Today, technology is evolving at a very rapid pace and this has enabled faster progress and change than people could have ever anticipated. The outbreak of COVID-19 has resulted in even more technological advancement, as the world had to adapt to a new reality. Every time you check the latest technology news, you will find something new has emerged and it continues to bring change in various industries. However, there are some trends that seem to be growing more quickly than others. Some of the top technology trends for this year are highlighted as follows:
Robotic Process Automation (RPA)
One of the technologies that has become highly relevant in the post-pandemic world is none other than Robotic Process Automation because this is automating jobs. It involves the use of software for automating a variety of business processes, such as processing transactions, interpreting applications, data handling and even responding to emails. The purpose of RPA is to automate repetitive tasks that were previously dealt with by people. Not only is this technology altering existing jobs, but is also creating new ones. There are various career opportunities that can be explored in this regard, including RPA developer, architect,analyst, consultant, project manager and more.
Yet another remarkable technology trend is none other than quantum computing, which is using quantum phenomena like quantum entanglement and superposition. This technology trend has also been used to prevent the spread of the coronavirus, as well as in the development of vaccines. This is primarily because of the technology’s ability to easily monitor, query, analyze and then act on data. Banking and finance is another sector where quantum computing is making its impact known, as it is being used for fraud detection, high-frequency trading and managing credit risk. Quantum computers are significantly faster than regular computers and revenues from this market are expected to exceed $2.5 billion by 2029.
While most people immediately jump to cryptocurrencies every time blockchain technology is mentioned, the technology offers security that can come in handy in a multitude of ways. There are a number of industries that have taken an interest in this technology and are implementing it, including finance and healthcare. Blockchain developers are in high demand, as blockchain applications become more and more widespread due to the exemplary security they can offer.
The past decade already saw artificial intelligence, or AI, as it is known, generate a lot of buzz. However, it continues to be one of the top technology trends of even now because of the prominent impact it appears to have on how we work, live and play. AI has already gained recognition for its superiority in speech and image recognition, smartphone personal assistants, navigation apps and ride-sharing apps, amongst others. Apart from that, AI will also be used for further analyzing interactions for determining underlying connections and gaining insight.
By 2025, it is expected that the AI market will be valued at a whopping $190 billion. Thus, artificial intelligence is expected to create new jobs in programming, development, support and maintenance and testing. Machine learning is also a subset of artificial intelligence and this is also being used in numerous industries.
Internet of Things (IoT)
Another prominent technology trend is none other than Internet of Things, as wireless connectivity is now considered the future. Numerous devices, cars, home appliances and more have been connected already and are capable of exchanging data over the internet. It is not just individuals who are benefitting from IoT through its use at homes, but even businesses are tapping into its potential. This technology can be used for enabling better efficiency, safety and decision making. It can help speed up medical care, allow predictive maintenance, improve customer service and offer benefits that are beyond imagination. According to forecasts, more than 50 billion IoT devices will be in use globally by 2030.
These are some of the top technology trends that are expected to make waves in 2022 and beyond.