4 technologies that will impact startups in 2018 Year

4 technologies that will impact startups in 2018 Year

As an entrepreneur, it’s crucially important for you to understand and adapt the ever-changing market condition to build a company. As we enter the new year, startups in both big and small scale will go through a flood of emerging technologies. We have listed four technologies that will have a high impact on startups in 2018.

1. Machine learning

The rise of artificial intelligence (AI) has increased the importance of machine learning. The AI implementation leads to programming systems to automatically learn and improve from an experience without programming it for a specific situation. The foundational piece of machine learning technology is to empower the next generation of entrepreneurs. Startups can leverage the trend and develop intelligent machine learning models to abstract key insights from data sets and processes. The technology is already being used in various ways to simplify the repetitive jobs.

2. Augmented reality (AR)

The highly ambitious technology has been making headlines from last few years. Augmented reality (AR) implementation was on surge towards the end of 2016. The early iterations of Pokemon Go were highly appreciated by the global users. Smartphones are the lowest device layer of AR, thanks to the advancements in smartphone technology, the devices are becoming highly efficient and powerful. Industries like retail will seek significant benefit from the developments of AR.

3. Blockchain

The technology that underlines cryptocurrency has become a key focus due to its robust nature and security. Blockchain has wide use-cases across the industrial sectors. Banking and financial services have already started implementing blockchain solutions to secure the data and minimize dependencies. Startups can ride the bandwagon and innovate using blockchain. There are already few startups developing highly ambitious blockchain-based solutions to solve real-world problems.

4. Voice control

A number of companies have already entered the space of voice-controlled technologies. Google and Amazon launched their first few versions of their voice-controlled smart products. These companies have already validated the market for startups to innovate in this space. In the world of connected devices, there are numerous things that can be simplified using voice-controlled smart gadgets.