Technology in the future

The technology of the future brought forward its arrival with the pandemic in 2020, which brought with it many changes and growth in business technology. The impact of this technology on the business world forced the implementation of new, more digitized ways of working, such as smart working and online tools for process automation.

Thanks to this progress, it is impossible to deny the importance of new technologies in companies to facilitate remote work and all the other challenges that lie ahead.

In fact, a survey by the Metropolitan Labor Observatory of Chile pointed out that various work areas are increasingly incorporating teleworking, such as the electricity and gas supply sector, which already has 56.7% of its staff with hybrid work. This is followed by 46.7% in the IT and communications sector and 42.4% in the financial and insurance sector, which undoubtedly gives rise to improving the future of technology.

Importance of technology in the future

The importance of technology in the future lies not only in the commitment of all stakeholders, but also in the investment that companies make in it, which will be a constant benefit to face any future scenario; Now it’s about always being ready.

From here on out, technology will be a priority. Its use is absolutely essential to help companies with continuous development, as it opens up possibilities for better channels of communication, collaboration and knowledge exchange.

Predictions of the future of technology say that the ‘peak’ of more than a decade of technological advances will occur when the pandemic ends. Today we are seeing unprecedented creations thanks to the great demand for digitalization, which has produced an increase in «tech» companies, which have so far delivered various successful solutions.

In this sense, the role of technology in the future will bring benefits such as the following:

Sophisticated and user-friendly technology: every customer wants their product or service to work well, therefore technology in the future must be built on that, using user-friendly interfaces that respond to their needs and expectations.
Logistics immediacy: due to automation and digitalization, the chain of logistics processes will become more fluid and economical thanks to the enhancement of dimensions such as big data, 3D printing and real-time process visibility.
Access to education: the power of access of educational centers to technology will be greater. Technology in the future will allow rural or hard-to-enter places to overcome the digital divide that currently exists.

What will technology look like in the future?

As we have already mentioned, the enhancement of technology in the future is developing at an accelerated pace and some of those that are being developed today are:

Virtual reality: today it’s all about living new experiences, especially if it’s within the digital world. The invention of virtual, augmented and mixed reality brings opportunities for companies to deliver multi-experiences to the customer through products or services.
5G: it is the so-called «fifth generation of mobile networks» that will increase the connectivity of people and industries, being an advance in the technology of the future since it brings with it a higher speed of data transmission, increased cybersecurity, energy efficiency of devices, among other characteristics.

Edge computing: this technology of the future will impact the «Internet of Things» (IoT) as it will allow the data collected from users to be analyzed locally without having to outsource it or upload it to the «cloud».

Benefits of technology and its disadvantages in companies

Thanks to the benefits of technology, companies have experienced a constant and significant advance over time. In fact, according to the World Economic Forum, it is estimated that by 2025 the time spent by humans and machines on current work tasks will be equal.

In this sense, as a professional, knowing the impact of science and technology on business will allow you to know critically how to implement business technology, in such a way that it represents a safe investment for the progress and improvement of your company at a competitive level.
Therefore, we present the main advantages and disadvantages of technology within business operations.

Advantages and disadvantages of the «Internet of Things» (IoT)

In this article we tell you about the advantages and disadvantages of the Internet of Things and some of the most common uses of this technology.

What is IoT or Internet of Things?

The IoT, or Internet of Things, is a concept that refers to the technology that allows objects of everyday life to be connected to the Internet. In other words, it consists of interconnecting different objects to the network and giving them the capacity so that they can exchange information with each other.

It is a technology of great impact, and one that, in the coming years, will revolutionize a multitude of environments and processes.

What can the Internet of Things be used for?

The uses of the Internet of Things are very broad. Broadly speaking, what it allows is the automation of processes executed by various objects, both in business sectors and in domestic spaces. For example, the Internet of Things has important applications for the automation of homes, as it allows the automation of elements such as lighting, air conditioning, security, etc.

Advantages and disadvantages of the Internet of Things

Beyond the technology itself, the advantages and disadvantages of the Internet of Things must be taken into account. In other words, it is a technology with great possibilities, but it also raises some doubts that should be taken into consideration in this regard.

Advantages of the Internet of Things

Ability to connect to the network: The main advantage offered by the IoT is the ability to connect to the Internet and, consequently, have access to everything that this entails. For example, when a television connects to the network to obtain the content we are going to watch.
Sharing information quickly and in real time: Another benefit of IoT is that the exchange of information is done quickly and in real time, which has many different applications. For example, in the security sector. Thanks to IoT, the police or fire brigade are automatically alerted when an intrusion problem or fire is detected in a controlled space.

Energy savings: Another very important advantage offered by the IoT is energy savings. By monitoring and automating processes, they are carried out in a much more controlled way, which results in lower consumption and, consequently, greater savings. The best example is found in the automation of air conditioning in homes and other buildings. When the air conditioning is controlled by IoT devices, they synchronize with the temperature and weather conditions outside, which leads to a more appropriate use of the available resources.
More sustainable processes: In the same way that the IoT allows greater savings by favoring a better use of resources, this also leads to greater sustainability, since only the resources that are really necessary are used. The best example, again, is found in air conditioning.

Communication with the direct environment: Another advantage is that the IoT allows direct communication with the closest environment. For example, we can open and close doors from our cell phone, or we can receive useful information depending on what our geolocated position is at any given time.

Disadvantages of the Internet of Things

The information is not encrypted: One of the main disadvantages offered by the IoT is that there is no encrypted information and, consequently, and that is why it is very easy to access it. This can involve issues related to digital security, as the system could be hacked. For example, for data theft.
It requires a previous investment in technology: Another disadvantage of the IoT is that it requires a previous investment for it to work. In other words, we need to acquire the devices with the necessary technology so that they can connect to the Internet.

Reduction of intimacy: One of the problems that can occur due to the use of objects with IoT technology is the infiltration of any subject into their privacy. These devices open up private spaces to public space, so serious problems can arise in this regard. One case is when systems such as surveillance cameras are placed that are not used correctly.

Technological gap: Likewise, another disadvantage of the use of IoT technology is that it deepens the digital divide. That is, the problem of which people can access this technology and which cannot. This is especially noticeable when comparing Internet access between different countries, as well as between urban and rural environments.
Lack of compatibility: Finally, another major disadvantage of IoT technology is the lack of compatibility between some devices. IoT systems are not standardised and, as a result, it could be the case that certain devices cannot work together despite being designed for the same function.

The advantages and disadvantages of the Internet of Things are varied and important. Advantages offer us great possibilities and benefits, while disadvantages present us with a dubious scenario in which we are not in control of the way we would expect. However, it is a technology that is here to stay and that, consequently, we will have to improve and know how to adapt it to make the most of it while minimizing its possible risks.