Technology is changing the world in a constant rate. From smartphones to robots, we are always connected and able to stay connected at all times. Communication is no more face-toface or written in handwriting, but instant and immediate via a multitude of channels, including voice assistants, text, and video calls.
New technology has transformed our lives in a variety of ways, enhancing the quality of life from generation to generation. However, there are some risks especially in relation to the job market. Some people worry that new technology could replace human jobs. This may happen in some instances. We know from past experience, however that the creation of new jobs can compensate for the loss of certain jobs.
Robotics, artificial intelligence, and natural language processing are currently transforming the workplace. We are also seeing the impact of drones Blockchains, 5G networks and quantum computing.
These technologies will revolutionise business processes by providing higher levels of connectivity, automation and security. Blockchains for instance, are changing the way supply chains are run by making it more secure and offering an indestructible record of transactions. And 5G will enable companies to process data closer where it came from (ultra low latency) and ensure data sovereignty and improve security by reducing the transmission of data costs.
Virtual reality and augmented reality are revolutionizing the way we interact with devices and information. They offer immersive experiences that feel and look like real life. We are also witnessing significant progress in areas like gene editing, which could reduce the incidence of genetic diseases such as muscular dystrophy and cystic fibrosis.
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