The advancement of technology is changing the world at a rapid pace. We are constantly connected, whether through our smartphones or robotics. The communication is no longer conducted face-toface or even via handwriting, but through voice assistants, text messages, and video calls.
The advancement of technology has changed our lives in remarkable ways, and has improved the quality of life from generation to generation. There are risks particularly when it comes to the market for jobs. Many people are worried that new technologies will replace human jobs, and this may occur to some degree. But we know from past experience that the loss of certain jobs is offset by the creation of new, better jobs.
We are already seeing this happening in the workplace due to advances in artificial intelligence, natural language processing, and robotics. We are also seeing the impact of drones and 5G networks.
These technologies will revolutionise the business process by bringing in higher levels of automation connectivity, security and connectivity. Blockchains, for instance, are reshaping supply chains by making them more secure and offering unalterable transactions’ histories. And 5G will allow businesses to process data closer to where it came from (ultra-low latency) and attain data sovereignty, and improve data security by reducing the cost of transmission.
Additionally, augmented reality and virtual reality are reshaping the way we interact with digital devices and information, and creating immersive experiences that feel and appear like real life. We’re also witnessing significant progress in areas such as gene editing, which could reduce the prevalence of genetic disorders that stem from hereditary diseases, such as cystic fibrosis to muscular dystrophy and could even prolong our lives.
