The future of financial services and products is directly linked to the advancements made in the field of technology. This is why sectors such as FinTech and Bitcoin are thriving right now, as they combine powerful technology with payment options to bring financial services to people all over the world. But what will be the biggest technology trends in 2016, and how can Bitcoin and FinTech companies use them to their advantage?
Technology Predictions For 2016 And Beyond
Regardless of how one wants to look at the field of technology, there is no denying more educational efforts are needed. Or to be more precise, technology will change the way our education system works as a whole. Young adults need to learn new experiences and not be tortured by listening to rehashed learning materials that haven’t changed in the past three decades.
Technology allows education to take a different approach altogether, as there is plenty of opportunity to enable a hands-on approach to learn new things. But it goes much further than that, as virtual degree programs and online courses are gaining in popularity as well.
Another major change enforced by technology is how the world of advertising will have to evolve. The interaction between media and consumers is changing and taking on a more digital approach. At the same time, consumers are fed up with advertisements during their tv shows or online streaming and new business models will have to be created. Plenty of consumers flock to browsing the Internet while advertisements are broadcasted on TV and companies will have to focus their attention on this market in the next few years.
At the same time, consumers are worried about their health. Statistics and analytics brought upon us by fitness trackers and other gadgets have made consumers more aware of how they can change their lifestyle and live a healthier life. However, every individual has their own specific needs and preferences. This creates interesting opportunities for technology in the healthcare industry, and further growth is expected in this industry in the foreseeable future.
However, none of these sectors can benefit from advancements made in the technology industry without proper security measures. In particular, when it comes to cyber security, there is a lot of work to be done. Hackers are coming up with new and creative ways to exploit outdated security solutions. In fact, the number of cyber attacks against major companies seems to be rising year over year, which could be an indication of things to come for 2016.
How FinTech and Bitcoin Can Help
When talking about innovative and disruptive technologies, the FinTech and Bitcoin sectors present an excellent case. Bitcoin is best known for turning the financial ecosystem on its head, as the underlying technology allows transfers of value between users all over the world in a matter of minutes. Plus, Bitcoin operates completely outside of the banking sector as well, leading to a growing interest in blockchain technology by financial institutions.
The FinTech sector is mostly focusing on financial technology, but a sub-trend – focusing on financial services in general – is emerging as well. Over the course of the next few years, advancements in this industry could lead to more secure digitization of not just finance, but also personal information, government-issued documents, and proof of ownership.
Both of these sectors will provide society with major advancements in the field of technology, which can then be translated to use cases that everyday consumers can relate to. Finance is just one sector prone to disruption by new technologies, but there are so many other options worth exploring as well.
What are your thoughts on technology trends in 2016? Which sector or innovation are you looking forward to the most? Let us know in the comments below!
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