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9 technologies that changed the market

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Remember watching Back to the Future and believing that by the 2000s we’d all be time-traveling and owning flying cars? Well, reality might not play out like a sci-fi film, but human beings have evolved considerably, and so have their inventions and discoveries in science and technology. For instance, the internet makes everything accessible to you: from a guide to the best Indian online casinos to recipes for meringue pies.

The internet, however, isn’t the only advancement we’ve made as a race in this field. New inventions and technologies are constantly being unfolded. The internet doesn’t just provide us with the news and give us weather predictions- it has become a necessity in this day and age and has moved us along the road to even more growth and improvement. There are many breakthrough technologies that are worth mentioning and knowing more about, especially since it has revolutionized the way we live our lives. 

Here’s a list of some of the technologies that have and are constantly changing the market and the world as we know it: 

  1. Regenerative medicine and organ transplants
    Regenerative medicine develops methods to regrow, repair or replace damaged or diseased cells, organs or tissues. It includes the generation and use of therapeutic stem cells, tissue engineering and the production of artificial organs. This has greatly accelerated the number of successful organ transplants that take place all over the globe and has evidently helped in providing patients with lifesaving organ replacements.
  2. Genetic engineering
    Herbert W. Boyer, Stanley N. Cohen constructed the first organism with combined DNA from different species in 1973. This is known as Recombinant-DNA (rDNA) technology. By inventing recombinant-DNA technology Boyer and Cohen jump-started the biotechnology industry, and commercial ventures quickly started up. This brings up the possibility of genetically engineered humans and debates on its ethicality and morality arose. It might prevent birth defects and diseases later in life, but the side effects could be disastrous and unknown.
  3. 3-D printing technology
    Creating a three-dimensional solid object digitally has been used by the automotive and aerospace industries since the 1980s. Nowadays, however consumer 3-D printers are on the rise. This has marked a shift from the earlier single purpose, industrial machines to a more general machine which can be worked by the common man. This manufacturing process can, with time, revolutionize future technology.
  4. Artificial Intelligence (AI) and robot assistants
    Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. A trope that has been excessively used in science fiction, is now a reality. AI is used in almost every new tech invention nowadays: from Alexa to self-driving cars, AI is behind it all. There have been debates about the risks and dangers of AI in the modern world, but that hasn’t stopped researchers from moving ahead in the development of strong AI (AGI). Robot assistants are pretty much based on AI and are designed to complete certain tasks and follow certain orders.
  5. Cryptocurrency and blockchain
    Blockchain is the technology that enables the existence of cryptocurrency. A cryptocurrency is a medium of exchange, which is digital and uses encryption techniques to control the creation of and verification of the transfer of such funds. Financial institutions are exploring how they could also use blockchain technology to upend everything from loans to insurance. Cryptocurrency has expanded the scope of decentralization and transparency in monetary transactions and is becoming more mainstream by the day and has changed the current market structure.
  6. Voice assistants and Voice Interface Technology
    A voice assistant aids and assists users in whatever it is they need assistance with, using speech as the primary method of receiving requests and responding. A voice interface is a way of interacting with software with your voice, instead of typing. These inventions have greatly improved the efficiency of people, by maximizing output and minimizing the time taken and has greatly impacted the market in contemporary times.
  7. Augmented and Mixed Reality
    The lines between the virtual and real-world continue to blur. With the advent of virtual, augmented and mixed reality, the notions of what truly exists and what doesn’t breaks down. From gaming to movies, to medicine, the uses for VR, AR and MR are expanding.
  8. Driverless vehicles
    Automakers like Tesla and Volvo have already developed semi-autonomous vehicles, but self-driving technology is rapidly evolving and aiming to secure full automatic driverless vehicles. It is capable of sensing its environment and moving with little or no human input.
  9. Big Data tools and Machine Learning
    Big companies use Big Data tools such as Apache Hadoop, to store and analyze big data and use it for precise user targeting, machine learning, etc. Machine learning is the science of getting computers to act without being categorically programmed. Quantum computing can help to produce machine-learning breakthroughs that might otherwise be impossible to solve. 

 

This concludes our list which we hope you’ve found satisfactory. The technologies aforementioned are those few which has recast the human experience in a reality which makes us feel like we’re living in the future at present.