Posted on June 2023 By Aaron Green
Technology is constantly adapting and pushing barriers. This year, we have seen a vast change in the technological landscape which we should expect to see evolve further into 2023, with the increased development of AI technologies and interconnected technological networks. Here, we will investigate 4 of the most recent Tech Trends that are rapidly expanding to assist their target sectors.
AI and automation
AI (Artificial Intelligence) and Automation are technologies that have the ability to revolutionise industries. AI involves the development of intelligent systems capable of performing tasks that typically require human intelligence. It uses computer algorithms to analyse data, make decisions, and solve problems.
Automation, however, involves the use of technology to perform tasks without the need for human intervention. It streamlines processes, from simple rule-based actions to complex cognitive tasks, optimising efficiency and reducing overall costs.
These technologies have the potential to enhance efficiency, innovation, and performance in fields like healthcare, manufacturing, finance, and customer service. By combining AI and automation, businesses achieve increased productivity, improved accuracy, and cost savings.
At iO Associates we’re already seeing an increased positive use of automated technologies, credits to platforms such as Herefish and Microsoft Power Automate, to enhance aspects of recruiting.
Virtual reality (VR) is an immersive technology that simulates a three-dimensional computer-generated environment, which users can interact with using specialised headsets or devices. It transports users to virtual worlds, providing a unique and realistic sensory experience.
VR has the potential to revolutionise industries and redefine how we perceive and interact with digital content. Most used in gaming, it enhances player engagement. In training and education, VR enables immersive and interactive simulations for practical learning. iO Associates works closely alongside the UK Government and Defence sector to provide efficient services which can utilise the use of VR within their regimented training programs for an increased immersive experience.
VR is further applicable in industries operating architecture and design, healthcare, marketing, and entertainment, offering innovative ways to visualise, experience, and communicate information.
Internet of Things
The Internet of Things (IoT) is another tech trend to watch out for. The IoT refers to a network of interconnected physical devices, vehicles, appliances, and objects that are embedded with sensors, software, and connectivity, which enable them to collect and exchange vital data.
IoT will allow devices to communicate with each other and with humans, creating a seamless integration of the physical and digital worlds. IoT has numerous applications across industries, including smart homes, industrial automation, healthcare monitoring, agriculture, transportation, and energy management. It enables improved efficiency, automation, and decision-making by providing real-time data and insights. The IoT has the potential to transform industries, enhance productivity, and bring about a new era of connectivity and convenience. It is definitely a tech marvel to watch out for.
Blockchain is an advanced technology that enables secure and transparent transactions and record-keeping. It functions as a chain of blocks, where each block contains a timestamped list of transactions that are encrypted and linked to the previous block, creating an immutable and tamper-proof chain.
Blockchain is not just for money, it can be used in many other areas. It can help track products in a supply chain, make financial services more reliable, keep healthcare records safe, and even improve voting systems. With blockchain, we can trust the information and avoid fraud because it doesn't need middlemen. It's a new way to manage and share important data. Companies such as IBM, Binance, and shopping giant Walmart are utilising the technologies that Blockchain is providing in forward-thinking and innovative ways.