Last Updated 2 months by Emily Standley-Allard
Technology! AI! It’s all the rage! Whether you run a mom-and-pop retail store or a Amazon type ecommerce giant everyone could use another helping hand. Here’s some top techno trends to keep an eye on to help run your business more efficiently.
2021 literally lay the foundation for the fourth industrial revolution introducing us to advanced technologies the world has never known. With the mass expansion of robotics, nanotechnologies, and AI, we optimistically look ahead to even more advanced technological trends that will help improve business processes and allow companies to provide a better user experience.
By 2025 there will be 75 billion connected devices in the world! – Statista.com
In the words of Jean Luc Picard of the Starship Enterprise, it’s time to ‘engage’!
Top Technology Trends>>>
Blockchain Technology Trend
The blockchain technology industry revenue is predicted to hit $20 billion by 2024.
Blockchain technology is nothing new, but now, it will become a part of almost every industry.
The technology behind blockchain makes it ideal for industries such as banking, healthcare, travel, ecommerce and many others.
Major companies that use blockchain technology currently are Microsoft, Walmart, Amazon, Nvidia Tencent, J.P. Morgan, Alibaba, PayPal and Samsung.
The appeal behind blockchain technology is that it focuses on creating decentralized digital ledgers that store and track information across multiple locations. The approach makes it impossible to hack, as all identification requires complex calculations.
Technology Trend – IOT (Internet of Things)
“Someone needs to refill the Coca-Cola machine!” The world’s first IoT device was created back in 1980 at the Carnegie Mellon University to notify students when to refill the soda machine.
According to TDengine, the Internet of Things (IoT) describes the network of physical objects or “things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.
These devices range from ordinary household objects to sophisticated industrial tools. With more than 7 billion connected IoT devices today, experts are expecting this number to grow to 22 billion by 2025.
A list of top applications that utilize IoT are:
- Smart homes/appliances
- Self-driven cars
- Farming equipment
- IoT retail shops
- Industrial internet
- Smart Grids
- Smart Cities
IoT devices also became the go to solution for contact tracing during the Covid-19 Pandemic, giving companies a way to prevent outbreaks in their facilities.
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Technology Trend – AI – Automated Intelligence
“Hey Alexa! Play the score from Hamilton”.
AI – aka cleverbot, wintermute, constitutional robocracy and other urban slang. AI is a household term now which increases efficiency and productivity due to the availability of increasing computer power and applications.
AI focuses on the automation of business processes across multiple industries. AI powered robots, devices and logistics managers have been aided by AI technology because it doesn’t require a lot of coding and had the ability to deploy quickly.
Newer AI technologies such as advanced natural language processing and machine learning systems have reached and surpassed human capabilities.
The ability to learn entire new languages, create content for websites, scan entire systems, and make accurate decisions is all due to AI.
Think devices in your home and office that already use AI; Google assistant, Alexa, Siri all use AI to continue to improve a variety of practices in the future.
2022 will be the year when most major companies start to introduce AI into their processes, and this is just the beginning.
Technology Trend – 5G Tech
5G focuses on improving internet speeds to allow data to be instantly transferred. Compared to 4G, it’s able to increase speeds by tenfold.
With that being said, there are still some improvements to be made.
5G uses millimeter waves to transmit data. The current wavelength spectrum allows for the data to travel only on short distances. For tings to work smoothly, governments have to install billions of 5G antennas everywhere. Another stumbling block is that the waves cannot penetrate through walls or thick structures, so these antennas have to be installed inside large buildings as well.
There are still many obstacles in adopting 5G, but the overarching outlook is that it will ultimately redefine entire industries by improving connection speeds, act as the support system for things such as connecting autonomous vehicles to the internet, improving virtual reality and bringing IoT to the next level.
Technology Trend – Quantum Computing
“I’ll be back” – Just as Arnold forecasted the revolution of the supercomputers in the blockbuster film ‘Terminator.’
With the latest generation of quantum computers, supercomputers use quantum bits, properties of quantum physics to store data, rather than the regular pokey binary system. What would take traditional computers ten thousand years to process, takes a supercomputer just 3 short minutes.
These mega computers are so smart, they can break through any 256-bit encryption n seconds, using algorithms that are able to complete seemingly impossible tasks.
Should you worry about a quantum computer hacking into your crypto Meta Mask wallet? Not just yet, according to Newscience.com as this computer is still a million times too small to break the algorithm that secures Bitcoin.
Technology Trend – Data Fabric
Cotton, rayon, velvet chiffon? Nope we’re talking ‘data fabric.’
Data fabric allows for the flexible reliable integration of data sources across platforms and business users, ensuring that data is available where it is needed regardless of its location.
Data fabric learns and actively indicates where data can be used and updated using analytics. This helps you save up to 70% on data management.
Technology Trend – From Zero Trust to Cybersecurity Mesh
‘Trust starts with truth and ends with truth.’
Zero Trust is a security framework introduced almost two decades ago. The architecture required all users to be authenticated, authorized, and continuously validated for security configuration.
Today it is no longer assumed that access to a resource through one particular network is secure. Enter cybersecurity mesh which was developed into the pool of security design options less than a year ago.
In light of the ‘work from anywhere’ movement, security teams have had to rethink their security architecture in order to allow users to gain access to their resources by establishing a secure perimeter (mesh) around not just the entire network, but on protecting each device and access point.
These security policies apply at the identity level, the individual level vs at the network level by using firewalls, checking IP addresses and controlling ports. So, no matter how the infrastructure changes, resources will remain secure.
“What we’re seeing is a transition – the beginning of an S curve of growth for the data center industry – unlike the internet bubble of 2000 which involved ideas that had yet to generate any revenue, the cloud with upward of 4 trillion in market cap, is a real business with real opportunities – this isn’t a bubble.” – Dave Crowley Chief Technical Advisor at Microsoft
More Interesting Technology Stats
8.4 billion voice assistants by 2024 – Statista.com
By 2025, 500 million virtual reality headsets will be sold – Forbes.com
The global machine learning market is expected to reach $20.83 billion in 2024. – Finance Online Forbes
$183.24 billion generated revenue by web hosting services marketplace by 2026 – Fortune Business Insight
83 billion by 2024 – Finance Online Forbes
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