10 technology trends that could prove to be real game-changers | Mint – Mint
Smarter algorithms and machine language: AI has been the driving force for most products, applications and even devices that we use today. On 22 November, Gartner predicted that the total revenue in the AI software market is expected to hit $62. 5 billion in 2022, an increase of 21. 3% from 2021. “The AI software market is picking up speed, but its long-term trajectory will depend on enterprises advancing their AI maturity, ” said Alys Woodward, senior research director at Gartner.
AI deployment in 2022 will be in knowledge management, virtual assistants, autonomous vehicles, digital workplaces and crowdsourced data, Gartner said. In addition, companies like Google are developing newer language learning models like LaMDA—Language Model for Dialogue Applications—which, the company claims, can hold their own in natural conversations.
Faster networks with bigger bandwidth: 5G has been in the particular works for what seems like years now, but 2022 may finally be the year all of us see these next-generation systems rolling out. India has already approved trial spectrum with regard to telcos such as Bharti Airtel and Reliance Jio. The 5G spectrum auctions are expected in the first half of next year. 5G networks will start rolling away to the public next year if all goes well. In short, 5G means lower latency, which is what users perceive as velocity. The new networks will allow brand new use cases for businesses, enable smart city implementations and more.
Intelligent cloud plus edge computing: The new use cases with 5G networks are heavily dependent on 5G. For instance, within September, Airtel tested India’s first cloud-gaming session in a 5G environment in its Manesar facility. The particular company’s chief technology officer, Randip Sekhon, said cloud gaming would be among the particular “biggest make use of cases” regarding 5G systems. The dependency on the cloud will only increase among corporations.
Moreover, edge computing is finally set to flourish. It is helping enterprises bring the data and processing requirements closer to the user’s device. This trend will help make items like driverless or autonomous vehicles more efficient.
More interconnected products that talk to each other: Earlier this month, Airtel, Invest India and the National Investment Promotion and Facilitation Agency announced a Startup Innovation Challenge. The challenge asks early-stage startups to create new use instances involving IoT. As information flows faster and computing power comes from large server farms using the cloud, a lot more devices can start connecting and working as one. A June report by Gartner stated the IoT endpoint electronics and communications market will certainly touch $21. 3 billion dollars in 2022, increasing the forecast simply by 22% against the 2021 predictions. This is driven by governments using IoT intended for surveillance, enterprises using connected devices to get everything from banking in order to communication, and delivering brand new products.
Privacy gaining ground: After about two years of deliberation, the joint parliamentary committee (JPC) around the Data Protection Bill was finally able to table its report within the bill during the ongoing winter session associated with Parliament. The JPC recommended that Indian have 1 bill to regulate personal and non-personal data and stop companies through profiling children’s accounts and using targeted ads for them. The bill also gives consumers rights over their own data. But India isn’t the only country looking into such data regulations. India’s expenses borrows greatly from the European General Data Protection Regulation (GDPR), plus governments worldwide are also considering such rules. Big Tech firms are fighting lawsuits against government bodies, competition regulations and more. The outcome of all these types of cases may impact how our data is used within the future.
Mixing and blending realities: Within 1964, an animated science-fiction franchise called Jonny Quest imagined a virtual world called QuestWorld. The protagonists would put on futuristic virtual reality (VR) headsets and fight battles in a virtual world. It was futuristic then, but VR and augmented reality (AR) headsets are all too familiar now. In fact , they have been for almost a decade now. Yet in 2021, Facebook launched a product called Ray-Ban Stories, partnering with eyeglass maker Ray-Ban for a pair of wise glasses that will look and feel almost exactly such as regular spectacles. Tech firms aim to make these devices ubiquitous and reach economies of scale that comes from selling millions of gadgets worldwide.
Immutable plus interconnected ledgers: If AI was the particular key change maker over the past decade, blockchain might well enable the next step within the technology. According in order to many estimates, India has become one of the top players in cryptocurrency adoption worldwide, but what’s seen as a trading asset nowadays has more significant implications. Cryptocurrencies are usually powered simply by blockchain technologies, and in April, the International Data Corp. said that organizations would spend as much as $6. 6 billion on blockchain solutions in 2021 alone—a 50% boost from 2020. The market researcher also predicted an annual average growth rate of 48% between 2020 and 2024. India’s second crypto unicorn, CoinSwitch Kuber, has said that will it aims to support other blockchain firms within India. Industry stakeholders and experts understand that blockchains will power cross-border payments, banking plus much a lot more in long term. Even the Reserve Bank associated with India’s upcoming Central Bank Digital Currency, or a digital rupee, can be powered by blockchain technologies.
The third generation of the internet: The hit HBO show Silicon Valley has imagined a ‘new internet’ void of dominance by Big Tech companies, governments and much more. The idea may sound utopian, yet that’s exactly what businesses building apps for the third generation of the web (web3) are building these days. Companies like Google, Apple, Facebook and others benefit greatly from your fact that most of the world’s data flows through their particular servers. However, with web3, the power is handed back to the users in a way. It runs without servers, depends on the network associated with phones, computers and other devices, and bars any one person or entity for the network to wield control on data—in a word, decentralization. For example, Noida-based Ayush Ranjan has built the particular world’s first decentralized video chat app. Unlike Google Meet, Zoom, the Huddle 01 application doesn’t require users in order to create an account, and the company doesn’t have its own data centres to store your data in or record calls. Instead, it stores almost all the information in the decentralized manner and uses computing energy from users’ devices to power the particular calls.
Rise of the metaverse: 5G, impair computing, IoT, web3 are tools in a larger vision that technologists and technology leaders possess right now. And that’s called the metaverse. Facebook’s Mark Zuckerberg will be so confident that the metaverse is usually coming that will he rebranded his company, one associated with the most valuable within the globe, to Meta as an effort to show where his focus is today. Author Neal Stephenson is definitely often credited with coining the term in his 1992 novel Snow Crash , and it has also been explored in contemporary movies such as Ready Player One . The metaverse is not a technology; it is a concept. Zuckerberg plus others expect that we will do everything from conducting meetings in order to hosting parties in a virtual space and through very realistic looking avatars. Instead of shopping on an e-commerce store, the particular avatar will walk into the virtual shop, try on a product and have the physical product delivered to our homes too. However , hardware veterans like Intel’s Raja Koduri have warned that the computing strength we have today is nowhere close to being sufficient pertaining to the metaverse Zuckerberg imagines.
Quantum computing: That brings us to what can be the particular most transformational trend in technology—quantum processing. Any nation with aspirations to be a leader in technologies has the sights set on quantum computing. While web3 can be a new internet, portion computing establishes a whole new computer. Our traditional computers may take information in 0 and 1, and their computations are usually limited by this. Portion computers, upon the some other hand, use concepts of quantum physics to enhance the amount of computing power we all can make use of. A mess computer is certainly far through reality right now, and it could be the kind of computing power Koduri says we need for the metaverse. In the 2020 Budget, the government had allocated ₹ 8, 000 crore over the particular next five years meant for developing quantum computing tech. It has furthermore launched the Quantum Simulator, which allows researchers to build portion applications without a real computer.