The most recent breakthroughs in technology

In this day and age, technology is travelling at lightning speed and is exhibiting no evidences of scaling down so it's something extremely exciting to be an important part of and live through. Our private lives have grown to be highly dependent on the technology that individuals have put together. Analysts have also recently made many breakthroughs in machine learning which mimic the function of genuine neurons. Other systems are still taking place, and others will take more than a decade to progress. Let's move on to learn about some of the hottest breakthroughs in this sphere.

Artificial intelligence seems to be almost everywhere these days, yet lots of individuals can still learn a lot from its capabilities. This involves using extensive amounts of data to teach computers to perform a specific task. AI technology has made its way into a lot of products and services along the lines of facial recognition and voice assistants in smartphones and on social media. Professionals like businessman Richard Li will no doubt be excited about these digital advancements. Artificial Intelligence is certainly a new hot topic and a large number of investors are running to invest in start-ups who are leaning towards this.

The next big stride forward will be from 4G to 5G which is expected to support the growing Internet of Things (the evolution of this will enable us to have the internet and some form of technology engrained in virtually everything we do). 5G will be a giant leap allowing split second reactions as well as less battery power needed to connect, meaning appliances can last a lot longer. This evolution will help to connect cities so they are better able to connect and develop genuine tech hubs. As a result this will make organisations more efficient at what they do. Writer Chloe Cornish discusses this further saying that the estimations for spending on the IoT could be nearly as much as 132 billion dollars by 2020.

Digital technology knows no bounds and is even transforming the appearance of the banking world. Chris Skinner is saying banks will seek to use these technologies to cut down on costs, automate various processes and distinguish service levels through data insight. Online banking has virtually made it conceivable for people to access banking services from anywhere in the world quickly and conveniently. A lot of banks offer online portals where you're able to log on and track all your spending habits over the past months making it much easier to keep a record of things. Banks are even trying out and testing brand new wearable apps for example on smartwatches. In addition to this technological advancements have made possible for boosted data protection and management of sensitive information when compared with the previous manual methods of locking down bank data.

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