Top five emerging technology in industry

TOP FIVE EMERGING
TECHNOLOGY IN INDUSTRY

Emerging Technology
Emerging technology is a term generally used to describe a new
technology, but it may also refer to the continuing development of an
existing technology; it can have slightly different meaning when used
in different areas, such as media, business, science, or education. The
term commonly refers to technologies that are currently developing, or
that are expected to be available within the next five to ten years, and is
usually reserved for technologies that are creating, or are expected to
create, significant social or economic effects.

Top Five Emerging Technologies
1. Internet of Things (IoT)
2. Artificial Intelligence (AI)
3. 5G Networks
4. Server Less Computing
5. Block Chain

Internet of Things (IoT)
 The Internet of Things (IoT) refers to the ever-growing network of physical
objects that feature an IP address for internet connectivity, and the
communication that occurs between these objects and other internet-enabled
devices and systems.
 In simple words, Internet of Things (IoT) is an ecosystem of connected
physical objects that are accessible through the internet.
 It is also referred to as Machine-to-Machine (M2M), Skynet or Internet of
Everything.

Corporate Aspect
Internet of Things is a transformational force that can help
companies improve performance through IoT Analytics and IoT
Security to deliver better results. Business in the utilities, oil &
gas, insurance, manufacturing, transportation, infrastructure and
retail sectors can reap the benefits of LoT by making more
informed decisions, aided by the torrent of interactional and
transactional data at their disposal.

How Can IoT Help ?
 IoT platforms can help organisations reduce cost through
improved process efficiency, asset utilization and productivity.
 The growth and convergence of data, process and things on the
internet would make such connections more relevant and
important, creating more opportunities for people, business and
industries.

Artificial Intelligence
 Artificial intelligence (AI) refers to the simulation of
human intelligence in machines that are programmed to
think like humans and mimic their actions. The term may
also be applied to any machine that exhibits traits
associated with a human mind such as learning and
problem-solving.

 Artificial Intelligence (AI) is the branch of
computer sciences that emphasizes the
development of intelligence machines, thinking
and working like humans. For example, speech
recognition, problem-solving, learning and
planning.

Various Industries using AI
 Finance & Banking:
As online transactions grow more popular every year,
the finance and banking industry faces increasingly
complex identity theft and fraud loss cases. AI can bring
financial cyber security to the next level, as systems using
deep learning technologies are able to analyze patterns and
spot suspicious behaviour and potential fraud.

 Health care:
In healthcare, AI can provide tremendous help in analyzing
complex medical data such as X-rays, CT scans, and different
screenings and tests. Using the patient’s data and external
knowledge sources such as clinical research, medical
professionals can build a personalized treatment path for
everyone.

 Technology
Technology companies don’t solely build AI solutions; they also utilize
it. Moreover, tech giants such as Google, Apple, and IBM are known to
acquire smaller AI companies to gain a competitive advantage.
As they frequently have products that can be hard to understand for the
average layperson, chat bots and virtual customer assistants using
speech recognition and natural language processing are indispensable
for tech companies.

5G Network
 5G is the fifth generation of cellular networks, and it is expected to be one of
the fastest wireless technologies ever created. (This is not to be confused with
the 5G that you may see on your Wi-Fi router, which is referring to 5 GHz
frequency for your internet network.)
 5G networks use a system of cell sites that divide their territory into sectors and
send encoded data through radio waves. Each cell site must be connected to
a network backbone, whether through a wired or wireless backhaul connection.

Benefit of 5g in industries
 Greater speed in transmissions
Speed in transmissions can approach 15 or 20 Gbps. By being able to
enjoy a higher speed we can access files, programs and remote
applications in a totally direct and without waiting. By intensifying the
use of the cloud, all devices (mobile phones, computers, etc.) will
depend less on the internal memory and on the accumulation of data
and it won’t be necessary to install a large number of processors on
some objects because computing can be done on the Cloud

 Lower latency
Latency is the time that elapses since we give an order on our device until the action
occurs. In 5G the latency will be ten times less than in 4G, being able to perform remote
actions in real time.
Thanks to this low latency and the increase of the sensors, it is possible to control the
machinery of an industrial plant, control logistics or remote transport, surgical operations
in which the doctor can intervene a patient who is at another side of the world with the
help of precision instrumentation managed remotely or the complete control of remote
transport systems, automated and without driver

 Greater number of connected devices
With 5G the number of devices that can be connected to the network increases greatly, it
will go to millionaire scale per square kilometre.
All connected devices will have access to instant connections to the internet, which in
real time will exchange information with each other. This will favour the IoT.
It is anticipated that a common home will have a hundred connected devices sending and
receiving information in real time. If we think of industrial plants we would speak of
thousands of connected devices.

Serverless computing
Serverless computing is a method of providing backend services
on an as-used basis. A Serverless provider allows users to write
and deploy code without the hassle of worrying about the
underlying infrastructure. A company that gets backend services
from a Serverless vendor is charged based on their computation
and do not have to reserve and pay for a fixed amount of
bandwidth or number of servers, as the service is auto-scaling.

Advantage of Serverless Computing
 Lower costs - Serverless computing is generally very cost-effective, as
traditional cloud providers of backend services (server allocation) often
result in the user paying for unused space or idle CPU time.
 Simplified scalability - Developers using serverless architecture don’t
have to worry about policies to scale up their code. The serverless
vendor handles all of the scaling on demand.
.

 Simplified backend code - With FaaS, developers can create
simple functions that independently perform a single purpose,
like making an API call.
 Quicker turnaround - Serverless architecture can significantly
cut time to market. Instead of needing a complicated deploy
process to roll out bug fixes and new features, developers can
add and modify code on a piecemeal basis

blockchain
Blockchain is a distributed database existing on multiple computers at the same
time. It is constantly growing as new sets of recordings, or 'blocks', are added
to it. Each block contains a timestamp and a link to the previous block, so they
actually form a chain.
Blockchain technology is a structure that stores transactional records, also
known as the block, of the public in several databases, known as the “chain,” in
a network connected through peer-to-peer nodes. Typically, this storage is
referred to as a 'digital ledger.

Application of blockchain
 Secure sharing of medical data
 Cross-border payments
 Real-time IoT operating systems
 Personal identity security
 Anti-money laundering tracking system
 Supply chain and logistics monitoring

 Voting mechanism
 Advertising insights
 Original content creation
 Crypto currency exchange
 Real estate processing platform

Top five emerging technology in industry

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