helpful or destroy parts of life that people currently consider normal? Having all of your questions answered is possible by reading this article – a sum up of the most relevant innovations in technology and their after-effect in each industry.

Some people find these changes truly overwhelming and difficult to face, but – in reality – time is the only one which can tell whether these changes are going to be beneficial or not for the society. The secret is to keep yourself open-minded and to accept the fact that changes are going to happen regardless of what people have to say.

All industries are going to suffer changes. Preparing for new disruptors is mandatory, as these changes are supposed to enter in your life and transform it for the better. Industries such as medicine, computing, automotive, finance, retail, education and many more others are already facing modifications that come from technology disruption. You may want to know about these innovations, reason why you should keep reading this article and see what may influence your life. Here’s the list:

Blockchain technology

This topic is more popular when it comes to cryptocurrency, but it started to evolve tremendously lately, and things have changed. Its presence is now felt in automotive, financial services, healthcare or even voting. Using blockchain technology can actually change many aspects of our lives.

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This type of technology started as a safe way to complete transactions. Someone makes a transaction request, it goes through a P2P network, it receives validation through certain algorithms, sometimes is verified (other times is not), it creates a block of data (it forms the ledger), the block of data is added to the existent blockchain and the process is completed by making the transaction in a permanent and unalterable manner. It sounds difficult and extremely complex, but the process behind blockchain technology is actually very easy to understand.

Using decentralized ledgers for transactions was just the first step. Think about the implications blockchain technology can have in medicine. Patients could enjoy the encrypted information that can eventually be shared with providers without risking a privacy breach. The same goes for voting – given all the conflicts that exist related to this topic. People could cast votes via a device they own, so the results would be directly verifiable. In financial services, transactions and settlements would be realized easier, safer and cheaper, as blockchain technology is not mediated. Therefore, no taxes or commissions are involved.

Artificial Intelligence

The rise of AI has people react in two different ways – either enthusiastic about their efficiency and the possible help it may offer humans, either scared and worried about the possible negative comeback of artificial intelligence. AI represented a tough battleground for technology in the past few years, and the more technology advances, the higher chances AI has to be the center of attention.

Most enterprises are now interested in somehow integrating AI into their processes. There are different types of AI that are going to enter the world in the following years. The first type is represented by purely reactive Artificial Intelligence. Reactive AI takes information as given and acts on what it perceives, nothing more. It can’t form memories or learn from mistakes. It can be specialized in one single area. A good example of reactive AI would be AlphaGo, found by Google.

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The second type of Artificial Intelligence is represented by limited memory AIs. Unlike purely reactive AIs, these ones can be programmed to remember some past experiences and execute appropriate actions considering these experiences. This is the principle used for programming self-driving cars or chatbots/virtual assistants.

Climbing up the ladder, you will find more about the theory of mind Artificial Intelligence, which refers to robots that understand human emotions, motives, thoughts, ideas and so on. This type of AI is still under development and you probably know some examples of sci-fi movies like “I, Robot”. Finally, the situation is topped with self-aware Artificial Intelligence, which is the most fear type of AI, as it can act entirely as a human being. It is intelligent, sentient and conscious at the same time and it can form decisions on its own.

Immersive Experiences

Augmented reality, mixed reality, and virtual reality are not even impressive anymore. People started using all these concepts almost on a daily basis – on their smartphones, for gaming, for watching movies and so on. AR, MR, and VR are actually having quite the impact on business and marketing sectors.

In terms of sharing content experiences, these extensive types of reality can be the answer to many questions. Data visualization is now taken to an extreme and could help people manage time and resources better. Immersive experiences don’t seem to have any drawbacks at the moment. It is beneficial from all point of view and they are worth to include in people’s daily lives. The access to information is more emphasized than ever.

Privacy and identity theft

There are always drawbacks when it comes to technology, regardless of their type. One of the major downsides of technology evolving so rapidly would be that one’s privacy is clearly reduced. Let’s say blockchain technology is on the rise and it is implemented in one of the industries mentioned above. Hackers will learn the drill faster than people expect, and they can reach to encrypted data that people consider safely stored.

Right now, there are enough people search services that let you track the entire history of a person or to find out important details about them. This can be both an efficient option, but a bad thing considering some people intend to harm others. In order to enjoy technology at its best and turn their lives into easier ones, people have to focus on safety too. Luckily, researchers and professionals in the field of technology are working continuously on improving security.


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