Smart technology is a massive industry, generating $310.92 billion in 2023. So many companies are focusing on developing advanced technology that we’d argue there’s no such thing as tech that isn’t ‘smart.’

To make that concept seem more real, here’s the definition of advanced tech: ‘The integration of computing and telecommunication technology into other technologies that did not previously have it.’ So, you see, there’s not really such a thing as standard tech anymore.

Read on to learn more about all the ways we can’t live without advanced technology.

In The Home

We had to start here. Smart home technology was arguably the birth of the era of smart technology in general. And although smart home tech technically started in 1970, it wasn’t until the last 10 years that it really advanced.

It’s the one we’re all perhaps most familiar with. Most homes either have a smart meter and smart thermostats or have constant offerings from energy companies to install one. For them, they actually make money. For us, it actually makes life easier.

And it’s more than home heating—it’s automated lights, smart fridges and freezers, smart air fryers and coffee machines, opening a garage door, and, of course, smart TVs. Gone are the days when we turned lights off or changed the heating ourselves; all it takes now is a few taps or a voice command to get it done.

The latest statistics show there’s predicted to be a 117.69% increase in smart homes, reaching 424.5 million by 2028.

For Online Payments

Payments are so much easier with smart tech. Fingerprint biometric data or face recognition have enabled payments to be made more conveniently by users in both physical and digital environments. Speed is the name of the game. It hasn’t always been that way, but since trains first took to their tracks, we’ve never looked back.

This appetite for speeds is never truer than when it comes to finances. Take the iGaming industry, for instance. Slow withdrawal and deposit methods are the last thing players and platforms want. It affects the experience and affects the service. So much so, players often choose a platform based on what payment methods it has available. Reading about the top 10 fast withdrawal casinos ranked by Casino.org is, therefore, a key part of the process.

Naturally, this need for speed and convenience extended to wallets and general online transactions.

There is no longer a need to take out cash or bring your card. The trend now is using contactless payment methods, and we can understand why – they’re so much quicker and easier.

Businesses are also benefiting from this. The faster the online payments, the happier the customer. More recent studies have found international companies think faster payments have positively impacted their company.

In Our Cars

Our cars are becoming more focused on smart tech and how it can improve the driving experience, the safety of the car, etc.

One of the most recent and interesting developments came from Volkswagen. Volkswagen’s smart car technology called the Fatigue Detection System detects when a driver has fallen asleep at the wheel and automatically turns on the hazard lights, applies the brakes, starts a continuous horn sound, and pulls the car over to a safe place.

It’s that sort of smart car technology that’ll be the future. It’s predicted that Advanced Driver Assistance Systems could reduce driver deaths by 62% annually.

More simply, cars nowadays are fitted with smart systems that make them self-diagnosing and self-repairing. They have GPS navigation, voice command systems, and even smart technology that helps control how the car will steer.

These features say goodbye to when you would say driving is an exhausting activity and replace it with a seamless and comfortable driving experience.

Electric cars, the latest trend, have features that help users with app tools like finding nearby stations, checking if the battery has charge and even pre-warming the car before entering. Again, all smart tech.

On Our Phones

Probably the best example of smart technology people don’t realize they’re constantly using is smartphones (the clue is in the name, believe it or not). And they’re only getting smarter—the new Apple iPhone 16 uses Apple-built generative models to understand and create language and images.

They have transformed from being simple phones for calls and texts (and the odd game of Snake) to compact devices that understand us and what we want to do before we know what we want to do.

They’re doing more to assist us in organizing our everyday schedules, navigation, documenting moments, and even health-related measurements. They almost always come fully equipped with a suite of relevant applications, a phone is more than simply a phone.

Our reliance on smartphones has massively increased thanks to the many novelties the devices now have. We mentioned some, but here’s more for you: sending alerts for the news, seamless video conferencing, and, of course, social media.

For Our Businesses

Let’s talk more about businesses. Almost all of the processes, including services and marketing, have been transformed with smart technology.

And now there’s AI, which is only enhancing advanced technology. They’re using AI and data sciences to grasp clients’ buying habits, perform mundane activities, and optimize logistics.

Customer relationship management (CRM) allows businesses to be aware of what their clients like and help them alter their goods and services. As for production, smart factories use IoT devices that track machinery to anticipate maintenance, so there is no lost time and additional expenses.

There’s pretty much nothing advanced technology isn’t doing to how businesses grow.

Embracing Smart Technology: Transforming Everyday Life and Beyond

Smart technologies’ potential is massive: almost unfathomable. It’s not an exaggeration to say that we are no longer living in a world where we can imagine living in a world without smart technologies. And maybe now you’ll look at your life and realize how much you rely on it.