Emerging tech helps companies hit goals that their competitors don't see. It’s an effort multiplier and market creator on an unprecedented scale. Today’s users have an active interest in what lies beyond, and businesses need to respond. Emerging tech like augmented and virtual reality, artificial intelligence, blockchain, quantum computing, the internet of things, cloud computing, and architected materials among others are paving the bridge to the future. With us, you can be the first one to cross it.
Augmented reality (AR) is an immersive experience that combines the virtual world with the physical one. AR has three key components. First is the hardware, wherein the virtual images are overlaid on smartphones and other AR-capable devices. Then comes the software or platforms where the magic happens using toolkits. And, there is the app that allows the augmented reality solution to run on your smartphone.
Virtual reality (VR) is an immersive experience that focuses on transporting you to an entirely simulated virtual environment. VR places users in a virtual 3D space where they can freely move around and interact with objects. To do this, VR employs two elements—the software, which helps create the virtual environment, and the hardware, which immerses you into the virtual world.
Blockchain is defined as a digital ledger that records transactions and tracks assets across networks. There are three key elements in Blockchain—distributed ledger technology, immutable or unalterable records, and smart contracts. Blockchain is already being used across cryptocurrencies, supply chains, and identity management, with a promise of much more.
Any technology considered new is generally labeled as emerging. The continued development of existing technologies can also be considered emerging. However, the label can mean different things across different industries like manufacturing, IT, media, food processing, and more.
Augmented reality (AR), virtual reality (VR), metaverse, artificial intelligence (AI), machine learning (ML), deep learning, blockchain, the internet of things, architected materials, and photonics and electronics are among the disciplines considered to be emerging technologies. Our team possesses deep knowledge and real-world experience across all of them through the products we built for Fortune 500s and unicorn startups.
It’s about acting before push comes to shove. Incorporating emerging technologies into your processes now helps you iron out the flaws, perfect your workflows, and be ready to actually deliver unparalleled value to your users as these technologies become more mainstream. That’s why we see a lot of companies–both big and small–reinvest their surpluses into these technologies.
Each one of them is different and has vastly different use cases. So it isn’t possible to directly compare them and pick out the ones best for business. However, judging by their rates of adoption, the top 5 most popular emerging technologies are: artificial intelligence, machine learning, augmented reality, virtual reality, and the internet of things.
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