Latest Technology Trends Impacting Businesses

The IDC Worldwide Semiannual Digital Transformation Spending Guide reports that “the global annual spending on technologies & services is about to hit a whopping $2.3 trillion”. This comes at a 17% compound annual growth rate of 5 years.

Here, we will be talking about 2 of the most prevalent trends of 2021: 5G Technology & Autonomous Driving.

5G Technology — Shifting Businesses in 2021

While 5G as a term has been buzzed about for half a decade, it does impose a revolutionary impact of some kind. Simply put, 5G refers to the fastest mobile communication standard “Fifth Generation wireless cellular network”. Huawei states that 5G will provide connections for at least 100 billion devices and a 10 GB/s individual user experience of extremely low latency and response times. Want to know what that means? Think of it this way: a 2 hour movie that would usually take 8 minutes to download using 4G, will be downloaded in a whopping 3.6 SECONDS using 5G. Will you be able to access this wonderful creation? Yes. We expect this open up a massive pool where new technologies will prosper, one of those would be actual 5G smartphone variants to utilize the technology to its maximum capacity. Other trends expected to thrive on 5G include Self-driven cars, bringing us to our next trend “Autonomous Driving”.

Autonomous Driving- Driverless Cars?

It is no secret that the phrase “driverless car” is synonymous with industry giants Tesla, Alphabet, & Waymo. Tesla is already working on creating autonomous vehicles that they anticipate would take over the road with “Robo-taxis”. This comes after years upon years of technological breakthroughs that bring to life the concepts of automated braking, lane-changing, & other in car systems. Tesla states that these systems are being streamlined through data capture & analytics. While the prospect of that sounds very exciting, we’ll just have to wait until it becomes a reality to make the decision: will I ever trust a driverless car? Until then, find out how YOU can automate parts of your business [here](Products | StemeXe for Automation (exceeders.com)).

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