As the new 2019 unwinds, there are certain tech issues that will be in priority for resolution. Last year was a rather bad one for tech and some people are concerned that 2019 will be no better.
What we can say is that the state of the technological future significantly depends on whether the issues described below will be successfully resolved.
This is a big one. In 2018, there have been quite a few huge hacks: Quora, Facebook, and Marriott. In the case of the last one, the data of approximately 500 million users were exposed – how bad does it sound?
There is a controversy about the state of the cybersecurity. Some people claim that companies need to have stricter punishments for the breaches or they should implement better security practices. However, as one of the engineers from Silicon Valley says, Google and Facebook have some of the best security teams in the world. So how can the problem of cybersecurity be fixed?
In its report, Wipro names Machine Learning & AI and Security Design & Architecture to be the top two security competencies for the upcoming years. As well, the company emphasized the importance of focusing on the following areas of cybersecurity:
• User identity verification;
• Device validation;
• Limitation of access and privilege;
• Use of ML for better analytical insights.
All these steps together will be able to enhance the security, thwart the hack attempts and help companies develop a better security strategy to protect the data and its users.
2. Technology and jobs
Another big concern is about technologies replacing people and eliminating jobs.
The biggest question is: will AI indeed take away the jobs, leaving hundreds of people jobless? Work automation is estimated to threaten about 800 million jobs – but in return, it will create even more.
The main point to keep in mind is: technology will replace tasks but not the actual jobs. The development of technology is aimed at improving the work processes and making them more accurate, faster, and hassle-free.
While technologies indeed can replace people who are doing mundane jobs, they also give the opportunity to learn new skills and apply them in the new digitized environment. So the invasion of technology can be seen as a chance to re-organize the work processes and sign human talents to more sophisticated and complex tasks.
In 2019, we will see more cryptocurrency and it will strengthen its presence.
Overall, this year seems to be a promising one in terms of cryptocurrency. First, we now observe a combination of decreasing prices and strengthened fundamentals, which is beneficial for those who want to increase their crypto holdings. Secondly, cryptocurrency becomes more widespread as a payment method, with some of the e-commerce stores listing it alongside credit cards or PayPal.
There are some constraints that cryptocurrency now struggles to resolve and 2019 expects many exciting projects related to this issue. For example, the Bitcoin blockchain can currently handle only 7 transactions per second – but there is an ongoing Lightning Network project that claims to eliminate this issue and leverage the Bitcoin blockchain performance.
The issue of privacy relates to the cybersecurity issue described above.
In 2018, the European Union introduced GDPR, which stands for “General Data Protection Regulation”. Among the others, one of its statements claims that every person has a right to require justification for a certain decision by a company – and that became quite a challenge for the financial companies that use AI and ML for the credit scoring, as an example.
In 2019, companies will continue to work with this regulation and its interpretation. As well, tech engineers will work hard on improving the AI-based techniques to create better security and data protection algorithms and keep the user data encrypted.
5. Customer-centric development
The development of cloud gaming, growing invasion of technologies into the biggest industries (like retail or healthcare), mobile payments – all these are indicators that the technological development is aimed at the satisfaction of the customers’ demands towards the quality and speed of service.
The rise of mobile and global digitization led to a fact that modern users expect every service and product to be delivered within seconds while retaining excellent quality. This means a huge field of opportunities for savvy tech companies to come up with innovative solutions to automate, ease or quicken an existing but outdated process to make it more customer-friendly.
We should also add that 2019 will be busy for app development companies as well. As mobile comes forward, more and more companies will request development companies to create a stellar mobile app for their business.
This is needed because modern customers use their mobile devices as a primary sources of searching for information, products, and services. Mobile is becoming the centerpoint of almost all financial transactions and daily operations so service providers have to keep up with the demand.
At DashBouquet we know about the needs of modern customers and we know how to craft an app that would support your product and drive in the revenue.