Top 5 emerging technologies that will rule the next 3–5 years

1.Neo Banking:

Neo banking is a concept in the banking system where it is 100% digital led banking experience.

It means a financial institution or fintech startup with no physical branches.

All your banking requirements will be seamless via online mode, eradicating the need for troublesome paper requirements and visiting a physical branch and wasting precious time.

2.Blockchain:

Nowadays, we often hear about cryptocurrencies(digital currencies) and the NFTs backed by blockchain technology.

Blockchain is not only restricted to a financial transaction; in this case, it is crypto, a decentralised financial transaction.

But it is a technology that is an errorless cloud-based digital solution that is trackable, traceable and irreversible.

The utilisation of blockchain is not country-specific and can carry the data without any hindrance across the globe.

3.Drone technology:

Due to the pandemic, it is proved that online delivery services will go at peak in the coming years.

The need of the hour is to cater the need with a less time consuming seamless solution.

It may be from the food, grocery, e-commerce, health sector.

Due to traffic commutation time in the urban and hi-tech cities, it is often delayed to reach a specific location.

That’s why the drone technology chip in where drones will take care of the logistics at very little time, giving a great customer experience.

The Govt of India is rolling out the policies for the same, and it will be a prominent supply chain medium in the years to come.

4.Cloud kitchen:

It is a technology that is in boom nowadays in the restaurant business sector.

Cloud kitchen is a concept just like Neo banking in the finance domain, where you will not have any dine-in opportunities for food lovers to walk in and enjoy the food at the outlet.

It means there will be no restaurants open for the public to visit and enjoy food.

Instead, it will be only through online food orders and a viable technology-driven food delivery service.

This concept is gaining momentum in the food tech space due to significant cost cuts and a high profit generating opportunity.

As a restaurant owner, you will have an outlet or share a co-space with our food brands in your locality to only cater to online food orders to reduce costs significantly.

It will be a viable option as people are more inclined to order foods online post-pandemic.

5.5G’s:

The telecom industry has significantly shaping to cater the sudden spike in internet connectivity usage.

Due to pandemic and the restrictions, the social ecosystem has changed drastically.

People have now moved to work from home model of business operation.

Students have moved to the online mode of education.

So, to suffice this wide bandwidth, it requires solid Internet connectivity to accommodate this need.

Here comes the usage of 5G operations to fulfil this need.

Any thoughts?