AI

8 Most Impactful Tech Breakthroughs throughout 2010s – Part 1

8 Most Impactful Tech Breakthroughs throughout 2010s – Part 1 768 487 Exist Software Labs

The 2010s somehow fueled the fastest technological evolution by far. It is a leeway to the rise, and fall of some of the most ground-breaking technologies. We have witnessed the digital world cementing a whole new ground atop the one we had walked on in prior decades.

Despite its backlashes, we cannot deny that it phenomenally transitioned different lenses that we revolve around; social, political, economic, cultural, and etcetera. Buckle up as we take a recap on some of the most significant technological upgrades that occurred within the just concluded decade.

The previous decade kicked-off with promising innovations that were still at its infancy. These innovations took a little time but bloomed into the market around the 2010s, big time! Perhaps, most people can even say that it is almost unimaginable to take it away from the current lifestyle.

Smartphones

It is everywhere, right? People of all ages got one at hand acquiring it for different purposes. But for most, smartphones have been a necessity. The history of smartphones goes back to the ’90s with IBM’s Simon Personal Communicator. According to Textrequest.com, the touchscreen device was said to make its user “computer functional” as it offered functions like e-mail, fax, and predictive typing. Simon was indeed ahead of its time and inspired the rest of the technology world to adapt.

There have been more attempts to popularize smartphones. But it was not until Apple’s introduction of its first-ever iPhone when it finally made it happen. It sold millions of units within just one (1) year. From this point on, smartphone units by different companies came out one after another and kept on getting better every time. As of now, Apple and Samsung are leading the pack, but other brands are also coping up at a fast pace.

Social Media

Facebook, Twitter, Instagram, Youtube; these are just some of the platforms that became a huge part of our everyday lives. But how it made an impact on a personal level is just a portion of how it changed the world, holistically speaking. Even the biggest of big entities join the social matrix wherein they see to it that employees, customers, clients, partners, and other networks alike are reached out through different social media platforms. It also opened the door for business opportunities with the introduction of virtual market places and social media marketing.

Social media also forged the way to faster information dissemination. We see real-time updates and can promptly respond to it. The latest news is always out there, both fake and legit making it a double-edged sword for its users. On one end, it raises awareness, informs, and warns people, but it also spreads hoax like a wildfire.

Big Data

The term “big data” is nothing new to our world. It appeared in passages although used in a different context than what we know of today.

The world shifting into a digital one is the strongest booster of big data technology. Nowadays, almost everything involves data gathering. A nanosecond amounts to billions of data. However, big data is most effective with advanced analytics. Otherwise, it is just a pile of information that might or might not serve its value.

Internet of Things (IoT)

From businesses to households, smart devices have been conquering all possible corners. Where the internet is, smart devices go as well. IoT directly uploads bits of data to the net even in the absence of human interference. Imagine that. For some, it poses security threats. But regardless of what its original purpose is, we cannot deny that it aids in minimizing human effort.

With this at hand, we could say that the growth in the production of smart devices equates to bigger data. Therefore, big data tools are highly significant to IoT, whereas big data systems need volumes of structured or unstructured data for its analyses. These two are complementary; one works better with the other.

Artificial Intelligence

“Artificial intelligence” has been a long-buzzing area of interest. It is the creation of systems to replicate human activities. Alexa, Siri, and Google Assistant are perhaps the most digestible examples of AI in action. The rise of voice assistants is one step towards the full employment of AI, as seen in the growing investments in the said field. After being one of the most anticipated technologies for a long while, we could finally say that AI is on its way to its prime.

Cloud-Native Technology

Here is another bummer tech in the 2010s. Cloud-native platforms have been working behind the curtains but are among the most important upgrades in this age of digitization.

Cloud-native applications mainly promote portability, reliability, and speed. Because of this, one can work off-site with no hassle; systems are running at maximum speed thus providing a faster process. It has been winning over on-premise business management and will most definitely impose dominance in no time. 

Businesses most likely experience the benefits of moving to cloud-native applications. An IBM research published in 2018 shows that corporations plan to move 75 percent of its non-cloud applications to cloud within three (3) years. This only suggests that utilizing cloud-native technology is becoming a priority for enterprises.

Mobile Payment

The market welcomed this system with open arms. The soft cash has become more preferred than actual money. With mobile devices everywhere, it quickly earned its merits. It is a fast and convenient method of transaction, so why not?

Ride-Sharing/E-Hailing

A system that allows a person to earn extra from a personal vehicle and offering a ride to someone who needs one is a Win-Win scenario. The transportation industry had a huge progression with the rise of car-sharing. It did not solely provide convenience to its users but also aided in other automotive-related problems such as parking spaces and traffic.

There may be more innovations that earned names for themselves in the past decade. But the ones mentioned in this list had an immense impact on our everyday lives and still got some room to venture in for the coming years. In the second part of this series, we will be diving into how these technologies might grow even bigger in the coming years.

Enterprise Technology Solutions Leader, Exist Reveals Top 5 IT Trends for 2019

Enterprise Technology Solutions Leader, Exist Reveals Top 5 IT Trends for 2019 768 487 Exist Software Labs

The demand for business companies to go digital continues as they face the new year with new expectations, competitors, channels, threats, and opportunities. Digitalization has created a new breed of market that companies of all sizes- small, medium-sized or even large corporations cannot ignore. Traditional businesses have now accepted using digital transformation as a business strategy— to deliver products and services through web, reap data from every market interaction then gain insights to rapidly optimize their value chain and help them increase competitive advantage.

