The tech market is already home to a range of smart hardware and software, but smart devices are set to become even more widespread in our day-to-day lives.
On the back of an exciting year of tech advances, here are 5 trends to look forward to, says Ryan Martyn, co-founder and director of Syntech.
- Rise of blockchain commercial solutions
We will see a proliferation of blockchain technologies taking over the regulation of a wide range of processes that have historically required a level of human validation. We can expect an impact in industries such as insurance where pay-outs can be approved and executed without human intervention. Digital signatures and paperless processes are most likely to impact on how the sales and conveyancing of properties are executed. Integrated with the regulatory environments, blockchain will start to manage and regulate trade agreements and sales.
- Digitising healthcare
There’s already a host of smart hardware and software augmenting everything from screening and diagnosis to treatment adherence and care services. The opportunities for tech to continue to improve access and quality of healthcare are vast. Remote testing, screening, information-gathering and virtual care services will revolutionise the health care industry and create transformation in how we think and act when it comes to our health and wellness.
- Our spaces will get smarter and smarter
IoT, AI, ML (machine learning) and advanced data analytics are already converging to make homes and workspaces smarter. A multitude of devices formulated with open standards will set the scene for everything potentially talking to everything else. Lighting, entertainment, environment control, power usage, surveillance and threat detection will all start to be managed through smart systems. The ability of the systems to learn and respond appropriately to our daily routines will transform the way that we interact with our homes in the future.
- Online ecosystems will continue to disrupt retail
Initially, E-commerce disrupted retail with pricing but it will go on to entirely change the way we purchase. Today we benefit from more extensive product ranges, independent ratings and reviews as well as more competitive prices when shopping online. Shopping will become even more intuitive with recommendations, subscriptions, replenishments and reservations being suggested or automated based on our personal preferences. As humans become more entrenched in digital ecosystems, it will become harder to connect with traditional broad-based retail.
- Tech will drive increasing polarisation between people
Applied AI across our social media accounts and internet searches already deliver to us the news and views, the advertising and marketing, the products and services that reinforce our beliefs and perceptions. There are numerous high-profile examples where evidence that is not credible and validated by an authority easily becomes fact and influences people’s decisions and actions. Today, tech makes it easy for us to become polarised and provides fertile ground for radicalism to flourish. While algorithms based on commercial rather than social values continue to rule what information appears on our feeds, we can expect the disconnection between people to intensify.