In recent years, technology has been evolving exponentially. It is clear that the current tech trends will make or break many companies in the following years. Tech trends will be the driving force behind many changes that await us.
If you want your startup to gain a competitive edge, these are the 5 most important emerging tech trends you should follow.
Artificial Intelligence (AI) and Machine Learning
Artificial intelligence may be the biggest tech trend at the moment. AI and machine learning have made their way into our homes and workplaces. From creating personalized shopping experiences to helping us answer emails and analyze data, AI is revolutionizing the way we live and work.
AI and machine learning have become tools that help us interpret and understand the world around us. An increasing number of companies and professionals, including healthcare providers, stock traders, and car companies, are relying on machine learning to improve their performance, services, or products.
For instance, the volume of data we collect on COVID-19 infection rates and the success of the measures we take to slow down the pandemic is constantly increasing. To find efficient solutions for COVID-19-related problems, researchers are feeding this data to machine learning algorithms.
From analyzing interactions uncovered through contact tracking to monitoring the capacity of public areas, self-learning algorithms have the ability to spot connections that human analysis is not able to detect.
From socializing and shopping to recruitment, meetings, and virtual working environments, more human activity will take place online as a result of the pandemic. Businesses will use machine learning algorithms to analyze and understand the changing patterns of consumer behavior. The AI tools we use to analyze these behavioral shifts will become more commonplace.
More and more organizations will build the necessary infrastructure and set aside funds for AI technologies. Others will rely on AI as a service (discussed below).
The use of robots is becoming more common in the assisted living and care sectors. When it comes to interacting with the elderly and other members of society that are vulnerable to infection, these robots will become increasingly important.
Instead of using robots to replace human interactions, companies will use them to offer new channels of communication.
Businesses across the board are already using virtual assistants and chatbots powered by AI to offer 24/7 support to their customers. The next step will be using physical robots to provide 24/7 in-home and in-the-workplace help to everyone who needs it.
Companies are increasingly turning to robotics providers for services such as security and cleaning. The stock prices of companies involved in supplying robots are soaring at the moment.
Extended Reality (XR)
Extended reality includes augmented reality, virtual reality, and mixed reality. The term covers technology that uses cameras, headsets, or glasses to merge the virtual and physical worlds. By 2022, the XR market is projected to surpass $200 billion.
Soon, XR will allow consumers to head to lunch in some faraway country or shop for a new house as if they were actually on-site.
We are already seeing an increase in the use of AR and VR tools in education. The University of Virginia has developed a VR based classroom that helps teachers improve their classroom management skills.
Some manufacturing companies have started to use VR for on-the-job training because it is safer. It also allows them to simulate dangerous scenarios without actual danger.
5G and Enhanced Connectivity
5G doesn’t just mean that we will be spending less time waiting for YouTube videos to launch or webpages to load. Each time mobile connectivity evolved to a new level, we discovered new use cases for the internet.
For instance, 3G made data-driven services and web browsing useful on mobile devices. And, as bandwidths increased with the introduction of 4G, streaming video and music platforms started to grow.
Cloud-based gaming platforms such as NVidia’s GeForce or Google’s Stadia or advanced technologies such as VR and AR will become much more viable when 5G launches worldwide.
Since we won’t need to be tethered to a particular location when 5G becomes commonplace, fiber-based and cable networks may become redundant.
Eventually, 5G will make all other major tech trends available anywhere, any time. There are already some practical examples of this. For instance, Samlar, a Norwegian fishery operator, uses a pilot 5G Telenor Norway network to automate the feeding and care of its fish.
The “As-A-Service” Revolution
AI, robotics, and other technological advancements have become so accessible partially thanks to the “as-a-service” revolution. The “as-a-service” sector provides services that we need to work through on-demand, cloud-based platforms. It’s one of the reasons why even small businesses and solopreneurs can take advantage of groundbreaking technologies.
Many innovators and startups in all industries no longer need to invest huge amounts of money in specialized equipment, tools, and people in order to deploy cutting-edge tech thanks to the many cloud offerings from companies such as Amazon, Microsoft, and Google.
About the Author:
Michael has been working in marketing for almost a decade and has worked with a huge range of clients, which has made him knowledgeable on many different subjects. He has recently rediscovered a passion for writing and hopes to make it a daily habit. You can read more of Michael’s work at Qeedle.
Panasonic Comes up with a New Full-range F1.7 Telephoto Zoom Digital Interchangeable Lens for Mirrorless Cameras
Panasonic has introduced a new telephoto zoom digital interchangeable lens, the LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. (H-X2550), which boasts a large F1.7 aperture throughout the entire 50-100mm (35mm camera equivalent) zoom range with exceptionally high optical performance clearing the stringent LEICA standards. The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. excels at both photo shooting and video recording, satisfying professional photographers and videographers alike.
The new LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. (H-X2550) is been designed to be paired with with the LEICA DG VARIO-SUMMILUX 10-25mm / F1.7 ASPH. (H-X1025), a currently available lens which has been highly acclaimed by creators. They both feature the full-range F1.7 high-speed aperture that provides beautiful bokeh and high descriptiveness. The two lenses cover a focusing distance from wide angle to telephoto, functioning as eight fixed focal length lenses (20mm / 24mm / 28mm / 35mm / 50mm / 75mm / 85mm / 100mm, 35mm camera equivalent) providing the same or an even higher level of descriptiveness than a fixed focal length lens can offer. They have common aperture, high descriptive performance, shape and operability, enabling creators to produce their own unique image product using these two lenses with minimal workflow.
