The ongoing pandemic has altered our way of life and perceptions of the world. Things have become more digitalized, personalized, and separated from one another in recent years. Technology, on the other hand, has been working to bring people closer together despite the distance. This new trend has resulted in rapid innovation in various industries, including retail, healthcare, manufacturing, and supply chain management.
According to Forbes, these are the 5 most significant technology trends we will see in the upcoming year:
Artificial Intelligence everywhere
Artificial intelligence (AI) is growing in popularity today, with applications ranging from large corporations to academic institutions. It’s become clear that this technology has the potential to truly revolutionize how the ordinary world works, from accelerating workflows to directing better decision-making.
Artificial intelligence is expanding at a dizzying speed that shows no signs of slowing down. While the AI market’s value reached US$35.92 billion in 2020, this number is expected to hit US$360.36 billion in 2028 gradually. In practice, companies will utilize AI to boost productivity and streamline processes across the board. Users will be able to get knowledge and information more quickly due to AI, resulting in increased efficiency.
Everything-as-a- service and the no-code revolution
In recent years, an entire industry has sprung up, intending to put the knowledge and tools needed for tech-led innovation in the hands of as many people as possible, regardless of their level of competence or experience. Cloud solutions for storage, networking, and computing reduce the costs and risks of building up expensive equipment to test new ideas. Hybrid solutions have progressed to the point that a “best of both worlds” solution is often viable when public cloud services aren’t acceptable, such as when dealing with particularly private or important data.
No-code interfaces will grow more popular as a lack of programming experience, or a thorough understanding of statistics and data structures will no longer be a barrier to realizing a game-changing concept. Codex, a programming model that can produce code from natural, spoken human language, was recently released by OpenAI, a research group founded by Elon Musk and financed by, among others, Microsoft. As this technology evolves – which we will begin to see in 2022 – and converges with cloud infrastructure capabilities, our creativity and imagination will be limited less frequently by a lack of resources or technical expertise.
Digitization, datafication and virtualization
We will become more familiar with the concept of a “metaverse” in 2022, which refers to permanent digital realms alongside the physical world we inhabit. Many of the functions we’re used to conducting in the actual world, such as working, playing, and socializing, will be carried out inside these metaverses. Facebook is the leading company in the industry, as Mark Zuckerberg has revealed his vision of realigning his social media company with the broader Metaverse.
As the rate of digitization accelerates, these metaverses will more accurately reflect and simulate the real world, allowing us to have more immersive, believable, and ultimately valuable digital experiences. While many of us have had some experience with virtual reality through headsets, a slew of new devices on the horizon will vastly improve the experience by providing tactile sensation and even smells.
Transparency, governance and accountability
The concept of transparent and explainable AI has gained traction in recent years as it has become evident that certain portions of society distrust it. The presence of the EU’s planned Artificial Intelligence Act demonstrates that governments, too, see the necessity for a legal framework. According to the proposed legislation, authorities are prohibited from utilizing AI to develop social score systems and from employing facial recognition techniques in public spaces.
Some argue that it does not go far enough since, in its current form, it does not include a requirement that individuals be informed when they are the subjects of AI-driven decision-making processes. Sundar Pichai, the CEO of Google, has stated that while AI regulation is vital, “there is a balance to be reached” to ensure that innovation is not impeded. As more people become aware of the possible beneficial and harmful consequences on society that AI and other technology advances will have, this balancing act is expected to become a more prominent topic of discussion in 2022.
Sustainable energy solutions
Renewable energy was the only source of energy that witnessed an increase in use during the pandemic. During the first ten weeks of the lockdown, renewable energy usage surged by 40% in the United States. As industry shut down and people stayed at home, nonrenewable energy usage reduced globally, resulting in an 8% reduction in emissions. As a result, it is expected that more money will be invested in generating energy from renewable resources in the coming years.