The Technologies of the Future and How They Affect the Workplace

Technology is changing the world at a rapid speed. From smartphones to robots, we are always connected and are able to stay in contact at all times. The communication is no longer done face-to-face or even via handwriting, but instead through texts, voice assistants and video calls.

The advancements in technology have improved the quality of our lives from generation to generation. There are risks particularly in relation to the job market. Many worry that new technologies could replace human jobs, and this may occur in a certain degree. However, we have learned from history that the elimination of some jobs is offset by the creation of other, better, jobs.

Artificial intelligence, robotics and natural language processing are already transforming the workplace. We are also seeing the impact of drones, 5G networks, blockchains and quantum computing.

These technologies will transform the business process with increased levels of automation as well as connectivity and security. Blockchains, for instance are reshaping the supply chain by making it more secure and allowing an indestructible record of transactions. And 5G will allow businesses to process data more closely to where it came from (ultra-low latency) and achieve data sovereignty, and improve data privacy by reducing transmission costs.

Virtual reality and augmented reality are changing the way we interact with digital devices and information. They create immersive experiences that appear and feel like real life. We’re also seeing significant advances in areas like gene editing, which could reduce the prevalence of genetic disorders from hereditary diseases, such as cystic fibrosis to muscular dystrophy and could even extend our lives.

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