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Impact of Growing Technology On The Consumer

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Technology has always been a huge part of our lives. It has drastically changed the way we live and the way we observe the world. As technology continues to grow, it has started to influence the audiences of various media outlets. This can be seen in the way that news is covered and how it is reported.

Impact of Growing Technology On The Consumer

 

The advent of social media has also had a huge impact on the way audiences receive news. It has given them a platform to voice their opinions and has also made it easier for them to access news from around the world. The way we consume news has changed dramatically in recent years and it is only going to continue to change as technology grows. It will be interesting to see how audiences evolve and how they adapt to the ever-changing landscape of news and media.

Businesses and professionals are adopting new technologies for many reasons such as advancements in IoT (Internet of Things), Machine Learning, Meta Verse, Artificial Intelligence, etc.

Growing technology is influencing the audience and it makes the audience more aware of what is happening around the world. It also leads to a lot of people being couch potatoes and not going out as much. Some people are even more aware of things that are happening in other countries than they are of things that are happening on their own.

Most Popular Technologies that are Influencing Businesses and Developers

1. Process Automation and Virtualization

Within the next few decades, next-level process automation and virtualization could automate around 50% of all current labor activities. According to McKinsey, by 2025, the Industrial Internet of Things (IoT) will be connected to more than 50 billion devices. Around 79.4 zettabytes of data will be produced annually by robots, automation, 3D printing, and other technologies.
The Future of Connectivity

The IoT and 5G’s faster digital connectivity have the potential to spur economic growth. So much so that adopting speedier connections “may boost global GDP by $1.2 trillion to $2 trillion by 2030 in the areas of transportation, healthcare, manufacturing, and retail.” One of the most closely followed technological advancements over the coming ten years will be 5G and IoT.

Far-greater network availability and capabilities will cause broad alterations in the corporate landscape, from decentralized energy distribution and remote medical monitoring to the digitization of production (via wireless control of mobile tools, machines, and robots).

2. Distributed Infrastructure

70% of businesses will use hybrid or multi-cloud platforms by 2022 as a component of a distributed IT architecture. It will imply that data and processing can be managed via the cloud while making devices more quickly accessible.
According to McKinsey, this technological trend will help businesses increase their speed and agility, reduce complexity, reduce costs, and strengthen their cyber security defenses.

3. Next-Generation Computing

Every element of our everyday life now involves the computer, and this digital change is spawning a plethora of new business models and inventions. The expectations we set on software and technology grow along with the variety of application situations. However, the speed, performance, compactness, and energy-efficiency limits of conventional computing technologies are being steadily reached. The goal of next-generation computing is to address this problem. Fraunhofer is leading the development of hardware and technology for next-generation computing, including quantum-based and neuromorphic computing as well as next-generation microelectronic components.

4. Applied Artificial Intelligence (AI)

One of the largest technology trends is AI. As far as AI development goes, we are still in the early stages. As technology advances, it will be used to create new tech-based tools, such as teaching machines to spot patterns and take appropriate action after doing so.

By 2024, more than 50% of how individuals interact with computers will be voiced by artificial intelligence. However, according to the consultant, businesses are still looking for effective ways to employ AI. “While any firm may benefit from AI if it’s deployed successfully and in a repeatable fashion, less than one-quarter of respondents report significant bottom-line impact,” the consultancy states.

To Conclude

The technology landscape is always changing, with new tools and platforms emerging all the time. It can be hard to keep up with the latest trends, but it’s important to stay informed about the technologies that are making an impact on businesses and developers. In this article, we have discussed some of the most popular technologies that are influencing businesses and developers. 


Last Updated : 04 Nov, 2022
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