The Top 9 Technology Trends for 2021 and Beyond
The innovation process has been boosted by COVID-19. Every day, a new technology emerges that has the ability to alter the course of our lives. Technical advances, and the digital world have all been reshaped as a result of this pandemic. Our outlook on life has shifted as a result, and we’re looking for ways to use it to become more efficient and successful.
Businesses are accelerating innovation in order to become more innovative and equipped for unprecedented times. In this article, we’ll look at some new technology developments for 2021 that could shape the next few years.
- 5G Would Become Commonplace :
The speculation surrounding 5G and its effects has been excessive in recent years, but in 2021, it may become a reality. Remote work, digital collaboration, and videoconferencing are now becoming more common, so having a secure and quick link has become critical. According to Gartner, there will be more than 1 billion active 5G users by 2023, representing a 217 percent compound annual growth rate.
Though 5G technology rollout was a no-brainer for telecom companies, it would quickly change the dynamics of various industries. Companies who use AI, IoT, and consumer data systems can benefit the most, allowing them to gain a better understanding of their customers’ desires, habits, and preferences.
- Behavioral Internet :
The word should not be confused with the Internet of Things (IoT). The Internet of Behaviors aims to collect “digital dust” from different sources in order to capture the “digital dust” of people’s lives. Data may be used by public or private institutions to read and influence particular actions, such as following social distancing protocols.
Consumer behavior is affected based on data about their purchasing habits, driving paths, facial expressions, government agency information, public sector information, and social media searches.
According to Gartner, by 2025, more than half of the world’s population would be using an IoB tool. In the year 2021, we can see a surge in the internet of behaviors due to the introduction of COVID-19 protocols. This will be fantastic for tracking and optimizing customer preferences, goals, and behaviors.
- Cloud Computing in a Distributed Environment :
Cloud-based systems have swept the industry. More than 90% of businesses are now cloud-based. The figure clearly demonstrates how important cloud-based technologies are. Aside from that, 60 percent of work is performed on servers hosted in the cloud. Distributed cloud, as the name implies, refers to cloud resources that are assigned by public cloud providers based on their physical location.
Distributed cloud-based technology will thrive in 2021 due to its numerous benefits, including physical proximity, lower latency, and lower data costs. Cloud distribution is, without a doubt, the way of the future and the new standard.
- Digital Health:
This pandemic exposed our system’s vulnerability. The wellbeing in all sectors took the brunt of the blow. The digital medical test, or digital health, may then come to humanity’s rescue. In 2018, the global digital health market was estimated to be worth $88 billion. By 2025, it is estimated to have grown to over $500 billion.
In 2021, the digital health sector will create health solutions that are sustainable, accessible, and scalable. If there is one thing we can be certain of, it is how quickly our planet can accept technological advancements. It will only be a matter of years before every part of our lives is surrounded by digitalization.
- Platforms for Customer Data :
Customer data systems have grown in popularity, acceptance, and growth in recent months (CDP). Organizations wanted well-curated data on a centralized platform so they couldn’t take advantage of dispersed data spread around many locations. According to studies, businesses lose about $3 trillion as a result of bad data.
CDPs gather data from different sources, arrange it, mark it, and make it available for decision-makers to help modern organizations make the correct and data-backed decisions. CDP adoption and popularity will continue to grow in 2021, as they are critical for IoT, IoB, and AI-powered applications.
- HR Technology and Remote Work :
Forrester Research predicts that remote work, HR technology, and increased automation would flourish in the long run. Long-term remote work will describe employee experience (EX) in 2021, and performance will be determined by a company’s investments in HR technology and ability to handle the crisis.
According to the research firm, employee experience surveys are used by fewer than one-third of companies. A voice-of-the-employee initiative is used by several companies to assess and increase employee satisfaction. Employee experience (EX), like consumer experience, would be extremely significant in the future of technology trends.
- The Ascension of Ethical AI :
Artificial intelligence (AI) and its offshoots are unquestionably evolving and motivating, yet even the prospect of computers gaining the same level of consciousness as humans can be devastating. If data access is not supervised, it can have disastrous consequences. The market for ethical AI has risen as a result of these concerns.
Online gaming, virtual matches, and sports were difficult to grasp until around a decade ago. The past few years, as well as the pandemic, have resulted in a rising esports industry, which is expected to exceed $1.5 billion by 2023.
When the pandemic struck, it was discovered that one-third of online users were hooked on virtual sports. On online games, cloud gaming, and virtual sports portals, there was a surge of digital consumers. According to reports, online video games are the most common hobby and source of entertainment for young people. Millennials and Gen Z consumers are more interested in Esports than ever before.
- Cryptocurrency and Blockchain Technology :
Cryptocurrency, also known as a digital asset or an online monetary equivalent, is a massive industry worth over $265 billion. In the coming years, we can see a spike in cryptocurrency users (currently around 40 million).
In the year 2021, blockchain technology and cryptocurrency will shine through in digital transactions. Cryptocurrency and blockchain will become more likely as companies become more interested in digitalization.
At Xavor, we work with companies to help them take advantage of new technology trends responsibly and develop. Please do not hesitate to contact us if you are facing a technological problem and need assistance in the future. Having previously worked for Fortune 500 companies.
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