1. The future of connectivity
With the advent of 5G and the Internet of Things, faster digital connections offer an opportunity to unlock economic activity. It could increase global GDP by $1.2 trillion to $2 trillion by 2030 by implementing faster connections in mobile, healthcare, manufacturing, and retail. 5G and IoT are the hottest tech trends for the next decade.
The increased availability and capability of wireless networks will lead to profound changes in the business landscape, ranging from digitizing manufacturing (through the wireless control of mobile tools, machines, and robots) to decentralized energy delivery and remote patient monitoring.
2. Process automation and virtualization
As next-level process automation and virtualization become more common, half of all existing work activities could be automated.
McKinsey predicts that 50 billion things will be connected to the Industrial Internet of Things by 2025. We’ll generate about 79.4 zettabytes of data per year from robots, automation, and 3D printing.
3. Future of programming
It’s Software 2.0, where neural networks and machine learning write code. Using this tech trend, McKinsey says, “new data-rich, AI-driven applications can scale and spread quickly.”
As a result, we could create software that’s way more powerful and capable than anything we have now. It’ll also standardize and automate existing software and coding processes.
4. Distributed infrastructure
70 percent of companies will be using hybrid-cloud or multi-cloud platforms by 2022. Data and processing will be in the cloud, but devices will be able to access it faster.
As a result of this trend, companies will be able to boost their speed and agility, reduce complexity, save costs, and boost their cybersecurity.”
5. Applied Artificial Intelligence (AI)
One of the biggest tech trends is AI. We’re still in the early stages of AI development. With more sophisticated technology, we’ll be able to create more tech-based tools, like training machines to recognize patterns and then act on them.
AI-generated speech will be behind more than half of people’s computer interactions by 2024. While any company can get good value from AI if applied effectively and in a repeatable way, less than one-quarter report significant bottom-line results.
6. Bio Revolution
Biological science is going through a “confluence of advances” that will affect industries from consumer goods, energy, and materials to health and agriculture.
AI, automation and DNA sequencing are propelling the bio revolution, which promises gene-therapies, hyper-personalized medicines, and genetic guidance on food and exercise. Technology will create new markets, but it’ll also raise some ethical questions. Organizations need to figure out their BQ or biological quotient – how well they understand biology science. McKinsey says they should figure out how to allocate resources to biological technologies and capabilities, and if they should integrate them into their existing R&D or partner with science-based startups.
7. Next-generation materials
There’s a lot to be excited about in materials science, including pharma, energy, transportation, health, semiconductors, and manufacturing. There are some materials that are 200 times stronger than steel, despite their thinness, like graphene – a single layer of carbon atoms arranged in a honeycomb lattice. In addition, it’s an efficient conductor and promises to revolutionize semiconductors. In flexible electronics, molybdenum disulfide nanoparticles are already used.
8. Trust architecture
Over 8.5 billion data records were compromised in 2019. Criminals continue to redouble their efforts despite advances in cybersecurity. Trust architectures will help fight cybercrime because they’re a growing tech trend.