Technological advances are like waves by the beach. For those at the forefront of innovations, you are happy to surf with change, be a part of it all. For the uninitiated technophobe, you stay back so as not to get swept away.
But innovation isn’t just about fun and games. It shapes the way we think and how do things, making our lives easier and, usually, helping the world to recover in our greener times.
Since we specialise in insurance, it means our job of protecting you becomes more difficult each day, as new technology means new possibilities and new risks, and we’ve never been that into surfing…
Let’s take a look at some of the major innovations to look out for in 2019.
We’ve heard lots about autonomous cars in recent years but companies working in the field are onto so much more. Whilst transport is undoubtedly the focal point of this arena—from haulage companies deploying driverless trucks, stepping into driverless taxis to having your own car drive your home after one too many down the pub—think of other things that could come about. Autonomous drones can scout ahead for ready-for-harvest fields, which could redefine the farming sector.
Not expected to arrive until late 2019 or earlier 2020, the UK awaits the power of 5G. Thought to be around seven times faster than 4G—from roughly 56Mbps to more than 490Mbps—the capabilities of such terrific speeds are huge. Experts predict the speed to greatly increase the functionality of businesses and form a faster, more secure connection between user and technology, especially in our AI-driven world.
With the rise of Bitcoin and other cryptocurrencies comes added speculation and distrust of such a technology. That’s where Blockchain comes in. Acting as a sort of decentralised database for transactions, it means that everybody involved in such a transaction has authentication before it is processed, giving full credence to the transaction to all parties the same way a bank may act as a third party. It’s the technology behind Blockchain and experts predict big things for it in 2019 and beyond.
The rise of Machine Learning
Machine Learning, or ML, is based upon the idea that AI and its systems can learn independently, thus able to adapt to specific situations without programming. We already see this in a lean sense, such as Netflix’s and Amazon’s recommendations for you, and in the autonomous car sector. This year, experts suggest ML will come of age, helping businesses to listen to customers without requiring the help of third-party analytics, in fraud detection and much more.
Almost everybody has seen the capabilities of voice recognition apps such as Apple’s Siri, Amazon’s Alexa and the Google Home Assistant, and they’re not just household gimmicks. Assistive technologies like these could come to reshape businesses and experts predict big things in 2019, from a greater push to help the elderly and those with disabilities, assist in offices and call centres and more.
Innovation is happening at a faster rate today than ever before. By banishing the technophobe within, businesses like yours can learn to get the most out of these advancements so you always stay ahead of the game.
Meanwhile, we’ll focus on adapting your insurance to ensure you’re never held back. Whether you’re looking to implement new technology in your workplace, home or something else, just give us a call on 01527 874092.