New technologies that change the world
In 1995, Wi-Fi, face recognition or virtual currency, blockchain were alien technologies. Internet access is also a new experience for many people. But after 25 years, everything has changed thanks to a series of technology solutions applied in life.
Internet of Things (IoT)
The term originated in 1999 but was not used until 2010. The IoT refers to billions of physical devices around the world connected to the Internet, collecting and sharing data.
Thanks to these data, people can manage very small things, like smart home appliances, to the health care sector, to manage a city’s services. Expected, spending on IoT this year is estimated at 248 billion USD, double the previous three years. In the next 5 years, the IoT market can reach a value of 1,500 billion USD.
In the 2000s, ordering a technology device to perform a task was unique to fiction. But today, through virtual assistants like Apple Siri, Amazon Alexa, Google Assistant … users can request smart speakers, TVs, phones for weather information, play music, read news and very many other “skills”.
Virtual assistants are also indispensable factors for smart homes. According to statistics, the world has more than 3.25 billion devices integrated virtual assistants in 2019. This number will double to 8 billion by 2023.
Bitcoin is just an application of blockchain. This encryption technology enables secure transmission of data based on an extremely complex encryption system, similar to a company’s accounting ledger, where the money is closely monitored and every transaction is recorded. Translate on peer-to-peer networks.
Despite its recent appearance, blockchain has been applied in a range of fields from agriculture, identity verification technology, graphic rendering, welfare payment, job hunting, insurance, etc. Gartner estimates blockchain will generate USD 176 billion for businesses from now to 2025 and USD 3,100 billion by 2030.
The biometric authentication form is becoming more and more popular. Not only is it used to verify identity on digital devices such as smartphones, laptops, facial recognition is also on the security camera system, support for surveillance, marketing and many other functions. China is currently the country with the largest security camera system in the world with more than 300 million devices.
Facial recognition is increasing privacy concerns, as well as the risk of unauthorized information theft. However, this industry is still growing rapidly. In the US alone, experts predict the size of the industry will increase by 3.2 billion USD in 2019 to 7 billion USD in 2024.
Artificial intelligence, the technology that mimics human intelligence in machines, was once confined to science fiction. In recent decades, they have been applied in practice more and more.
In addition to being the “brain” of face recognition, AI is also involved in a range of fields such as retail, medical research and health care, movie restoration, voice recognition, spam filtering. … to the robot. Some experts even fear that the use of AI in robots may cause machines to dominate humans in the future.
View our case studies for Facial recognition application: https://www.inapps.net/inapps-case-study/face-detection-application/