Understanding the implications of this shift might help individuals and organizations avoid unpleasant systemic shocks. Businesses that take advantage of technological advancements have a better chance of making a profit.
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📈 Top Tech Trends 📈
🔰 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," McKinsey predicts. Robots, automation, 3D printing, and other technologies will generate 79.4 zettabytes of data each year.
🔰 The future of connectivity
Faster digital connections, enabled by 5G and the Internet of Things, have the potential to spur economic growth. So much so that installing speedier connections in "transport, healthcare, manufacturing, and retail" could boost global GDP by $1.2 trillion to $2 trillion by 2030.
"Broad alterations in the business landscape will be driven by far better network availability and capability, from production digitization (through wireless control of mobile tools, machines, and robots) to decentralized energy distribution and remote patient monitoring."
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🔰 Distributed infrastructure
70% of businesses will use hybrid 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 the information.
According to McKinsey, "this tech trend will help firms increase their speed and agility, decrease complexity, save money, and strengthen their cybersecurity defenses."
🔰 Next-generation computing
"Helping uncover answers to problems that have troubled science and society for years, unlocking unparalleled capabilities for enterprises," according to McKinsey.
It covers a wide range of technologies, from quantum AI to completely autonomous vehicles, and as a result, it won't be of immediate interest to all businesses. "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, according to McKinsey.
AI is one of the most important technological developments. 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 act on what they have discovered.
🔰 Artificial Intelligence in Practice (AI)
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 considerable value from AI if it's deployed well and in a repeatable way, less than a quarter of respondents indicate significant bottom-line impact."
🔰 Future of programming
🔰 Future of programming
The rapid advancement of technology emphasizes the importance for IT and computer industry workers to keep their coding, programming, and design technology abilities up to date.
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 feasible to standardize and automate existing software and development processes.
🔰 Trust architecture
Over 8.5 billion data records were exposed in 2019. Criminals continue to increase their efforts despite breakthroughs in cybersecurity. Trust architectures will aid in the battle against cybercrime as a growing technological trend.
Distributed ledgers, such as blockchain, are one method of constructing a trust architecture. "Trust architectures minimize the cost of complying with security requirements, cut the operating and capital expenses connected with cybersecurity, and enable more cost-efficient transactions, for example, between buyers and sellers," according to McKinsey.
🔰 The bio revolution
According to McKinsey, there is a "confluence of biological science developments" that "promises a huge impact on economies and human lives, affecting industries ranging from health and agriculture to consumer products, energy, and materials."
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 changes will open up new markets, but they will also raise some serious ethical concerns. "Organizations must evaluate their bQ, or biological quotient, which measures how well they comprehend biological science and its ramifications. They should next decide how much money to devote to biological technologies and capabilities, and whether to integrate them into existing R&D or partner with science-based start-ups," McKinsey advises.
🔰 Materials of the future
Materials science advances have the potential to change 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 form that, despite its extraordinary thinness, is 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.
Next-generation materials with much-improved efficiency in numerous as-yet-untapped application areas may well transform industry economics and restructure enterprises within them, according to McKinsey.
🔰 Clean technology trends for the future
The clean-tech trend is centered on renewable energy, cleaner/greener transportation, energy-efficient structures, and sustainable water consumption. Clean-adoption techs are becoming more prevalent as costs fall, and its disruption is seen across a rising range of industries, according to McKinsey.
"Companies must plan operational improvement programs linked to technology development, procurement, manufacturing, and cost reduction to stay pace with rising business-building prospects," McKinsey argues. "Advancing clean technologies also promise a plentiful supply of green energy to support exponential technological advancement, such as in high-power computing."
Bottom line
Any change is frightening, but keeping up with current events is even more so. Part of the challenge is determining which improvements are the most significant and which are less likely to produce results.
Read Articles:
NEW TECHNOLOGY TRENDS FOR 2022
Read Articles:
NEW TECHNOLOGY TRENDS FOR 2022
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