Top Three Business Trends from The Consumer Electronics Show

By: Jerry Horton, Technology Director

The 2020 Consumer Electronics Show - the unfathomably large annual showcase of the latest developments in technology - is over and we’re sharing the biggest trends impacting businesses and consumers. 

The internet of things is becoming the intelligence of things

The internet of things constitutes products that use a sensor to report information to a data repository. Think of your Fitbit that reports your steps to its app on your phone. 

But artificial intelligence goes beyond those capabilities, affording everyday objects the capability and technology to analyze, customize, and respond to the data it collects. 

It’s showing up everywhere in prototypes and products already on the market, from robot window washers, to autonomous delivery bicycles, to health diagnostic tools. 

Because AI sifts through massive amounts of data quickly, It holds promising ramifications for cyber and data security. It can identify potential threats and automate fast security responses more rapidly than humans. 

It also holds promise for enhancing the power of marketing by providing even further customization to consumers based on their needs and preferences. AI can make predictions about consumer behavior and help retailers eliminate guessing to ensure the right amount of product is on hand.  

Wide use of biometrics 

Biometrics uses human characteristics like thumbprints and facial recognition to authenticate identity. It’s the stuff of sci-fi and action movies, but we’re starting to see this technology used more on everyday items. 

For example, one CES vendor demonstrated a padlock that uses a thumbprint instead of a key. With the biometric mechanism embedded, the technology generates a list of users who have accessed the lock. It’s extra convenient because the lock doesn’t require keeping track of keys--access can be granted or revoked instantly. 

Developers continue to find a wide use for biometrics. Expect this technology to become more available and less expensive.

Companies using Blockchain to improve consumer trust 

Blockchain is a digital ledger built by linking one block of information on top of another, creating a chain of trust and uneditable data. It forms a string of transactions that keeps an honest and consistent record that’s unalterable because it exists on every computer in the network. To change one record only makes it incongruent with other records in the network. 

Right now blockchain is mainly used to keep records in cryptocurrency like Bitcoin, but it has a host of applications for business. AT CES, IBM highlighted Food Trust, a technology that uses blockchain to track every step of the food supply chain, reducing inefficiency, increasing food safety, and building brand trust. With the technology, vendors and consumers can trace the source of their food to its origins and track every step it took to their plate. 

The technology is still in its infancy--not enough entities offer blockchain as a service to make it practical. But its future in the business realm is just a matter of time. 

Networks Plus is on top of the latest 

Technology changes at breakneck speed. At Networks Plus, we’re committed to staying on top of the latest developments to help our partners put smart strategies and tools to work for their business. Trust us to inform you of the latest developments in AI, biometrics, and blockchain, and all the other important trends so you don’t have to! We’re proud to serve you with IT that’s personal.