By transforming digitally, businesses are able to build a connection with their customers, speed up the pace of innovation and, as a result, claim a greater share of profit. Today, companies that invest in digital transformation are building an edge over those who don’t, that will enable them to succeed in reaching the expanding digital lives of consumers that encompass the rules of engagement that strongly influence customer loyalty.

With this profound effect on business organizations, allow us to share what are the IT Trends our top executives think would make an impact by the year 2019:

Dummy Image
[vc_empty_space height=”1px”]

Blockchain

By allowing digital information to be distributed but with a highly secured transaction, blockchain technology created the backbone of the new type of Internet. What do we really mean when we say blockchain? According to Don and Alex Tapscott, authors of the book Blockchain Revolution (2016), “the blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value”. The growing list of records found in blockchain is called blocks which are linked using cryptography.

In an interview with Mr. Mike Lim, President & CEO of Exist, he stated, “blockchain has been really gaining quick traction not only because of bitcoin or cryptocurrency but because of the promise of more transparent but secured communication between B2B companies or even B2C depending on what vertical you are.” Blockchain gives internet users the ability to create value and authenticates digital information. By storing data across its peer-to-peer network, blockchain eliminates a number of risks that come with data being held centrally. Every network participant validates the transaction so that the data stored is immutable and cannot be forged.

Real-world applications of blockchain technology are becoming more mainstream resulting in the amount of transactional data to become huge. Combining blockchain and big data sparks a new level of analytics. Executives believe that the blockchain promise of secure, traceable transactions and improved transparency of information can streamline supply chain management. Thus, continuing to make a disruptive change in technology by the year 2019.

 

Big Data

With today’s digital technologies, it’s possible to analyze your data and turn it to insights rapidly, enabling enterprises to make better decisions.

According to Gartner, big data is high-volume, high-velocity and/or high-variety information assets that demand cost-effective, innovative forms of information processing that enable enhanced insight, decision making, and process automation. As the head of the healthcare services at Exist and the VP for Sales and Marketing, Mr. Willex Perez shared to us his thoughts: “Imagine the possibilities of what big data can do for predicting illnesses. If you collect enough clinical information you’ll be able to compare your status or your clinical values with others. After which, you can search available research or studies to check your risk rating as an individual.”

Emphasizing on healthcare, Mr. Willex added that among the growth trends the use of big data in healthcare will be essential. “With analytics, enterprises will be able to drive innovation and come up with intelligent business decisions. While organizations collect data for analytics purposes combined with IoT as another major source for data,” Mr. Willex concludes, “it is inevitable to use big data analytics to complete the picture.”

 

Internet of Things (IoT)

Countless business opportunities are in the fire hose of IoT data as products and services have become more connected. Internet of things refers to the network of devices such as home appliances, mechanical and digital devices that contain electronics, software, and connectivity which allows them to interact and exchange data.

Considered as one of his top IT trends, Mr. Christopher Silerio, the VP for Operations at Exist, believes IoT sensors provide us a valuable real-time update of the exchange of data with the sources. He shares, “there will be a time when there will be more data exchanges happening between sensors even without human interaction.  From smart appliances or smart meters, devices will continuously send data signals to a certain component or machine, providing information in real time. It’s reasonable to say that IoT has begun to transform the business landscape and is expected to continue in 2019.”

 

Cloud

While IoT generates huge amounts of data, the cloud ensures that these are captured and stored properly. The simplicity and accessibility of cloud computing to manage vast amounts of data remain a catalyst enabling the rapid expansion of IoT. Cloud computing provides small to medium enterprises the ability to enjoy low implementation cost for their total IT infrastructure and software systems.

Utilizing the abilities of cloud computing, enterprises of all sizes can deploy applications a lot quicker and cheaper compared to the cost of setting up whole IT Infrastructure and service by themselves. According to Forrester’s predictions for 2018, the total global public cloud market will be $178B in 2018, up from $146B in 2017, and will continue to grow at a 22% compound annual growth rate. From this perspective, the cloud seems to be a key driver of digital transformation and economic growth.

“Cloud makes it easier for organizations to worry more about their business process rather than infrastructures. It makes it easier for startups to build their business quickly,” reveals Mr. Jonas Lim, the VP for Technical Services at Exist. “As early as almost a decade ago, we believed that cloud computing is a real game-changer and it has proven to be true as the future continues to bring us into a world of unlimited connectivity empowered by the cloud,” he further adds.

 

Artificial Intelligence

Artificial intelligence or AI doesn’t only apply to robotics. As a branch of computer science, AI involves the development of computer programs to complete tasks which would otherwise require human intelligence. As evidence of its spread, AI is even available for use along with other cloud solutions by which businesses can just subscribe to.

Internet technology companies also make use of  AI to optimize their IT infrastructures. In fact, according to Wikibon: “AI-optimized application infrastructure is one of today’s hottest trends in the IT business. More vendors are introducing IT platforms that accelerate and automate AI workloads through pre-built combinations of storage, compute, and interconnect resources.”

Mr. Jonas Lim pointed out the increasing use of chatbots in business services. Chatbots are programs built to automatically engage with received messages simulating actual human interaction. In addition, artificial intelligence might just be ready to explode with its use, particularly inside the healthcare industry.

What started with manufacturing has now spread to knock and open the doors to greater digital business scale but now with analytics and computing intelligence at the forefront of cutting-edge changes in the upcoming years. “[Like] growing population of robotics is bound to happen,” Mr. Willex added, “and although we don’t know the future, it is quite evident that interacting with AI will soon be part of our everyday lives.”