Hello guys, welcome back to our blog. Here in this article, we will discuss the top 07 digital technologies entrepreneurs are interested in investing in. We can also say which tech sector is attractive for entrepreneurs and investors.
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Top 07 Digital Technologies Entrepreneurs
Digital technologies are booming nowadays and also generating a lot of revenue for investors and entrepreneurs. It will not only generate revenue but also make things smart. The top tech brands in the world like CS Electrical And Electronics, Amazon, Google, Facebook, Reliance, and other tech brands are focussing on these digital technologies. Let’s start one by one in reverse order.
The 7 digital technologies are:
- 5G
- Internet Of Things (IoT)
- Artificial Intelligence (AI)
- Biometrics
- Quantum Computing
- Immersive Tech
- Distributed Ledger Technology / Blockchain
The tech entrepreneurs and investors who have interested to invest in distributed ledger technology or blockchain technology are 3.4%. As we all know that blockchain is one of the booming technology.
It is the latest technology where the data is stored in verified, unchangeable, tamper-proof, and immutable ways. In today’s world, the internet is hackable, and tempering data is possible, but these things can be avoided by using blockchain technology.
In the blockchain, once the data is stored it can not be changed again. Blockchain gives us only two options create and read, we can add new data into records and we can read the data.
In other words, blockchain is a technology that is growing rapidly that keeps the permanent record of all the transactions done by us in a secure and immutable way in a decentralized distribution network(which means data is stored in many systems).
Applications of blockchain
- It is used in Cryptocurrency (Bitcoin, Ethereum, altcoin, litecoin).
- Used in the smart contract (It is handled autonomously the fulfillment of a contract without needing a third party).
- It is also used in digital voting.
- Government registration of land.
- Transportation and supply chain management.
- And in many places where data need to be stored permanently.
Read the article: Blockchain Technology, History, Working, Applications, Advantages
The number of entrepreneurs and investors who have interested to invest in immersive tech is 6.6%. Immersive technologies build separate incidents by combining the physical world with digital or pretend reality. Augmented reality (AR) and virtual reality (VR) are two main kinds of immersive technologies. These technologies convey many of the exact qualities.
We are surely spending most of our time looking at screens like laptops, TV, or cell phone. They have become a big part of our lives and we are in the other two technologies that are changing the way we use screens. Creating new and assigning experiences both in a different ways. The market for AR and VR products in 2018 was $17.8 billion but by 2022 it is expected to go as high as $250 billion. AR and VR both are two different things and each has its strengths and weaknesses.
Emerging yourself into a totally different world that is the Virtual world is the whole concept of VR technology. The use of computer technology to create a simulated environment of which will become a part and can live that experience. The machine called sensorama is an example of immersive multi-sensory technology.
Augmented reality is when a person’s real environment is supplemented or augmented with computer-generated virtual images. Scientists have been making great advancements in improving augmented content usage and the high definition wide-angle view. There is also the concept of smart lenses it is similar to a lens but helps in creating AR content and that too without using external devices but just your eye. With AR we can interact with stuff right infrastructure of you and can manipulate it and it completely creates a new environment around us.
Read the article: Difference Between Virtual Reality And Augmented Reality
The total percentage of entrepreneurs and investors who have interested to invest in quantum computing is 7.9%. A quantum computer that’s great and dedicated sufficiently to beat classical computers at useful applications like cracking cryptographic codes and forging chemistry is likely even a long way off.
On the different hand, Quantum computing utilizes qubits that can be both 0 and 1 simultaneously. This permits multiple calculations to be accomplished simultaneously, so quantum computing is effective. It’s also why it’s noticed as the end of data science and artificial intelligence.
The total percentage of entrepreneurs and investors who have interested to invest in biometrics is 12.7%. Biometrics is the measure and statistical investigation of people’s unique biological and behavioral aspects. The technology is primarily utilized for identification and entrance control or for recognizing someone who is under supervision.
It concerns utilizing biometric security software to automatically identify people based on their behavioral or physical characteristics. The biometric technology presently utilized most frequently in physical access control is fingerprint recognition because of its lower price.
The total percentage of entrepreneurs and investors who have interested to invest in artificial intelligence is 14.5%. The term that is “Intelligence” refers to the processing capability of doing everything, therefore, every computer is intelligent. However, AI is like a human brain.
Possibly we can say that it means “non-natural understanding” natural understanding are we human beings. AI in some sense is an engineering inspired by biology.
AI is a branch of science that deals with helping machines find solutions to complex problems in a more human-like fashion or way of thing. In AI, an “intelligent system” is one that exhibits the behavior normally associated with human intelligence. Defining intelligence in computer systems can be problematic since intelligence can be defined as something that humans being possessed and computers do not.
In AI, however, an “intelligent system” is one that exhibits behavior normally associated with human intelligence. A machine that performs complex diagnostic procedures and pattern matching is considered intelligent. AI (Artificial Intelligence) is a branch of computer science and also engineering that deals with intelligent behavior, learning, and adaptation in machines.
The ability of a machine to perform those activities that are normally thought to require intelligence and which brings common sense, expert knowledge, and superhuman reasoning to computers.
The total percentage of entrepreneurs and investors who have interested to invest in the internet of things is 21.9%. Internet of things refers to the interconnection via the internet of computing devices embedded in everyday objects like CCTV cameras, enabling them to send and receive data. In the internet of things, data is everything.
There are some more important points related to the internet of things.
- 01. The scope is not just limited to getting the devices connected or networked, it is more than that.
- 02. It is more about the exchange of meaningful information from one device to another to get another meaningful accomplishment.
- 03. But this data has to be interpreted correctly and it needs many other things to come hand in hand, many technologies to work side by side. If you just get the data from the sensors without understanding how to use it or where to use it, it is useless hence, interpretation matters a lot.
- 04. To build IoT things, you need engineers from different domains, a mechanical engineer has to work with electrical engineers and computer science engineers for a complete IoT product.
Read the article: Internet Of Things
The total percentage of entrepreneurs and investors who have interested to invest in the 5G is 32.9%. 5G is a fifth-generation Technology that offers more power and features than a handheld phone. It is powerful and in huge demand in the future. It offers worldwide cellular phones, high connectivity, bright future. 5G is the biggest area in research and development.
There will be a significant increase in data rate, but there is a drastic increase in energy efficiency, frequency efficiency, spectrum efficiency, and efficiency of other devices. We require to increase the efficiency of all the devices and we want to reduce energy usage.5G is introduced to meet the data rate to meet the current demands.
By using additional higher frequency radio waves we can increase the speed partly. 5G network is composed of three types of cells in which each cell requires specific antenna designs. The speed of 5G ranges from 50 Mbps to over a Gbps. Low band spectrum efficiency offers the greatest range. To keep the bit error low 5G uses an adaptive signal coding system.
Advantages of 5G technology
- 5G is more efficient and effective.
- 5G network can be easily manageable with previous generation networks.
- 5G network has the possibility to provide uninterrupted connectivity across the world.
Disadvantages of 5G technology
- 5G Technology is still under process and research is going on.
- 5G Technology needs high cost due to developing infrastructure.
- Most of the old devices may not support 5G and they can be replaced.
This was about “Top 07 Digital Technologies Entrepreneurs“. I hope this article “Top 07 Digital Technologies Entrepreneurs” may help you all a lot. Thank you for reading.
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