Smart Technologies

Technologies are getting smarter day by day by implementing Artificial intelligence (AI) and various other devices such as sensors, lenses, and processors among others to reduce the human intervention and deliver better customer experience. Nowadays everything is getting smarter ranging from personal objects such as phones, tablets, computers, televisions to infrastructure such as buildings, electricity grids and airports among others. All smart elements or technologies such as cars, phones, watches and just about everything are connected to the internet. According to Moore’s Law that states “processing power of computers will double every two years at the same cost” along with Nilsen’s law that states “internet bandwidth grows by 50% every year” are contributing towards the growth of smart technologies. Internet of Things (IoT), is the major concept underlying the development of smart technologies which cites that each and everything would be connected to the internet. Some of the ongoing development in this sector are smart cities, cars, power grids, governance, water management and transport systems among others. Additionally, smart technologies are even benefitting an enterprise by being able to generate higher revenues, improved customer satisfaction, and improved customer experience. The education system is also implementing smart technologies to upgrade the learning and teaching process. Some of the major players participating in the industry to offer smart technologies are Intel, Qualcomm, Apple, Samsung, GE, Cisco, IBM, Oracle and Siemens among others.