The Main Tech Trends In 2021
Updated on June 29, 2021 | by Evan Chase
With technology evolving at a rapid rate and being used in just about every aspect of life, it can sometimes be hard to keep up with the latest trends and developments. There are always various tech trends that emerge each year as a result of new technological developments along with global issues, such as the pandemic, which has changed much about modern life in the last 18 months or so. With this in mind, keep reading to discover the main tech trends that are emerging in 2021 and how they are changing the world this year as we know it.
FinTech has been on the periphery for several years but is now finding its way into the mainstream and completely changing how businesses and individuals are handling their money. Cryptocurrencies, Blockchain, online banks, and even online lending are on the rise and will continue to play a major role in 2021 and beyond.
Contactless technologies have been steadily on the rise for many years, but, obviously, the pandemic has accelerated this and been essential for life and business to continue. Much of life is now contactless as a way to reduce transition and risk, but it is also highly convenient, so it could be here to stay in many cases. Using apps to order food and drink at restaurants and bars, self-service checkouts, and video calls have all become the new normal in 2021, and it is hard to imagine what life would have been like during the pandemic without these technologies available.
Artificial intelligence is starting to appear in just about every aspect of life and can help businesses to thrive as well as improve the customer experience. There are many innovative ways that AI can be used in business, such as:
- Process automation
- Data analytics
- Predicting behavior
- Providing personalized consumer experiences
The pandemic has forced an enormous experiment when it comes to remote work, and for many, it has been a huge success. Many businesses have found that having staff WFH can improve morale and even boost productivity in many cases, plus it also allows businesses to lower their costs and access a larger talent pool. There are obvious perks for employees too, so it is no surprise that many businesses are continuing with remote work in the long-term or perhaps opting for a hybrid model.
With tech playing such a major role in modern-day life and people having much more time on their hands during COVID-19, it is no surprise that many people have turned to their own tech DIY, especially when you can find easy to follow guides online as well as use component search engines to find the parts that you need. As an example, you can search for optocouplers online and then easily compare products all in one place to find the best option for your particular needs and budget.
The pandemic has led to a sharp rise in cybercrime as a result of more people working from home and scams that are looking to take advantage of the changes and confusion created by COVID-19. As a result, cybersecurity has had to step up, and this is an important area for both businesses and individuals to consider. It is important to invest in high-quality cybersecurity products to protect your data, identity, and finances, and this will help to provide important peace of mind knowing that you have protection against the latest threats in place.
4G and 3G have changed much about modern life in recent times with the ability to browse the internet, use streaming services and data-driven services while on the move, but the capabilities of 5G are far greater and will have an enormous impact on life and business. 5G will enable services that utilize advanced technologies like AR & VR and find uses in factories, smart grid control, smart retail, and much more.
Internet of Things
IoT has also changed much more modern life and business by enabling interconnected devices to exchange data or “communicate” with one another, and there are endless potential uses here. For consumers, this can be used to control home appliances remotely, track fitness, and much more, while for businesses, it can provide much deeper insights, improve customer service and optimize the operation, just as a few uses.
These are just a few of the Fintech trends that are emerging in 2021 and changing much about life and business. This is obviously a unique year as the world attempts to return to some kind of normality, and the pandemic will (hopefully) be coming to an end, so the tech can play a major role in helping life to safely resume, and there have been many great developments made that can improve life in different ways.