Emerging Technologies and Their Real Life Use Cases

Posted By : Waqif Ali Nasir | 08-Jun-2018

In today's world technology is one thing that is affecting the lives of each and every one in one or the other ways. Whether we are aware of it or ignorant but technology is changing the way we live our life. It's affecting every gender, age group, rich or poor in fact every human being. Here are the 4 most emerging technologies which will change the way we live our lives.

 

  • Artificial Intelligence: 1.Predicting the stock market is always considered to be one of the most unpredictable things. But with the coming of machine learning algorithms, it will make the decision making and the behaviour of the stock market much simpler. 2. Healthcare industry- Artificial intelligence will help in studying the variables(symptoms) and will help in predicting the disease much before. 3.Marketing Personalisation- There are lots of e-commerce websites and many people prefer the online shopping than the brick and mortar store. Artificial intelligence helps in understanding the behaviour of the customer and accordingly having your marketing and selling strategy defined. 4. Commuting- Use of auto pilots and share cabs which will help in reducing the traffic. 5. Email categorization- Generally on your reading behaviour your mails will be categorised as SPAM or important.

 

  • Cloud Computing: 1. Personal Storage- We have so much of data nowadays such as family pics, videos, documents etc and all these can be stored in platforms such as Google Drive, icloud etc without spending any money on external hard disks and this is because of the cloud. 2. Education-The mode of education has been changed and many schools/colleges have switched to online classrooms and e-learning. Students can join the online classes from anywhere and access the data anywhere and anytime. 3. Social Media-There are so many videos and photos  posted all over the world through Facebook, Instagram, Snapchat etc and all these are stored/saved using Cloud. 4. Navigation- In order to provide real time updates, our GPS maps needs to store massive information to give us accurate results. We are indirectly using the cloud platform to reach from one place to another. 5. Cloud also help in Developing countries as they no longer need to invest in infrastructure and maintaining servers.

 

  • Block Chain: 1. Decentralized Crytocurrency- Higher the transaction amount more we will want to protect it. Block chain helps to cut down on frauds and also transfers funds safely and fast. 2. With the IoT(Internet Of Things) becoming more popular in future it will be the Block chain system that will provide the security and to make sure that the distributed information stays secure. 3. For example, a dockless bicycle app named Mobycy will need to implement/implementing Block chain to protect its Bicycle from thefts. 4. Cloud Storage- Block chain will help decentralized storage system making it more resistant to external attacks/thefts.

 

  • Internet Of Things: 1. Real time GPS tracking-Real time tracking of actual time taken to travel from one place to another-Google maps. 2. Smart Homes- All the switches and appliances connected to your  smartphone. You can switch off the fan and lights of your  room by sitting at a different place. 3. Smart Cities- IoT will solve a major  problem of people living in cities such as traffic congestion, pollution etc. 3. Apps-Example Ola cabs giving real time availability of cabs, time and   fare. 4. Wearables such as smart watches which keeps a track record of your activities. These devices generally cover  fitness and health requirements.?

 

Above are just a very few examples of how our life can change by the use of these technologies. On the broader picture, the use of the above technologies will have a greater impact on how we see our lives. But lets not forget that there are always some pros and cons of each and everything. It always depends on we human beings how we use any resource or technology.

About Author

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Waqif Ali Nasir

Waqif is an experienced Business Analyst with sound knowledge of Advanced excel,SQL and ERP tools. He loves to explore and is up for new challenges.

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