Technology trends that will dominate in 2018
In the past few years, we saw high sales for virtual reality and smart speakers, as well as new smartphones and tablets. What will be the big tech trend in 2018? How will our lives be changed by the new technologies? We can only guess what the answers to these questions might be, and here are a few good guesses.
Artificial intelligence is getting more funding than ever, and it’s getting better than ever. The use of AI is incorporated in different applications.
The development of AI will probably lead to white-collar automation. Yep, it’s likely that your job will be replaced by a machine. Even in 2013, some jobs were replaced by AI. We had some algorithm that could write a simple article once it receives sufficient data. For sure that not all jobs will be replaced by automation, but we can not escape job transformations that are happening right now in the United States. It’s naive to think that all jobs will be replaced by machines, but jobs will be more automated than they are today. From the human perspective, we will need to be ready for these changes. We should never forget that technology should serve us, bring better opportunities and better jobs.
How do We Use Technology in the Cannabis Industry?
When we talk about virtual reality, we first think about its impact on entertainment and gaming, but there is more to it. The effect of virtual reality could be significant on cannabis growing sites, and other retails spaces.
Virtual reality refers to immersion in a virtually created world, and many companies are using this technology in a significant way. For example, WeedVR brings you into a virtual reality where you can inspect and even smoke your favorite buds in a cyber world. Now, you can imagine buying buds before even going to the nearest store.
Another excellent example of using a virtual intelligence is Huxley, an operating system for cannabis growing. The operating system can build data suitable for growing vegetables, fruits and cannabis plants.
Furthermore, Bitcoins are often used in the cannabis industry, since Bitcoins reduce the cost and friction of transferring payment compared to a more traditional bank system. Although Bitcoins is not doing very well on the market at the moment, it was heavily used in the cannabis industry.
Also, 3D printing technology is being used in the cannabis industry especially for creating bongs and bowl pieces. 3D printing allows small players to get their hands on a production of elements that they need. Anyone who is equipped with a 3 D printer can create and engineer cannabis tools and other parts they need for anything and everything.
Bitcoin Price is Only a Distraction
In 2017, Bitcoin captivated the finance industry, but according to Glenn Hutchins, the expert in the world of cryptocurrencies, this is only noise to distract us from the more significant developments which are being created right now. Hutchins is the co-founder of Silver Lake Partners, a technology-focused private equity group. He says that he is more excited by the cryptocurrency ecosystem than by the smashing prices of bitcoins.
Moreover, he did not purchase any bitcoins yet, which seems to be a good decision at the moment: “I just really think (people are) missing the point . . . They should be talking about the companies.“Bitcoin could turn out to be the winner; it also could turn out to be Betamax.” We should take notes from Mr. Hutchins since he sits on the boards of the Brookings Institution, the Federal Reserve Bank of New York, the Economic Club of New York, Nasdaq, tAT&T and the Center for American Progress. He also advised President Bill Clinton and he is co-owner of the Boston Celtics basketball team. Mr. Hutchins said that the two most important pieces of information we should have is business information and the value a particular company or product has.
Due to the latest events associated with bitcoin, investing money in bitcoins could be a wrong choice in 2018.