8 Tech Trends to Keep Your Eye On in 2018

Today information technology is capable of doing so many great things. Still, we haven't entered into the 4th Industrial Revolution. The year 2018 has seen a great many changes in terms of technology and yet many more are coming in the days to come. So, let us have a look at the top 8 tech trends to keep your eye on in 2018 and the coming years:

1. Internet of things (IoT):

A recent report suggests that nearly 6 trillion dollars will be spent on IoT in the coming five years. This huge amount if investment itself suggests how it will revolutionize things in the near future. We have already seen Bluetooth connected alarm clock communicating with Wi-Fi-enabled speakers. The days are not far when every single thing in our homes such as microwaves and washing machines will be connected to the web. It will surely eradicate some of the major human inefficiencies.

How IoT works? check out below video...

2. Virtual Reality:

Virtual reality has started appealing to masses. Apart from gaming, it has touched several areas including startups providing high value-added services to the enterprises. From healthcare and fashion to military and business; from construction to entertainment; engineering, scientific visualization, and programming languages; virtual reality is almost everywhere. And even more is yet to come from this virtual reality.

3. Augmented Reality:

The popular Pokémon app that took the world by storm in 2016 marked just the beginning of augmented reality and its applications. Since then, giants like Apple and Google introduced ARKit and ARCore to create a massive impact on the industry. This technology has been used by several for developing applications in 2018. Many of the biggest brands are investing more and more to give a real life like experience to users.

4. Chatbots:

Chatbots have become a new trend in software space as more businesses and companies are investing in creating AI driven bots for better user experience. These chatbots are nothing but computer programs that allow you to have a human-like conversation with them. Companies are relying on platforms like Facebook and Slack for its distribution. These chatbots will prevail in several industrial sectors such as sales and marketing, travel, hospitality, and customer support.

5. E-commerce:

E-commerce business is flourishing like no other. A report suggests that nearly 83% of the US adults made a purchase from Amazon last year. As the world is going digital, this number will still increase in the coming year. We can see that online stores are becoming a convenient choice for most of us.

6. Artificial Intelligence:

Artificial Intelligence and Machine Learning are two technologies becoming center of attraction in several industrial fields. Though it cannot replace humans completely, there are certain areas where AI and machine learning can fully automate services using embedded technology. With AI driven virtual assistants and intermediary services, we can expect them to disrupt several jobs in 2018 and upcoming years.

7. Blockchain:

Blockchain mechanism has become a popular way of accessing information securely. Blockchain startups are finding ways to remove intermediaries like brokers and agents to form smart contacts and verify actions. Companies like Sparkle Coin are using Blockchain method to drive customers into purchasing products and services using cryptocurrencies. 

8. Subscription-based Models:

We have already seen groceries, clothing and several other products getting delivered at our doorstep based on one-time purchase; monthly or weekly subscription models are still coming our way. You will then get groceries delivered with recurring cycles as you pay the monthly fees. While these are just physical good that we are talking about, many companies working on ‘software as a service’ model are taking advantage of this new revenue model. 

These are some of the tech trends that are soon to blossom in the coming years. What's your opinion? Mentioned your thought in a comment section.