By - Sunil Kothiyal | 03-Feb-2020, 6 Min Read , 263
There's a lot of buzz about next-generation tech, and how it's infiltrating horizontally and revolutionizing the way we're working across the board. Some of this buzz has some validity, especially for AI, Blockchain, and Progressive Web Apps. We demystify Blockchain, AI Tech, and Progressive Web Apps (PWAs) in this article and explore how they will evolve.
A focus shift from conversational AI to predictive AI will occur as we identify opportunities for more polished workflows and user experiences. PWAs are the middle ground between two very different user experiences and their best functionalities melting pot. We now know that Blockchain technology is applicable wherever privacy concerns are raised and where anonymity is required.
You have undoubtedly heard of Blockchain's impermeable ledger and how it threatens the boundaries of traditional banking or contemplates how artificial intelligence can re-imagine predictive management and improve customer interactions. Still, there's a residual uncertainty regarding their capacity for implementation.
I know we often question ourselves, is Blockchain a rogue wave that will settle early, or will decentralized banking render intermediaries obsolete in the next decade? Is PWA the future, or a sideshow in the world of frenetic application development?
We want to get ahead of the Year noise and check in on the three developments in software development that we can not overlook, describing why these next-generation innovations matter and creating a business case around their evolution through data-driven analysis.
So, to get some answers and understand the buzz surrounding the Blockchain, AI Software, and even Progressive Web Apps (PWAs), we visited Google Trends and looked at how these keywords ' search volumes have ebbed and flowed over the past five years, and what their search volume patterns indicate for this Year.
Google Trends indicates a steady increase in the search volume over the five-year period for all three terms. There is no sign that the growing interest is not going to continue into the coming year. We can see that starting in the summer of the other Year, the search volume has started to grow more aggressively and has continued on this pattern since.
The word, AI software, has the most promising trend of search volume of the three, with innovative web apps trailing by a significant margin in second. Now that a rising user base has validated all three innovations let's discuss them individually.
When the Bitcoin boom started, and the bull market ended, it's pretty clear. December 2018 was an anomaly that Bitcoin probably wouldn't experience again. The market has stabilized at this point and begun to ripen. Although this is tragic news for Bitcoin holders, Blockchain is great news.
The unpredictability we have come to associate with the Blockchain forced cryptocurrencies out of the Bitcoin bubble and into the real world. It's done a pretty decent job of living alone, untethered by the mothership. By January 2018, Blockchain pioneers were forced to consider Blockchain in non-peer-to-peer transaction settings, taking into account the quiet capabilities of a centralized operation.
Blockchain's birth coincided with growing interconnectivity and concerns as to how new transparency would compromise the data. Blockchain is an impermeable, decentralized ledger offering an alternative to centralized processes. Once a transaction's parameters are coded, and a new block is created, the transaction will self-execute the parameters accordingly.
So we first look at the obvious application, the banking application. Also, payment powerhouses such as Visa suffer outages in operations. When Person A transacts with Person B via Visa and Visa does not transmit information to Person B. Otherwise, Person A is forced to wait for the recovery of the outage and postpone payment. A minimal number of actors manage a huge amount of money.
In the hands of payment networks, foreign exchanges are particularly vulnerable. International transactions typically take 3-5 days to settle and come with a high cost per transaction. Blockchain alternatives like Ripple and Tron boast that the fees are greatly reduced, and transactions checked in less than half the time.
We may recognize serious data security lapses and reverse the anxiety caused by them. We may be able to apply Blockchain to the voting process, cutting out seedy security protocol software. How if we are turning Real Estate into a completely independent operation, buying and selling homes without a broker, and checking sales and payments across the Blockchain network?
Even cloud computing and Blockchain juxtapose nicely with cryptographic record-keeping, curtailing porous protocols. Mostly, we now know that Blockchain technology is applicable wherever privacy concerns occur, and whenever anonymity is needed
We have attached the screenshot to help direct you towards the general trend that we see for AI Technology. We know that there's a very high likelihood that AI will continue to ascend. We attribute that to an increasing understanding of how artificial intelligence can horizontally integrate. We have unjustly held AI captive in incredibly annoying ways, chatbots, and Siri-like.
Yes, AI software will interpret and respond to natural language patterns. Yes, after analyzing a series of inputs, AI software is trained to formulate and contextualize outputs, but no, the AI is not actually a human-replacement for impromptu conjecture and critical thinking. AI is an excellent wine like it's just getting better with age.
AI is the super-employee, the employee who assumes the burden of continuous learning and personal development outside working hours. Yet, using the same analogy, it will never be possible for this employee to respond with nonverbal communication, build intrapersonal intelligence, or act on visual indications. So as we move to a New Year, we are going to experience a paradigm shift in AI.
As we identify opportunities for more polished workflows and user experiences, there will also be a shift in the focus from conversational AI to predictive AI. Predictive AI transcends vertical, shape-shifting to alleviate a variety of pain points that we didn't identify as pain points up to the time when we had the means to break them down.
Sometimes it's hard to contextualize trends and apply them to your business. We're getting it. Knowing this, next-generation technologies are fun to read about, but it's pretty much useless (if we're honest) without applying the information. So take out of Purgatory your current software solutions and build a bridge to the enlightened side
Blockchain, Artificial Intelligence, and Progressive Web Applications' best part are that they are not limited to verticals; they are horizontal. Chances are one of them that could make your life drastically better and live that you bleed into using whatever service or product you provide. Luckily we're both masters for you.
What is an advanced Web application? We would wind up creating a Progressive Web App (PWA) if we were to mix traditional web application DNA and mobile app DNA in equal proportions. PWAs are the middle ground between two very different experiences with users and a melting pot of their best features.
We can see some pretty good growth in the amount of PWA quest, which we described with the green line. What is a progressive web app? We would wind up producing a Progressive Web App (PWA) if we were to bring together traditional web application DNA and mobile app DNA in equal proportions. PWAs are the middle ground between two very different experiences with users.
Users must visit the app store to use mobile apps, download the app, wait for the download, and interact with the application through the thumbnail that appears on their screen. Brands sometimes may lose engagement on the mobile app front due to navigation limitations, load-speed, and an interrupted user journey.