In this era of constant innovation, we hear new buzz words for technology every day. Each proposed technology promises to “revolutionize” the way we are currently doing something. As there have genuinely been tech advances that proved to be ground breaking, we can’t help but ponder over each new development.
In this news item, we will try to sum up some of the technologies that actually delivered on their promises and also some other ones that turned out more as publicity stunts. Let’s first cover the developments that truly outperformed and revolutionized the tech landscape.
A very few people underestimated the power of the cloud. Still, few had thought that it would simply revolutionize the way data is stored, managed and processed. The role and influence of the cloud quickly increased from data management to incorporate productivity applications and enterprise software.
Well, serverless computing can be regarded as an extension of cloud computing. This has revolutionized the way productivity applications are developed. It is a known fact that developers need high end computing resources to design, test and tweak their software solutions.
In many cases, these resources are not readily accessible to them and act as a deterrent. Thanks to serverless computing in which application developers can leverage the processing power from Cloud Service Providers (CSP) and deliver high quality software or applications.
Now that we have covered some technologies that outperformed, let’s touch a few ones that unfortunately fell short of expectations. In all fairness, these are still work in progress and final verdict cannot be passed as yet.
Artificial Intelligence (AI)
This is one of the most hyped tech terms over the past couple years or so. In short, AI can be regarded as indigenous decision making by machines on the basis of vast historical data and strong machine learning algorithms. At one stage, it seemed that AI would go on to take over a good part of our day to day processes.
Well, the reality is quite opposite to that. There are many limitations to this model that still need to be addressed effectively before AI can be applied to sensitive real life scenarios. The injustice with this term has been its unregulated and unjustified used in virtually every other tech related product or process.
It won’t be wrong to say that the mere word “AI” got elevated to the status of a stamp of validation for tech products. The massive abuse of AI as a buzz word has ultimately resulted in damaging the associated perception with AI and the processes where it could have potentially been applied.
This also took the world by surprise over the past couple years or so. At one stage, it appeared that blockchain would render all the prevailing international financial system redundant. The inherent strength of this technology was its resistance to being edited, which made it a strong proposition for securing financial transactions.
Unfortunately, the concept of blockchain itself was hijacked by the crypto currency euphoria, which were in fact based on the blockchain technology. The rapid proliferation of countless crypto currencies, unprecedented price bubbles and ultimate crash engulfed the blockchain technology as well.
The very nature of technology is shrouded by mystery. It would be premature to pass final verdict on the future of both the above underdogs of technology. It is quite possible that in the near to distant future, these technologies also mature and stabilize to deliver the intended results or even outperform.