In this blog post, I’ll provide an overview of five of the most important technology trends for this year and highlight which industries can benefit the most from each one.

With so many different perspectives out there on the top technology trends for this year, it can be hard to know where to look.

A good place to start is to review the articles and reports published by top consulting firms like Gartner, Deloitte, and Tech Funnel, among others.

Trend #1: IoT, Big Data, and AI for Sustainable Development

These technologies allow companies to measure consumption, reduce demand, and reduce their carbon footprint, making them kinder to the planet.

But those aren’t the only benefits, using tech to go green can also help reduce costs and build new revenue streams.

Industries: telco, retail, supply chain, and agriculture.

Trend #2: From IoT to IoB (Internet of Bodies)

We’ve seen IoT before in different applications like sensors in shipping containers, manufacturing systems, and agriculture infrastructure. IoB takes this concept to a whole new level.

It started as a monitoring technology where a device was placed inside the body to measure things like heart rate, blood pressure, arrhythmia, etc. Now, it’s evolving towards intervention.

A new insulin pumping device is in the works to treat diabetes, and even though it carries some risks, patients of care-intensive treatments will be able to reduce costs.

Industries: pharma and biotech, hospitals, and medical devices.

Trend #3: Hyperautomation

This technology leverages other technologies like artificial intelligence and machine learning to automate processes faster and augment humans.

The goal of hyperautomation is to develop a fully AI-driven decision-making operation. It also allows organizations to visualize how functions, processes, and key performance factors interact to drive value.

Recovering real-time continuous intelligence about the organization by using hyperautomation has plenty of perks like improving workforce engagement capabilities, among others.

Industries: supply chain, CPG, pharma and biotech, and food and beverage.

Trend #4: Multiexperience

What do you get when you combine augmented reality (AR) with virtual reality (VR)? You create immersive experiences for your customers.

A multiexperience comes to life when, by leveraging the previously mentioned technologies, multisensory and multi-touchpoint modalities interact to enhance the user experience of an application.

According to Gartner, the future of app development will be multiexperience, now that, “development platform vendors are expanding their value proposition beyond mobile apps and web development to meet user and industry demands.”

Industries: retail, food and beverage, and CPG.

Trend #5: Edge Computing

Edge computing is transforming the way data is being handled, processed, and delivered. It accelerates the creation and support of real-time applications like self-driving cars, robotics, analytics, and video processing.

This technology works by bringing computation and data storage closer to the devices where it’s being gathered. This removes latency issues, allows for more efficient security systems, and helps create more vivid augmented reality, among other major benefits.

The Forbes Technology Council made a list of more than 10 benefits brought on by edge computing, making it something many businesses should consider implementing in 2020.

Industries: retail, CPG, healthcare, agriculture, logistics, and finance.

The Bottom Line

It came as no surprise to find artificial intelligence (AI), machine learning (ML), the internet of things (IoT), and data analytics as recurring topics. The difference is that 2020 will be the year when all of these technologies converge to create even more powerful breakthroughs.

Looking for expert guidance on how to implement any of these or other innovative technologies for your industry? TEAM can help.

Contact us today and kick start 2020 with the right innovative technology plan for your business.