In today’s fast-moving digitalized world, technological innovations are taking place in the blink of an eye. With advanced technologies, such as IoT, AI, blockchain, AR and more being a part of the core strategy of organizations, innovations are driving industries to revolutionize and accelerate the digital transformation. Since Covid-19, the need for digitalization and tech innovations has fastened up and established its importance in today’s world. 2020 and 2021 have seen major developments in blockchain adoption, smart manufacturing, AR augmented retail applications and more. Thus, 2022 also shall bring in a wave of newer trends and applications of such technologies and it is exciting to see what lies ahead of us in terms of tech innovation offerings. Here are some trends we can expect in 2022 and beyond:
AI-enabled automation/ Hyperautomation
AI is known to power automation in various fields of business. Hyperautomation facilitates automation of most processes, reduces human intervention, fastens the pace of operations, and thus is highly beneficial for businesses. Ever since Covid-19 hit the world, the need for automating processes has been on the rise. To catalyze productivity and reduce costs, hyperautomation seems to be highly efficient. 2022 and beyond shall see increased adoption of hyperautomation across industries worldwide. Gartner predicts that the worldwide hyper automation-enabling software market will likely reach nearly $600 billion by 2022. In this digital-first world, hyperautomation has become a necessity in order to fasten up the digital transformation/acceleration process.
Decision Intelligence (DI) on the rise
Decision-making powered by technologies such as Artificial intelligence, machine learning, etc., allows for businesses to make data-driven, insightful, and faster decisions. These decisions are backed with significant data, and allow for problem-solving as well. Banking and finance giants, Morgan Stanley and Lloyds group use DI for their wealth management platform and other business processes, which gives them the opportunity to analyze customer behavior, attend to their needs better and give a personalized touch. Gartner predicts that by 2023, a third of organizations will be using DI for structured decision-making.
Smart city adoption
Forbes too talks about how smart city technologies will emerge to be a rising software trend in 2022 and beyond as the urban population demands more efficient and smarter cities. The global smart city market size is expected to grow from USD 457.0 billion in 2021 to USD 873.7 billion by 2026, at a CAGR of 13.8% during the forecast period. IoT, sensor technology, blockchain, and more play integral roles in smart city development. These digital technologies enable better decision-making, facilitate improved traffic management, energy conservation, climate control, and better quality of life.
5G
A wide range of industries from computing, manufacturing, healthcare, entertainment, and more have increased their adoption of 5G to enable a more connected and digitized world. 5G has the capability to address and work with technologies such as 3D robotic control, virtual reality monitoring, and more. It enables connectivity among objects, devices, machines, and more. 5G technology is the next advanced evolution of 4G and aims to enable a much faster pace of activities when compared to 4G. The 5G subscriptions worldwide are expected to cross 1 billion in 2022 (Statista). According to a Mckinsey report, in the B2B sphere, the total revenue for 5G IoT modules is expected to increase from USD 180 million in 2022 to USD 10 billion by 2030. This signifies the high growth rate 5G is expected to rise at. Also, by 2025, 5G networks are expected to cover one-third of the world’s population (GSMA). Qualcomm, Ericsson, Samsung, Huawei, are some of the main 5G players in the market.
Everything blockchain
IDC reports that in 2021, nearly $6.6billion will be spent on blockchain solutions this year, which is 50% higher than 2020 and will also face a 75% increase in 2022 amounting to $11.7 billion. It also reports that blockchain spending will see an increased growth (2020-2024) at a CAGR of 48%. It is also said that blockchain services will be utilized to track the distribution and delivery of vaccines in 2022. This application is also being increasingly adopted by retailers to track the delivery of products to customers more efficiently than ever. NFTs powered by blockchain technology are gaining relevance to claim one’s right over a digital asset. In 2022, it is also expected that blockchain-as-a-service shall be offered by major companies such as Amazon, Microsoft, IBM, etc. leading to the accessibility of blockchain in the marketplace. Acceptance of cryptocurrency in retail and other sectors is also considered as a possible change coming up in 2022 which brings us to the next trend below.
