How fast the world is changing. The pace with which human beings are adopting the new technologies is something really amazing and encouraging for innovators.
Let’s take the example of the United State of America.
When electricity invented, it took around 50 years for one out of four people to adapt it. Adaptation rates increased by 100% in following 25 years. It took another 25 years for one out of four people to adapt it further.
Few more inventions to talk about, 18 years to use colour television, 12 years for mobile phones, 6 years for the internet, only 4 years for laptops and only 1 year for smartphones. Amazing!!
That’s how fast the world is changing. People are more curious about technologies because they understood how these technologies are changing not only the way they work, even the way they think.
Industries like healthcare, retail, agriculture, education, banking & much more have experienced the taste of change. Leaders capitalized on the latest technologies implemented them on business & climb the ladder of success.
In this blog, we are going to highlight Top 7 Emerging Technologies for 2017, which are going to affect your life & will amaze you with the top-notch innovations.
1. Artificial Intelligence
Artificial Intelligence is one of the most buzzing words in the technology world. This is exciting and at the same time little controversial too. In recent time, technology has made tremendous advancement in the field of AI. Though it is still far to achieve a human level of artificial intelligence. The aim is to build a replica of human thought process. A machine with human intelligence, which can think, work like us, who knows even can have human-like emotions.
Robots are going to play a very big role in our daily lives. When we say robots, it’s not those older ones who were controlled by remote & were used to perform specific tasks. We are talking about robots with AI. They can be used in performing multiple tasks in the field of healthcare, retail, agriculture, education, banking, finance etc. Just as the way computers took over homes in late 80’s, this can take over our everyday work. Little scary, but exciting too.
Google wants to be the best in a search. To reach that goal, Google wants to have the world’s top AI research laboratory.
Google internal company paper, October 2006
From SIRI to self-driving cars, to self-managing stores, artificial intelligence (AI) is progressing rapidly. While science fiction often portrays AI as robots with human-like characteristics, AI can encompass anything from Google’s search algorithms to autonomous weapons. It is a boon or a bane to future of human existence is an ongoing debate. The very idea to create an artificial intelligence is to make the lives of humans easier.
2. Augmented Reality
We all create our world around us through our perception, and our perception influenced on the reality. Augmented reality allows a more enhanced view of the real world. Augmented reality (AR) is a live, direct or indirect, view of a physical, real-world environment whose elements are augmented by computer-generated sensory input such as sound, video, graphics or GPS data. A reality which is digitally manageable and interactive.
Augmentation is in real-time and in semantic context with environmental elements, such as sports scores on TV during a match. With the help of advanced AR technology, the information about the surrounding real world of the user becomes interactive and can be managed digitally. Artificial information about the environment and its objects can be overlaid on the real world.
AR is seen as one of the topmost emerging technologies to redesign the way we interact with the physical world. Companies like Google, Facebook, and Microsoft are investing a lot of their time & money in developing AR products. We expect the AR consumer products to hit the markets starting in the first quarter of 2017. We have toughly seen few glimpses of AR in 2016.
Biotechnology is a hot cake in the technology world for a decade. Biotechnology is simply, technology-based biology. By the use of technology in the field of biology, we have got some amazing results in last few years. Technology helped biomolecular & cellular processes to develop various products which can be used to improve the entire planet earth & human lives.
The technological development in this field for the first few years was slow & steady. But since last 5 years, the scenario has been changed & technology is being used very effectively. But we can say it’s still in the phase of initiation. We have now crops with better vitamin content and drought-resistant plants. Biotech companies are now working on developing products which can be used to resolve global social problems like world hunger, decrease environmental problems etc.
Various state Governments & also research organizations are supporting & encouraging more and more research & investment in this field.
4. Internet of Nano Things
Heard about the Internet of Things. Now take your feet up on the Internet of nano things. IoT refers to any device or object, which is connected to the internet. It can be a smartwatch, Fitbit, the tiny device on your vehicle, your furniture or anything. IoT is not only a buzzing word. Companies have already seen the potential. IoT is going to evolve along with the human race as a family member.
IoT revolves around the enhanced device to devise function. It is built on cloud computing and networks of data-gathering sensors; it is a mobile, virtual, and instantaneous connection; and it’s going to make everything in our lives “smart”. Smart, connected devices are already transforming our world and the competitive forces in business.
Make no mistake, sensors will drive the next generation user experiences. We’ve just got started with wearables.
Karthee Madasamy, MD, Qualcomm Ventures
You can think IoT as an invisible network, made from the objects around you, which may be your home, your kitchen, your car. 2016 saw the innovation of IoT. Imagine its impact in 2017, the application of all the research & development happened in 2016. IoT is becoming nano. Tiny sensors could take medicine, energy efficiency, financial market, customer service to a different dimension.
With venture investment related to the online currency Bitcoin exceeding $1 billion in 2015 alone, the impact of blockchain’s potential to change the way markets work is emerging rapidly. Many of us are not aware of what is blockchain? and how is it going to help change things in future? The blockchain is a decentralized ledger of transactions, comprised of unchangeable and digitally recorded data in packages called blocks and is not owned or controlled by any individual or company.
A distributed ledger is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple locations. In distributed computing, processing & data are spread over multiple computers in a network. The blockchain is a type of distributed ledger.
As a platform which improves public records repository and reinforces legal systems, Blockchain technology has got all the potential to enhance privacy, security and freedom of data management.
6. Big Data
Cisco report says “Big Data” to become a $50 billion industry by 2017 and investments in “Big Data” to reach in between $75 to $85 Billion by 2020. These numbers are huge but there are sufficient reasons behind this rise. Data Analytics is simply transforming businesses as well as human lives. Companies & industries are heavily depending on data. The amount of data generating per day is extremely high & is growing at an impeccable rate.
Big Data is the process of evaluating a large amount of data to uncover hidden patterns, market trends, customer preferences, competitor insights & other useful market insights. By using technology, it’s very easy to analyse data & find answers quickly. The analytical finds can help you to perform effective marketing, new revenue opportunities, better market understanding, better customer service and operational efficiency, which can give you an advantage over your competitors.
Retail, healthcare, banking & finance, insurance, energy, communications & education were the early adaptors. In 2017, it is highly expected that new innovations in this sector will happen & big data will put its mark in all other industries.
Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.
7. Autonomous Cars
Autonomous cars are also known as driverless cars, are all set to make a debut, not on the roads, but into the technological world. The long-running R&D in collaboration with big software firms and automobile giants are almost in its final stage, and we can expect the big announcement in the near future. Many vehicles today are partially automated & requires some human intervention. We can’t expect autonomous cars on the roads by 2017, but the technology will touch new heights by end of next year for sure.
Imagine yourself enjoying a cup of coffee with a newspaper on the way to your office in your driverless car, a long journey in challenging roads or weather without the fear of accidents. The time is near to realise this dream.
There are many companies working on this. Google is one of the top players which is believed to launch this first. Since last 2 years, Google is working on technology to build cars without steering, brake pedal, accelerator pedal. Sensors & software will do the work. Other than Google, companies like Mercedes-Benz, Delphi automotive, Nissan, Audi, Bosch are believed to be working on this technology.
All of these, 7 Technologies Buzz Words, are already there since last few years and are almost certain to put a big mark in 2017. Undoubtedly, these technologies are going to take the business world, society and the most important human’s day to day life, one step forward.
We hope, this blog helped you to understand what are there in the bucket of the technological innovations in 2017. If you have not implemented or used these technologies for your business, brace yourself, 2017 might be your year. To understand and learn more Connect Here. Consultants at Apogaeis would like to listen to your views & provide game-changing solutions.