Computing advancements “can transform finserv”
“Advances in chip architecture, cloud computing, connectivity, mixed reality devices and processing at the edge have the potential to transform financial services, consumer experiences, healthcare and more,” says Mastercard.
The report discusses the rise of spatial computing and its potential to transform interaction between human and machine, enabling people to use hand gestures and eye movements to engage.
Spatial mapping, smart glasses and better connectivity are just some of the technological trends driving this trend forward, with the spatial computing market as a whole expected to reach more than US$600 billion by 2032.
Mastercard goes on to herald a new era of automation, interconnectivity and intelligence, where improvements in architecture, standards and data transmission could bring about more intelligent experiences.
The report adds: “Shopping journeys could be more contextually relevant and guided, while experiences involving the mass movement of people, such as public transit and stadium entrances, could become automated.
“Of course, progress will be needed on multiple fronts — technology, interoperability, consumer buy-in — so advances will likely occur in intermittent steps.”
In this fast-evolving technological landscape, more advanced applications inevitably require increased computational power.
Mastercard highlights next-generation chips, cloud computing, quantum computing and fusion power as the developments promising to deliver the necessary capabilities.
Read the full report: Emerging tech trends 2024
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Wanda Parisien is a computing expert who navigates the vast landscape of hardware and software. With a focus on computer technology, software development, and industry trends, Wanda delivers informative content, tutorials, and analyses to keep readers updated on the latest in the world of computing.