Entrepreneurs are often at the forefront of innovation, pushing their boundaries to create better products and to make the world a better place. Entrepreneurs had a major contribution to the development of some of the biggest inventions ever created. Due to that reason, they always have to keep an eye out for new technologies and new trends.
Although it’s often hard to keep pace with tech since it’s evolving so fast, there are a couple of outstanding new technologies that seem very promising. We’re going to showcase in this article the three most important technologies that every entrepreneur should keep an eye on.
Internet of Things
The Internet of Things is an ever-growing trend in the technology world. Physical products can be connected to the internet through this technology, allowing them to perform a large number of day-to-day useful tasks.
Everything can be interconnected and linked to the internet, doing your daily activities, saving you lots of time. Refrigerators can order more of your regular products when you’re running low on them. Smart homes can open up the blinds or turn on the light automatically. And grills can help you cook better food.
Due to its nature, IoT should represent an interest for any entrepreneur, especially for those producing physical goods. Through IoT, entrepreneurs can create better and more unique products, gaining a solid competitive edge.
Artificial Intelligence
Artificial Intelligence has the potential to become the most important technology ever invented by humans, propelling our society into an era of greatness, if applied correctly. What once was science-fiction, is now becoming the standard for the tech world.
AI has a large number of use case scenarios that are closely related to the field of entrepreneurship. Self-driving cars, virtual personal assistants, customer support and various e-commerce implementations are all current use-case scenarios that entrepreneurs should be interested in.
Artificial Intelligence has a useful application in the field of gaming, which represents an interest for many entrepreneurs. Such intelligent algorithms managed to get better than any humans at certain types of games.
Poker and other casino games represent something that AIs are really good at, surpassing even professional players. The algorithm can also be used in training rooms where real humans can play casino games with the algorithm to improve their gaming skills.
Certain casinos are using slots powered by AI algorithms to run the games, ensuring the randomness and giving players a better gambling experience. Users are already playing slots with the computer in regular casinos like Gametwist but, with the implementation of AI, the whole game can get even better.
Although the current state of AI is mostly based on machine learning, future algorithms have the potential to attain states of consciousness closer to humans, as soon as 2050.
Blockchain
Blockchain can constitute the base of our future economy, and power up countless other industries in the process. Since its implementations are highly related to the business world, entrepreneurs should pay close attention to this technology and trend.
The blockchain technology is currently fueling a whole alternative economy. It is the reason why the world-famous cryptocurrencies like Bitcoin are alive. Blockchain is also behind Facebook’s new currency and payment system called Libra, which can empower millions of people located in weak economies.
The technology also has plenty of use cases in the transportation world, allowing people to easily track the shipped products. This means that fewer products will get lost while transported over long distances. As institutions and large companies will start showcasing more interest, the tech will keep on getting better.
Conclusion
Any technology that makes things better, faster or cheaper will get widely adopted sooner or later. Even if it might take a bit more time until the three emerging technologies mentioned above will become mainstream, their success is ensured. For that reason, entrepreneurs should constantly keep an eye on the evolution of IoT, AI, and Blockchain.
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