Predicting the future is difficult. Because of tremendous changes in technology and unlimited hurdles to innovation, predicting the future in the technology sector is even more difficult. Only a small percentage of innovations genuinely change the situation. Some aren’t practical or cost-effective, while others are ahead of their time or lack a market. Many examples exist of superior technology that was never implemented because others arrived on time or performed better in the market. As a result, this article is merely an attempt to have a better understanding of where technology is headed.
NFT2.0 and Web3
Web3 was one of the tech trends in 2021, and we can anticipate firms to want to get on board with this decentralized vision of the Internet in 2022.
Web3 is defined by blockchain technology, which is similar to that utilized by cryptocurrencies and non-fungible tokens (NFTs), but it aspires to eliminate the Internet’s central gatekeepers like Google and Facebook through an equitable concept.
Although we are not yet in the Web3 era of the Internet, the foundations are being laid. We should expect other corporations, including Meta, Facebook’s parent company, to try their hand at Web3 in 2022.
According to a New York Times report citing an internal message from a Meta top official, Meta is aiming for “deep compatibility” with blockchain technology. Andrew Bosworth, Meta’s chief technical officer, commented, “My overall guidance is to pursue a thorough compatibility with the blockchain”. “There aren’t many locations where I expect us to rely on it completely just yet, but if we see an opportunity to collaborate with Web3 entrepreneurs, I expect it will be worthwhile.”
In 2021, NFTs broke onto the tech scene as well. NFT2.0 is expected this year. The Dutch Blockchain LTO Network announced Titanium in November, which addresses the issue with current NFTs, namely that most assets cannot be wholly controlled and must be exchanged through a third party.
Also check: All you need to know about NFTs
5G is on its way to becoming a mainstream technology
Faster internet speeds are one thing that will continue to evolve over time. With 4K content available on YouTube and other streaming services, a quicker and more dependable internet connection is required to watch the content without buffering. Not to mention the fact that 8K is right around the corner.
5G is substantially faster than 4G, with peak speeds of 20Gbps and average speeds of over 100Mbps.
In 2021, the number of global 5G connections tripled to 670 million, and the technology will be available to a far larger market over the next 12 months. In 2022, 5G coverage is expected to be available in Nigeria, with many more countries joining in the coming years.
The Internet of Things (IoT)
IoT is another exciting new tech trend. Many “things” now include WiFi connectivity, allowing them to connect to the Internet—and to one another. As a result, the Internet of Things, or IoT, was born. The Internet of Things (IoT) is the wave of the future, and it has already enabled devices, home appliances, cars, and much more to connect to the Internet and exchange data.
We’re already using and benefiting from IoT as consumers. We can lock our doors wirelessly if we forget to do so before leaving for work, we can turn off our house bulbs or smart appliances from remote areas, we can preheat our ovens on our way home from work, and keep track of our fitness with Fitbits. Businesses, on the other hand, have a lot to gain right now and in the near future. As data is collected and processed, the IoT can help organizations improve their safety, efficiency, and decision-making. It has the potential to enable predictive maintenance, improve medical treatment, and provide benefits we haven’t even explored.
Although most people associate blockchain technology with cryptocurrencies like Bitcoin, it also provides security in a variety of other ways. In its most basic form, blockchain is data that you can only add to, not subtract from, or change. Because you’re creating a data chain, the term “chain” was coined. The fact that prior blocks cannot be changed is what makes it so secure. Furthermore, because blockchains are decentralized, no single party can control the data. You don’t need a trustworthy third party to oversee or validate transactions with blockchain.
Several industries are involving and using blockchain technology, and as the demand for trained workers grows, so does the demand for blockchain technology.
Everywhere Artificial Intelligence
Without the assistance of AI, a computer’s intelligence is limited. However, as more consumers expect websites and gadgets to fulfill all of their needs, AI is stepping in to assist.
We’re already seeing signs of the trend, but by 2022, expect a flood of AI-powered gadgets, applications, websites, and tools. It will grow more to an extent that it will be difficult to distinguish chatbots from real customer service representatives. In addition, rather than traditional data analysis, AI is more likely to provide future content recommendations on social media and streaming platforms.
