Technology is developing at a steadily growing pace, making long-run forecasts irrelevant. Short-run forecasts on the other hand, tend to show far higher success rates. Let’s take a look at five of the most dominant technology trends that are expected to make an impact in 2015 and in the years to come.
Cyber, or more accurately – cyber attacks of all kinds and the efforts made to prevent them – is not a new issue by any means and has gone hand in hand with the creation of the internet itself. The constant introduction of computing to a growing number of areas, from cars to smart houses and wearable computing, increases humanity’s vulnerability and the temptation to take advantage of this vulnerability. The demand for cyber security technologies is therefore increasingly on the rise, and will continue to be so as technology advances and plays an integral part in our lives.
The internet of things (IoT) is the next generation of the internet, not just a net of web pages but also a web of physical objects or ‘things’; cars, goods, buildings, people, machines, plants and even soil. Every natural or man-made object can be given a particular ID (an IP address) and the ability to transfer data to the internet. The potential of the IoT is unparalleled to anything we have known to date – things in the world will be empowered with human-like intelligence, will have the ability to look after themselves without our help, will improve the way they function and will give us a new information and understanding about our world, far beyond our imagination. This flood of information will force us to deal with data quantities not previously encountered and will turn ‘big data’ into a trendy sector as well.
One of the most promising and literally up-close aspects of technology is wearable computing. The range of devices used for wearable computing is broad and ranges from glasses (Google glasses) to shoes, to shirts and to watches (Apple’s iwatch). The capabilities of these devices continue to grow, and in combining them with augmented reality features, the user can be transported into the realms of science fiction enabling them experience the world differently.
An integral requirement of the world is energy and the major energy sources in use today are estimated to run out in about 50 years. Demand, on the other hand, is increasing as times goes by due to technological developments and growing industrialization. This contradiction is a sure recipe for political strifes and economic crises. The solution, it seems, lies in the renewable energy sector. The amount of sun energy reaching earth every hour can supply humanity’s energy needs for a year. At the same time, renewable energy sources, e.g. solar, wind, water, geothermic and biological energies, supply less than 1% of the world’s energy consumption.
‘Money makes the world go round’, as the famous proverb goes and it is not an exaggeration when it comes to Fin-tech. The combination of finance and technology has had a revolutionary effect on the world of finance. Taking into account the enormous market size of the financial world, the undermining of financial pillars since the global 2008 crisis and the fierce competition between financial institutions, it’s easy to understand why Fin-tech is regarded as one of the most promising investment channels today.
The above-mentioned trends will most probably dominate the technology arena, along with a few other trends, in 2015 and beyond. The solutions they supply are very likely to struggle to keep up with the demand making them “the ones to watch”.