The importance of the development of technology in the world made us want to collect a list of a group of new technologies briefly here and provide brief but useful information about them.
1. Artificial Intelligence (AI) and Machine Learning (ML)
With a projected growth of 20.1% CAGR between 2022 and 2029, the global artificial intelligence market size is expected to witness unprecedented levels of growth during the forecast period, expanding a large share of the innovation and invention market.
For example, to deal with the global pandemic, the demand for artificial intelligence with models and tools that are able to improve and support traditional decision-making and analysis frameworks has made its way into the healthcare industry and among other services in the field of medicine and medicine. Artificial intelligence is also used in inventions.
As the need for AI and ML in industries increases, new jobs will be created in development, engineering, analytics, technical support and maintenance.
2. Internet of Things (IoT)
IoT is an essential technology for the creation of a network of connected devices that can continuously share data and information with other devices in real-time. As of 2021, the global IoT market had a valuation of over $260 billion.
We will be witnessing a massive increase in the amount of data volume pertaining to IoT connections in the coming years with the overall IoT data reaching over 79 zettabytes by 2025. The extensive adoption of the technology presents plenty of career opportunities across a variety of domains including the automobile sector, smart home devices industry, telecommunications, wearable fitness devices domains, etc.
3. Internet of Behaviors (IOB)
Much customer data is collected by service providers through IoT devices in the home. Businesses are using big data and analytics techniques to determine the value of data in what is now known as the Internet of Behavior (IOB). By reviewing this customer information, businesses can personalize their services, market their products, and improve the customer's experience with the company. Stores and large factories will demand these services to improve the performance of their affairs, and inventions in this field will be greatly appreciated.
While personal solutions are important, companies face an uphill battle to convince users to share personal data with them to develop these solutions, and are always searching for the best service in this. areas to offer to their customers.
Website hacking and other cyber security challenges also make customers uncomfortable with compromising their privacy in exchange for valuable services, and they are looking for stores to buy from that support security and confidence in their purchases. A different approach to data collection will be critical to business data analysis needs, which will be possible with newly designed inventions.
4. Cybersecurity
Cyber security has already established a strong foothold in the world of technology. Some of the most common cyber attacks companies face are phishing and network intrusions with artificial intelligence, which can lead to severe consequences such as loss of data or revenue. Therefore, a career in cyber security is a lucrative career, but it requires you to constantly upgrade your skills to keep up with the evolving developments in the field.
As of 2021, the global cybersecurity workforce consists of more than 4 million professionals. And with the progress of the current information age and the connection of more and more devices, cyber security will continue to be an important issue. Of course, to solve this issue, they need innovation and new inventions for this issue.
5. Quantum Computing (QC)
Quantum computing uses the laws of quantum mechanics such as superposition to perform problem solving. You can rely on QC to answer questions like how to sort the ideal routes for several hundred tankers in a global shipping network. This technology is used to manage huge and large collections, and great advances have been made in this technology.
In 2020, the global QC industry revenue was valued at $412 million. At the current rate of growth and adoption, the QC market will cross the $8 billion mark worldwide by 2027.
6. Robotic Process Automation (RPA)
With RPA, businesses can automate daily and sometimes boring business processes. It also allows users to spend more time serving customers or other more valuable tasks. Some see RPA as a stop on the path to intelligent automation (IA) through machine learning (ML) and artificial intelligence (AI) tools that can help businesses judge future outcomes.
RPA is employed by organizations across multiple business sectors to automate multiple organizational functions. Like artificial intelligence, robotic process automation or RPA can also be considered a threat to businesses because automation using specialized software programs is at the heart of this technology. However, global revenues from the RPA market are expected to reach more than $10 billion by 2023. It provides a strong foundation for knowledge workers in career opportunities such as RPA analysts, developers, and programmers.
7. Virtual Reality (VR) and Augmented Reality (AR)
AR and VR are known to provide an enhanced experience that combines the virtual world and the real world with advanced 3D visuals.
While VR is more pervasive, AR provides more freedom for the user and more possibilities for marketers because there is no need for an equipped headset.
Gaming, e-commerce, marketing, education, and various other sectors will all benefit from AR and VR in the future. The revenue of the global VR gaming industry alone is estimated to reach $2.4 billion by 2024.
There are currently a large number of Virtual Reality (VR) and Augmented Reality (AR) games in development. Trailers for new games these days are mostly video game simulations, which bodes well for the future of virtual reality (VR) and augmented reality (AR).
8. Edge Computing
Gartner defines an edge system as "a part of a distributed computing topology where information processing is located close to the edge, or "where things and people produce or consume that information."
At its most basic level, edge computing brings computing and data storage closer to the devices where they are clustered, rather than relying on a central location thousands of miles away. This is done so that data, especially real-time data, does not suffer from latency issues that can affect application performance. In addition, companies can save time by performing processing locally and reduce the amount of data required for processing in a centralized or cloud-based location.
Content caching plays a large role in how edge CDN servers work. CDN servers store edge cached copies of the source server's content and serve them to clients whenever a request is made.
Edge computing is a distributed computing system that brings together enterprise applications and data sources such as Internet of Things devices. As data becomes more accessible, this technology is emerging as a tool to gain significant business benefits and actionable insights. In addition, as the number of IoT devices increases, the use of edge computing will also accelerate.
9. 5G
This particular technology has already received its share of hype. 5G wireless is currently the most advanced mobile broadband technology and has already been deployed by tech giants such as Samsung, Apple, Qualcomm and Huawei. We can expect approximately 3 billion 5G subscriptions by 2025 in an industry with an active consumer base of over 6.5 billion subscriptions (by 2021).
5G also uses a new digital technology called Massive MIMO, which stands for Multiple Inputs and Multiple Outputs. The 5G generation also uses a new digital technology called Massive MIMO. The term MIMO stands for Multiple Input Multiple Output and it uses multi-target beams to track users around the cell site and increase network coverage, speed and capacity. Network technologies currently in use, like projectors, spread the wave over an area, but a large amount of light/signal is wasted. Meanwhile, due to the installation of Massive MIMO technology and the addition of 4G infrastructure, the performance of the 5G generation will be optimized.
5G shows a lot of potential, not only from a business perspective, but also from the perspective of the average consumer. Customers expect improved mobile data speeds with 5G and increased coverage, among other benefits.
10. Blockchain & NFT
From Doge coin to NFTs, block chain technology has taken the world by storm. Great innovations and inventions have also been developed and used using these technologies. Block chain, commonly referred to as an electronic "ledger", is a decentralized list of linked records and verified records.
Global spending on block chain solutions is predicted to reach $19 billion by 2024. Even at this early stage of development, block chain has become a large market in its own right due to the potential of the technology and the vast financial interest in the possibilities it may offer. .
Block chain’s ledger feature enables the technology to be used to store medical data and other personal records, protect copyrights, list title deed owners, track digital transactions, trade in NFT markets, and monitor supply chains.
11. Metaverse
Facebook’s name change to Meta(opens in new tab) put a spotlight on the metaverse, described as the next evolution in social connectivity.
The metaverse is a virtual, three-dimensional space that people can log into as avatars to socialize, work, shop, collaborate, or play games together.
Companies are investing in novel technologies to bring the metaverse to life, such as virtual reality (VR) and augmented reality (AR). For example, VR headsets enable people to explore and immerse themselves in digital worlds and share experiences.
Metaverse real estate sales reached $501 million last year(opens in new tab) and have already topped $85 million this year, according to MetaMetric Solutions. Thanks to blockchain technology, people can own these virtual assets or even make in-game purchases.
