Business and technology trends for 2020

The year 2020 is halfway over, and with it brought a plethora of necessities in areas such as business, health, and technology in Hungary and across the globe. Amidst many socio-economic changes and a global pandemic, there is a demand for change. The entrepreneurial and technological advancements occurring wasn’t a matter of if, but when. 

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With the increase in services and available technology, it was only a matter of time that the world would witness a boom in tech startups and other businesses made to automate and increase productivity. Here are some of the latest technologies and business trends 2020 has to offer.

Mobile Payment Systems

One recurring feature you’ll find in all the business ideas 2020 listed in entrepreneurial news is the rise of mobile payment options. New blockchain and encryption technology facilitate transactions of peer-to-peer transfers, as well as other digital banking services.

Both consumers and business owners are shifting from traditional banking to direct-to-account payments. Not only has it been more convenient and profitable in commerce, but a safer option for many.

Experts like Péter Deli take note of this trend in the online casino world. The operators listed in the Hungarian website https://kaszinok.online/ provide the option to use Visa, a traditional banking method. However, for players that don’t want to link their casino account to their bank account, they can also use Skrill or PayPal as alternative bank transfer or eWallets.

Automation

One of the top trends in business is automation.

It has made its way into administrative offices and other industries across the globe. Automation software (and its close cousin, AI) is currently progressing to occupy important roles in decision-making, with the goal to replace menial office work. A digitized workforce will give way to faster, more cost-efficient productivity.

In the meantime, legislation and many ethical discussions are taking place. There is an expected upsurge in machine learning and other forms of smart workflow technology, but how accessible it will be this year is left to be determined. You can rest assured that the robots won’t take all jobs this year. At most, you’ll find it in the experimental stage, helping out in administrative roles.

3D Printing

Modern problems call for new technologies, and 3D printing solves plenty of them. 3D printing has been around since the 1980s, but it has become more accessible today. Due to its versatility, it has become prevalent in many industries. From producing 3D-printed edible food to helping with the trip to Mars, this form of instant manufacturing knows no bounds.

What makes 3D-printing so remarkable in 2020?

Many countries are experiencing a shortage of ventilators due to the rise of COVID-19 cases. This supply crisis has given rise to newly developed and medically approved 3D printer respirators that do not run on electricity.  

5G Technology

By now, you may have heard a great deal about 5G wireless technology. The 5th generation cellular network is designed to deliver higher multi-Gbps peak data speeds and greater bandwidth than ever before. As next-generation connectivity, it has higher performance and improved efficiency to empower new user experiences and connects new industries.

The 5G network is expected to extend past smartphones to more autonomous cars and smart city mechanisms.

So far, only certain locations and new 5G enabled devices have access to this network, but many tech geeks are excited to see how it will progress later this year.

Conclusion

So far, this year has been an exciting one for tech nerds and ambitious entrepreneurs looking for new ways to find the next best thing. The year 2020 is not over yet, and the world is excited to see what will come next in the business and technological industry.

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