Cryptocurrency
Cryptocurrency has been the talk for a while now. In 2022 too, it is expected to grow to be a more relevant and adopted form of investment. Since Covid-19 cryptocurrencies have been through a roller coaster but this has not stopped the entry of newer cryptocurrencies into the cryptocurrency market apart from the well-known Bitcoin, Ethereum, and so on. Currently, the second-largest cryptocurrency Ethereum may take over Bitcoin’s first position in 2022 (Yahoo News). The acceptance of cryptocurrency as a legal method of payment may also increase in 2022 which will tackle its major obstacle and make room for newer cryptocurrencies and innovations within them. To tackle the unregulated nature of cryptocurrency and make it a viable payment method/currency, many countries such as China plan to launch their own digital currency. This will also reduce the misuse of cryptocurrencies. The retail industry too can expect major changes if retailers start accepting crypto as a method of payment, for which buzz was already created by Amazon in 2021 when it considered Bitcoin for product payments. Innovations to reduce the carbon footprint while mining such currencies can also be expected as the world urges us to take further careful steps and decisions keeping a greener environment in mind. Thus possibilities with innovations in terms of cryptocurrencies seem endless in 2022 and beyond.
Generative AI
Yet another application of AI, generative AI is set to raise the standards of AI use cases and provide reasons for organizations around the world to adopt it. It works on an algorithm that has the capability to use data in form of text, audio, images, and so on and generate similar content. This self-learning algorithm allows for higher-quality outputs. This application of AI comes with its set of limitations, and thus provides room for innovations and opportunities to come up with technologies/ways to tackle them. Healthcare can be majorly benefitted from generative AI, and IBM has already begun to leverage it by researching Antimicrobial peptides to find drugs for Covid-19. Gartner predicts that by 2025, generative AI may account for 10% of all data produced, which currently lies at 1% today.
Technologies running Smart Devices
From smart cars to wearables such as smartwatches, to TVs, smartphones, and more, various technologies have resulted in making our lives more convenient and tech-driven. IoT is one of the major driving technologies behind this connectedness of smart devices. The number of wearable connected devices is forecasted to reach more than 1 billion by 2022 as per Statista. With many more brands entering this segment, we can expect newer and interesting features added to the list. The wearables market, though dominated by smartwatches, is seeing many new products such as hearables, smart patches, and more. Applications of smart wearables in today’s Covid-19 era, to track Covid symptoms was a relevant and much-needed innovation and will continue to be as we fight to get rid of Covid-19 in 2022 too. Presently 4G, but 5G soon too will help with the connectivity of such devices. As per Statista, the number of wearable devices linked to 4G will increase by 89 million in 2022, connecting over 900 million people. Newer innovations such as smart helmets are also about to experience growth as they come with interesting features such as tracking speed, stamina, listening to music, GPS services, and more.
Cloud-Native Platforms (CNPs)
Gartner predicts that by 2025, 95% of all new digital initiatives will have CNP as their foundation, up from the current 40% in 2021. In the current times, the need to adopt cloud-native application/approach rather than the traditional on premises approach of infrastructure is more evident than ever. Mckinsey reports that by 2022, more than 70% of enterprises will depend on some form of cloud management tool for various business purposes. Taking cloud computing up a notch, CNPs aim to make infrastructure management effortless. Speed of service, reduced costs, auto scalability and more are some benefits of CNP. The global cloud revenue is $474 billion in 2022, as it becomes the core of business operations in this ever-so digitized world.
AR/VR powered “Virtual try on”
Revolutionizing the retail industry, this AR/VR trend is making heads turn with its innovative and catchy virtual try-on capability. In-store- AR mirrors/Smart mirrors provide a delightful experience to customers as they allow them to virtually try on clothes which also saves their time and effort to a great extent. According to Businesswire, the application of VR and AR in the retail market is projected to reach US$ 17864.86 million by 2028 from US$ 3790.94 million in 2021 at a CAGR of 24.8% for the forecasted period. This depicts the scope of innovation and adoption that is about to happen in this field. As of now, only major brands such as Ikea, Loreal, Nike, and so on are leveraging the potential of AR/VR applications in retail and hopefully, 2022 will see further increased adoption. Read more about applications of AR/VR we can see in the retail sector in 2022 and beyond here.