Comprising 16 elements in 11 groups, the lens system features an aspherical lens and three Extra-low Dispersion (ED) lenses that effectively suppress the axial chromatic aberration and chromatic aberration of magnification. Spherical aberration and distortion are also corrected by the aspherical lenses for stunningly high resolution. The use of aspherical lenses and the optimum design of the lens system results in a compact size and light weight while still achieving outstanding optical performance.
Compatibility with a maximum 240-fps high-speed sensor drive realizes high-speed, high-precision auto focusing. In addition to the silent operation achieved by the inner focus drive system, the stepless aperture ring and micro-step drive system in the aperture control section help the camera to smoothly catch up to brightness changes when zooming or panning. The optical design achieves exceptional barycentric stability to minimize image shifts during zooming. A focus ring is equipped for intuitive, precise focusing and linear/ non-linear setting can also be switched with this ring. The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. also excels in video recording performance with a mechanism that suppresses focus breathing at entire zoom range.
The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. boasts minimum focusing distance of 0.28m (at wide end, 0.31m at tele end) and the maximum magnification ratio of 0.42x (35mm camera equivalent) for superior macro photography. The rugged dust/splash-resistant* design for high mobility withstands use under harsh conditions even in 10 degrees below zero. Filter diameter is in 77mm.
The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. (H-X2550) will be available at valued channel partners for $1,799.99 at the end of August.
*Dust and Splash Resistant does not guarantee that damage will not occur if this lens is subjected to direct contact with dust and water.
•Design and specifications are subject to change without notice.
Global IOT market worth $106.1 billion by 2026 – Report by MarketsandMarkets
According to the new market research report “Industrial IoT Market by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Forecast to 2026”, published by MarketsandMarkets™, the global IIoT market size is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2026, at a CAGR of 6.7% during the forecast period.
The growth of the IIoT market is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.
IIoT market for smart beacons technology to grow at a high rate from 2021 to 2026
The IIoT industry for smart beacons is expected to grow at a significant rate between 2021 and 2026. Smart beacons function as signal transmitters that are majorly battery-powered and can be configured with the help of a mobile app. This makes them scalable and highly portable; when Bluetooth-enabled devices, such as smartphones and tablets, come in a beacon’s vicinity, the signal turns on the application in these devices and triggers activities associated with the beacon signal. Further, the increasing demand for IoT solutions worldwide is expected to propel the growth of the market for smart beacons.
Manufacturing vertical held the largest share of the IIoT market in 2020
Over the past few years, there has been an introduction of new approaches and technologies, such as smart factories, cyber-physical systems, and intelligent robotics. Governments in countries such as Germany, the UK, France, the US, China, and India have taken several initiatives for encouraging manufacturers to increase their investments for the adoption of IIoT solutions. The manufacturing vertical is expected to hold the largest share of the IIoT industry in 2021. However, the demand for the agriculture vertical is expected to grow at the highest CAGR during the forecast period.
Browse in-depth TOC on “Industrial IoT Market”
94 – Tables
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IIoT market in APAC to grow at the highest rate during the forecast period
The IIoT industry in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the largest manufacturing hub globally; it is also emerging as a large-scale hub for the metals and mining vertical. Infrastructural and industrial developments in emerging economies such as China and India are contributing to the growth of the IIoT market in this region. These factors are contributing to the growth of the market in North America.
The leading players in the industrial IoT market are Huawei (China), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Honeywell (US), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and SAP (Germany).
MemVerge and Hazelcast to Co-Develop Big Memory Solutions for Financial Services
MemVerge™, the pioneers of Big Memory software, and Hazelcast, the fast cloud application platform, today announced a development and marketing partnership. The Hazelcast platform, featuring real-time streaming and memory-first database technologies, is being integrated with MemVerge memory virtualization and in-memory snapshot technologies to unlock Big Memory capacity and fault-tolerance. The technologies and software will be shaped into Big Memory reference architectures for Financial Services starting with Basel III Compliance solutions that will be introduced in the second half of 2021.
“Financial institutions are reporting that analytics jobs needed for Basel III compliance are growing in size and complexity,” said Kelly Herrell, CEO of Hazelcast. “The reference architectures we develop with MemVerge will enable our customers to transform processes, accelerate the completion of jobs and increase the reliability of applications to capture value at every moment.”
For IT organizations, channel partners, and vendors who need quick access to a Basel III Compliance solution, five Big Memory labs will be available for demonstrations, proof-of-concept testing, and software integration. Visit the Big Memory Lab page at memverge.com for information about capabilities and scheduling time in each lab: Arrow, Intel, MemVerge, Penguin Computing, StorageReview.com, and WWT.
According to Charles Fan, CEO of MemVerge, “The Hazelcast platform excels at large-scale computational jobs such as executing and scaling financial risk calculations. MemVerge Memory Machine™ software complements Hazelcast with the ability to scale-up memory capacity to terabytes per server with in-memory snapshots for fast crash recovery of an entire cluster. The combined power of Hazelcast and MemVerge will deliver superior performance and reliability to our joint customers in financial services.”
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