Latest Technology Trends

1. Artificial Intelligence (AI)

 AI is now well-known for its presence in image and speech recognition, ride-sharing apps,
mobile personal assistants, navigation apps, and various other applications.
 AI will be used further to analyze interactions to determine underlying connections and
insights, to help predict demand for services like hospitals enabling authorities to make
better decisions about resource utilization, and to detect the changing patterns of customer
behavior by analyzing data in near real-time, driving revenues and enhancing personalized
experiences.
 Machine Learning, a subset of AI, is used in a wide range of industries, resulting in a surge in
the market for skilled workers.
 Thanks to massive advances in artificial intelligence (AI)…the "doctor on your phone app"
model has become significantly more effective. It is arguably, now, better than the doctor,
which makes the market for healthcare powered by AI breathtakingly huge. And one little-
known company has developed the most personalized, intelligent healthcare AI app to date.
 Health Data medical supplies and services has applied AI―including machine learning―to
the treatment of hard-to-heal wounds by developing a mobile app for healthcare
professionals. The app, which is approved as a medical device, uses image recognition to
identify whether a wound is infected or inflamed. Its use has led to a substantial decrease in
unnecessary antibiotics and cut the healing time of hard-to-heal wounds from years to
months.
 Intelligent Process Automation. IPA, in a nutshell, allows bots to benefit from the abilities of
Artificial Intelligence, Big Data, Machine Learning, meaning they can learn and improve over
time. This helps these intelligent bots evolve from the ‘If-this-then-that’ rule.
 Computer vision. Computer vision uses machine-learning algorithms to help machines make
sense of images, videos, PDFs, or text and to translate that visual data through specialized
software algorithms (and contextual knowledge from humans) into actionable concepts for
decisions.

2. 5G and Enhanced Connectivity

 5G refers to networks that use cutting-edge technology, including augmented reality and
virtual reality.
  5G and other advanced, high-speed networks allow all of the other trends to be accessed
anywhere, at any time.

3. Edge computing
 Edge computing is a new technology that ensures low latency and high-speed data
processing. Edge computing allows computations to be carried out closer to data storage
systems, improving application performance.
 Bridging the gap between data and computation eliminates long-distance communication
between the server and the client, resulting in increased process speed.
 Edge computing enhances the security to a new level by countering the issues of local
compliance, privacy regulations, and data sovereignty. Although many believe that edge
computing, in fact, expands the vulnerable surface for attacks, it clearly nullifies the impact
of an organization.
 Edge computing reduces the cost of retaining the data significantly by categorizing each data
from the management perspective. As data can be retained in edge locations, it significantly
reduces the bandwidth cost and all but eliminates the redundant storage.
 As of now, edge computing is being fueled by the rapid evolution of the Internet of Things
(IoT) and in the future, it will create an unstructured architecture over a set of distributed
cloud services. For instance, we have drones that directly communicate with the enterprise
IoT platform and conduct peer-to-peer exchanges. One such example is the latest package
delivery drone by Amazon.

4. Quantum computing
 a form of computing that uses the power of quantum phenomena such as superposition and
quantum entanglement
 Because of its capability to instantly question, track, interpret, and act on data, regardless of
source, this incredible technology trend also includes preventing the spread of the
coronavirus and developing potential vaccines.
 Quantum computing is now being used in banking and finance to monitor credit risk,
perform high-frequency trading, and detect fraud.

5. Cryptocurrency and Blockchain Technology

 Cryptocurrencies used in conjunction with the security of blockchain technology provide an
integral, decentralized system to oversee data and conduct secure financial transactions.
Widely used in the sphere of start-ups, finance, and other ventures, the technology behind
cryptocurrencies continues to drastically change the world.
 Bitcoin and other Cryptocurrencies are just a part of Blockchain technology as a whole. Apart
from Cryptocurrencies, it uses various other fields such as healthcare, supply chain and
logistics, advertising, etc.
 It's a decentralized digital ledger that keeps track of any transaction through a global
network of computers.

