5 Technology Trends In The Cards For 2020

Technology Trends

Any successful company knows that the only way to stay in business is by adapting to change. To resist advancements in technology is to hamper your own business’s future. If you’re looking at getting a headstart on your competitors why not consider implementing some of the below technology trends.

Digital Twin

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A digital twin is a digital clone of something living or non-living physical in the virtual world. Examples can include a virtual model of a process, product, or service. A digital twin can exist simultaneously with its twin in the “real world”.  

Benefits of a digital twin:

  • Quality control, 
  • Improvement & Optimizations of systems.
  • System diagnostics
  • Monitoring
  • Prediction of production outcomes 

Having a digital twin allows one to monitor the twin system, analyze data and resolve any issues found without it affecting the actual physical entity. During a simulation, one can prevent downtime, develop new opportunities, and plan for the future. Other benefits can include improvement in customer service, by better understanding the customer needs, upgrade existing products, operations, and services. Digital twins require an initial investment in machinery and software as well as any advancements in the future.  

Machine Learning

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Machine learning is the ability of computer systems to perform a task without explicit instructions, this is achieved by using algorithms and statistical models. Machine learning allows companies to analyze massive quantities of data. It goes without saying that a machine will not experience “Human-error” and therefore will deliver faster, more accurate results that can be used to identify profitable opportunities or dangerous risks.

Time spent on manual data entry can now be implemented by employees on tasks that add value to the business. Once calibrated correctly machine learning will be able to run manufacturing processes with very little human interference.  Some companies are confident enough in their Machine Learning to allow them to make decisions without “human-error” regarding operations. AI is able to operate other technologies that increase automation in business.

Machine learning can help businesses predict customer behaviors and purchasing patterns. With this information, you (or the machine) can provide the best possible offers to targeted customers. By analyzing customer behavior machine learning can improve customer loyalty. Ensure superior customer experience by assigning the customer to the most suitable customer service executive or use predictive algorithms to provide customers with suggestions of products they should enjoy.

Data Protection

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Year after year your company generates bytes upon bytes of data. Data protection now more than ever is of the utmost importance. 

“Data. Specifically data storage, analysis, and security. We generate an incredible amount of data across Lockheed Martin, and we’re always finding ways to put it to work more efficiently. We’re also developing new ways to protect and encrypt valuable data in space. Many companies are talking about data, and each year we see more wins – and losses – when it comes to data.” – Rick Ambrose Executive Vice President of Lockheed Martin Space

Commercient takes data protection very seriously and we have taken a stance to protect an individual’s data by ensuring enhanced security for individual data at rest, plus encrypted data in transit. Additionally, we conduct routine data audits using data processing logs to ensure that the data we process is secure. We’ve also developed systems to prevent data breaches. Recently we have implemented data deduplication, which removes redundant copies of data to reduce the storage capacity required for backups.

AI

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Artificial Intelligence is intelligence demonstrated by machines that mimic the cognitive functions of humans. 

In the future, all communications with customers will all be dealt with by AI smart enough to pass the Turing Test. An AI won’t become overwhelmed by an irate customer, it will be able to deal with any hurdles in a quick, calm, and professional manner. 

Unlike humans who have pesky needs that need to be dealt with on a daily basis, an AI can work 24/7 without rest or nourishment. This can come in handy if your company boasts having customers all over the world, who require assistance at any time.       

So how does a company actualize AI? 

“You need a lot of data to train AI to do that… if you don’t have that data you’re not going to be able to build an AI system,” Henry Baltazar is a Research Vice President for the Storage Channel at 451 Research. 

Many companies struggle with siloed data, especially between ERP & CRM systems. For an AI system to learn and adapt in needs easy access to all the data your company has accumulated thus far. Integrate your ERP & CRM Data with Commercient SYNC.

Hologram Technology

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A Hologram is no longer a piece of future tech you only see in Sci-Fi movies. A Hologram is the three-dimensional presentation of light scattered from an object.  

As previously discussed companies are generating more and more data, but where does one store it all? Holograms are capable of recording pure data, they have the potential to store absurd amounts of information. Prototypes can store over 4.4 million individual pages on a disc. Holographic memory offers the possibility of storing 1 terabyte of data in a sugar-cube-sized crystal. Holograms offer a unique form of long-term security, media stability, and reliability. Three-dimensional data storage will be able to store more information in a smaller space and offer faster data transfer times. 

As you can see above many of the new up and coming technology trends rely on data. Having all of your data in one place not only makes it easier for you to implement new technologies, but it benefits your company in multiple different ways. Discover how Commercient SYNC can benefit you, Contact Us.