Digital and technological revolution has transformed the way the world is functioning. A plethora of emerging technologies is continuously bringing about radical changes. Even the COVID-19 pandemic has a silver lining to it. The world is seeing more innovations now than ever before. Developing countries like India are also leveraging technology to improve the way people are living.
If we talk about technology trends, we can go on forever. However, today, as India celebrates its 74th Independence Day, we have compiled some of the best technology trends that are envisioned to shape India’s future.
Virtual Meetings and Online Education
Even before the unfortunate spread of the virus, online education was expanding gradually in India. However, the pandemic has made the recourse to virtual meetings and online learning the need of the hour.
Online education is the new norm for school students to post-graduate students. Dedicated educational applications have witnessed tremendous usage as students have moved online to continue their learning. A few colleges are even conducting online tests and examinations.
Similarly, several companies, including Google, have asked their employees to work from home. These companies are dependent on virtual meetings to coordinate the work. Zoom, Cisco Webex, Google Meet, etc. have become the best friends of these companies.
Given the current success, it is anticipated that some activities will persist even after the pandemic is over. Twitter, for instance, announced that its employees could work from home ‘forever.’
5G is the next step to marking a digital revolution in India. It is poised to revisit the way society functions. 5G has paved the way to spectacular internet speeds, smart hospitals, automated vehicles, agricultural programs, among others, disrupting the healthcare, farming, and manufacturing industry.
The fifth-generation mobile network offers a high quality of coverage through network slicing. It also provides the basis for India to start influencing 6G standards and use-cases. This is important to reinstate the economy of India.
The 6G program is expected to run for the next 8-10 years with an aimed internet speed of a whopping one terabyte/second. It is difficult to even comprehend the significance of this speed. Perhaps 6G research will establish the standards over the next few years, and hopefully, it can be used to better the various industries.
AI and Robotics
The innovations of the past decade have made AI an integral part of life. Humans were able to automate Herculean tasks, thanks to AI. While many fear that AI will result in a loss of jobs in the future, experts believe that it will only lead to change in the types of jobs. The monotonous tasks will be handled by intelligent systems so that humans can focus on better tasks.
A study conducted by Oracle and Future Workplace showed that India and China had adopted AI almost twice as faster as other countries such as Japan and France. In fact, 60% of Indian employees are looking forward to the wonders of AI. Smart robots, even with their own share of cons, can transform the way industries operate.
The first time digital payments became mainstream was during the historic demonetization. India has not looked back ever since, and the pandemic has only spurred digital payments.
Fintechs have made a mark with the contactless payment ecosystem, especially the Unified Payments Interface (UPI), which allows real-time money transfer between bank accounts. Paytm, PhonePay, Amazon Pay, Google Pay, among others, have dominated the digital payment landscape. Moreover, 2020 also saw the landmark Supreme Court ruling, which lifted all restrictions on cryptocurrencies.
As for the future, experts believe that biometric authentication will take over the traditional PIN-based payment system to give consumers a hassle-free experience.
Harshil Mathur, CEO, RazorPay stated:
Virtual Reality and Augmented Reality
A transition from traditional learning methods to experience-based learning has increased the importance of innovative technologies like Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality – integration of AR and VR. Founder of one such VR startup Veative, Ankush Aggarwal stated:
Several industries are also applying Mixed Reality. It has groundbreaking applications in business, manufacturing, arts, and entertainment. This year, MR went mainstream when Reliance Jio acquired AR/VR startup Tesseract, which promised MR products such as Quark camera, Holoboard headset, and the high internet speeds of Jio Fiber.
Read More: WireX – August Issue