6. Cybersecurity / IT Security Technology

 Malicious hackers attempting to gain unauthorized access to data would not give up quickly,
and they will continue to find ways to avoid even the most stringent protection measures.
It's partly due to the adoption of modern technologies to improve defense.
  Since Cybersecurity will extend to guard against hackers as long as we have them,
Cybersecurity will remain a popular technology.
 The arrival of the pandemic has created new threats as the rise of work-from anywhere has
changed the enterprise perimeter and forced organizations to protect devices that they may
not own. It is not an exaggeration to call IT security a never-ending arms race.
 Defined as any technology intended to protect the organization against security threats,
detect them, or respond to them. This would include a broad range of technologies from
simple firewalls and malware protection to AI and machine-learning-based threat detection.
 Virtual Dispersive Network (VDN) is a unique approach to cybersecurity, wherein a signal is
transmitted in short bursts or quantum packets, which can’t be covertly read without
disrupting their content. Basically, no one can intercept data sent to you without introducing
some noise in it.
 Blockchain Cyber security is a more modular, responsive security approach by centralizing
orchestration and distributing enforcement.
 Distributed-ledger technology (DLT) records transactions across a distributed infrastructure
on either private or public networks, encrypting them through unique, unchangeable hashes
(such as the SHA 256 algorithm). Using “consensus mechanisms,” multiple nodes in a
network then verify items based on permissions or economic incentives to reach majority
consensus, at which point transactions are added to the ledger.
 Zero-trust security. Zero-trust security is an approach to preventing data breaches by
eliminating the concept of trust from an organization’s network architecture and instead
following the principle of “never trust, always verify.” In contrast to perimeter-based
security models, zero-trust security uses segmentation to control access even within a
network by verifying the user, the system, and the context for accessing data.

7. Human augmentation
 Human augmentation is a broad term that encompasses innovations that seek to improve
human abilities and productivity, such as prosthetics, AR lenses, and RFID tags infused inside
humans
 This can aid in the enhancement of human cognition, perception, and action abilities. This is
accomplished by sensing and actuation technology, information fusion and fission, and
artificial intelligence.
  Human augmentation can be defined as a process by which a person’s physical and cognitive
ability is strengthened. Once implanted in a human being, it will enable the person to
execute tasks that were earlier impossible for him.

8. Augmented reality and virtual reality

 Virtual Reality (VR) is concerned with creating a realistic environment of the physical world
using computer technologies, while Augmented Reality (AR) is concerned with enhancing
the environment using computer-generated elements.
 They operate in various fields, including gaming, transportation, education, healthcare, and
many others. For example, Ed-Tech platforms are increasingly favoring Augmented Reality
and Virtual Reality to improve students' learning experiences.
 Tactile Virtual Reality. It combines the use of several types of technologies including
sensors, advanced optics, etc. bundled into a single device that provides the capability to
overlay augmented digital content into your real-time space. With the advancement of
Tactile/Haptic technology, the touch barrier can now be scaled.

9. Autonomous Driving- An Easy, Safe Driverless Drive

 Tesla and SpaceX founder and chief Elon Musk already has the future design of autonomous
vehicles and aims to go big in this industry.
 Examples of newest technology trends and functions like automated braking, lane-changing,
and automation of other in-car systems are on their way to being streamlined with the
guidance of data capture and analytics.

10. Momentary Markets- For the Transformation of Customer Analytics and Advertising
 As digital realities get more sophisticated and narrowed down to an exclusive reality of each
moment, global technology trends will align towards more customized and on-demand
experiences to fulfill customer needs. To do this, businesses will need to combine real-time
analytics capabilities with sophisticated back-end systems to capture constantly altering
customer needs. Pairing this with constantly updating digital demographics will open new
alleys for businesses to discover unmet customer needs.

