IT has been known to have a great impact on the global economy and has been linked to marketplace transformation, better standards of living, and international trade, among other things.
Here are some IT trends that are expected to further boost the economy in the near future.
IT Trends That Will Boost Economic Growth
Artificial Intelligence
This is the use of robots and artificial intelligence to carry out task previously done by humans. AI tech and its related technologies will help boost economic growth by creating many new jobs, increase production efficiency, reduce costs, and improve the quality of products.
5G
5G is the next generation of mobile wireless network technology. It is believed that 5G will improve customer experiences and business utility via effective connectivity and faster data transmission.
5G stands as a change from previous generations of mobile technology. It enables lower latency, thereby reducing the time signals need to travel through the network. This makes it possible for it to support a wider range of applications, robotics, and the Internet-of-Things (IoT).
Blockchain Technology
The use of blockchain technology has grown steadily over the years. The healthcare sector is the major user, closely followed by financial institutions. Blockchain technology has a lot of untapped potentials, as it helps to improve transparency, reduce transaction costs, reduce frauds, increase overall operating efficiency, etc.
Three-Dimensional (3D) Printing
3D printing is rapidly changing the way we live and conduct businesses. 3D technology is already being used in several industries for a wide range of purposes. It will also be of great use in the healthcare sector, manufacturing industries, and so on.
To learn more about these and other IT trends, check out the infographic here.