The
acceleration of the adoption of digital technologies in the last two years has
been phenomenal. Technologies like
automation, artificial intelligence, predictive analytics, and the internet of
things (IoT) are enriching our everyday lives and driving change in every
sector. As the digitization and virtualization of business and society
continues, more and more brands are looking for ways to expand in information
technology arena because of the immersive amount of potential it holds.
Here
are the key trends in Information Technology that will dominate in 2022.
Metaverse
will Shine
Also
known as the ‘future of the internet’, Metaverse is thriving and rapidly
expanding. Metaverse is a virtual reality that enables people across the globe
to interact with each other and metaverse itself, opening the door to stronger
and more realistic experiences than simply browsing the web. Since metaverse is
continuously developing, technology will likely grow omnipresent with multiple
cross-chain possibilities. Metaverse will be the next frontier for online
interaction, which would completely revolutionize the way communication
professionals market their products. Video games, cryptocurrencies, virtual and
augmented reality are becoming metaverse adjacent as the virtual worlds are
gaining momentum.
From
big luxury brands like Gucci, Balenciaga, Sotheby’s to mass-market players like
Coke, Wendy’s, Chipotle, everyone is rushing to use metaverse to their best
advantage. Facebook’s Horizon Workrooms is an avatar-based collaborative
workspace platform that facilitates virtual reality experiences for people who
want to work together. Apple is rumoured to be working on VR headsets and AR
glasses, which signifies the company’s interest in metaverse. Nike is planning to collaborate with metaverse platform, Roblox, to
create a virtual world called Nikeland,
where players can compete in dozens of virtual games and buy at a virtual
platform nested in the platform. With heavy investments and
interest from leaders, metaverse will become the next big thing.
Artificial
Intelligence of Things (AIoT) will Gain Momentum
According
to some statistics, around 73% of all data collected within the enterprises
goes unused. Hence, two superpowers of innovation, artificial intelligence (AI)
and internet of things (IoT) are being integrated to create value from huge
chunks of data volume. The
exponential increase of connected devices and the rise of Industry 4.0 are the
main driving force behind the integration of AIoT, enabling digital leaders to
fully focus on their core competencies, reduce maintenance cost, and enhance
user experience. Many technology companies are increasingly leveraging AI
capabilities on their major general-purpose and industrial IoT platforms. Key
segments benefiting from AIoT include agriculture, robotics, industrial
automation, autonomous vehicles, building automation, smart cities,
transportation and logistics, retail management, and healthcare.
Tesla’s
autonomous cars with autopilot features represent the perfect real-world
application of AIoT. The cars gather data from various sources and then utilize
it to determine the required actions. A smart cloud platform for cities
developed by Alibaba Group, ET City uses AIoT technologies and solutions to
monitor traffic, reduce the prevalence of accidents, and make cities smarter
and safer. As the devices become smarter and more powerful, the fusion of
artificial intelligence and IoT will become mainstream.
Enhanced
Cybersecurity Practices
A
surge in digital connectivity and rising automation for almost all processes in
the business world have led to a spike in cybercrime activities. As the
innovations continue to emerge, cybersecurity threats will grow. The
cybersecurity efforts are moving beyond defense solutions and evolving into
proactive strategies to address pressing protection issues. Artificial
intelligence and machine learning are continuously driving the growth of new
cybersecurity technologies, making them more autonomous and organic to
recognize and respond to new threats.
The
emergence of new hybrid cloud environments is empowering organizations to automatically
predict, detect, avoid, and respond to threats. As a new approach to cyber
defense, many companies are switching their applications to SaaS solutions and
adapting new cloud environments. Governments have started to get on top of the
situation by catching up with risk. In 2022, penalties related to data breach
and loss could expand, legal obligations of the companies for data thefts could
grow, and the jurisdictions passing laws relating to making payments in
response to ransomware attacks are likely to increase. Besides, education and
awareness could play a fundamental role in fully understanding the
vulnerabilities of cyber-attacks.
According to TechSci Research
report on “Global Cybersecurity
Market By Segment (Security
Services, Network Security, Infrastructure Protection, Identity Access
Management, Data Security, Application Security, Integrated Risk Management,
Cloud Security and Others), By Deployment Mode (On-Premise and Cloud), By
Organization Size (Large Enterprises and SMEs), By End Use Industry (BFSI,
Manufacturing, Government, IT & Telecom, Retail, Energy & Power and Others),
By Region, Competition, Forecast & Opportunities, 2025”, the global cybersecurity
market is anticipated to reach USD152 billion by 2025. The growth can be
attributed to factors such as increasing threats of cyber attacks and data
breaches and increasing use of advanced technologies such as AI, IoT, machine
learning, among others.
