Technological advances and innovations solve real-world problems, create new sources of income and grow businesses of tomorrow. At the moment, the world is using technology like robotics, drones and blockchain. However, the world is constantly changing and evolving and in 2030, we expect to see amazing breakthroughs in many areas including quantum computing, cognitive science and nanotechnology.
At the moment, technological advances in Australia include;
This is a software solution that enables data to be checked, verified and stored in a distributed network. This aids in mitigating fraud, reducing single points of failure and allowing the automated execution of agreements using smart contracts. Australia is currently home to some world-first blockchain apps. Australians are combining blockchain tech with other tech to improve economic value in businesses all over the country and world.
5G has the potential to significantly improve the speed of data transmission. The Australian 5G Innovation Initiative will provide funding to both large and small businesses to develop 5G services, products and applications.
The improvement in data access and use will facilitate the creation of products and services that will improve everyday life, create productivity gains and improve efficiency. The data will power a lot of advanced and transformative tech such as machine learning, AI and predictive analysis.
Moreover, businesses will have to adapt to the unification of data, predictive analysis and cybersecurity. The Consumer Data Right will champion and support data-driven businesses to develop better goods and services and improve the country’s productivity.
Quantum computing is the storing and processing of information through the manipulation of individual atoms, electrons, ions and photons. Quantum computing can improve the information economy and solve complex problems within a short time.
According to Australia’s CSIRO, quantum tech in Australia is projected to generate $4 billion every year and over 16,000 jobs by 2040. Quantum technology is slowly becoming mainstream in Australia and will positively impact areas such as drug discovery, mineral exploration and secure communications. Businesses can prepare for the boom in Quantum tech by training their employers on what to expect.
Sustainable IT refers to using an environmentally-friendly approach to creating, using and disposing of computer software and hardware programs. IT companies should encourage their end-users to dispose of their tech waste responsibly. Organizations must also speed up the process of reducing their carbon footprints in order for the world to reach neutrality by 2050.
Australia’s technological sector is very promising and appears to be growing daily. There are many tech improvements that are currently being used such as augmented reality or virtual reality in some of the best online casino AU sites. Others include 5G, Blockchain, Quantum Computing, Cloud-first IT and Data Analytics.