11. Automation- For Advancements in Analytics

 Automation is aimed to augment people and propel business operations. It combines
packaged software, machine learning tools, and automation tools to deliver the results. In
the next couple of years, automation of data science will empower scientists to churn out
advanced analysis.
 X-Analytics are being used to find solutions to challenges, including climate change, disease
prevention and wildlife protection.
 Decision Intelligence which provides a framework to help data engineers to design, model,
execute and monitor decision models and processes in the context of business outcomes
and behaviour.

12. The Rise of 3D and 4D Printing

 Medical Upgrade - 3D printing will open a new business of advanced prosthetics as many
universities are expanding their research in 3D printing of bionic body parts. Scientists at
Princeton University, New Jersey, for instance, have 3D printed a "bionic ear" that can
"hear" radio frequencies far beyond the range of normal human capability.
  Additive manufacturing (AM), also known as 3-D or 4-D printing, is the process of joining
materials to make objects from3-D model data, usually layer upon layer. AM is the opposite
of traditional (subtractive) manufacturing, which cuts and hollows out materials. AM can be
applied across a range of materials (often including plastics, steel, and ceramics) and
industries (often including industrial parts, architectural-scale models, and consumer and
medical products).

13. Future of clean tech trends

 Renewable energy, cleaner/greener transport, energy-efficient buildings, and sustainable
water consumption are at the heart of clean tech trends. As the costs associated with clean-
tech fall, their use becomes more widespread and their disruption is felt across a growing
number of industries

14. Next-generation materials

 Developments in materials science have the potential to transform multiple market sectors,
including pharma, energy, transportation, health, semiconductors and manufacturing. Such
materials include graphene – a single layer of carbon atoms arranged in a honeycomb lattice
configuration, which is around 200 times stronger than steel, despite its incredible thinness.
It is also a very efficient conductor and promises to revolutionize semiconductor
performance. Another is molybdenum disulfide – nanoparticles of which are already being
used in flexible electronics.

15. Everything-as-a-Service (XaaS)

 It is a cloud computing term for the extensive variety of services and applications emerging
for users to access on-demand over the Internet as opposed to being utilized via on-
premises means.
 It gives the flexibility to customize your computing environments to craft the experiences
desired, all on-demand. XaaS has expanded to incorporate many services such as: Function-
as-a-Service, IT-as-a-Service, Infrastructure-as-a-Service, Security-as-a-Service, and
Database-aa-a-Service
 Infrastructure as a Service (IaaS) refers to the use of network-based computing resources
such as storage and processing without having to manage the underlying technical
infrastructure. IaaS can be offered in a public cloud or by cloud platform service providers as
a private cloud.
 IT organizations make use of IaaS for a variety of purposes, including internal production
systems, systems development and testing, disaster recovery, customer-facing systems, and
handling spikes in demand.

16. Sustainable energy solutions

Exciting new emerging energy sources such as biofuels, liquid hydrogen, and even nuclear fusion are
becoming more viable. Other breakthroughs are the use of:
 Helion Energy – a pioneer in the field of fusion energy, which replicates the process used to
create energy in the sun – expects their latest prototype fusion generator to come online
during 2022. Practical applications are also expected to emerge in the field of “green
hydrogen” energy. Unlike the established processes for creating energy from hydrogen,
which involve using large amounts of “dirty” fossil fuel energy to create electrolysis,
separating hydrogen and oxygen without emitting carbon, this involves using renewable
energy, dampening the overall environmental impact.
  With climate change becoming increasingly threatening, the need for clean-energy sources
is increasing. Several different technologies address the issues across the energy-delivery
chain, ranging from carbon-neutral energy generation to energy storage, distribution, and
carbon capture.

17. Internet of Behaviours (IoB)

 The collection and use of data to drive behaviours is called the Internet of Behaviors (IoB).
 An example of it is industrial sites having employed computer vision to determine if
employees were complying with mask protocol and then collecting this behavioural data to
be analyzed by the organizations to influence people to follow government protocols at
work.
 IoB can gather, combine and process data from many sources including: Citizen data
processed by public-sector, Commercial customer data, Government agencies, Social media,
Public domain, and Location tracking.