Conclusion
While these are just some of the tech trends we can expect in 2022, the actual number is quite high as organizations around the world are moving towards a digitally transformed space to operate in. With recent changes and situations, we have been subjected to, these technological innovations have proved to be our helping hand and continue to do so with their enormous capabilities. With every year passing by we are seeing increased adoption of technologies to deal with problem-solving, enhanced customer experience, reduced costs, and finally provide a competitive advantage in this ever so competitive world.
LET’S TALK
Tags: Innovation, Technology, Technology Trend
FAQs
What are some new inventions in 2022? ›
- Color Changing Cars : BMW IX Flow. ...
- Humanoid Robot : Ameca. ...
- Smart Bathing : PerfectFill. ...
- Foldable Tech Devices : Zenbook, Galaxy flip, etc. ...
- COVID-19 Breathalyzer Test : ViraWarn Freedom. ...
- Health Body Scans : Withings body scan. ...
- Digital Twins. ...
- Flying Vehicles : SkyDrive's flying vehicle.
- Blockchain. ...
- Edge Computing. ...
- Internet of Behaviors. ...
- Predictive analytics. ...
- Snowflake. ...
- DevOps. ...
- Robotics. ...
- AI as a Service. The term "AI as a Service" refers to a cloud-based service that provides artificial intelligence capabilities.
- Augmented Reality & Virtual Reality (AR & VR) ...
- Cybersecurity. ...
- 5G Network. ...
- IoT (Internet of Things) ...
- Machine Learning (ML) ...
- Fintech. ...
- Cloud Computing. ...
- Voice Assistance. Voice assistance platforms and software are highly popular these days.
Its most prominent impact, however, lies in the future and so in the emergence phase is still somewhat uncertain and ambiguous." Emerging technologies include a variety of technologies such as educational technology, information technology, nanotechnology, biotechnology, robotics, and artificial intelligence.
What's the next big tech trend? ›The Hyper-Connected, Intelligent World
This is what is known as the Internet of Things (IoT), and its impact on our lives will continue to be felt strongly in 2023. The focus will continue to grow on enabling more useful and complex machine-to-machine interactions.
- Internet of Things (IoT)
- Intelligent Apps.
- 5G.
- Machine Learning.
- Blockchain.
- Cognitive Computing.
- Augmented Reality/Virtual Reality.
- DevOps.
Here are some of the top technology trends for 2022: Artificial Intelligence (AI) and Machine Learning (ML) Robotic Process Automation (RPA) Edge Computing.
What is the latest discovery in science 2022? ›Two black holes merged
On April 11, 2022, a new observation was published in the journal Physical Review Letters, describing the merger of two black holes which resulted in a violent shift in velocity.
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Popular Blockchain Courses:
- Blockchain: Foundations and Use Cases on Coursera.
- Ethereum Blockchain Developer Bootcamp With Solidity (2021) on Udemy.
- Blockchain and Cryptocurrency Explained on Coursera.
Neal Stephenson, Snow Crash (1992). In futurism and science fiction, the metaverse is a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets.
What are the future technologies? ›
AI and machine learning are the foundation on which many other technologies are built. For instance, without AI, we wouldn't have achieved the amazing advances in the Internet of Things, virtual reality, chatbots, facial recognition, robotics, automation, or self-driving cars, just to name a few.
What is the easiest tech skills to learn? ›- Cloud Computing. ...
- Cybersecurity. ...
- Data Analytics. ...
- Artificial Intelligence. ...
- User Experience (UX) Design. ...
- Mobile App Development. ...
- Web Development. ...
- Social Media Marketing.
They include: artificial intelligence (AI), augmented reality (AR), blockchain, drones, Internet of Things (IoT), robotics, 3D printing and virtual reality (VR). Today, the Essential Eight continue to evolve and make their mark — with the pandemic accelerating emerging tech adoption.
What future trends do you expect to see in 10 years? ›- Process automation and virtualization. ...
- The future of connectivity. ...
- Distributed infrastructure. ...
- Next-generation computing. ...
- Applied Artificial Intelligence (AI) ...
- Future of programming. ...
- Trust architecture. ...
- Bio Revolution.
...
- Mobile Internet. ...
- Artificial Intelligence. ...
- Virtual and augmented reality. ...
- Cloud technology. ...
