The latest technology is now being used to drive progression in many areas of business and industry. With the rise in the processing power of computer technology, most offices rely on a range of IT devices for everyday usage. Most employees will log onto their personal computer or laptop to start the days work and will use this technology to multitask on projects, whilst also keeping abreast of incoming emails and other communications.
Clearly, in the business world, IT technology is commonplace and has shaped the modern working world. Outside of the office environment, technology also drives advances in a wide range of industries and is crucial in providing world-class healthcare, ensuring efficient manufacturing processes, and in scientific research.
Globally, the tech market is worth an estimated $5.2 trillion in 2022. This article explains three key uses of cutting-edge technology in a range of industries.
As a trading commodity
Only a few decades ago, the global trading market was composed of what are now known as traditional stocks and shares. These were in commodities such as gold or food items, along with trading in the fluctuating value of companies themselves. Today in 2022, the world trading market is almost indistinguishable from that of the recent past. Just over a decade ago, trading began in cryptocurrencies, with Bitcoin being the first currency to be traded on markets around the world.
Today, there are a wide variety of cryptocurrencies that tend to be volatile in trading but can also offer significant returns on investment. A recent addition of tech products into the world trading markets is the rise of trading in non-fungible-tokens (NFTs). These are unique digital products that take various forms, such as digital artwork and music. Companies such as okx.com list some of the highest-performing NFTs that can be freely traded. As with cryptocurrencies, NFTs tend to be highly volatile but can provide significant returns on investment in a short period of time if you are prepared to accept the risk that comes with trading in them.
Healthcare is one industry that has always stayed at the forefront of technological advances. Today, there are a wide range of cutting-edge technologies that serve to make the healthcare industry a more efficient service for millions of patients around the world.
One example of tech in healthcare is the rise of telemedicine. Thanks to advances in remote and wearable technology, patients can now be monitored from the comfort of their own homes. Vital health information such as a patient’s blood pressure and oxygen saturation can be recorded on wearable devices or even smartphones, and then sent via the internet to healthcare providers. In addition, many routine medical appointments can now be conducted via video conferencing, which can free up time for GPs and allow patients to remain at home (whilst still receiving first-class healthcare).
For military purposes
It should be no surprise that the military invests significant sums of their budget into technology. When you consider that modern aircraft and weapons systems can cost millions to hundreds of millions of dollars per item, there is an increasing need for tech simulation applications.
Today, militaries around the world have highly advanced simulation software and hardware that allows soldiers to fly the latest jets in a virtual environment without risks to themselves or the actual military hardware. In addition, the military is increasingly looking to advanced robotics technology to enable soldiers to carry increasingly heavy loads using wearable exoskeleton devices.