To keep up with the post-digital era, companies are planning on new technologies that may act as an important catalyst in changing the already saturated world. The center of attention for the set of technologies is being held by DARQ: distributed ledger Technology (DLT), artificial intelligence (AI), extended reality (XR), and quantum computing.
The capability of new technologies to come out with unique possibilities makes them the reason for a change in the world. The DARQ technologies will individually impact the business world in their own ways and to some extent, they are being widely used. AI is now being used majorly in the fields that require optimizing processes and influencing strategic decision-making. The XR is all about introducing people to new experiences and engaging them. You must have heard about distributed ledgers if you have any idea about bitcoins or cryptocurrencies. Lastly, quantum computing is up for all kinds of challenges. Together, these technologies can do wonders in solving the trickiest issues in the world of business. It will vamp innovation and create more opportunities in the post-digital era. The DARQ, technology will have a great role in the transition of the businesses into a combination of digital natives and businesses.
Let us look into a little bit of each technology.
Distributed ledger Technology (DLT)
DLT is a digital system used to record the transaction of assets wherein every detail is recorded. There is no central data or a designated admin functionality, rather data is recorded at multiple places. In a DLT system, each node is verified to ensure security and then a record is generated accordingly. This system has revolutionized the recordkeeping technique by practicing the gathering of data with proper communication.
Artificial Intelligence is the machine behavior copy of any human activity. AI is close to human intelligence as it helps in planning, learning, reasoning, problem-solving, knowledge representation, perception, motion, and manipulation and, to some extent, social intelligence and creativity.
Extended Reality is the umbrella term for all the terms you have already heard of and are going to hear in the future, like, augmented reality, virtual reality, and mixed reality. These technologies bring us the real world to us by blending it with a virtual direction which gives us an immersive experience.
You must be aware of how all our computing systems handle storage and manipulation of data in individual bits, i.e., 0 and 1. While quantum computers make use of the quantum mechanical phenomenon for manipulation of the information providers. They use quantum bits or qubits.
Now, let us get back to the topic. Have you wondered what impact can DARQ bring in this world? The usual technological trend, says that over a certain period of time, a new change might be ignited and adding businesses on its path, and the same is expected of the emerging DARQ technologies.
Most companies are already considering these technologies, and a lot of them have also started experimenting with a few of the DARQ technologies. It is expected of the DARQ technologies, to be key differentiators and take a surge in the investments. When you look into the adoption curve, each of the DARQ techs is at different points, but it is evident enough that the first few companies considering DARQ technologies would lead the differentiation in the market. It is quite obvious that once all the technologies, build up as a collective power, it might be too late for the other companies to adopt and might end up lagging behind.
DARQ, without a doubt, will let businesses reshape themselves in the post-digital era. Well, if they start now, they will be shining bright when all the technologies gather up.