It seems obvious that today, there is no area of life that is not empowered by the virtues of technology and innovation. The 4th industrial revolution brought by the benefits of digitalisation, is set to make life much simpler, and solve problems that were once thought impossible.
It is worth saying that this whole process is reflected in many different ways, ranging from new methods of entertainment such as virtual reality, video games or online casinos. Especially the latter are a good example for how technology changed our lives: Not long ago, it was required going to specific locations, while now users can participate in real-time roulette games online, using their laptop or another mobile device. Services as such have become available at any time and from wherever we want. The same goes for streaming services that have gradually replaced cinemas or social networks that connect people from all over the world. For this reason, let’s talk a little more about how and why this technological progress will continue to be the focus of attention for decades to come.
The evolution of knowledge
For those who follow the US stock indexes regularly, there is one sector that captures the attention of all investors: technology. Today, the Dow Jones index shows how the top 5 companies with the largest market capitalisation today are dedicated to the high-tech, microchips, and innovation industry. Apple, Microsoft, Alphabet, Amazon (the only four companies with a market capitalisation above USD 1 billion), and Tesla are the top representatives of an industry that is set to change the world as we know it.
All of these companies understand the potential of digitalisation to harness the benefits of globalisation. According to a report by Data Never Sleep, 2.5 quintillion bytes of information are generated every day, much of it available just a few clicks away. Perhaps the greatest good that technology possesses for human beings is its capacity for accumulation and self-development.
The evolutionary development of human life has only been possible because, only since the time of writing, knowledge has been able to accumulate. In other words, if everything learned by one generation could not be passed on to the next, humanity would be reduced exclusively to everything that can be learned in approximately 80 years. Thus, technology not only allows knowledge to be accumulated, but it also allows it to be studied and processed in a matter of seconds. This creates a feedback loop where one new technological breakthrough is the key to the development of many others.
The most promising technologies of the future
While it is clear that innovation will continue to be the focus of scientists, investors, and developers in the future, there are two types of technologies that seem to have the capacity to make a real revolution in the coming years: Blockchain and cloud technology.