The end of 2019 marked the end of a decade and the start of a new fresh and promising decade . But which technology trends do people expect in the new era? New technologies such as the blockchain began to garner momentum in the last decade.
Organizations whose IT infrastructure is aligned to take advantage of existing and emerging technologies will benefit the most. But it’s not too late.
Businesses will have to implement a technology vision that is heavily reliant on their users to stay ahead in the curve.
The ITU (International Telecommunication Union) estimated that by the end of 2019, 53.6 percent or 4.1 billion of the global population would be using the internet. In the same year, Hootsuite confirmed that there were more than 4.388 billion internet users. But how does this predict technology trends in the new decade?
What do we expect to see, and where should CIOs and C-Suite personnel allocate more resources?
Technology Trends #1 Artificial intelligence
AI or artificial intelligence was a relatively new concept in the previous decade. As the race to adopt AI intensify, I predict that AI inventions will disrupt the tech industry. AI of the new decade will develop at consistent speeds. I predict that AI advancement will be driven by trust, natural language processing, and automation.
More importantly, we will see AI plays a central role in debates and problems using everyday language. We also predict that AI will change the way people work. Ai will also become instrumental in cancer research. The new tools will be able to predict millions of chemical reactions when dealing with cancer. Through the power of AI-powered technology, hospitals will deliver care quickly to improve expected outcomes.
#2 Machine learning
Machine learning is related to AI. Machine learning is not new. However, the new decade presents an opportunity to explore its endless possibilities. A significant prediction in machine learning is the rise of quantum computing. Devin Pickell, in a recent article, quoted Matt Reaney, the CEO of Big Cloud, saying that quantum computing will increase the capability of machine learning to solve complex problems in small fractions of time. The potential of this is vast and could impact millions of lives.
In the last decade, IBM and government agencies have been spending billions in research for quantum computing. I predict that we will see new quantum computing hardware that will drive the value of machine learning in everyday life.
5G technology is the future we’ve all been waiting for. I am excited, are you? 4G mobile internet connection is faster than most home connections, but 5G will be faster. 5G is in its early phase. Ericsson’s latest report predicts that by 2022, the global 5G adoption will have hit 645 million subscribers.
But what is the real value of 5G, and why will it disrupt the new decade? Polarized sentiments and myths have driven many discussions around the 5G. Anticipation and fear are common issues in each generation of mobile technology. A principal value of 5G technology is its role in industry 4.0. Industry 4.0 is the new wave of industrial productivity revolving around automation and self-management.
Through 5G, manufacturers will improve process control and promptly respond to failures. Business information executives and consumers are well aware that 5G will present new opportunities. As such, they are also mindful that to harvest the new opportunities, they have to increase infrastructure investment on 5G technology.
The Hyperloop is what I am most excited about in the new decade. Technology evolution has an environment where people are obsessed with “fast,” fast delivery, fast transport, fast mobile telephony to fast foods.
The Hyperloop is in its development stage, but it will change transport in a way we do not expect. Pioneers in the Hyperloop technology predict that with the new ground transport system, passengers will travel over 700 miles in an hour through floating pods.
The idea of the Hyperloop is not new. But it was reignited by Elon Musk through his Hyperloop Alpha white paper. Through his paper, Musk envisions that the Hyperloop will be safer, cheaper, and faster than modern transport. Magaway has already adopted the Hyperloop in the logistics and transportation industry. The future of the Hyperloop is something we are all excited to see.
IoT is disruptive and will experience massive adoption. The ideas of IoT were seen as crazy dreams. But the reality in 2019 is that there were more than 10 billion devices connected to IoT. The growth of IoT will grow faster than expected.
Currently, IoT is used in consumer devices. We predict that IoT adoption will revolutionize city and traffic management, leading to smart cities. IoT will integrate with AI devices to support decision making while supporting precision and accuracy. More importantly, IoT will be used in health care to collect data and predict the development of cancerous cells in the body.
#6 IT outsourcing /Remote working
The invention of new collaboration devices means that remote work will change. Growth in the remote work industry within the last decade suggests that the future is bright.
We envision a time where half of the global employees will be outsourced offshore. Companies that increased their spending on remote work in 2019 reported an increase in business growth.
Armed with this information, we predict that demand for outsourced workers will triple in the new decade. As technology becomes critical in everyday life, starts up and established companies will not shy away from outsourcing developers or project managers offshore.
The profitability of outsourcing work offshore is unmatched. 87% of companies that outsource some of their work offshore to countries such as Kenya, Ukraine, or India reported increase profits.
The Blockchain began at the start of the previous decade. The crypto madness is now yet over. There is much more to blockchain beyond the cryptocurrencies such as bitcoin.
I predict that Blockchain will become a significant way of transferring resources and establishing transparency in previously rigid industries.
#8 Robotics and Automation
Robotics and automation is a technology trend that is here to stay. But how will it change? Demand for power may see the use of robotics decrease at the beginning of the decade. However, new ways of automating tasks will occur through the use of machine learning. Machine learning will become a part of robotics and automation as it seeks to improve efficiency in power consumption.
#9 Cybersecurity Technology Trends
Top cybersecurity experts are optimistic about the direction cybersecurity will take in 2020 going forward. As security becomes a critical part of organization management, I predict that cybersecurity will be a top priority for chief information officers (CIOs).
Companies will begin to view cybersecurity from many lenses starting with attacker motivation, cybercriminal process, and global threat intelligence. In fact, with the introduction of Blockchain technology, the battle between businesses and cybercriminals is about to get fierce.
Banking systems and ATM will be top targets for criminals. More importantly, DevOps teams will focus their decades of experience on vulnerability attacks. Out of our prediction, cybersecurity is going to experience a change in unprecedented ways.
#10 Business Intelligence
Business intelligence was a valuable asset for a small, medium, and large organization in the last decade. In the new decade, we predict that major BI activities will take place via the cloud. However, efforts to achieve results in business intelligence will be based on data governance policies. Business intelligence tools will also be used together with collaboration tools.
What is next for technology trends?
It is hard to tell the direction that the technology will take, but with these trends, you have an idea of the most exciting trends to expect in the future. More importantly, what do you think the future holds? Are you excited? Will the predicted technology trends sustain the future?