The term disruption is the new normal in the business environment and these disruptions are technology driven. Key players are washed away when technological disruptions create new markets and business. In this blog, let us have a look at certain technology buzz words which disrupts the business patterns.
- Artificial Intelligence
Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and reacts like humans. AI can be used for speech recognition, image recognition, chat bots and sentiment analysis.
- Internet of Things
The internet of things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the internet and being able to identify themselves to other devices. The IOT run smart house include safety systems, plugs, thermostats, and many other tools that facilitate the living.
- Virtual Reality
Virtual Reality (VR) is the use of computer technology to create a simulated environment. Virtual reality is a simulated experience that can be similar to or completely different from the real world. VR places the user inside an experience. Virtual Reality creates an artificial environment to inhabit. The VR technology creates a convincing, interactive world for the user. It can be used in the field of entertainment, medical and clinical purposes, education and military.
- Augmented Reality
Augmented Reality (AR) is an interactive experience where information (sound, text etc.) and virtual computer-generated objects are combined with the real-world environment. In essence, components of the digital world blend into people’s perception of the real world through the integration of immersive experiences, which are perceived as natural parts of the real world. AR is used in retail, manufacturing, education and tourism domains which find utility of AR. The famous game Pokemon owes to AR.
- Block chain
A block chain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. It can be used in almost any product that uses some sort of record keeping or database management. Crypto currencies make use of block chain technology.
- Natural language processing
It describes the interaction between human language and computers. It would be nearly impossible for employees to log and interpret all that data on their own, but technologies integrated with NLP can help do it all and more. A few examples of NLP that people use every day are Spell check, Auto complete
Voice text messaging, Alexa and Google Assistant.
