Today, we have the ability to do many things that were not possible a few years ago, all thanks to phenomenal growth in processing power, cloud storage and bandwidth. Due to technological innovations like processing power, cloud storage and bandwidth, the way of living has changed. Technology is evolving day by day and it has changed the way we humans live, purchasing products, communicating, travelling, learning and perhaps a variety of our day-to-day activities changes now go by unnoticed due to these constant technological advancements.
Some people believe technology is a boon while others disagree. Technology is like two sides of a coin; it can create enormous problems and it can also solve mind-boggling problems with relative ease.
We live in an era where individual preferences change rapidly, which also influences the demand for innovative technology. The demand for technological advancement is high simply because almost everything that we use has been innovated and upgraded to better standards, for instance, the transformation of “Vintage phones” to “Smartphones” has revolutionized our daily lives.
A variety of industries have been revolutionized and advanced with the help of technology. Here are the industries using technology:
Agriculture Adding Value with Advanced Technologies
Many developing countries are still largely ‘Agriculture Economies.’ The majority of the population relies on agriculture for their livelihood either directly or indirectly related to agriculture using traditional methods in such countries. That’s why the adoption of emerging technologies in agriculture has grown at a fast pace. The core reason behind this is the tremendous value it brings to farmers and landowners. In the agriculture industry, emerging technologies like IoT, AI, Blockchain and Big Data are helping farmers under the category called “Precision Agriculture”, which is changing the way farmers manage their crops.
The agriculture industry adopts emerging technologies for unpredicted events, weather forecasts, resource or knowledge limitations, and poverty prevention. In the agriculture industry, farmers frequently face uncertain crop damage and insurers also undergo financial losses due to small insurance contracts that ensure protection with small premiums, which leads to high overheads and low profits. To overcome these challenges, Cygnet helped the emerging start-up in taking an ambitious leap with its path-breaking blockchain-based solution.
The core value that emerging technologies bring to agriculture includes:
- Monitoring the resources like chemicals, fuel, water, fertilizers etc.
- Enhancing the quantity and quality of crops
- Higher yield in the same amount of land
- Reducing environmental footprint
- Analyzing Earth Observation Data
- Weather forecasts
- Moderate Risks
Healthcare Under the Influence of Technological Advancement
The influence of technological innovation reached healthcare making it more advanced. In healthcare, technology plays an important role in almost all procedures from patient registration to self-care tools. Especially, devices like tablets and smartphones have replaced conventional monitoring and recording systems. Thanks to technological advancements, patients can now have access to full consultation in the privacy of their own homes.
According to Transparency Market Research (TMR), the growth in the global digital health market is anticipated to rise at a CAGR of 13.4% between 2017 and 2025, reaching $536.6 billion by the end of 2025.
Emerging technologies like IoT, Wearable technology, AI and Cloud have contributed to services being taken out of the confines of hospital walls and integrated with user-friendly, accessible devices. Not only this but there are also many advancements in healthcare that have emerged with the rise of emerging technologies. Here are a few:
- Electronic health records
- Self-service kiosks
- Remote monitoring tools
- Sensors and wearable technology
- Real-time monitoring services
- Voice-assisted devices
- The Cloud Storage
Cygnet Digital helped a US-based medical billing company that provides medical doctors medical billing software as well as powerful computer support in the Healthcare industry with an Electronic Medical Records (EMR) system to save exponential time and cost.
Transportation Taking New Road to Innovation
The transport industry is currently undergoing significant changes thanks to transformative transportation technologies. Although we have become familiar with jam-packed public transport and long international flights, the future transportation is on its way to change these situations very soon and it is amid a revolution. Emerging technologies like IoT and AI are advancing the efficiency of current transportation methods along with the new inventions that are self-confident to reshape the way people move on the roads.
The Internet of Things and Artificial Intelligence assures that all people and vehicles are connected through the same networks and collects the necessary data. These highly connected networks could possibly help in utilizing some important features of our daily driving for:
- Route Planning
- Accident Prevention
Cygnet Digital helped a UK-based ISV in developing an engaging and innovative smart transport and traffic management system which modernized operations and enhanced the bus passenger experience. The real-time passenger information in the system assisted the travelers with all the real-time updates helping them to plan their journey well. Air quality monitoring allowed us to check the quality of air and estimate pollution levels. The entire system is running live in various countries of the UK and Australia.
- Air quality monitoring
- Real-time passenger information
- Fault and asset management
- Strategic control and command
- Adaptive control platform for real-time traffic
- Travel information portal
As inferred from these applications of technology, we are on the brink of substantial breakthroughs that can make the lives of people better and address the burning issues on the planet ranging from plastic waste, and wildlife depletion to cleaning of the oceans to addressing pollution.
It is the beginning of innovations of all kinds of technological advancements which will simplify the way we do things, save time, increase production, and simplify communication between individuals or between humans and machines.
Emerging technologies have had a profound impact on various industries, and they are being used for the good of mankind. In agriculture, emerging technologies such as IoT, AI, Blockchain, and Big Data have been used for precision agriculture, resulting in higher crop yields, reduced environmental impact, and more efficient use of resources.
In healthcare, technologies like IoT, Wearable technology, AI, and Cloud have made healthcare more advanced, and patients now have access to full consultation in the privacy of their homes. In the transportation industry, IoT and AI have advanced the efficiency of current transportation methods, and self-driving cars and other innovations have the potential to revolutionize the way people move on the roads. These technologies have tremendous potential to improve the quality of life for people all over the world.
Do you have an innovative idea that needs an out-of-the-box IT solution? If you want to explore the benefits of deploying emerging technologies in your organization then get in touch with experts at Cygnet Digital today.