The technological world is advancing at an amazing speed. New devices are being invented that help make life experiences more fulfilling. While some innovations are cheaper to apply, others come with a huge cost. Some technologies may be expensive but they can pay off in the long run. People want to adapt to technologies that are efficient, friendly, and cost effective. Spending too much on tech may not be within the reach of many people. It may also stretch finances and result in poor financial future. Here are a few of costly techs that could pay off in the long run.
Internet of Things
It is estimated that at least about 25 billion devices will be connected by 2020. Right now, the Google Fiber is capable of moving data close to two-thirds speed of light. Smartphone usage has taken off with a huge pace and almost every household is using these devices. Internet of Things allows machine-to-machine communication without the intervention of humans. It works based on data gathered and allows devices to communicate to each other.
In 2003, Google and Audi were granted licenses to test autonomous cars on roads and in recent times, the state of Nevada awarded licenses for driverless standard production vehicles. At least, three new Mercedes E-Class were approved to drive themselves. The autonomous cars technology may be costly; however, it may be able to pay off in the future. Automated vehicles are more likely to reduce the frequency of accidents on roads.
People cannot ride on drones; however, these devices are becoming common. They are used in photography and videography. They also help in spying and other activities. The use of drones may extend to other activities in the future besides being used for entertainment and pleasure. It is expected that soon we may have drones that can carry people. The Ehang’s 184 AAV are designed to carry one person to autonomously fly them from one space to another.
These technologies may be costly for people to invest in, however, when they will become popular and cost efficient, they may pay off. At first, technologies tend to be costly, but as the developers find cost effective ways of designing gadgets, the cost goes down. The same could happen to these technologies and soon we may see them become affordable to people. Even if they remain expensive, they may save costs and other forms of expenses in the long run.