The technology business has always been a fast-paced one. Techtalkarena believes that we’ll see more technical advancement in the next decade than we did in the previous 100 years combined, as much as ten years’ worth of e-commerce growth might have been compressed into just three months in late 2019.
Any change is unnerving, but keeping up with the latest changes is even more so. Part of the issue is determining which adjustments are the most important and which are the least likely to bear fruit.
These are the ten most popular technologies, according to investors and technologists. They are also the ones who are most likely to be prominent in the modern workplace’s shifting face. Understanding the impact of these technological trends on businesses and the people who work in them could be crucial to averting the worst consequences of the resulting disruption.
1. Process automation and virtualization
As next-level process automation and virtualization grow more ubiquitous, around 50% of all existing work tasks could be automated in the next few decades.
“By 2025, the Industrial Internet of Things (IIoT) will be connected to more than 50 billion devices”. Robots, automation, 3D printing, and other technologies will generate 79.4 zettabytes of data each year.
2. The future of connectivity
Faster digital connections, enabled by 5G and the Internet of Things, have the potential to spur economic growth. Faster connections in “transport, healthcare, manufacturing, and retail” could boost global GDP by $1.2 trillion to $2 trillion by 2030, according to the World Economic Forum. 5G and IoT will be one of the most closely followed technological trends in the coming decade.
“Broad alterations in the corporate landscape will be driven by far increased network availability and capability, from the digitization of production (by wireless control of mobile tools, machines, and robots) to decentralized energy distribution and remote patient monitoring.”
3. Distributed infrastructure
70% of businesses will use hybrid-cloud or multi-cloud platforms as part of their distributed IT infrastructure by 2022. Data and processing will be handled on the cloud, but devices will have faster access to it.
“This technological trend will assist businesses in increasing their speed and agility, reducing complexity, saving money, and strengthening their cybersecurity defenses,” says the report.
4. Next-generation computing
According to techtalkarena, next-generation computing will “help uncover answers to challenges that have plagued science and society for years, unlocking unparalleled opportunities for enterprises.”
It covers a wide range of technologies, from quantum AI to completely autonomous vehicles, and as a result, it won’t be a priority for many businesses right once. “Determining whether you’re in a first-wave industry (such as finance, travel, logistics, global energy and materials, and advanced industries) or whether your business depends on trade secrets and other data that must be safeguarded during the shift from current to quantum cryptography” is part of preparing for next-generation computing.
5. Applied Artificial Intelligence (AI)
One of the most significant technological developments is artificial intelligence (AI). The development of artificial intelligence is still in its infancy. As technology advances, it will be used to further build tech-based tools, such as teaching machines to spot patterns and then acting on what they have discovered.
By 2024, AI-generated speech will account for more than half of all human-computer interactions. According to the consultancy, companies are still looking for methods to use AI effectively: “While every organization may derive good value from AI if it’s deployed well and in a repeatable way, less than a quarter of respondents indicate significant bottom-line impact.”
6. Future of programming
Prepare for Software 2.0, in which neural networks and machine learning generate code and new software. “This technological trend enables the quick scalability and spread of new AI-driven, data-rich applications.”
It may result in the development of software programs that are far more powerful and capable than anything now accessible. However, it will make it easy to standardize and automate existing software and development processes.
7. Trust Architecture
More than 8.5 billion data records were exposed in 2019. Criminals continue to redouble their efforts despite breakthroughs in cybersecurity. Trust structures will aid in the battle against cybercrime as a developing tech trend in 2021.
The usage of distributed ledgers, such as blockchain, is one method of constructing a trust architecture. “Trust architectures minimize the cost of complying with security requirements, lower operating and capital expenses connected with cybersecurity, and enable more cost-efficient transactions, such as between buyers and sellers,” according to the report.
8. Bio Revolution
A “confluence of discoveries in biological research” “promises a tremendous impact on economies and human lives, affecting industries ranging from health and agriculture to consumer products, energy, and materials,” according to the report.
The bio revolution, propelled by AI, automation, and DNA sequencing, promises the creation of gene therapies, hyper-personalized pharmaceuticals, and genetics-based food and exercise recommendations. These technological advancements will open up new industries, but they will also raise some serious ethical concerns. “Organizations must evaluate their bQ, or biological quotient, which measures how well they comprehend biological research and its ramifications.
They should next decide how much money to devote to biological technologies and capabilities, as well as whether to incorporate them into their existing R&D or partner with science-based start-ups.”
9. Next-generation materials
Materials science advancements have the potential to alter a variety of industries, including pharmaceuticals, energy, transportation, health, semiconductors, and manufacturing. Graphene, for example, is a single sheet of carbon atoms arranged in a honeycomb lattice shape that, despite its extraordinary thinness, is roughly 200 times stronger than steel. It’s also a tremendously efficient conductor that has the potential to transform semiconductor performance. Another is molybdenum disulfide, which is already being utilized in flexible electronics as nanoparticles.
“By altering the economics of a wide range of products and services, next-generation materials with much improved efficiency in numerous as-yet-untapped application sectors may possibly alter industry economics and reconfigure enterprises within them,” according to the researchers.
10. Future of clean tech trends
Clean tech trends include renewable energy, cleaner/greener transportation, energy-efficient structures, and sustainable water consumption. Clean-use tech’s is becoming more prevalent as costs fall, and its disruption is seen across a growing variety of industries.
“Companies must establish operational-improvement programs linked to technology development, procurement, manufacturing, and cost reduction to stay pace with rising business-building prospects. “Advancing clean technologies also promises an abundant supply of green energy to fuel exponential technological growth, such as in high-power computers,” says the report.