Three of the most startling technological advancements are transforming our lives in more ways than one. Automation, Artificial Intelligence and Internet of Things are converging to impact every aspect of our lives sending out clear signals to change the way we think and operate. If liberalization and computerization was the rage just a few decades back, these technology trends of today are driving sweeping changes across industries.
Automation driven by Artificial Intelligence has replaced some of the routine tasks much more efficiently than human beings. It is ready to take up more jobs in the future forcing people to rethink their career prospects. Yes, robots are here to stay. It is evident that automation has raised standards of living, increased literacy rates, lengthened life span and reduces crime rates. Software automation is another interesting dimension which heralds new technology related jobs as well.
Internet of Things (IoT) produces hordes of data, not just volumes, but useful data that can perform a range of activities. From saving cities from disasters and crimes, creating smart homes with connected appliances, offering key medical insights to medical practitioners and enabling communication between self-driving cars the scope of IoT is burgeoning.
Retailers are also getting onto the bandwagon of these three techno shifts to increase sales and attract consumers. They are moving away from traditional brick and mortar stores to online ways of selling and e-commerce platforms.
While these trends have been around for a while they have never been so powerful or as ubiquitous as now. Interesting dimensions and possibilities are bound to increase in the days to come and impact our lives for the better.