The world is preparing to fully roll out the 5G spectrum (3.5 GHz – 3.7 GHz), opening new opportunities for industries like AR/VR/XR and the Internet of Things (IoT) to develop next-generation 5G technologies.
These 5G-enabled technologies are expected to add USD 450 billion in value to India’s economy by 2040. This means that there will be a lot of new technologies for tech-savvy people in India and around the world in 2022.
Edifypath’s Top 5 Emerging Technologies
Everything has an expiry date. We move forward, leaving behind all that doesn’t change as a society. Time and efficiency are the judges and jurors of what is left behind. As the Orkut vanished with the advent of Facebook, so too did the dial pads (keypads) on our mobiles.
We are constantly searching for new ways to make our lives easier and more efficient due to the dynamic nature of increasing demands and decreasing resources. We have witnessed state-funded R&D labs and private players achieve significant milestones in computation and communication technology in the past five years, enabling many industries to be more efficient.
Quantum Technology, Quantum Communications
Quantum Science, the most promising area of physics research, is seeing breakthroughs worldwide. Quantum Supremacy, Quantum Communications are the most recent developments in this field.
Both China and the USA claimed to have achieved Quantum Supremacy, which allows for unimaginable speeds in calculations and processing capabilities. Google claims that the sycamore processor can finish a task in just 200 seconds, which would be a record for supercomputers with the fastest processing speeds.
What’s Quantum Communications?
Quantum Communications refers to the use of Quantum Mechanics in Information and Communications. ISRO recently made a breakthrough in Quantum communication, communicating over 300 meters.
ISRO has yet to make a significant breakthrough in Quantum Communications, as China has launched a Quantum Satellite under Micius. China has successfully received communication via its Quantum Satellite.
Quantum Technology, such as Quantum Key Distribution or Quantum Communications, allows industries to attain high data processing capabilities more securely than traditional communications. Quantum Key Distribution makes it virtually impossible to decrypt any encrypted data. It uses Quantum Keys rather than traditional computers’ binary (binary) version to store and process information.
Quantum Technology and Quantum Communications are certain to be among the most important emerging technologies in 2022 as the global economy continues to grow.
Making sense of Data-Machine Learning with Big Data.
Companies like Microsoft, Amazon, Google, Facebook and Amazon store over 1200 Petabytes in data at their data centers. One petabyte equals 1000 Terabytes, while 1 Terabyte equals 1000 GB.
Many of these giants are powered by data, but it would all be useless if there weren’t a way to organize and make predictions or assessments.
Machine Learning and Big Data complement one another. These companies use Machine Learning Models to process colossal amounts of data. The more data you provide to a Machine Learning algorithm, the more it can learn.
Machine Learning (Scalable Machine Learning) is increasingly being used in various industries such as Healthcare, Banking & Finance and Manufacturing. Machine Learning with Big Data is expected to be one of the most important technologies by 2022.
The Internet of Things (IoT), to the Internet of Behaviours (IoB).
Internet of Things promises seamless connectivity and accessibility, with real-time monitoring enabled by cloud computing. However, 2022 is all about the Internet of Behaviours.
Many companies realize the potential value of the Internet of Behaviours. These companies can track many parameters such as financials, locations, facial recognition, and so forth using the IoT. This emerging technology, IoB, will be used by more than half of the world’s population by 2025. Therefore, it is certain that it will be one of the most important technologies in 2022.
Edge Technologies: Edge Artificial Intelligence. Faster and smarter
Edge technology is not the only emerging technology. These innovations and machine learning algorithms leverage Edge technology and Artificial Intelligence to create Edge Artificial intelligence. This opens up a new way for Artificial Intelligence to work shortly. Edge Artificial Intelligence, in other words, is the future of AI.
Artificial Intelligence relies heavily on the cloud to store the vast amounts of data that it generates. Although most of the computation required by an AI system is performed at the cloud level, the concept of computing at the edge allows them to store and compute at their end-user level with hardware such as drones.
Edge AI is considered more secure and private than cloud computing because the data is not centrally stored. This ability to store and compute data is helping industries such as Automation, Self-Driven Cars (drone delivery), Healthcare, and many others. Edge AI is, without a doubt, one of the most important technologies for 2022.
Extended Reality XR – The Future of Gaming & Entertainment Industry.
Extended Reality (XR), the most exciting emerging technology in 2022, is among them. This industry offers a huge value proposition in terms of its solutions and is expected to have a market value of around $20 billion by 2013.
Augmented Reality and Virtual Reality are already having a significant impact on the Gaming and Entertainment Industry. Extended Reality is the combination of AR, VR and Mixed Reality. It creates a new environment for users to work in and interact with.
Extended Reality could revolutionize the way social media platforms operate in the future. Extended Reality solutions can be applied to real-life problems in many industries. Extended Reality technology will benefit many industries, including virtual sports tournaments, professional football match practice, online content delivery and working business models, real estate, management of workforce, and health care services.
Businesses may have had to adjust their plans for 2022 due to the global slowdown in the economy. Edifypath has many other technologies that are worth mentioning. We will, however be covering these in another article. Keep checking back for more exciting updates in technology.