We have already lived in the digital era of the businesses, now the world is moving towards the post-digital era through the updated technologies. And in this age, only being dependent on digital technologies and leveraging those will not be the only solution to stay out of the huge market competition. To get a good position in the competition and to get the ultimate success, the business leaders should take consideration of the updated and newly invented technologies to their bucket lists. As the coming post-digital era will be the golden age of the technologies, the business leaders should implement technologies to their businesses and the organization. From this, the concept of DARQ has taken place in today’s world. The post-digital era is formerly known as the DARQ age, as this time period will be the era for evolving technologies.
What is the DARQ Age?
The term DARQ consists of Distributed Ledger Technology as for D, Artificial Intelligence as for A, Extended Reality as for R, and Quantum Computing as for Q. The analytics and the researches show that almost 85% of businesses have experimented with one or more DARQ technologies into their businesses, and it is expected that DARQ technologies will provide a more competitive advantage that they have not experienced with the previously SMAC technologies, i.e., Social Media, Mobile-Friendly Application, Analytics, and Cloud Computing.
DARQ is the combination of innovative technologies with data, allows the business leaders to be creative all the time, and provides a good experience, service, and products to the customers. Thus they can assure their place to be top in the world competition and the technological horizon of the world. It is the combination of some emerging technologies that can change the technological shift in the world. This tectonic shift in technologies is known as the DARQ Age.
Why is this important in today’s business?
Whenever there are new technologies taken place, we have found that these technologies work as a catalyst for change in our lives, as they provide us consistent extraordinary and new capabilities for the businesses of today’s world. Here are four technologies in DARQ, and each of them have already been implemented in businesses across the world with their products and services. To know about the importance of the DARQ technologies, one has to understand the individual importance of the DARQ technologies, which are as follows,
Distributed Ledger Technologies (DLT)
As a definition, DLT is a digital system to record the transaction of assets such as money or any other assets digitally, in which the users can access the transactions from multiple places with multiple devices at the same time. This technology is the main part or the backbone of the blockchain. Unlike the traditional databases for any kind of transaction, the distributed ledger has no central data to store or to function for any administrative works. The ability to be distributed and duplicated across the network makes the transaction process too secure to be hacked.
Artificial Intelligence (AI)
Artificial intelligence is to put human-like intelligence in the head of machines to automate certain works and make decisions regarding the task. With AI, the machines will have the brains, and thus they make decisions with the help of the huge datasets. Using the deep learning technology the machines go through the datasets that have been provided as input and then with the help of machine learning technology the machines are able to deliver the outcomes, and with the help of natural language processing technology the machines will deliver outcomes more like a human.
Extended Reality (XR)
Extended reality is used to extend our visions beyond reality by providing an experience to get immersed in the virtual world with a wearable device. It has three parts like augmented reality or AR where the user can experience the digital objects from the virtual world in their real world, with the virtual reality or VR the user can get fully immersed in the virtual world like they get the feeling to be a part of that virtual world. Take consideration of a VR game where you will generally feel that you are also a part of that game. And with the mixed reality or MR, the user can get the full experience of the virtual world by being present in the real world, like a hologram.
Quantum Computing (QC)
It is the newest technology among all the DARQ technologies, as it is still evolving. Quantum computing is a type of computation that allows the businesses to solve the problems and analyze the datasets which are way million times faster than the traditional classic computation. It also allows businesses to solve such problems that previously were impossible to solve with classic computers.
How can the DARQ technologies be used in businesses?
The DARQ technologies individually have been already implemented in the businesses and made differences in today’s corporate world like the following way,
– The DLT has made the transaction easier and more secure by providing decentralization in the whole blockchain technology. It also has removed the matter of the third parties like someone who will be the evidence for a transaction that has made or the “smart contracts”, thus it had replaced the traditional handwritten transaction details on papers with the self-executing codes for the computers, which will be present until the transaction is undone, once done it will automatically execute to the next step of the transaction. Also, the DLT technology translates millions of these transaction datasets into a material saving with more efficiency.
– AI technology is generally getting used to optimize the ability of the machines to automate certain works and make the strategic decision based on the input datasets. Using the deep learning the AI allows us to process the huge dataset to discover some unknown or previously unknown factors and the information from the data sources. Using machine learning the AI allows the machines to be automated and make certain decisions based on the datasets. Also with the natural language processing technology, the machines will be able to communicate with customers with a human-like conversation and communication pattern.
– XR technology is helping mainly the business associated with gaming and entertainment. But besides this, it is also helping the education industry and the training institutes. Like with the help of a VR headset and a wearable device the user will be able to be a part of the virtual world. Using the extended reality in the businesses increases product development to the customer as well as to the manufacturer too. It is helping the businesses in the marketing part also. It is also increasingly used to create a cost-effective way to provide better understandings to the users in training, healthcare, education, etc.
– QC technology is taking the computation in a whole new way to make them supercomputers, that will be able to solve any problem which was previously impossible to solve through the classic computers. By its two components such as superposition and entanglement, it is making the computation millions of times faster than the traditional and classic ones. It is still evolving.
The DARQ technologies as a whole will empower the businesses with the innovations of the new and updated technologies and provide them the opportunities to be connected and prepared with the coming post-digital era of the technologies. These innovations will allow the continuing growth of the businesses and make them stay out of the huge market competition by providing a competitive advantage. Also, the digital natives of this digital world will feel more connected and can also explore the more unimagined way through the digital transformations of the world. The business leaders should have implemented these DARQ technologies as soon as possible, as the world is already set through the digital era and with the increasing number of technologies, the post-digital era can arrive at any time.
The above passages show what these DARQ technologies are and how they can help businesses in today’s world and provide competitive advantages and allow them to continue growth with innovations and creativity. The business owners should leverage these DARQ technologies for the customer needs and let them work for this. The world is already digital and the digital age is here, you should be prepared for the post-digital era, as you will not have the idea that when will the digital age transform to the DARQ age.
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