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5 TRENDS DRIVING 2019

Kirti Krishna

Technological / Digital

Years after years, Artificial Intelligence (AI) is progressing swiftly. From SIRI to Amazon Alexa,researchers and scientists are persistently seeking to bring an emotional quotient to the machines that would further complement its efficacy. Although complex and pricey in nature, AI is a revolution in providing digital assistance; not only because it is proficient in doing repetitive jobs with diligence but also due to its competency of carrying out some intricate medical applications, gaming, speech-vision recognition, etc with great accuracy. Some of the recent noteworthy developments in the digital intelligence world are Web 3.0 and Ubiquitous AI. Web 3.0 uses AI to make search smarter by filtering through irrelevant data and delivering a personal specific set of results. It is hence stated that 2019 is hoped to deliver an even better processing speed with 5G and an improved data storage solution. 

Political

2019 celebrates the 40 years since the establishment of diplomatic relations between the United States of America and China. All this while, investment and trade between the two countries grew manifold. However, over the past few years trade tensions among them grew to an all time high. Theworst part of thistrade war persisting between the USA and China being that it has influenced the other economies as well. Like for instance, it caused depreciation of the domestic currency in our case.It is hence true to remark that the world is in speculation to see if the “trade war truce” is legitimate, or whether the imposition of tariffs stand for a long-term trade policy of the USA. However, what is still ambiguous about this whole affair is if what started as a Trade war would eventually trigger a military conflict or not.

Marketing Transition

Gone are the days when small-medium enterprises (SMEs) faced difficulty in finding sector-specific software products that suited their model best. Mounting innovations in the technology like the emergence of SaaS (Software as a Service) has enabled the entrepreneurs to have real time access to the required software anywhere just through a stable internet connection. Thus, in exchange of a nominal subscription fee, SaaS delivers and maintains their application over the internet as a service that can be accessed by multiple users at a time. Another marketing trend that has gathered customers’ attention is the phenomenon of mass personalization. Hence, it would not be inappropriate to say that developing the capabilities to realize what an individual customer wants will soon become a prerequisite to business success and so the organizations must realize that the real value lays in “market of one”.

Economic

Any nation is said to be economically stable if its’ GDP is high but that doesn’t implies that it has a safe and sound environment as well. Keeping the same thought in mind, Autonet has been designed. It is basically a sector of the internet dedicated to moving vehicles that has been designed to allow for collective awareness of everything that may be of concern to a vehicle. Instead of just being aware of its immediate surroundings; with Autonet, all of the sensors and processing capability of networked vehicles is integrated into an awareness data set and made available to anything on the net. This autonet connection will thus enable all the vehicles on a lane to act effectively as one. Besides, they will be able to drive at faster speeds while staying much closer together and still being far safer than they are today.

Manufacturing Transformation

A trend that is definitely going to dominate the manufacturing sector in 2019 is the concept of Strategic Automation which is basically a subtle different take on intelligent automation. To be precise, it is the combination of automation as well as artificial intelligence to mechanize business processes and drive the rate of production in organizations. Although, automation has always been perceived by the employees as an idea which might put them out of their jobs but in reality, it relieves humans from repetitive and mundane tasks. Thus, it rather saves time and allows the employees to focus on more meaningful work; because of which it is seen to be a feasible option since recent times.

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