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Automation has resulted in technological advancements in various verticals and has led to the emergence of next-generation technologies such as advanced robotics, AI, the Internet of Things (IoT), and 3D printing & blockchain. These technologies provide fast data transmission, process automation, and secure data storage in a decentralized manner.
The growing trends of online shopping, increasing use of consumer electronics, greater internet accessibility, and automation of production processes are factors driving the commercialization of next-generation technologies. Government initiatives to spread awareness regarding digital payments, cryptocurrencies, and digital education are also bringing these technologies into the mainstream. The occurrence of COVID-19 has disrupted the global technological landscape and shifted customer focus toward touchless solutions.
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