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5 Tech Trends to look out for in 2020

10 months ago by Nathan Baldwin

Jason Leung P Slig2 E Gaw Unsplash

2019 has been a tumultuous year for the tech industry, it has seen social media become a controversial platform for launching political campaigns, Apple condemned for their involvement in Hong Kong’s fight for independence and AI continuing to scare people across the world.

There have also been some amazing breakthroughs; 3D printing is continuing to enhance medical services and the lives of thousands of people across the world. Nano-technology is on the verge of promising a better, brighter, smarter future for everybody and space travel has opened its doors to the public. As a decade defined by technological advancements comes to a close, we look at the new tech trends that will define the next ten years.

1. A better, brighter, smarter future: Nano-technology

2019 has seen the demise of the traditional silicon microchip. The once revolutionary technological breakthrough that has made so many great things possible, has hit terminal velocity. Silicon based microchips simply cannot provide the power needed to sustain global demand. However, Nano-technology is paving the way for new technological developments in the microchip industry.  A team of scientists are using nano-technology to create ‘junctionless’ transistors, a component that was greatly hindering the traditional microchips. Without the need for electronic junctions, nanochips will offer a faster, more powerful and cheaper alternative.

 

2. To infinity and beyond: Commercial space travel

This year the dream of commercial space travel came that much closer to becoming a reality as Virgin Galactic hit the stock market. The news meant that Branson wasn’t messing about when he promised to launch the worlds first commercial space aircraft. The space crafts are almost ready as they complete final checks, and the first commercial journeys are set to take off sometime in mid-2020. 600 people have already bought a ticket, which would set you back $250,000. If people are willing to pay that price already, it’s just a matter of time before commercial space flight becomes the norm.

 

3. “They took our jobs!”: Artificial Intelligence

AI has perhaps received a bit of a bad rap from the media over the last few years, with popular media and especially the film industry sensationalising it as an evil superpower hell-bent on taking over the world. However recent breakthroughs in AI have shown that instead of replacing us obsolete humans, it can work simultaneously alongside us to help improve our world. AI is playing an increasingly important role in industries such as healthcare, making the process of managing thousands of patients’ data easier and more cost effective. For better or for worse, AI will certainly become a part of every day life.

 

4. The sky is the limit: Data Cloud Technology

Cloud storage has quickly revolutionised the way businesses store, manage, interpret and share their data. Tech giants such as Google, Microsoft, Apple and Oracle are currently competing to be the biggest and best provider of cloud storage in the world, and it’s clear to see why. Data is playing an increasingly important role in our lives, it is helping to shape our political decisions, buying habits and view of the world. As competition between cloud providers increases, so too will the capabilities of cloud technology.

 

5. Say goodbye to those greedy bankers: Online banking

Over the last year the digital banking industry has exploded, with companies such as Starling and Monzo offering customers something that a traditional bank could never do… make finances fun! In 2019 just over 1 in 10 Brits switched to a digital-only bank. According to statistics released by Finder.com two-thirds of banking customers say they plan to convert to fully digital banking in the future. Watch this space!