18. DevSecOps
 DevSecOps is short for development, security and operations. Its objective is implementing
security at the same scale and speed as development and operations and not just for the
sake of it.
 An anywhere operations model will be vital for businesses to emerge successfully from this
current economy. At its core, this operations model allows for a business to be accessed,
delivered and enabled anywhere.

19. EdTech
 With the advent of sophisticated digital technologies, EdTech is empowering educators to
expand their reach, while also empowering students to be able to learn independently via
educational software. As distance-learning technologies develop further, high-quality
education will become an increasingly affordable weapon for social equality, making
superior education accessible to people of all backgrounds.

EdTech Companies to Keep an Eye On:

 Squirrel AI, based in Shanghai, is using AI adaptive education software to intelligently
optimize and personalize students’ learning by identifying strengths and weaknesses in
students’ performance, and by giving real-time support.
 Fuzhou, China’s NetDragon is spreading across the South China coast with its useful online
teaching software, EdModo, catered towards primary schoolers, as well as its classroom VR
lesson plans with headsets and engaging VR content.
 2U is a San Francisco-based EdTech company that partners with leading universities to
create online degree programs, with live, interactive lectures, and the ability to interface
with professors and other students at the same time to bring the university to you.
  Unity is a company that offers users the ability to create AR, VR, simulation, and gaming
educational content. Unity also offers hands-on programs for teaching computer science,
laboratory exercises, and design.

20. Virtual Banking

 As the digitisation of global economies continues and financial services shift online, clients
now have the flexibility to manage their accounts and make transactions from just about
anywhere, at any time – setting new standards of seamless customer experience.

21. The Industrial Internet of Things

 It allows for the integration of devices, sensors, and machines used for manufacturing
processes to enable gathering and analyzing of generated data on a common platform,
 Insights can be used to optimize the behavior of devices, sensors, and machines in real time,
operationalized by machine-to-machine (M2M) communication, creating a data-driven
manufacturing ecosystem.

22. Robots/Cobots/robotic process automation

 Robots and collaborative robots (cobots) serve three types of application: domestic service,
professional service, and industrial. Three technology segments exist: stand-
alone/autonomous robots, cobots, and mobile robots.
 Across applications and segments, robots/cobots can be configured through programs or a
source of intelligence to fulfill tasks. Through robotic process automation (RPA), robotic
programs can execute virtual tasks without requiring physical robots/cobots.
23. Digital Twins
 DT is a digital replica of an asset that integrates data from both the digital and physical world
to enable: 1) Virtual engineering within the product-development, manufacturing-process-
planning, tool-development, and serviceability-cost-optimization processes 2) performance
optimization of operating assets
 By integrating end-to-end data from design, engineering, manufacturing, and service
functions, simulations can mimic the desired state of an asset or its behavior in real-world
scenarios.

24. Strategy, Engineered: Tech-enabled business strategy, optimized for agility

 Winning in a volatile environment requires an integrated corporate and technology strategy,
enabling organizational nimbleness, scalability, stability, and optionality. A growing number
are shifting to a fluid and agile process for formulating, evaluating, and executing corporate
and business unit strategies by employing technology tools that continually sense,
anticipate, and monitor the effectiveness of their strategic choices and execution.
 The result: more timely and smarter choices that could lead to faster adaptation, bolder
strategic choices, and sustainable competitive advantage.

Sources:
https://www.mobileappdaily.com/future-technology-trends
https://www.weforum.org/agenda/2021/10/technology-trends-2021-mckinsey/
https://www.computereconomics.com/article.cfm?id=3085
https://www.forbes.com/sites/bernardmarr/2021/09/27/the-5-biggest-technology-trends-in-2022/?
sh=2b66ba162414
https://www.edureka.co/blog/top-10-trending-technologies/
https://hivelife.com/edtech/
https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights
https://www2.deloitte.com/us/en/insights/focus/tech-trends.html
https://www.simplilearn.com/top-technology-trends-and-jobs-article
https://www.proquest.com/docview/2592214992?pq-origsite=primo&accountid=190474