The last decade has seen some amazing breakthroughs in technology innovation. While technology is a big part of everyone’s lives, forward thinking companies do not seem to miss any chance to bring better breakthroughs in terms of innovation in the world of technology.
From Artificial Intelligence, Internet of Things, Cloud computing to big data and analytics, technology is on the rise, revolutionizing the future of the world.
But, do you know? According to experts, Artificial Intelligence is the next general-purpose technology even bigger than Internet.
Let’s learn more about AI and other upcoming technologies which are on the rise!
Upcoming Tech Bigger Than Internet
The concept of “next best thing” is slowly becoming redundant because breakthroughs are becoming normal. Here is a list of emerging technologies which might change the world soon.
Artificial Intelligence (AI)
According to PWC survey, Global CEOs believe that by the next decade hiring people will become even more difficult because of the unavailability of key skills, which in turn is increasing the hiring costs. Even though, they believe that cyber security is the next big threat, they will be ahead of competitors in terms of decision-making ability based on data and analytics.
Artificial Intelligence has the ability to learn and function without human help. Robots learning new skills, performing tasks, uploading information into the cloud to help other AI systems to learn quickly, understanding ideas, replicating procedures and developing breakthroughs faster than humans ever could, is what revolutionary AI can do.
It is believed to be the Next Biggest Technology after Internet because AI changes the world beyond simply augmenting humans by disrupting finance, chemistry, diagnostics, analytics and consumer electronics.
Ever thought about visiting the space without becoming an astronaut? Well, it has become a reality. Space Tourism allows large companies in race developing sub-orbital tourist vehicles such as Blue Origin, SpaceX, Virgin Galactic etc, to present space exploration opportunities to the world.
While you could only think about shuttles for this kind of exploration, some futuristic companies have already thought about space elevators. Researchers from Shizuoka University, Japan, launched an experiment of space elevators to the International Space Station.
Virtual and Augmented Reality
While Augmented Reality enhances reality, the Virtual Reality helps us forget all about it. Together, they open the door to a world beyond reality, with the internet or the internet of things, an industry of internet experiences.
According to a recent report, MagicLeap, a leading business in AR/VR industry is set to reach almost $150 billion US dollars by 2022. Their dynamics change every minute becoming better than any other experience of technology as it makes more and more improvement and content available to users.
With the emergence of nanomedicine, which is an application of nanotechnology, it has become more effective in the management of severe diseases. With the help of nanomedicine, the effect of any drug on human body which is absorbed and removed very quickly, can increase the time period till which the drug remains active in the human body.
Development of nanomedicine advances everyday with the contributions of genetics, proteomics, molecular biology, material science and bio engineering. Scientists are working everyday to make advancements in medical devices and equipment’s which can be used to improve nanotechnology’s efficacy, safety and personalization.
Can you imagine how much time you spend on travelling every week? It’s a lot, right? Well, if investment in this technology works rapidly, you will soon spend your driving time sleeping, reading or online shopping.
Even though, Self-Driving Cars do exist and every large auto company is trying to dominate the market with this advancement, it is the next big thing.
According to a report, General Motors has acquired Cruise Automation for over $1 Billion US dollars. Ride-hailing services like Uber and Lyft and garage hackers like George Hotz have invested massively in this sector expecting big changes.
Engineering for Immune System
Have you heard of huge companies like Cellectis, Juno Therapeutics and Novartis who are saving thousands of lives everyday through genetic editing and immunotherapy? It is believed that even though we have not come close to finding the cure for cancer or an alternative to chemotherapy, in the next 2-3 years, chronic and life-threatening ailments like cancer, HIV and multiple-sclerosis can be treated through Immune System Engineering.
Through genetically engineered immune cells such as Killer T cells, doctors will be able to wipe out cancer while saving millions of lives.
Insanely Fast Internet
Remember when we used dial-up modems to get internet connectivity. Well, those days are long gone. Innovation like Google’s Loon Balloon is rapidly advancing throughout the United States.
While Google Fiber allows internet speed of up to 1 gigabit per second, that is, 100 times faster than any regular WiFi, Li-Fi technology uses light communication in order to transmit data almost 200 times faster than that of Google Fiber. We are looking at days when internet connection will be a thing of past, and internet of things will connect household devices, wearable sensors and other technologies around the world.
Online DNA Analysis
While you find various apps online which help you track down your ancestors and origins, there is no possible explanation to it. In the next few years, with the advancement in the online DNA analysis, there will be a fair explanation to all your questions.
Companies like Helix, Illumina and Veritas Genetics are working on a technology which enables us to analyze our genetics online, understanding the predisposition of getting certain diseases and many more answers to your questions. It allows us to find out our genomic data and insights about our health. Consumer Genetics business model is revolutionary with very minimal cost to learn about one’s own health.
With countless others emerging technologies in the near future which can be bigger than the Internet, AI is one to be focused on. Such advancing technologies not only solve biggest human problems but also lead to biggest innovations of all time. The potential is limitless with funding and support available to anyone with Eureka idea.