- Internet of Things. ...
- Advanced robotics. ...
- Biometric technology. ...
- 3D printing.
- Ultra-Baggy Denim. Balenciaga cotton baggy jeans. ...
- Leather Jackets: The Epitome of Cool. ...
- Punk Prep. ...
- Saturated and Strokable Knits. ...
- Bigger, Better Bomber Jackets. ...
- The White-Tank-and-Blue-Jean Formula. ...
- Floor-Skimming Hemlines. ...
- Tailored Waistcoats.
...
Fashion trends 2023: New season styles revealed
- Purple Hues. ...
- Tassel Details. ...
- Lace and Laser Cutting. ...
- Frothy and feathery. ...
- Rays of sunshine. ...
- Sports Luxe. ...
- Bubble Hems. ...
- Ruffles.
- Security. Security should be foundational to any IT team. ...
- Programming. Being able to program will be a must for those who want to develop software, web applications, and websites. ...
- Systems and networks. ...
- Data analysis. ...
- DevOps. ...
- Cloud computing. ...
- Machine learning.
Astronomers report the discovery of HD1, considered to be the earliest and most distant known galaxy yet identified in the observable universe, located only about 330 million years after the Big Bang 13.8 billion years ago, a light-travel distance of 13.5 billion light-years from Earth, and, due to the expansion of the ...
What was the top science story of 2022? ›Dinosaur-Killing Asteroid Triggered Global Tsunami That Scoured Seafloor Thousands of Miles from Impact Site. Oct. 4, 2022 — The miles-wide asteroid that struck Earth 66 million years ago wiped out nearly all the dinosaurs and roughly three-quarters ...
What was discovered in space in 2022? ›
Black Hole Discovered Firing Jets at Neighboring Galaxy
Oct. 12, 2022 — A team of astronomers has discovered a unique black hole spewing a fiery jet at another galaxy. The black hole is hosted by a galaxy around one billion light years away from Earth named ...
In 2022, consumers want to feel a stronger connection with brands, be part of a community, and get more value from their purchasing experiences.
What is the hottest tech skill in demand today? ›- Basic programming. Programming basics is a frequent in-demand skill even among non-tech jobs. ...
- Low-code platforms. Gartner predicts that by 2024, 65% of all software development activity will be low code. ...
- UI/UX design. ...
- Data engineering. ...
- Data visualization. ...
- Video editing. ...
- CRMs. ...
- Product management.
- Coding And Software Enhancement.
- Artificial Intelligence.
- Networking Development.
- Soft Skills.
- Algorithms Designer.
- Cloud Computing.
- UI Designer.
- Online Framework.
- Digital Marketing & Strategy.
- Process Automation.
- Business development.
- Digital Transformation.
- Information Security (including the cybersecurity subset of information security)
- Software and Application Development (UX/UI, blockchain programming)
- Internet of Things.
The short answer: no one, and everyone. The longer, more helpful answer: the tool builders, the software developers, world builders, artists, 3D modelers, game developers, users, investors, those are the proverbial owners of the metaverse.
Who is leading metaverse? ›NVIDIA. No surprise for one of the most well-known names in the gaming industry, NVIDIA is one of the most important companies tackling the Metaverse market. It is heading a tool called Omniverse, designed for creating interoperable Metaverse-ready materials.
Who invented metaverse? ›Neal Stephenson Coined 'Metaverse' in 1992.
What is the next tech revolution? ›The fourth revolution is marked by a mix of technologies that blurs the lines between the physical, digital, and biological worlds. Metaverse, Virtual Reality/ Augmented Reality (AR/VR) will play a big role in the fourth revolution. It will touch every part of our lives in a way we've never seen before.
What new tech ideas does the world need? ›- Heart-Monitoring Clothes. ...
- AI and Scientific Experiments. ...
- The AI Revolution. ...
- Cancer-Detecting Smart Needles. ...
- Self-Driving Cars. ...
- The Evolution of Smartphones. ...
- Connecting the World to the Internet. ...
- 3D Printing.
What skill can I learn in 3 months? ›
...
Only those skills that passed this three (3) criteria are listed in this article.
- Phones Repairs. ...
- Hair Barbing. ...
- House Painting. ...
