Augmented Reality (AR) and Virtual Reality (VR) have been a tremendous source of transformation in a variety of industries, including entertainment, retail, business, and education.
Fremont, CA: Thanks to the democratization of information, it is now easier to learn and keep up with trends. Looking at technological advancements in 2021, the trending technology has drastically taken over the corporate digital transformation. Therefore, organizations constantly strive to create innovative systems and strategies and a workforce to support these initiatives to develop robust new digital capabilities.
Furthermore, a dedicated team of employees who can accommodate current technology trends is well-equipped to meet business objectives. Similarly, if you are a job seeker, it is critical to stay current on emerging trends in order to easily secure the desired position in any industry.
Let's take a look at some of the industry's most popular technologies.
Augmented and Virtual Reality
Augmented Reality (AR) and Virtual Reality (VR) have been a tremendous source of transformation in a variety of industries, including entertainment, retail, business, and education. Because of the COVID-19 outbreak, we have all seen a significant shift to the remote working model. However, by utilizing AR and VR immersive technologies, communication and collaboration have become a smooth process in these unprecedented times.
According to recent statistics, investment in AR and VR for on-site assembly and safety will grow at a 177.4 percent CAGR by 2023. In addition, more AR/VR integration with the upcoming 5G network and expanding internet bandwidth innovations are on the way. The trend is not going away soon, with AR-enabled devices and internet access in the pockets of half the world.
Internet of Things (IoT)
Industry leaders are gradually constructing their companies' future plans using Internet of Things (IoT) technology. According to BBC Research, the global IoT market will be worth approximately $141.2 billion by 2023. The fusion of technologies with people, content, devices, and services serves as the foundation for new business models.
Even though this innovation is still in its early stages, we will soon be able to see how IoT is changing our daily work and personal lives by facilitating various services. This includes, among other things, better healthcare, better maintenance forecasting, and better customer service. The increased adoption of IoT applications creates more career opportunities in this domain, with a need for two types of professionals: first, employees with technical expertise to link up different platforms, and second, resources with data analytics skills to help churn a high volume of information produced by IoT applications for core operations.