Technology Insights Podcast – Part 3
Technology is ever evolving regardless of the current market conditions. New technologies are emerging with ground-breaking innovations to tackle world issues. It must be strange that predictions are being made about the future of technology in these uncertain times, but here is the fun part – these innovations are what make life easier in the coming years. From systems that could predict the risk of a viral transmission to drones that could deliver essentials to your door the technology industry is transforming our lives so here is a list of new technologies of 2021 that you should watch out for.
The aerospace sector has countless innovations that will continue to increase over the coming years. Defence and other aerospace industries are looking forward to building 0 fuel aircraft. New aerospace technologies include advanced space propulsion systems, advances in material sciences smart automation and blockchain. With the help of 3D printing many aerospace components are being developed. Given the global situation although innovation in this field may come at a calculated pace it is likely consistent.
With an increase in video conferencing remote working and digital collaboration this year reliable connectivity and better bandwidth are crucial. 5G deployment is preventing companies from going out of business as we continue to manage school and work from home. 5G will play a key role in 2021 companies like Samsung Apple and Xiaomi are readily rolling out 5G phones. Qualcomm arguably the leader in 5G technology is helping make 5G affordable to as many smartphone users as possible next year. Reports say that the global 5G services market is estimated to reach 41.48 billion by 2020 and expanded an annual growth of 43.9% from 2021 to 2027.
Almost all technology in today’s world are applications of edge computing. Collaborations with artificial intelligence, 5G and mobile cloud edge will make data processing closer to the customers leading to faster and more efficient computing. Even amidst the pandemic companies continue to consolidate and expand their offering of edge solutions from traditional rugged embedded computers to high performance edges for AI and other data intensive applications. According to experts the edge analytics market is expected to grow up to $8 billion USD by 2021 at a CAGR of 32.6% from 2016 to 2021.
Extended reality includes augmented and virtual reality. This technology in conjunction with others will be used during the next year to tackle challenges posed by the current situation. It will largely help in avoiding dangerous situations that could potentially cause a viral transmission. Over the coming years this technology will revolutionise healthcare education and lifestyle. The AR and VR market revenue is expected to reach 55 billion USD by 2021.
With the principles for exceeding replicating and supplementing human ability, human augmentation changes what it means to be human. The augmentation pipeline holds other great promises for the future like bionic human joints, embedded scanning, customisable contact lens, augmented skull/feet, artificial windpipes for your throat etc the possibilities are endless. The global human augmentation market is predicted to rise at a considerable rate during the forecast period between 2020 and 2026.
Artificial intelligence or AI has proven to be one of today’s most transformative tech evolutions. However, with the current world scenario artificial intelligence seems more promising than ever. The volume of data collected on healthcare an infection rates can be used to prevent infection spread in the coming days. Machine learning algorithms will be increasingly sophisticated in the solutions they uncover. In the coming year AI will make predictions on demand from hospitals and other healthcare providers. According to experts global spending on cognitive and these systems will reach 57.6 billion in 2021, and the AR market will grow to $190 billion industry by 2025.
In conclusion with such big advancements in technology the future looks more promising than ever it is likely to reshape all sectors of life there’s simply no stopping it.