As more and more people are getting vaccinated, life is going back to normal. But the world is not the same as it was before. The pandemic has changed the customer needs and even their lifestyle. These have also changed the business trends in the current markets. Some of these trends have been mentioned below.
Changes in the Life Science Technologies
The industry of life science includes areas such as biotechnology, life sciences, environmental science, biomedicine, neuroscience, and cell biology, as well as biophysics. This industry has experienced great innovation in recent times with the emergence of a global pandemic, as these were increased investments in the field of mRNA along with the high performing COVID 19 testing.
In the same way, strong movements are expected across the different life science sectors, such as advanced research and even the use of AI and robotics technology in the life science industry.
Updates in Networking and Inter Connectivity
Most of the businesses in the past year became remotely operated. This increased people’s reliability on the internet to a greater extent. At the same time, the Internet of Things (IoT) came into existence with the already present Alexa and Siri. The development in this field will continue to rise to push the internet economy forward.
As per the report presented by Cisco’s Visual Networking Index, it is expected that there will be 1.4 billion more people who will start to use the internet by the year 2022. This comes to be about 60 per cent of the global population when the population is estimated to be 8 billion by the year 2022. At the present time, the 5G technology is in its infancy; the world is soon going to witness the rise of the 6G technology.
Prevalence of High-performance Computing
The world is already witnessing the rise of big data and artificial intelligence. All this will eventually lead to high-performance computing in 2022. This technology will be further used in areas such as drug discovery, cancer research, to space exploration. High-performance computing is likely to become increasingly popular as quantum computing technology will develop to keep up with the business demands.
The world has already witnessed the massive development in quantum computing by industry players such as Google, IBM, Alibaba, and Amazon. These innovative technologies will continue to evolve to meet the industry expectations.
Growth in AI, Cloud Computing, and Big Data
Artificial Intelligence has become one of the important parts of our everyday lives. The technology is now used to bring about personalization, improve search results, recommend the products, as well as understand and control devices to build better models for the environment. At the same time, it is needed to automate the industry. All these trends are likely to rise in the year 2022.
Most organizations today are using the concept of predictive analytics to generate business forecasts. And it is expected that the global predictive analytics market is growing steadily and is expected to witness a significant rise in the near future. Similarly, there is going to be massive growth in the areas of cloud computing.
Internet Privacy and Security Dominance
As businesses are becoming digital and more and more information is stored online, it is giving new opportunities to malicious users to conduct cyber-attacks and steal critical business information. It is also evident that several business houses have been targeted by cybercriminals in the recent past. At the same time, businesses have become more vulnerable.
Such a threat is likely to exist in 2022, and the industry will evolve with a number of counter active measures for the same. Cyber-attacks can be stopped by educating people about cyber attacks.
Privacy and security are further enhanced with the help of AI, which will develop a robust cyber security protocol that will be less expensive to create. This technique will also be more effective than the other options.
The Rise and Shine of the Metaverse
The Metaverse has evolved to be a huge digital giant in the market. It is a digital reality that is made up of online gaming, social media, virtual reality, augmented reality, and virtual user interactions.
Metaverse will soon refer to anything that is present on the internet. It will be the virtual space for the future that will provide access to all types of projects and entertainments, also giving new opportunities to work.
Metaverse in 2022 is expected to be highly immersive, free to access, and ubiquitous. It is also expected to be digitally focused and will include social connection, entertainment, and work productivity, and behaviour connection. This will be an entire ecosystem made up of ads, apps, developers, and new digital innovations.
The Metaverse ecosystem will grow in 2022 and is expected to have a direct impact on the future of many technology sectors.
A boom in NFT Platforms
NFT is a Non-Fungible Token (NFT) or a computer code that has data that conveys ownership about something. This can be a property that is online, for example, real estate in a digital world or special equipment in a video game. This can also be real real estate, such as a building, a book, or a painting. NFT’s can also be hybrid. For example, it can be the right to decide who can rent a room in a cooperative living space.
In the year 2022, there will be a rise in the number of NFT. These can be movies, TV shows, or even books. NFT’s will soon become a part of the digital economy and are soon becoming mainstream as they allow people to own something that represents a part of something bigger than themselves.
Prevalence of the Robotics Sector
The year 2022 is going to witness the increased use of robotics in the everyday lives of people. Robots are expected to make a prominent position in areas such as healthcare, warehousing, automotive, supply chain management, and many more.
The COVID 19 pandemic has put forward opportunities for the robotics industry in the supermarket industry. The recent times uncovered unexpected challenges in the supply chain industry that generated a need to improve its overall system. Robotics undoubtedly offers a safe means of manufacturing and gives the business an opportunity to continue operating in a challenging environment.
The year 2022 is expected to see a rise in Robotic Process Automation (RPA) that will help to process all the activities that are carried out repeatedly in a business and improve the overall business activity.
Growth of the Renewable Energy Technology Sector
At the time of the pandemic, the only energy sector that has grown in the market is sustainable energy adoption. As per the International Energy Agency (IEA), 40% of more energy was generated and used in the year 2020. The industry is expecting continued growth in the near future. The reason is, the falling cost of generating sustainable energy is increasing the chances of mass adoption of sustainable energy.
Likewise, businesses that are associated with the production and usage of solar and wind technology will witness a massive amount of growth.
Rise of the Blockchain Technology
Blockchain technology is a type of distributed ledger that makes it possible for companies to track financial business. Even without the assistance of financial institutions, businesses are able to track their financial status. Such a capability reduces the overall business conflicts and adds other business benefits such as append-only data structure, transparency, security, decentralization, and immutability.
The Blockchain technology has witnessed a massive adoption in the market over the past few years. The technology is expected to disrupt the market in the coming year as well. As per the International Data Corporation, businesses will spend an approximate amount of$6.6 billion on blockchain solutions in the coming year, which is an almost 50 per cent rise in the revenue from the previous year.
As the world emerges from the COVID 19 pandemic, it is little doubt that all of these businesses and technologies will experience a rise. Still, there is an opportunity for the smart startups, investors, and corporations that capitalize in these emerging technology and business trends in order to become more successful in the coming times.