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9  Technologies That Will Survive the Pandemic in 2021 and Beyond – ReadWrite

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9  Technologies That Will Survive the Pandemic in 2021 and Beyond - ReadWrite


Technology is advancing and driving development shaping the dynamics of our society and tech is also helping to shape our future. No doubt that technological advancement has improved the well-being and growth of our society, especially in this challenging period in COVID 19.

Technology is a great benefit to our world. Little or no human effort is required in some cases because technology has taken the center stage which made life easier. Since the world is barely coming out of lockdown — and social distancing is still mandatory to tackle the pandemic — technology has been helpful in a lot of ways.

With this knowledge, the lists of technologies mentioned here are not exhaustive. You have a better understanding and the benefits of these technologies on the CODIV 19 pandemic and what will be occurring during the rebuilding and after the pandemic.

These 9 technologies will survive and stand the test of time during and after the CODIV 19 pandemic.

  • VIRTUAL REALITY
  • BLOCKCHAIN
  • ARTIFICIAL INTELLIGENCE
  • (FIFTH GENERATION)
  • SELF-DRIVING VEHICLES
  • COMPUTER VISION
  • AUGMENTED REALITY
  • EXTENDED REALITY
  • DRONES
  • Of course — you can think of others, as well.

Virtual Reality

The VR tech is a technology that is fast growing and it used on different devices like Phones, Television, etc. it is also used for different purposes like Gaming, Entertainment, and Training.

Virtual Reality is a technological environment generated by a computer, which interacts with human beings. The person can perform several tons of action in that generated environment (artificial world). Virtual reality (VR) gives you the feels of a real-world, you are in control and can manipulate it the way you want. You are not aware of your real environment, however, exist in another world.

Virtual reality saves time and money, with little or no risk in a safe and controlled area. It is beneficial in training mode or simulation, for Pilots, medical field, firefighters, etc. It is an advanced learning tool.

So virtual reality has really helped in making life easy and made difficult work stressless.

Blockchain

BlockChain has been in existence for over 10 years i.e between late 2008 and early 2009, the public database contains digital information. It is the storage of specific and vital information in a secured database, that can be accessible only by the owner, with a unique user name and password to assess the information. Blockchain is so secured that unauthorized persons cannot just tamper with your information because it is protected by encrypted codes (studiodotcodedotorg).

Once you own an account or operate a Blockchain, your information is then added to other blocks of information in a secured server, which means that your Name Signature, Amount, Date, and Time are stored in a Blockchain, and you will be given a unique identifying code called HASH FUNCTION.

Harsh function secures information or data from Hackers and Cyber Threats by compressing the data or creating a fingerprint. this makes it difficult for cyber thieves to steal your information. it proves your ownership of the account or information, except you compromise.

Try this out, its benefits are numerous and if you want to know more and have a better understanding read more on BlockChain. You will find out it is worth it.

Artificial Intelligence

Artificial intelligence is the ability of a machine to display or perform what humans can do. This means that AI can actually display a human’s natural intelligence. It is a machine or computer that mimics the functions and activities of Human beings. We can see these examples on the phone, cars, drones, etc. Artificial intelligence has a lot of benefits which I will mention just a few of them.

One of the benefits is that AI assists in giving the right dosage of medicine and it has been proven to be very accurate in Healthcare. It has also helped in discovering the right treatment for cancer.

Artificial Intelligence has also been beneficial in the Finance world. It has helped in the prevention of Fraud, investment in stock, Property management, and proper Bookkeeping maintenance. It completes transactions. Artificial intelligence is a technology that is fast growing. Don’t fail to explore the goodies of this wonderful technology.

5G (Fifth Generation)

5G network is a technology that is fast-growing. The next-generation wireless network technology. It is able to handle more connected devices which makes it faster than its predecessor (4G network). This has made very significant improvements to technology. Downloading is easy and faster.

This means that you can download a movie in seconds compared to seven-minute with 4G LTE. 5G is actually 10 times faster. It improves performance and efficiency, it is also beneficial to the entertainment industry, Education, Transportation, Finance and Economy, Healthcare, and a lot more. Welcome to the amazing world of the 5G network.

Self-Driving Vehicles

Self-Driven vehicles and better still Autonomous driving. It is a technology in which Human is not needed to drive or control the car. These cars have sensors and software systems in them. It Navigates, prevents Collision, Changes lane, adequate Breaking, and up to date Map.

Don’t stress yourself, just sit, relax and safety is sure. This is awesome you can’t afford to miss out on this wonderful technology. It will not only adapt to the road conditions and strategy but also obey traffic laws. this makes it safe for other road users and pedestrians.

Computer Vision

Computer Vision is a technology that obtains information through gaining a higher understanding of images, analyzing it with its components. it imitates the act of what human vision can do.

The benefit of Computer Vision is that it is never tired, unlike Human vision. It reduces the cost of training, it is accurate, it saves time and money, and it is fast and simple to use. You have it in your Cars, Healthcare, Provision stores, etc.

Augmented Reality

Augmented Reality is a technology that transforms information and virtual objects into real-world scenes in real-time. To explain more, it is the merging of a real-world scene with additional information to enhance the natural environment giving you an excellent experience.

It is different from a Virtual Reality which creates an artificial world. ”In 2013 Augmented Reality was possible through the use of Google Glass.” After then AR technology has been incorporated into Smartphones and you can enjoy it the use of these APPs, AR Emoji, ARKit, and ARCore. It has been predicted that there will be 1 billion users of Augmented Reality by 2021.

Extended Reality

Extended Reality is simply a technology that merges the real and virtual environment. Human-machine interacting with computer technology and wearables just to give advanced human experience.

Extended reality(XR) activated the Virtual reality(VR), Augmented reality(AR), and Mixed Reality(MR) to produce a new form of reality. Giving another perspective to an object digitally and extended meaning to a real-world scene.

Extended reality applies to Retail, Entertainment, Healthcare, Travel, Engineering, Design, and lots more.

Drones

”The New York City study shows that drones carrying emergency Medical supplies can reach 911 callers in New York City significantly faster than ambulances, according to new research.” This is no doubt the safest and fastest means to transport medical supplies to quarantined areas.

The risk involved is minimum, detects non-compliance, by monitoring the environment, and make sure quarantine instructions are followed. It reduces the spread of the disease.

Conclusion

These technologies have come to stay and will continue to build our world. Technology will take a greater phase in 2021, join the train.

These technologies have a lot of benefits that will change the world and make life easy for everyone. It has helped in tackling the pandemic and giving a positive result. It has increased the economic and social well being for all of us.

Emmanuel Chukwuemeka

Emmanuel is a Tech PR, and international SEO Consultant. the passion to grow your digital presence is very important and work towards giving you the best satisfaction you desire.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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