The paradigm of business is changing at an unprecedented rate. Today, we are witnessing an increased focus on new technologies such as Edge Computing, Ledger, Forensic data, AI and machine learning, and Quantum Designing for supercomputers. If you are pursuing a Business Analytics Course online, it should be on your mind to hunt down the top technologies that will shape a number of industries in the coming years.
In this article, we will focus on these technologies.
Distributed ledger technology AND Blockchain
Distributed Ledger Technology (DLT) is a fast-paced technology that has fundamentally changed the way financial technology (Fintech) is adopted today. DLT’s most popular component is Blockchain.
Using DLT, users can build a series of transactions that can be stored and tracked automatically across various locations, using powerful computing workflows digitized at every step.
As it is more resilient, reliable and scalable technology, DLT with blockchain can solve numerous Fintech challenges related to consumer data privacy, revenue leaks, risks and frauds, and loan/insurance predictions.
According to a leading firm, Accenture, DLT can significantly impact cost wastage in the healthcare and Product Marketing industries.
In a digital first economy, adding DLT with blockchain in a hybrid fintech ecosystem could help restore faith in data repository and governance.
Unlike other AI functions, AutoAI will be key to drive digital transformations in the coming months. The messiness of Big Data can be completely cleaned with automating AI and machine learning algorithms, putting Big Data analytics at the center of all business analytics and related functions.
AutoAI includes numerous self-learning blocks of AI tools and functions such as Neural Networking, Deep Learning and Predictive intelligence. Fierce competition between the giants in the Big Data has already played out in the open. Google, IBM, Cloudera, Amazon, and Salesforce are already in the ecosystem fielding various generations of AutoAI and Business Intelligence platforms for various verticals – Finance, Marketing, Sales, Accounting and Finances, HR and now, AI as a Service.
In the board meetings of 2030, Board of Directors could be asking managers – “How Can you read my mind?”
That’s the future of Immersive Reality.
Also called Immersion, IR is a cool mix of new age visualizations that bring reality to a new benchmark standard. Mostly related to Virtual Reality, Immersion is a perception of illusion created using real, physical environment and delivered in an engrossing platform such as 3D screens, wearable eye gadgets, contact lens, or even digital TV.
In the coming months, Business Analytics Online courses would strategize Tactile and Emotional Immersion to play out simulated actions and visions on a convincing reality platform, irrespective of the gadget user could be using.
The next level of immersion would be a mix of tactile plus tele-presence, a hint of predictive and cognitive intelligence delivered using machine learning capabilities.
With so much to cover in the field, we expect a drive train of many more technologies that could suitable compete with the above mentioned capabilities. For example, Optic Fiber for Neural networking would be one of those off-beat technologies that can bring in more stability to data transfer. Similarly, there would be a huge scope for biometrics in data privacy and AI management and so on.
The role of Business Analytics course online can’t be ignored in learning these technologies and amplifying their ROI.