Nowadays, the smart integration of technology can set a business apart from competition. Tech-driven companies have a better chance at success than those that don’t embrace technology. But were not talking about the most basic use of technology like emails or smartphones. Both users and businesses are benefiting thanks to technology disrupting industries in all verticals during 2020.
Today information technology services are revolutionizing the way business is happening around the world.
So, most companies use AI, machine learning, IoT, big data, and robotics at some level.
However, some industries are earning more rewards than others, in terms of technology through 2020.
Fab 5 Industries rewarded by Tech Disruption
Currently we are going to explore the ways technology is affecting leading industries in 2020.
Let’s see in what manner is technology disrupting industries in the modern era, particularly 2020.
Due to technology, education has become smoother and more interactive for students and teachers.
Now students can share information more efficiently.
Likewise, they can collaborate on group projects by using cloud technology.
However, this is just the beginning.
In the future, we expect more advancements, such as AI-driven education.
Artificial intelligence is particularly beneficial for educational institutions.
Because it allows them to easily create personalized learning solutions for their students.
These days, learning how to code is as important as reading theory relating to computer sciences.
This is exactly what Bill Gates once forecast.
Moreover, education is forecast as easy as downloading information to your brain, in the Elon Musk’s city of the future.
Although this is a little futuristic, it can evolve into reality by using artificial superintelligence soon.
Once financial advisors were the first resource for people to seek guidance and make better business choices.
Their role was to advise users by providing them statistical records and forecasting financial situations.
However, financial forecasting is now more efficient by using machine learning and data science.
Therefore, it is more common to see that users prefer to use platforms like robo-advisor amid 2020.
Artificial intelligence has transformed the security industry at all levels.
For instance, this is greatly improving the safety of the vehicles.
Automated cars can make roads safer than ever.
Bio-metric technology is helping avoid monetary fraud cases, by securing financial transactions.
It is as easy as putting your fingertips to make any type of transaction.
The Internet of Things (IoT) trend is evolving, and helping many businesses.
Now we have IoT wearables, IoT coffee makers, IoT thermostats, and even security cameras connected to the Internet.
However, there is always a dark side to the story.
The bad thing about this is that someone may hack these IoT security cameras, and eventually commit a crime.
Yet, IoT companies are improving security levels and bringing more sophistication in data protection.
In the beginning, we had traditional marketing, including television advertising or broadcasting.
However, with the emergence of new technologies, digital marketing came into play.
Digital marketing is related to SEO and social media.
Therefore, all the strategies focus on the digital atmosphere.
Digital marketing also leverages technology to automate processes.
The customer service department does not need to be that big now.
By using AI-driven bots, digital marketers assist customers without having to spend a lot of time answering emails or messages.
The good thing about this is that customers get an immediate answer to their queries.
Furthermore, all online marketing strategies have become more personalized thanks to machine learning.
By using a combination of machine learning and sentiment analysis, companies can provide users with customized searches.
The translation industry is threatened by artificial intelligence.
Since machine learning algorithms have become more advanced, translations are now handled automatically.
So, the role of a human translator is almost 30 percent of the whole process.
Reason for this is that now translation tools use more sophisticated form of machine learning, that is called deep learning.
Therefore, the translation software can identify context and provide more accurate results.
Goal of every company is to perform well in the market.
Are you looking to make technology help your business in disrupting the target industry vertical?
Brainstorm with Techliance to take your next tech challenge now.