Technology is evolving at a rapid pace in India and all over the world. This means that staying on top of new trends is vital for success, especially in the digital world. Here are the top technology trends that you should look out for in India in the upcoming years.
Artificial intelligence and machine learning
Artificial intelligence is the process of redeveloping human intelligence into machines that are programmed to think like people and mimic their movements. AI is heavily used to analyse interactions and to determine connections and insights that might be hidden. In fact, AI is extremely useful in hospitals, enabling doctors and surgeons to take better decisions and make better use of resources.
By 2025, it is forecasted that the AI market will become a $190 billion industry with global spending on cognitive and AI systems becoming more prevalent.
Virtual reality and augmented reality
Virtual reality (VR), augmented reality (AR) and extended reality (ER) are also fairly new technological trends. VR is responsible for immersing users in a virtual environment, whilst AR ensures that your environment is enhanced. This technology has gained significant popularity in the video game industry, with the likes of PSVR and Oculus Quest attracting video game consumers worldwide. It is also being used in the iGaming industry, as casinos like LeoVegas India are now using VR to their advantage with live casinos.
We’re hoping that 2022 will be the year in which we can further integrate these forms of technologies into our every day lives rather than have them restricted to specific industries. AR and VR have great potential for education, recreation, training, marketing, and even recovery after an injury.
The future is bright for VR & AR. In fact, 14 million AR and VR devices were sold in 2019 and the global AR and VR market is expected to grow to $209.2 billion by this year, creating more opportunities in technology.
Quantum computers compute an object before it is calculated based on its probability, rather than in just 1s and 0s. They have the ability to process more data than the traditional computers. Quantum computing is the next big thing which could include preventing the spread of viruses and developing more efficient vaccines. All this is thanks to the ability to query, monitor, analyse and act on data.
Quantum computing is also extremely useful in the banking and finance world to manage credit risk for high-frequency business and fraud detection.
The blockchain industry can be defined as a decentalised, distributed burner that records the perfection of a digital asset. Many industries are making use of blockchain technology, most of them specialising in developing and implementing architecture and solutions using this technology. There are a number of opportunities in the blockchain industry and now’s the right time to get into it, especially if you have experience in programming languages, data structures, web app development, and networking.
The 5G wireless technology is meant to be peak data speed, offer low latency, greater reliability, mass network capacity, increased availability, and a more uniform user experience. High performance will create new user experiences and new industries. While 3G and 4G allowed us to browse the Internet, stream, shop online, and much more, 5G technology will change our lives.
With 5G, a number of companies will start enabling their cloud-based services to include services that rely on advanced technologies like VR and AR. For example, factories could make great use of this advancement, as well as improvements in traffic systems with HD cameras.
All smartphone companies are working on building a bigger and better 5G network.
Although some of these technologies are emerging and evolving, these top five technology trends are the most promising for India, for now and the future.