5 Rising Technologies That Need to Be Understood

Technology will continue to change the human way of doing business. Whoever will take advantage of it before others will be the number one. Here are 5 rising technologies that are believed that will have the most impact to the gaming world, in the future, a very near future.

Blockchain

When someone mentions the name "blockchain", the first thought that comes to mind to most people is usually the "bitcoin" term. However, the whole concept of the technology is more than just bitcoin. More importantly, blockchain is actually a method of realizing the concept behind the technology, which is more accurately described as Distributed Ledger.

The primary function of Distributed Ledger is to offer a trustful method to record ownership of things and to exchange them. Each account book contains a fraction of the data, so even if someone gains some unauthorized access, they won't be able to access it.

For now, the technology is used to create cryptocurrencies, which is one of the many ways that enhance the gaming industry. However, the technology bears a lot of legal challenges and trust to build with regulators worldwide. One foreseeable idea of using a legal case of the technology, is to build a trustful networks where they can bring online casino operators and game developers together. This kind of partnership will create something new for players, and it will also increase the transparency of data to gaming regulators.

Artificial Intelligence

The Artificial Intelligence is all about automation and machine learning. It will allow the machines to observe and learn from human behaviour. AI can detect patterns in hacker attacks and provide predictive analysis for breaches before they occur. AI can also improve customer retention, engagement and support by predicting customer behaviour.

In addition, AI can also play a crucial role in scheduling, predictive maintenance and can work in maximized efficiency. At the same time, it can create new opportunities for humans and what humans can do better, for example in customer engagement and services which is a job more suited for humans. Plus, there will also be many new jobs in development and programming for developing and optimizing the system. It can easily name many more potential use cases in the gaming industry after AI is understood. The challenge of the AI technology is the ability of computer systems to exchange and make use of information between the systems.

Big Data

The definition of Big Data is in a few words, an extremely large set of data. And yes, big data means a lot of data but of course it doesn't stop there. The most important part of Big Data is the ability to analyze the data and to compute it in order to reveal patterns, trends, associations, especially associations related to behaviour and interactions.

Big Data can be analyzed for insights that can lead to better decisions. Big Data is also helpful when comes to strategic business moves. Also, Big Data can also help AI to a great deal, by building it to be more efficient. Combined with AI technology, companies can detect fraudulent behaviour before it will affect the organization and determining the root cause of failures in near-real time.

The term Big Data is rather new, however, the act of gathering and storing large amount of information for analysis is very old. The concept gained momentum in the early 2000s. Then, the industry analyst Doug Laney articulated a definition of Big Data as the three V's:

Volume, where organizations collect data from varied sources, like social media and information from sensor or machine-to-machine data. The volume of data was problematic in the past, but now, with new technologies, like Hadoop, have eased this burden.

Velocity, where data streams in at an unprecedented speed and must be dealt with in a timely manner. RFID (Radio Frequency Identification) tags, sensors and smart metering are driving the need to deal with torrents of data in near-real time.

Variety, where data comes in all formats, from structured numeric data to unstructured text documents, email, video, audio, stock ticker data etc.

In addition, SaS (an institute of Analytics Software and Solutions) considers that there are two more additional dimensions when comes to Big Data:

Variability, is where the is an additional increased velocities and varieties of data, that can be highly inconsistent with period peaks. A good example could be, something trending in social media happens, like daily, seasonal and event triggered data loads that can be challenging to manage. It is even more challenging to manage unstructured data.

Complexity, is where today's data comes from multiple sources, which it makes it difficult to link, match, cleanse and transform across systems. However, it is necessary to connect and correlate relationships, hierarchies and multiple data linkages or the data can quickly spiral out of control.

In a few lasting words about why is Big Data so important? Well, the importance of it doesn't revolve around how much data there is, but what can be done with it. Data can be taken from any source and can be analyzed in order to find answers that enable time reductions, new product development, optimized offerings and smart decision making.

When Big Data is combined with high-powered analytics, there can be accomplished business tasks like, determining the root causes of failure, issues and defects in near-real time, recalculating an entire risk portfolios in minutes and detecting fraudulent behaviour before it will affect the organization.

Internet of Things

This technology is able to help connect a rice cooker to a car and a phone, this is one prime example of such technology. If people experience a heavy traffic jam on their way home, the rice cooker will delay the cooking time of the dinner and the phone will notify the courier about your delay in picking up your package.

In a more official words, the Internet of Things is a system of interrelated computing devices, where it provides a unique identifier the ability to transfer data over a network without the requirement of human interaction or human to computer interaction.

IoT devices are things that normally don't have internet connectivity, however, once connected to the Internet, the IoT enabled objects can communicate with each other. This ability allows for new, more effective ways for operations.

Why is IoT important? Because it can help people live and work smart. In addition, it offers smart devices to automate homes and IoT is essential to business as well. It provides them a real-time look on how the companies systems work by delivering insights into everything, from performance to supply chain and logistics operations.

5G Mobile Network

The latest innovation in mobile have all the eyes in the world for 2019. The new generation of mobile communications promises increased speed and low latency. For now, the current Internet speed of 10 MB/s, but 5G can potentially offer a connection that is 100 times faster with lower latency.

5G is the technology that it will not only connect people, but also interconnect and control machines, objects and devices. The connection will deliver new levels of performance and efficiency that will empower the user experiences and connect to new industries. The technology will deliver multi-Gbps peak rates, ultra-low latency, massive capacity, and more uniform user experience.

What would that mean exactly? The new 5G will bring more connectivity to IoT, thus more Big Data will make the AI better, and it will offer a competitive edge to those who can make the best use of all these technologies combined.

Other services that the 5G will use is:

Enhanced Mobile Broadband, where 5G will not only make smartphones better, it will also give new immersive experiences with VR and AR, and faster and more uniform data rates.

Mission-Critical communications, where 5G can and will enable new services that can transform industries with ultra-reliable low latency links, where they can act like a remote control of an infrastructure of vehicles (electric cars), medical procedures etc.

And of course, 5G will also have the capability to design for forward compatibility, like the ability to flexibly support future services that are unknown today. However, many people are feeling uncomfortable about the 5G technology. But, there is nothing to worry about, because 5G technology is part of the non-ionizing radiation, which means it is safe like a microwave.