Aside from that, AI will be used to analyze interactions in order to uncover underlying connections and insights, to predict demand for services such as hospitals, allowing authorities to make better resource allocation decisions, and to detect changing patterns of customer behavior by analyzing data in near real-time, resulting in increased revenues and personalized experiences.
A human renaissance and the metaverse
As is to be expected, more businesses will invest in the metaverse, the virtual reality and augmented reality world where we may play games, work, and socialize.
Though still in its infancy, technology is progressing at a fast pace. Many virtual reality worlds, including Meta’s, necessitate the use of headgear.
However, augmented reality glasses or even contact lenses could be developed in the near future.
Apple is working hard on this technology, according to insiders, and is expected to unveil its own headsets around 2022. According to rumors, Apple’s headsets may potentially contain eye-tracking and cameras, allowing VR and AR to be combined.
To be clear, Virtual Reality (VR), Augmented Reality (AR), and Extended Reality (ER) are the next great technological trends (ER). AR enriches the user’s environment while VR immerses them in it. Although this technology trend has mostly been utilized for gaming, it has also been used for training, such as with VirtualShip, a simulation software used to train ship captains in the United States Navy, Army, and Coast Guard.
We may expect these kinds of technologies to become much more embedded into our lives by 2022. AR and VR have huge potential in training, entertainment, education, marketing, and even injury rehabilitation. They usually function in conjunction with some of the other developing technologies we’ve covered in this list. Both may be used to teach surgeons how to perform surgery, provide museum visitors a more immersive experience, improve theme parks, or even improve marketing.
Remote workers can also use VR to engage in virtual meetings and contribute to the workplace culture. Artificial intelligence (AI), machine learning (ML), powerful computers, and cutting-edge photography and animation technology can all aid in the creation of more realistic 3D images and video content.
Online Shopping with Augmented Reality
Just a decade ago, online buying was a novel concept. It was previously unheard of to be able to have anything from food to clothes and gadgets delivered to your house with the press of a button. However, there is one area where internet purchasing continues to fall short: managing expectations.
Vendors can now generate realistic 3D models of things using augmented reality (AR), allowing potential purchasers to see the item as if they were holding it in their hands before making a purchase. This will not only provide you with a more accurate sample of the goods you’re trying to buy, but it will also inspire individuals to buy items they weren’t sure about.
Cloud computing, which was once a cutting-edge technology trend to keep an eye on, has now become mainstream, with major players such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform dominating the industry. As more businesses transition to a cloud solution, cloud computing use continues to rise. However, it is no longer a new tech trend. Edge computing is now the trend.
Organizations have recognized the limitations of cloud computing in various cases as the volume of data they deal with continues to grow. Edge computing is intended to address some of these issues by avoiding the latency imposed by cloud computing and delivering data to a data center for processing. It can reside “on the edge,” as it were, closer to the point where computing is required. As a result, edge computing can be utilized to process time-sensitive data in remote places where access to a centralized location is limited or non-existent. Edge computing can operate as a mini data center in these instances.
Software with Low-Code and No-Code
Automation and the creation of an app for everything are becoming increasingly crucial for everyone, from large corporations to small businesses, as well as professionals and amateurs equally. However, having a broad understanding of numerous programming languages has always been a stumbling block.
Low-code and no-code software development techniques, as the names suggest, focus on visual aspects to build software, such as dragging and dropping. While code-based software is unlikely to go away anytime soon, low-code and no-code solutions can significantly reduce the time it takes to construct an app or software.
It also makes the technology available to anyone with an idea, allowing people rather than entire teams of engineers to create apps.
Authentication without a password
Passwords will be obsolete in the near future. With the advancement of AI and machine learning, even the most secure passwords can be cracked given enough time.
Almost everywhere, we’ll see a gradual shift to passwordless authentication via mobile devices, tokens, and even biometrics. Not only will you save time by not having to remember dozens of passwords and changing them on a regular basis, but you’ll also be a lot safer and less vulnerable to brute force and phishing attempts.
Improved Search Engine Optimization
Despite recognizing that search is critical for customer experience, many organizations are using search optimization tactics that are identical to those utilized in 2010. The proliferation of search and discovery techniques that both inspire and serve a need for the customer is the largest tech trend to expect in 2022, from streaming to buying.