5G Cellular Connections
Perhaps the greatest of these benefits are 1) faster connection speeds and 2) reduced latency. Specifications for 5G networks call for transmission speeds of up to 20Gbps. Putting this into perspective, 5G can transmit at speeds 10 to 20 times faster than existing 4G LTE connections and 20 times faster than connections provided over fiber. These speeds, coupled with 5G’s reduced latency, offer faster downloads and reduced buffering over cellular connections. As a result, 5G further enables a “cut-the-cord” environment for individuals and businesses alike.
Robotic Process Automation
Many of the RPA tools available today are “no-code, low-code” solutions. This feature means that many users can implement RPA workflows without requiring assistance from their IT staff. For example, using Zapier, team members can link data from many popular Cloud-based solutions into other Cloud-based solutions. To illustrate, you can use Zapier to link data from a Shopify-powered e-commerce platform into QuickBooks Online, thereby avoiding manually re-keying data into the accounting application.
One of today’s more popular RPA tools is Microsoft’s Power Automate platform. With this tool – a component of many Microsoft 365 subscriptions – end-users and power-users alike can create sophisticated and powerful automated processes. Power Automate’s platform contains hundreds of pre-built templates that you can use right away. Further, it offers connectors to many non-Microsoft tools and applications, enabling many easy and inexpensive automated workflows across a wide range of applications and services. Therefore, Power Automate-based RPA will grow significantly in 2021.
- Descriptive analytics refers to measures that define and describe what happened in the past.
- Diagnostic analytics help us understand why we achieved a specific set of results.
- Predictive analytics tell us what to expect in the future, subject to specified inputs.
- Prescriptive analytics help us identify appropriate “next steps,” often when trying to achieve a specific set of results.
No matter the type of data analytics you use, an increasing number of options for generating these tools are available in applications we use every day. For example, Excel’s Data Analysis Toolpak can automate calculating many measures used in data analytics environments. Likewise, Microsoft’s Power BI Desktop application contains valuable features to calculate statistical measures and build forecasts based on historical data. Similarly, Zoho Analytics can also create numerous measures to advance your data analytics efforts. Suffice to say, those seeing to understand and improve business performance should consider using a data analytics tool to propel their efforts.
However, AI extends to other types of data and applications too. For example, Grammarly is a terrific AI-based tool to check your word processing and other text-based documents. More than just another spell-check tool, Grammarly uses AI to analyze your tone, grammar, punctuation, clarity, and engagement to help you write more effectively. Similarly, PowerPoint now offers AI features to recommend edits to your slides to enhance their effectiveness.
Perhaps 2022 will be the year when blockchain expands beyond cryptocurrency and begins to move mainstream, and there are some signs it is moving in that direction. For example, spending on blockchain solutions in 2022 will approach $12 billion. Further, Forbes reports that blockchain can help secure Internet of Things devices, perhaps those deployed in concert with 5G rollouts. Likewise, in the same article, Forbes indicates that pharmaceutical companies could use blockchain to prove the authenticity of vaccine shipments, including COVID-19 vaccines.
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