The Top 5 Emerging Technologies

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Every day, a new kind of technology is being developed and released. These technological innovations have completely revolutionized the way we live but what we are seeing today is only the start of a bigger and brighter future.

Here are the top 5 emerging technologies that will take over the world in the next few years.


Artificial Intelligence (AI)
Artificial intelligence is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. It is everywhere but is most notable in the business sector. AI is currently being used to create smoother operations, increase employee engagement and to improve customer experience allowing companies to grow rapidly by saving time and resources.

“By 2022, at least 40 percent of the new application development projects will have AI co-developers on their team,” Gartner stated in their press release in early 2019 which goes to show that AI revolution is just beginning.

Virtual reality (VR)/Augmented reality (AR)/Mixed Reality (MR)
Virtual reality (VR), Augmented reality (AR) and Mixed Reality (MR) is the use of technology to create a simulated environment. Known collectively as R+, these technologies have seen massive growth especially in the gaming industry.

However, it can also be used beyond gaming.

In tourism, Marriot's Travel Brilliantly collaborated with Oculus to create an app that transports its users virtually to Hawaii by giving a full 360-degree view of the location ensuring the best experience for travelers. Additionally, the healthcare industry is using virtual-reality simulations to help surgeons determine the safest way to locate tumors, place surgical incisions and practice complex procedures.

R+ technology is expected to open up more industrial applications in the years to come.

LiFi
LiFi (Light Fidelity) is a wireless optical networking technology that uses LED lights for data transmission and is said to be the best solution to the problems commonly faced by 5G. It claims to be 100 times faster than WiFi, the current wireless Internet technology standard because it transmits data using light instead of radio frequencies which is usually prone to interference.

LiFi is also considered the more sustainable option for internet connectivity because it can significantly reduce power costs. Since it operates through LED lights, LiFi can function without electronic devices such as routers, signal repeaters, wave amplifiers, modems and antennas which are connected to the power grid 24/7.

Blockchain
Blockchain refers to the transparent and publicly accessible ledger that allows us to securely transfer the ownership of units of value using public-key encryption. This is the technology responsible for cryptocurrency and was originally created for the digital currency called Bitcoin.

Since the core of the blockchain technology is transparency, it is expected to bring a lot of alternations in the financial sector by changing the way loans are bundled, insurances contracted and how stock exchanges work.

Quantum Computing (Supercomputing)
Quantum computing is still an emerging technology and it’s basically computing but just at a larger scale. There are challenges in today's computer systems that are impossible to solve due to their complexity. Today, a number of researchers, organizations, and governments are working on building the very first fully-functional, fully-working quantum computer but cloud-based quantum computing services are already now being offered to the public.

What Services do a Performance Bond Company Offer?

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Many of us are not aware of what a performance bond is. A performance bond is a contract-based bond, generally issued by some insurance company. This bond guarantees the adequate completion of any sort of work by any contractor. Several performance bond companies in Florida are present who offer contract bonds, commercial bonds, license, and court bonds, etc. 

In a nutshell, the work of a performance bond and a contractor go hand in hand. So, if the credibility of the bond company is good, then it will surely receive praises. As an example, it is seen in case of the performance bond companies in Florida. Several contractors share good reviews of such companies. Let us not talk about its inferior side.  

In general, let’s take a look at some of the services that a typical performance bond company in Florida provides:  
  
Superior Construction Bonds  To work hand-in-hand with any company or organization, you need to build a strong relation and fraternity with them. Just like the bond companies do with the construction companies and contractors. They provide high-level construction bonds through which they deliver superior service and get positive reviews and proper exposure in return.  

There exists a team of experts to handle such works. With their problem-solving ability, the companies can deal with the nation’s pioneer contractors. A lot of companies look up to them to join hands.  

Apart from these superior construction bonds, the companies also provide certain commercial bonds, judicial bonds, official public bonds, subdivision bonds, permit bonds, license bonds, etc. So, these companies can be your one-stop solution for all types of performance bonds.  
  
Expanding Global Approach 

The clients of a performance bond company also belong to different parts of the world. That means that these companies serve internationally. If you are from Delhi and want service from such a company in Florida, you don’t have to worry about that.   

To build a reliable surety program is not the only goal these companies set. But also, building a strong and healthy relationship with foreign companies is one of the main agendas.   
  
Advanced Featured Services 

1. Flexible Bond Line of Credit – They treat every contractor equally like ENR top 100 contractors, right from their first $5,000 bond.  

2. Expertise Surety Bonds – Personnel caters of the surety bonds are only concerned with your surety needs and nothing else.  

3. Reliable References - The companies provide a group of professionals to give proper suggestions to the customers.  

4. Back-up Support – They don’t give you any scope to complain. When you don’t meet your expectations, the companies are there for the back-up of your bond line of credit.   

Apart from these services, some other amazing services are also provided by companies.  
  
Insurance Facility  
Some of these companies also possess certain insurance facilities, such as commercial insurance and construction insurance. With the help of some of their sister companies, they can deal with risk management issues, in fact, at the lowest rates.