- Web Design. ...
- Graphic Design. ...
- Photography. ...
- Laundry Services. ...
- Snacks Production.
Computer skills
If the job you are applying for requires more advanced computer skills, be sure to highlight these on your resume as well if you possess them. Computer skills to highlight include being able to use word processing, spreadsheets, social media, data visualization and email communication.
- Mobile App Development.
- Web Programming/Web Design.
- Artificial Intelligence.
- Data Analytics.
- DevOps.
- UI/UX Development.
- Database Administration.
- Cyber Security.
- Pearlcore. Pearls are all the rage this year, based on Pinterest's report. ...
- Luxury laundry rooms. ...
- Nightdresses. ...
- Curved sofas. ...
- Biophilic offices. ...
- Tiny library rooms. ...
- Furniture dog beds. ...
- Trendy watches.
- Bionic Eyes. ...
- Airport for Flying Taxis. ...
- Bricks with Energy. ...
- Sweat Powered Smartwatches. ...
- Living Robots. ...
- Heart Monitoring Attire. ...
- Super-Fast Charging Car Batteries. ...
- Silicon Chips with Artificial Neurons.
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- Mobile Internet. ...
- Artificial Intelligence. ...
- Virtual and augmented reality. ...
- Cloud technology. ...
- Internet of Things. ...
- Advanced robotics. ...
- Biometric technology. ...
- 3D printing.
According to Forbes, by 2050, IoT technology will be in 95% of electronics for new product designs. And by 2050 it is expected to have everything connected to the cloud and to the internet. According to Business Insider, Space tourism could be feasible in 2050, but likely only for the very wealthy.
What is the most searched product on Google 2022? ›- Clothing. 42% of searches.
- Video Games. 30% of searches.
- Toys. 14% of searches.
- Cosmetics. 10% of searches.
- Electronics. 2% of searches.
- Home appliance. 2% of searches.
Here are some of the top technology trends for 2022: Artificial Intelligence (AI) and Machine Learning (ML) Robotic Process Automation (RPA) Edge Computing.
What tech will we have in 20 years? ›- The World's First Artificial General Intelligence Is Close To Becoming A Reality. ...
- Human-Like Robots Are Emerging. ...
- Smart Cities Are Emerging In Some Regions. ...
- Brain-Computer Interfaces Have Improved By Orders Of Magnitude. ...
- Bionic Eyes Are Perfected.
What new technology is coming out in 2030? ›
Human-Like AI Will Likely Become A Reality
By 2030, there will be exponential improvements of computer processing power, voice recognition, image recognition, deep learning and other software algorithms. Likewise, natural language processing technologies like GPT-3 are constantly being updated and surpassed.
Artificial Intelligence (Robots & Reincarnation)
Experts state that it is feasible to believe that machines and computers will gain consciousness with the ability of AI and capable even more of a human. Companies like DeepMind are expected to bring about this change and they're very keen about their vision.
- The Telephone.
- The Light Bulb.
- The Television.
- Personal Computers.
- Global Positioning System.
- The Internet: ARPANET.
- GPS Navigation.
- The Digital Camera.
The fourth revolution is marked by a mix of technologies that blurs the lines between the physical, digital, and biological worlds. Metaverse, Virtual Reality/ Augmented Reality (AR/VR) will play a big role in the fourth revolution. It will touch every part of our lives in a way we've never seen before.
What technology is predicted for the future? ›The top three tech trends that are anticipated to dominate in 2022 are datacentric AI, remote medicine, and health, safety, and wearable biomedical technologies. Converging technologies increasingly play crucial roles in disruption and are becoming essential for our survival.
What should I invent in the future? ›- Emotional Artificial Intelligence. ...
- Self driving cars. ...
- New mobility innovations such as hyperfast trains. ...
- Smart Homes. ...
- Gene predictions. ...
- Microchips and Human Augmentation. ...
- Nanorobotics. ...
- Robotics.
- Heart-Monitoring Clothes. ...
- AI and Scientific Experiments. ...
- The AI Revolution. ...
- Cancer-Detecting Smart Needles. ...
- Self-Driving Cars. ...
- The Evolution of Smartphones. ...
- Connecting the World to the Internet. ...
- 3D Printing.