Today, technology is developing at the most rapid pace, thereby producing the most patent filings as well as capital for ventures. The recent developments in tech have introduced us to the Internet of Things (IoT), jet-speed breaking in connectivity through 5G, and next-level process automation and virtualization.
However, with this rapid growth in technology, a lot more have evolved, owing to the outbreak of the COVID-19 pandemic. This makes IT professionals curious to understand their role in designing and developing technologies that would be relevant in the contactless world tomorrow. Not just that, with this acceleration of all things digital, companies and executives have to know which technology trends matter the most.
As per the entrepreneur and futurist, Peter Diamandis, within the next decade, the nation is going to experience progress in technology that is going to surpass the advancements made in the past 100 years in totality.
This is because of the fact that technology is ought to restructure a lot of industries and domains, including energy, transportation, and health and materials sciences.
This is going to have broad implications for enterprises as value chains are going to be affected due to the combination of 3-D or 4-D printing with next-generation materials. This would eliminate the demand for spare parts as manufacturers would be able to meet the needs that suppliers fulfilled previously.
Not just that, retailers would be able to combine immersive and spatial computing, sensors, AI, computer vision, and augmented reality to attract customers by offering video game-like experiences.
Have you ever thought what it would be like if a fully automated finance function in your company would gain control over science-based industries like pharmaceutical or chemical through virtualized R&D functions? Well, that day is not very far away!
However, the way in which your company adapts to these new heights of rapid innovation is going to be the gamechanger.
In order, to do so, it is imperative to stay updated with the trends in technology and understand their applicability across industries. Henceforth, we take you through the top emerging tech trends that can drive your business in 2022.
Robotics and Automation
Robotic Process Automation (RPA) is the technology that facilitates automation of jobs. It is a software used for dealing with data, interpreting applications, replying to emails, and processing transactions.
The arena of robotics has been introduced to us ever since more intelligent automation took off, and gradually it started being used in the manufacturing and healthcare industry.
Nowadays, what we see are mostly hard-to-program stationary robots, but with this emerging trend, it won’t be difficult to develop Autonomous Mobile Robots (AMR), that are stationary robots on the move, and programmed with machine learning.
If predictions are to be believed, Forrester Research estimates that 230 million or 9% of the global workforce would have to face the threat to their livelihood. Not just that, it is believed 6 out of 8 million robots shipped worldwide would be mobile, thereby constituting 75% of it.
Artificial Intelligence (AI) & Machine Learning
The developments that the field of Artificial Intelligence and Machine Learning has made in the past decade has created a lot of buzz. This new technology trend has the capability to generate notable effects on our life in the form of how we live, work, and play.
Image and speech recognition is one of the most important factors that has helped AI gain superiority in the market. Additionally, navigation applications, ride-sharing apps, and smartphone personal assistants. As an emerging trend, AI would be used in the future to analyze emerging interaction that would determine underlying insights and connections.
It would assist in assessing the need for a particular service, thereby enabling organizations to study the changing pattern of behavior within customers and taking well-informed decisions about resource utilization.
As the domain would spread its wings across sectors, a lot of employment would be created in programming, development, maintenance, support, and testing. Currently, the global spending on cognitive and AI systems is $57 billion, and by 2025, the AI market is predicted to reach $190 dollars.
Machine learning is a subset of AI, that along with automation and AI is predicted to create 9 percent of new U.S. jobs by 2025. This would increase the demand for data scientists, automation specialists, robot monitoring professionals, content curators, etc.
Blockchain technology
Whenever we think about blockchain, the first thing that comes to our mind is cryptocurrencies like Bitcoin. However, in reality, it is much more than that, and effectively offers security. To explain blockchain, it would be best to say that it is the data to which a user can only add to, rather than taking away or changing, thereby making a chain of data.
Since the previous block of chains cannot be changed, it remains secure. A single entity cannot take control over the data, and there is no involvement of a third-party to validate or oversee transactions.
An increase in the usage of blockchain has created a demand for skilled professionals, who are well-equipped with web app development, the fundamentals of OOPS, data structures, programming languages, flat and relational databases, and networking.
5G
Till date, the 3G and 4G technologies have given us immense scope to browse the internet. Besides browsing and using data-driven services, the bandwidth for streaming on Spotify or YouTube has increased.
However, with the emergence of 5G technology, this entire internet service scenario is going to change. To start with, people can enjoy cloud-based gaming services like NVidia GeForce Now, Google Stadia, and much more.
Telecom companies like QualComm, Nokia Corp, Apple, Tmobile, and Verizon are working towards launching their 5G applications, and it is anticipated that by 2024, 5G networks would cover 40% of the world.
Everyday, we see multiple technologies mature and evolve all around us. However, these four technology trends that are listed above have the capability to offer promising career potential not just in the present, but also in the foreseeable future, thereby increasing the demand for skilled professionals in almost every sphere of technology.
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