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Technology trends in 2021 accelerate digital evolution

Technology trends in 2021 accelerate digital evolution

These ten tech trends in 2021 will change our future, according to Ben & Company.

According to Bean & Company, there are ten top technology trends to keep an eye on in 2021. All of them relate to fast-forward digital evolution, and many of them are part of green technologies. These include megatrends such as the circular economy and Zero waste tech is involved.
In addition, better and individual customer service is at the center of new technology trends. This is crucial for the retail sector, which has been badly hit by the Corona crisis. Megatrends like Edge AI along with innovative workforce technologies are helping companies to ensure customer satisfaction. Perspective makes you reach a new level.

In addition, factories with access to 5G networks, as well as simple artificial intelligence applications’ performance are forecasted to see a significant increase. With the help of simple AI applications, broad groups of employees can run algorithms and improve their results Understandably. However, none of this works without a solid cybersecurity and data security system.

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At the same time, millennials are beginning to innovate various industries, starting with next-generation HR, aimed at recruiting talent in demand through creative HR models. Last but not least, the healthcare sector Digitalization advances: A growing storage of big data enables companies and insurance companies to offer custom-made solutions.

Top 10 Technology Trends of 2021

. Age AI
  . The technology of the workforce
. Circular Economy
. Zero waste technology
. Factories with 5G
. AI is for everyone
. Cyber security
. HR of the next generation
. Big data in the health sector
. Telematics Auto Insurance

1. The Age of AI

Edge AI is the next generation of artificial intelligence according to Bain & Company. Because Edge AI processes data and information closer to the user, more clearly on their final devices. Thus it changes the need for cloud computing for AI solutions Consequently, deployment of smartwatches and AI functions like this won’t have to send data to central locations for processing – which significantly slows the implementation of these smart functions.

Benefits: Low bandwidth requirement, performance, and speed, data security, cloud-free system
Technology trends in 2021 accelerate digital evolution.

2. Technologies of the workforce.

Especially in retail, companies often struggle with staff shortages in the store. Until now, this has led to a significant decrease in customer satisfaction. In addition, expensive overcrowding is often used as a preventive measure. But progressive workforce technologies should end this soon: they improve employee deployment by responding quickly and flexibly to an increase or decrease in worker need with automated systems.
Benefits: Cost savings through better employee utilization, better customer service, and agile needs planning.

3. Circular Economy

According to Gartner, circular economies should replace linear economies entirely in the next 10 years. Companies are moving from traditional transactional relations to a production and consumption model based on simple sales of products with existing materials and products Co is shared, leased, reused, and recycled. The main reason consumers and shareholders are shifting their values towards sustainability.
Benefits: Climate change control, less use of natural resources, and a flexible business model.

4. Zero waste tech

Zero food waste tech is especially one of the 2021 technology trends. Here’s the focus on the waste caused by the industry. The UN Food and Agriculture Organization has more than 30 percent of the other food is wasted or wasted every year. The Bain & Company, the use of waste-reduction technologies is set to revolutionize and significantly lessen the amount of food thrown by retailers all years.

Benefits: Reducing food waste, food protection, poverty elimination.

5. Factories with 5G

The shift from 4G to 5G networks should not disappear from technology trends in 2021. The quality of mobile communication is 100 times faster than 4G and should significantly accelerate the transition to Industry 4.0 and Industry Internet of Things.
Benefits: Super fast data exchange, real-time reaction, and reliable communication.

6. AI is for everyone

According to The Economist Intelligence Unit, banks and insurance companies expect an increase of about 86% in artificial intelligence investments by 2025. According to Ben & Company, consumer-friendly AI platforms play a key role in massive AI implementation. It enables employees to model and run algorithms faster and understand results more easily. It can lead to reliable and faster business decisions.
Benefits: intelligent data analysis, automation, reduction in human error, and faster decision-making.

7. Cybersecurity

According to Interpol, the coronavirus crisis has provided cybercriminals an unprecedented opportunity to ramp up their attacks. However, a study by Bain, most companies place their cybersecurity levels more importance. Only 24% met the requirements Recognizing the general IT security gap and protecting against cyber attacks is of central importance for a resilient digital organization.
Benefits: Data security, protection against cyber attacks, and thus a flexible digital organization.

8. The next generation of HR

By 2025, thousand-year-olds will make up about three-quarters of the global workforce. According to Bain, this digital-native pool of candidates demands a major innovation in recruitment. Therefore the next generation of HR is relying on innovative and creative recruitment models in future. Should. Away from traditional CVs towards clever and comprehensive methods – such as gamification or cognitive intelligence.
Benefits: Better HR team performance, instant recognition, and talent acquisition.

9. Big data in the health sector

The healthcare big data market is expected to reach approximately $70 billion by 2025, six times more than its price in 2016. It aims not only to enhance performance but also to optimize self-made adaptations to patient needs Also makes it worth it.
Benefits: Improving treatment and patient care.

10. Telematics Auto Insurance

The Usage-Based Insurance (UBI) market is projected to reach $126 billion by 2027. With 3.8 billion expected smartphone users in 2021, mobile telematics takes a step ahead with UBI, and insurance companies have built-in sensors and tracking technologies in smartphones Makes usable. The collection of real-time data enables a better understanding of consumers’ driving habits and individual insurance offers.
Benefits: More competitive insurance offers behavior-based insurance programs and increased driving safety.


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