Technology is changing the world at a rapid speed. From smartphones to robots, we are constantly connected and in contact at all times. Communication is no longer face-to-face or even with handwriting, but via text, voice assistants, and video calls.
The advancement in technology has improved the quality of our lives from generation to generation. But it’s not without its risks, particularly when it is related to jobs. Many people are worried that new technologies will replace human jobs, and this could occur in a certain degree. However, we know from the past that the elimination of some jobs is offset by the creation of new, better jobs.
Artificial intelligence, robotics and natural language processing are already changing the workplace. We are also seeing the impact of drones and 5G networks, blockchains, and quantum computing.
These technologies will transform the business process, bringing higher levels of automation connectivity, connectivity, and security. Blockchains for instance are changing supply chains by making them more secure and offering indelible transactions’ histories. 5G will allow companies to process data closer to where it came from (ultra-low latency) and ensure data sovereignty, and increase privacy of data through lowering the cost of transmission.
Virtual reality and augmented realities are changing the ways we interact with digital devices and information. They create immersive experiences that look and feel like real life. We’re also seeing significant progress in areas like gene editing, which will reduce the frequency of genetic disorders ranging from hereditary diseases such as muscular dystrophy to cystic fibrosis and could even increase our lives.