Artificial Intelligence

6 Technology Trends of 2020 That You Need to Know to Live an Easier Life

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What good is technology if it does not make life easy? The most complex algorithms are most often aimed and simplifying some or aspects of our lives. Here are a few technology trends in 2020 that you need to know to live an easier life!

6 Technology Trends of 2020 That You Need to Know to Live an Easier Life

Immersive Experience through Virtual Reality and Augmented Reality

Virtual reality is the creation of a simulation of a conceptual or a real environment with which users can interact. While Augmented Reality enables amplification of objects to add additional information. Both these technologies not only engage customers with meaningful interactions but offer an immersive experience that blurs the difference between the simulated world and the physical world.

5G

This is the next generation communication network technology that includes faster data rates and greater capacity. It promises a rich, reliable and hyper-connected world.

Blockchain

Blockchain is a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity. Each of the blocks is secured and bound to each other by using cryptic principles – hence the name blockchain. It is extremely secure and does not have any centralized authority. It is immutable, meaning once something has been entered into the system it cannot be tampered with – making the system all the more desirable in the fields of finance, etc.

Artificial Intelligence

Artificial intelligence helps build smart machines that are capable of performing tasks that typically require human intelligence.

Internet of Things (IoT)

The internet of Things (IoT) is getting more and more advanced by the day. It’s not only getting smarter but is revolutionizing the way things work from the way we travel to the way we manage to the way we shop – everything!

Easier Conversation with Devices

Technology trends also have seeped into daily conversations. Communication devices get smarter and conversations become easier. Features to record conversations set reminders and organize business and personal conversations make the entire communication more manageable.

Technology has its own charm. It makes life easy and we embrace it without a question!

Internet of Things

How IoT Will Transform The Real Estate Industry

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Especially for the real estate industry, IoT at a first glance does not seem very relevant, but if you take a closer look, IoT has the potential to radically change the way things work. With changing customer preferences and everchanging demands, businesses will see IoT playing an increasingly important role in real estate.

How IoT Will Transform The Real estate Industry

So, what exactly does IoT mean for the real estate industry?

Disruptive technologies fuel the growth of smart spaces. There has been a steady rise in devices and sensors being used for capturing data. IoT enables real estate providers to create differentiated value to customers by providing smart solutions to control various systems at home, office and other spaces. Capturing data from sensors combined with the power of analytics gives IoT the potential to offer insights that could transform the way real estate industry traditionally works.

IoT makes spaces ‘smart’

On a constant quest for automation that could make life easier, IoT offers real estate industry with smart devices that not only do that but also offer operational efficiency and better economic benefits. Data from devices can be gathered, analyzed and users can be notified of any irregularities in the functions.

IoT has a significant impact on energy efficiency

Especially in the real estate industry, IoT could play a key role in capturing the pattern of energy consumption and initiate preventive maintenance. This will ensure smooth operations and can be directly translated to tangible benefits such as operational cost reduction and intangible benefits such as seamless operations.

IoT helps faster decisions

Because IoT gathers enough data and has the ability to analyze it, maintenance decisions could be more predictive rather than reactive. It speeds up the entire decision-making process.

Many times, the lack of inoperability between the devices create a hindrance in the effective use of IoT. IoT, applied in the right way could add value to many processes in the real estate industry and will drive the way businesses work in the future.

Information Technology

How IOT will change the Transportation paradigm?

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IoT has the ability to connect over 200 billion devices by 2020. Even today around 96% of the companies have chosen to invest in IoT and have already seen the benefits.

How IOT will change the Transportation paradigm?

Public transportation can benefit from IoT to make it more efficient, safer as well as offer a more pleasant ride for commuters and could also introduce certain financial savings too.

Creating a more efficient public transportation system

IoT connected trains could display arrivals and departures and give passengers enough time to plan their commute. When trains and buses are connected with technology, it gives us more data for analysis that can be aggregated to implement predictive analysis. Managers can receive alerts whenever the vehicle is due for maintenance. Rather than waiting for the parts to breakdown, you get notified so as to take proactive action.

Enhanced safety

IoT adds predictive analysis to public transportation. This means safer rides for the commuters as breakdowns can be detected before they actually happen. Since managers will know which parts are due for maintenance and can replace or repair them before they breakdown.

Better Commuting Experience

Today’s commuters already enjoy wi-fi and other tech services on public transportation. This allows them to check emails and other updates on the way to the office. Smart Bus stops with IoT devices could mean more features and a more enjoyable ride for everyone using public transportation.

Significant financial savings

IoT in public transportation enables more revenue streams. This increased revenue can be used to create smarter transportation in smart and more connected cities.

Future impact

Many changes are seen in the transportation industry and in future too IoT will continue to impact the transportation industry. The connectedness of public transport has made the rides for commuters very convenient, safe and more fun.

Automotive Industry

How the Automotive Industry Use Internet of Things (IoT) Technology?

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There is no way anyone could think of the Internet of Things (IoT) when thinking about the automotive industry. Usually, automobile manufacturers integrate technology at a far slower pace than other industries. With the recent innovations in IoT, however, the technological zeitgeist that promises safety, convenience, and customization, the automobile industry is fully poised to take advantage of this new age technology.

How the Automotive Industry Use Internet of Things (IoT) Technology

Here are some ways in which IoT provides solutions for the automotive industry:

As more automotive designers implement IoT into their designs, more and smarter cars are manufactured. Smart cars enabled with IoT are the latest trend in the automotive industry and let’s face it, there’s no slowing down. Statistics show that around 381 million smart cars will be connected with IoT devices by 2020.

Transportation in 2018 was driven by software – from apps that can predict traffic patterns in real time to guidance systems that can avoid accidents based on communication between vehicles, the IoT approach is completely revolutionizing how people get from one place to another. Automobile makers are now working hand in hand with software developers to create a transformation in the way thing work for the industry.

IoT is not only tied to the direct functioning of the vehicle. It can also act as a way of mitigating driver behavior. Auto insurance companies are also using IoT to monitor the driver’s habits. When IoT is integrated into transportation, third-party insurance companies can gain more insights about the driver – such as metrics as the time of the day when the vehicle was driven, distance traveled per day, speeding and braking habits etc. With this information, insurance companies can base their premiums off of the drivers’ habits. IoT also offers a more convenient way to drive.

IoT is revolutionizing the automotive industry and will definitely improve at least some aspects of our lives.