AI, VR and AR: all the acronyms as we look out for technology trends in 2020

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Technology is an ever-expanding concept; its evolution is rapid and predicting trends can often be a difficult task. Change and progress increases in speed, but here are some trends to try and look out for.

Artificial Intelligence (AI)

First of all, Artificial Intelligence (AI) are computer systems created to replicate human intelligence and fulfil objectives in a faster and more accurate manner – a scary thought.

Five out of six Americans use AI every day – whether that’s, for example, navigation apps or streaming services. But, away from consumer use, AI is used to recognise images, speech, patterns and decision making but to also schedule trains amongst other things such as improving business efficiency in money-saving tasks.

With AI comes the subset of Machine Learning. It does what it says on the tin – learning something which it is not programmed to learn through discovering insights and patterns in data. It is a market which is predicted to grow by nearly $9bn by 2022.

Virtual Reality and Augmented Reality

VR (Virtual Reality) and AR (Augmented Reality) are closely linked. VR immerses a user in a digital world whilst AR enhances that world. Google, Samsung and Oculus are key players in the VR industry, but more companies are likely to delve into the VR environment in 2020, particularly gambling platforms such as online bingo sites to enhance the experience of bettors.

AR, meanwhile, has already experienced a tremendous boom with games such as Pokemon Go entertaining users for hours and days at a time.

But, both VR and AR have unlimited potential; marketing, entertainment, education are just some of the directions in which both can go. The opportunities are endless.

VR

Edge Computing

Edge computing’s goal is to keep traffic and processing local to restrict latency. It exists “on the edge”, nearer to where computing occurs. This focus on the edge originates from the need for Internet of Things (IoT) systems to provide disconnected/distributed abilities into the embedded IoT world.

In essence, edge computing can be utilized in processing time-sensitive data in remote locations where there is limited or no connectivity to a centralized location. And, by 2025, this market is expected to reach nearly $16.55bn.

Blockchain

Offering useful security, blockchain allows network participants to trace assets to their origins and enables those participants to interact safely in a digital world. This chain of data that is created means that none of the data can be changed, rather only added to with transactions able to go ahead without an overseer.

blockchain

Although blockchain is currently plagued with technical issues such as poor scalability, that is likely to change in the future through the creation of trust, transparency and value exchanges across businesses, particularly amongst betting sites where trust is difficult to establish.

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