5 Major technologies that will be turbulent in the next decade
In recent years, massive breakthroughs and advancements have been made in science and technology. All industries, from banking to healthcare, have benefited immensely from the adoption and integration of technology. For companies, technology is not only a means to an end (increase efficiency or improve productivity), but it also appears as a credible opportunity to explore in terms of trade and commerce.
In contrast, if you thought advancements in technology like smartphones, data analytics, and payment gateways were great, wait and see what the future holds. We’ll cover the five most promising and disruptive technologies that will play a major role in the next decade in this article. In particular, we will pay attention to it.
- Artificial Intelligence
- Fintech and Insurtech
- Cryptocurrencies and Digital Assets
- Augmented and Virtual Reality
- Blockchain Technologies
However, AI is one of the most promising and disruptive technologies that will revolutionize the way we work, play and live. Almost every industry is trying to incorporate AI into some form of decision making. The idea is that this will lead to more efficiency.
One section increasingly feared that the use of AI would make people in work processes obsolete. The computing power of AI will be far superior to that of humans. But at the end of the day, as human beings, we are constantly evolving.
Fintech and Insurtech
According to leading economists, the growth of global markets and globalization have been made possible by advances in fintech. Whether it’s sending money from one part of the world to another or conducting business, it’s all possible thanks to technology.
In the next few years, fintech companies will drive global trade on an unprecedented scale. If you have been following promising startups with valuations in the billions, you will find many fintech and insurtech companies on the list.
Cryptocurrencies and Digital Assets
The last few years (coronavirus pandemic) have led to an increasingly mainstream acceptance of cryptocurrencies. We’ve seen Bitcoin hit massive valuations in November 2021 thanks to Bitcode Ai. Ether powered the smart contract network. With more investors, this will increase.
Moreover, it’s not just about cryptocurrencies and the promise they bring. It’s also about the many companies that have emerged as credible offshoots. Think NFTs and you’ll see a $22 billion industry take shape. The same applies to smart contracts.
Augmented and Virtual Reality
Everyone talks about the “metaverse” and the potential it holds for humanity. AR and VR are slowly becoming a major force in the entertainment, gaming and e-commerce industries. The realistic representation makes it possible to extend the applications in this field.
Likewise, from e-commerce users using augmented reality and virtual reality to imagine what clothes will look like, to large-scale marketing events that can be held without a physical presence, augmented reality is used by some of the biggest tech companies like Meta and Google.
Blockchain technologies and Applications
Generally, blockchain has long played second fiddle to its more famous brother Bitcoin. It was and is the network on which Bitcoin transactions are made. Blockchain’s immutability and secure framework mean other industries are taking an interest in it.
On the other hand, companies from Reliance to IMG, MetLife and others are exploring blockchain applications as a way to secure the flow of payments and data across borders. Most of them have already built huge teams conducting research and development related to blockchain applications.
Moreover, in addition to the five technologies mentioned above, there are others that will play a decisive role in shaping our world. Think about EV or cybersecurity technologies and how they will become a necessity in the years to come.
If you think more disruptive technologies add to the list, please let us know in the comments section below. We will be happy to add them later in a new article update.
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