Consumer Technology

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Consumer technology includes new technologies disrupting everyday life, such as virtual reality / augmented reality, self-driving cars and IoT. As our devices gain more computing power thanks to advancement in cloud computing and invention of better CPUs, GPUs and algorithms, more and more technologies envisioned in sci-fi movies and novels are becoming a reality. Recent innovations such as voice-controlled robots that can help take care of our households, self-driving cars that take us from point A to point B without us ever laying a finger on the steering wheel and billions of connected everyday items with chips embedded in them will gradually be known as 'consumer technology' as they become as ubiquitous and essential as water and electricity. At the moment, the companies that make up the list of the 5 most valuable companies in the world are Google, Apple, Microsoft, Amazon and Facebook and they are all focused on consumer technology.