Over the years, our dependency on technology has grown by
leaps and bounds. 2018 saw a number of technology trends ruling the business
world such as automation, augmented reality and machine learning. Businesses
that still hold on to outdated ways of technology will never grow up to their
full potential. As a business, you will reap great benefits if you are
supported by the latest technology trends. Small businesses, especially, have
to be equipped with all the newest technology breakthroughs, else they would
fade out from the picture sooner or later.

2019 is expected to be a revolutionary year as far as
technology trends are concerned. It is supposedly going to change the way
tech-related products are consumed. So, here is our list of the top technology trends
that are going to impact businesses in 2019!

Artificial Intelligence has been a topic of discussion for quite
some time now. There are some who fear the negative possibilities that
Artificial Intelligence throws up. However, most of the people appreciate the
benefits that come with it. 2018 was a great year for Artificial
Intelligence.  It captured a large chunk
of businesses through Automation. Businesses today use Artificial Intelligence
to carry out a number of tasks, which enables them to provide better-quality
services to their consumers. It also gives them an edge over their competitors.
The integration of chatbots has gained immense popularity across many digital
platforms. These chatbots provide easy assistance to visitors and consumers.
2019 is expected to witness further AI integrations which would continue to
bring more innovations in the business world.

Both augmented and virtual reality have developed a lot in
the past few years. With virtual reality, one can go into a virtual, but also a
real environment at the same time. As far as augmented reality is concerned, it
adds a lot of information, in addition to the physical environment, and thus
makes buying a new and better experience altogether. Both these technologies
have increased importance in the business world these days. This trend is
expected to grow even more in the coming years because it generates genuine
interest from the consumers. Even businesses find this concept of combining the
experiences of digital and real world quite fascinating. AR and VR technologies
are not only present in retail and real estate today, but also in various other
sectors such as medicine, healthcare and manufacturing businesses.

Blockchain is a type of distributed ledger which has
revolutionised the way any exchange of information was tracked and verified.
Most of the businesses today use blockchain as it enables trust and provides
transparency in the business system.  It
can actually be seen as an alternative trust mode, in place of the banks,
governments and the other institutions which act as central authorities for any
kind of transaction to take place. This traditional system lets to delays and
also friction costs during transactions. With blockchain, there is no such
delays and it also lowers costs and improves cash flow. The year 2019 is going
to see many modern organisations apply blockchain in order to increase
collaboration and thus blockchain will become an integral part of all the
relevant business platforms throughout the world.

The Internet of Things is nothing but a series of physical
objects such as machines, smart devices and home appliances which are connected
to the internet and also connected to each other, enabling them to communicate
and share data, without any human interference. It is expected to become a
favourite with most businesses very soon. Nowadays, more and more IOT devices
are in demand, such as Echo, Google’s Assistant and Alexa. The IOT devices are
extremely beneficial for businesses as they allow them to know about their
customers, which in turn helps them to improve the overall experience that is
provided to those customers. It also increases business efficiency as well as
reduces costs. As the demand for IOT devices is likely to grow, more IOT
devices are expected to be produced as well as used. The Internet of Things
benefits not only the companies but also the consumers, and hence is going to
be one of the biggest tech trends in 2019.

A number of companies have already been affected by cloud
computing. With each passing year, the importance of cloud integration grows.
Most companies today choose cloud-based solutions. With cloud, businesses get
various options to save files as well as to support external resources. Cloud
solutions play a big role in improving efficiency and cost-effectiveness of a
business. It is also far more reliable and secure than any other solutions.
This is a technology trend that is anticipated to grow more in 2019, as it
provides numerous benefits to the users.

So, this was our list of the top five technology trends
which are likely to impact businesses in 2019. Technology is an ever-changing
field. So, you never really know, when one trend goes past the other and
becomes more popular. However, going by various statistics from numerous
sources, it is safe to say that these five trends will be highly active in
enhancing the role of technology in the business world in 2019.