Autonomous
Systems will Continue to Advance
Autonomous
systems have become a practical reality and continue to rise. Emerging
autonomous systems are capable of adapting to changing conditions, knowledge,
constraints in an environment where human control is not physically possible. Several
technologies such as the Internet of Things, high-speed communication networks,
artificial intelligence, and machine learning are coming together to extend the
scope of operations of autonomous systems. Autonomous
systems will continue to fuel new research, development, and business
opportunities in the coming years.
Some
of the real applications of autonomous systems include autonomous aircrafts,
autonomous inventory management, and delivery robots, personal and service
robots, autonomous vehicles, etc. The advanced automation systems will become
more prevalent in the future with the addition of sensors and feedback loops. Fully
autonomous systems will emerge in some niche areas, including mining
activities, food delivery, etc. As car manufacturers are performing tests with
autonomous vehicle solutions, the autonomy level in self-driving vehicles will
gradually increase.
Greater
Emphasis on 5G
As
the implementation of fifth-generation wireless connectivity is expanding
worldwide, high data speed and data density will drastically change IoT devices
operated and used across various industries. 5G is
faster than any wired Wi-Fi networks that enable connected devices to function
anywhere. With the new wireless technology, businesses will have access to
anything they need, AI will thrive from anywhere, autonomous cars and drones
will become public, factories will become smarter, and what not. Given the
significant role IoT plays in the industrial sector, the growth of 5G
technologies will increase greater efficiencies, greater transparency, and even
higher quality for customers.
5G
is going to drive the smart city application harnessing the newly captured data
to enhance city operations. As the need for security becomes more critical,
carriers such as AT&T, Verizon, and T-Mobile have been bolstering 5G
networks with added encryption and additional defenses to provide an additional
layer of security to the new devices and connections connected to the network. Integrating
5G with edge computing, organizations enable more data collection and faster
processing than ever before, which will result in expanding opportunities for
solution providers.
According to TechSci Research
report on “Global 5G
Infrastructure Market, By
Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network
(RAN) and Distributed Antenna System (DAS)), By Core Network Technology
(Software-Defined Networking (SDN), Network Function Virtualization (NFV),
Mobile Edge Computing (MEC) and Fog Computing (FC)), By Application
(Healthcare, Automotive, and Others), By Company and By Geography, Forecast
& Opportunities, 2025”, the global 5G infrastructure market is anticipated to
grow at a formidable CAGR during the forecast period. The growth can be
attributed to factors such as growing demand for high speed and large network
coverage and rising adoption of IoT and big data analysis.
Robotics
will Become More Prevalent
The
global robotics market is projected to grow to USD45.5 billion in 2022 as
robots are increasingly becoming an important part of several industries. The automotive
industry was one of the early adopters of robotic technology, but their
applications are now expanding to other sectors like agriculture, construction,
education, food and beverage, healthcare, and logistics. According to some reports, the market for
collaborative robots is anticipated to reach a value of USD8 billion by 2030.
As automation technologies are maturing and innovation is integrating and
standardizing engineering approaches, robotic technology will unlock a new wave
of capability and efficiency.
More
creativity in robotics will emerge in industrial robotic space with the rise in
software-first solutions, cheaper sensing, artificial intelligence, simulation
tools, and abundant data. 2022
will be the year when robot delivery will become a reality with drones for
making deliveries across towns. Maintenance robots are on the rise as they can perform
the most important tasks for any industrial location and provide better
predictions to prevent breakdowns. The
robotic technology would further expand the demand for 3D sensors, ultrasonic
technologies, infrared cameras, and other accessories and equipment required to
manufacture industrial robots.
Web
3.0 Becoming More Mainstream
The
Web 3.0 revolution has helped in the rise of non-fungible tokens, which are
digital collectibles that can be bought and sold with cryptocurrency. While Web
2.0 had been largely driven by the advent of mobile, social, and cloud, its
successor is built upon three layers of technological innovations like edge
computing, decentralized data networks, and AI. The push for a blockchain-powered
future is gradually making Web 3.0 the new norm for social networks,
transactions, and business. Web 3.0 is expected to become crucial for
businesses involved with finance, insurance, and banking solutions to thrive
and build more value. The new technology disintermediates unreliable middlemen
and allows users to build applications across thousands of blockchain nodes.
The
automotive industry has witnessed extremely positive change ever since the
adoption of web 3.0 as car manufacturers are able to easily locate inefficiencies
and accelerate production. In the insurance sector, companies will be able to
make the claim procedure seamless and efficient with the use of decentralized
architectures and smart contacts. The
healthcare industry can also use the web 3.0 technology to provide tamper-proof
records, enhance patient privacy, and secure medical data. Besides, the
new-generation technology bolstered by smarter websites, fast internet
connectivity, and powerful mobile device would unlock new potential for businesses
to reach their full potential and make headway into new markets.