The essential technology buzzwords you need to know for this year

Stay ahead of the incoming trends with this guide to the technology buzzwords you need to know for the next 12 months.


Woman uses futuristic interface in dim lighting

In the modern workplace, keeping up with modern tech trends can feel like catching sand. Constantly changing, developing and innovating, it can be something of a mammoth task trying to keep up with all the new-fangled buzzwords and gadgets which crop up over the course of the year.

Staying up-to-date with upcoming tech changes is easier said than done, but a basic understanding about where things are heading is a good solution. Not only will this provide a chance to take advantage of market opportunities, you’ll open yourself up to conversations surrounding this new technology. Prepare yourself and stay ahead of the incoming trends with this guide to the technology buzzwords you need to know for the next 12 months.

Artificial Intelligence 

What is it?

 

The autonomous intelligent behaviour of software or machines that have an uncanny, human-like ability to make decisions through capturing data about its environment, by learning from experience and making incremental changes.

What will it be used for?

 

The application of artificial intelligence has already been used for many different things, from beating the world’s best chess players to medical procedures.

Surgeons performing surgery on operation table

From a business perspective, its ability to mine data can help with everything from predictions, investment decisions to identifying anomalies in trends and patterns.

Why do you need to know about it?

 

Quite simply, because it’s not going away any time soon. AI has been a big buzzword for a long time now, and those in the know predict that by the year 2022, 40% of application development will involve AI in some way.

Internet of Things 

What is it?

 

A virtual network that connects several devices, working seamlessly through a single monitoring centre, to collect and share data about how they are used and the environments where they operate.

What will it be used for?

 

Extending internet connectivity beyond the usual devices means the IoT can control and maintain things not usually associated with the internet, including elder care, transportation systems and energy management.

Engineer using tablet to control automation robot

Why you need to know about it?

 

Theoretically, it should streamline and simplify the way we live and work; in the increasingly connected world, it’s the logical conclusion of our modern-day connectivity.

Quantum Computing

What is it?

 

Computing that uses quantum-mechanical phenomena that could theoretically solve certain problems much more quickly and feasibly than on a traditional computer.

 

What will it be used for?

 

Cryptography will likely be the most common use; think of a quantum computer like a turbo-charged Turing machine. It’s thought it’ll also be used for forecasting and aviation, as well as data analysis and interpretation.

Woman staring at screens with ID data displayed

Why you need to know about it

 

Because it could entirely overhaul what we know about computers, and when organisations like NASA are looking to utilise it, you know it’s a big deal.

Blockchain 

What is it?

 

A means of storing data that allows two parties to record transactions in an efficient, easily verifiable way. Each change is timestamped and contains a link to the previous data, facilitating verification and validation.

 

What will it be used for?

 

Popularly used with cryptocurrencies, it’s currently being evaluated for use in medical and banking records.

Why do you need to know about it?

 

It’s thought that Blockchain can save significantly on a company’s time and admin costs. Additionally, it could help to minimise human error without compromising on the speed of transactions.

 

Immersive Experience 

What is it?

 

Augmented reality, virtual reality and mixed reality all fall under the umbrella of immersive experience, a technological innovation that intensifies users’ perceptions of reality.

 

What will it be used for?

 

Smart glasses and 3D rooms have already leveraged its power, while Pokemon Go has proven augmented reality is a popular innovation.

Virtual Reality

In terms of business, DHL have used the technology in their logistics processes, making AR devices register the completion of delivery, reducing costs as a result.

What you need to know about it

 

Its potential has yet to be fully realised; being used by DHL, it’s not impossible to think it can be used to train people in further complex procedures such as flying planes.

Big Data 

What is it?

 

A set of data that’s so big, traditional analysis software has a hard time analysing it.

 

What will it be used for?

 

Large companies use vast amounts of data to glean massive insights about their customers, product research, marketing initiatives and much more.

 

Why you need to know about it

 

As a means of learning about your customers, big data is invaluable. Consider this: Germany used big data to learn about its opponents’ tactics and weaknesses to win the 2014 World Cup.

Robot Process Automation 

What is it?

 

Somewhat controversial, robotic process automation involves the use of software to automate business processes, usually repetitive tasks previously done by people.

 

Female engineer working on computer

 

What will it be used for?

 

Large companies use vast amounts of data to glean massive insights about their customers, product research, marketing initiatives and much more.

 

Why you need to know about it

 

It can serve to reduce both staff costs and potential human errors, but it could have vastly negative effects on the labour market as a result.

As ever, not all new technological advances will benefit your business. However, it is vital that you stay abreast of all upcoming changes, so you’re ideally positioned to identify which could benefit your operations and career.

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The views, opinions and positions expressed within this article are those of our third-party content providers alone and do not represent those of Gazprom Marketing & Trading. The accuracy, completeness and validity of any statements made within this article are not guaranteed. Gazprom Marketing & Trading accepts no liability for any errors, omissions or representations.

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