Emerging technologies

Technology has long become an integral part of human life. Progress never stops, and awesome ideas or inventions are introduced regularly. They change lives, open new horizons, provide opportunities for further growth and development.

Technology has long become an integral part of human life. Progress never stops, and awesome ideas or inventions are introduced regularly. They change lives, open new horizons, provide opportunities for further growth and development. Today we’d like to look at five emerging technologies that have revolutionising potential and are worth keeping an eye on.

AI Image Generation

AI image generation has been around for a while, but it’s become extremely popular and widely used only recently. Midjourney by Discord, Dall-E 2 by Open AI and others enable their users to create stunning images from worded prompts and imagination is the only limit.

There are several advantages of using AI to generated images, apart from it being a fun experience. It’s fast, free and easy. So easy that The Economist and Cosmopolitan both presented AI created covers and, according to Cosmopolitan, ‘it took only 20 second to create’.

Unlikely that it will be the end of digital artists and illustrators, at least not in the foreseeable future, but it does present a competition. AI is a great solution to create content-relevant images for those with limited or no budget, but overall, AI art still looks a bit wonky and disproportionate to be considered true art.

Mastering AI image generation is also a great way to ear some cash. Shutterstock as well as some other print-on-demand websites allow to upload and sell AI artwork. And let’s not forget about the NFTs!

Extended Reality (XR)

Extended reality refers to immersive technologies, such as virtual reality (VR), augmented reality (AR) and mixed reality. AR combines the real world and the virtual world, whereas VR immerses a user into a virtual world, giving a perception of being physically present in a non-physical world.

Even though the most popular application of extended reality is in gaming, it’s not limited to that. XR is widely used for military and workplace training, real estate, education, and e-commerce. NIKE, for example, launched a VR showroom in ‘metaverse’, enabling customers to dress their avatar in special Nike virtual products.

Fun fact about gaming – there’s a VR headset that kills you in real life if you lose a game. Way to make gaming experience even more realistic! Would you dare to play?

Quantum Computing

Quantum computing is the one of the ‘hottest’ emerging technologies, but it’s still mostly an area of study focused on the development of computer-based technology that harness the laws of quantum mechanics. The idea is that such computers will be able to solve problems that are too complex for classical computers or even super computers due to the ability to crunch vast amounts of information in short periods of time.

Even though quantum computing sounds very technical and abstract, it will be indispensable in… Surprise-surprise… Weather forecasting! Weather analysis is not done by traditional computers and sometimes it takes even longer than it does the weather to change. Pair quantum computing with quantum machine learning to recognise patterns, and scientists will be able to predict extreme weather events!

Low Code

Low code development is, essentially, a development environment that allows developers to build applications not by writing thousands of lines of code, but by using graphical interface.

Just like with AI Image generation, low code revolutionises software development. One no longer needs developers to build a website o app. WordPress, Squarespace and others have provided a solution to build sites customisable for multiple devices. Mail Chimp enables marketers to create email campaigns and ads by using its drag and drop functionality. Voiceflow helps build conversational assistants.

Internet of Things

Internet of things is a network of connected devices and the technology that allows communication between the devices and the cloud to collect, analyse and exchange data. It offers numerous benefits to organisations, enabling businesses to monitor business processes and improve customer experience with sensors, devices, and platforms. For example, boosting logistics with smart pick-up points that are connected to internet and notify shoppers when their purchases are available for pick up. As such, IoT is one of the most important technologies, especially for business, and will undoubtedly be gaining more and more popularity.

At Tencoins we do love to stay informed about the technologies that have a potential to reshape the world. Follow our blog to keep being on top of these and other tech trends. And if you have a cool project in mind, contact us, and let’s revolutionise together!

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