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The Future of Tech in 2022: Technology Predictions Revealed
During the previous two years, we have learned the necessity of quickly adapting to change in the face of uncertainty. We are at a turning point in our history. You may now access all of the components of traditional IT infrastructure quickly and on-demand from nearly any location on the planet. Even as little as ten years ago, it was inconceivable. Artificial intelligence (AI) and machine learning (ML) models and methodologies have improved to the point that we already see glimpses of previously unimagined use cases. Increasing amounts of data are readily available, and our ability to make sense of it in new and surprising ways is becoming practically natural as a result. Technological innovation is necessary for humans to make progress as a species. We live in a time when technological innovation is threatening to kill jobs and increase unemployment. But as we have observed time and time again, humans find creative new ways to prove their mettle. Technological innovation might be a deflationary force, but in the face of the human spirit, even it has to give in. Here’s a look at the technological predictions for the year.
Prediction One: Increased Focus on Data Analytics in Digital Transformation
Since the use of data as an asset is still in the "early adoption" stage, it is becoming a competitive advantage for top companies as they work to transform their businesses digitally. As a result, data analytics has been elevated to strategic importance. Today, less than fifty per cent of documented corporate strategies mention data and analytics as drivers of enterprise value, according to Gartner. A new approach to data and analytics strategy is emerging as modern data and analytics serve a broader organizational purpose and are more interwoven into how people operate. Many corporations have established data science and analytics teams to develop data fluency skills. However, simply employing data scientists will result in data science being isolated as a service center and will not lead to greater data fluency throughout the firm. Furthermore, as the need for data scientists develops, it is unsustainable to fill the skills gap by simply hiring more people. Data fluency will be promoted as an organization-wide metric, and the optimization of the said metric will be the top priority.
Prediction Two: Bitcoin as Legal Tender
The world went into a state of shock following the announcement of Bitcoin gaining the status of legal tender in El Salvador. The United States, China, India, and the United Kingdom are all considering introducing their own cryptocurrency in the near future. In fact, Senator Wendy Rogers just introduced a bill in the senate for Arizona to adopt Bitcoin as legal tender. At the offset, this might sound like utter stupidity given the volatility in Bitcoin’s price. It is not entirely uncommon for the cryptocurrency to double in value within a month and lose all those gains within the span of a few days. Influential people like Elon Musk have joked about how easy it is to manipulate the prices to thrash the argument of bitcoin being more stable than the US dollar. But with the federal reserve chair Jerome Powell emphasizing that inflation is rampant and increasing constantly, it might not be such a bad idea. On the surface, it makes perfect sense given that the currencies in most politically unstable nations are incredibly volatile, and corruption makes it so they can never get their money’s worth. Over this decade, we will see multiple countries adopting Bitcoin as legal tender, which will force institutions to allocate a certain percentage of their assets to bitcoin, which will drive the price up. There will be a point when price manipulation ceases to be as easy as it is currently. Ark Investments CIO Cathie Wood has stated that the price of bitcoin can reach $500,000 over the next few years with just low single-digit allocations from institutional buyers.
Prediction Three: Into the Metaverse
The metaverse has evolved from literary text ramblings to an achievable technological reality in the past year. In fact, one of the largest companies in the world wants to be known as a Metaverse company. Facebook purported the reason behind the change to be their increasing focus on being a metaverse platform where people can interact with each other. The company is investing tens of billions every single year into these efforts. Meta isn’t the only one trying to put their money where their mouth is. Apple is investing significant resources towards a project that aims to create AR glasses that will pair up with your IPhones and let you interact with the world. With this seemingly never-ending pandemic creating a new reality for our world, the rise of metaverse projects is imminent. People are already spending millions of dollars to buy land in the metaverse. NFT projects are also creating somewhat of a metaverse unintentionally by forming a closed ecosystem of people that hold certain NFTs. The rise of this technology is pretty apparent at this point. What remains to be seen is how much time would it take for something like Ready Player One to become a reality.
How Atidan Technologies can help you on your digital transformation journey
Atidan specializes in creating customized strategies for AI and cloud adoption. With access to the largest talent pool in the world with a proven track record of customer satisfaction, Atidan can help you develop a rock-solid approach to ensure seamless integration. With access to Atidan’s highly experienced recruiters, you can even hire full-time or consultant data scientists or engineers for your business. With decades of experience helping businesses with their technological needs, Atidan delivers more value than you could imagine. With global offices in the USA, UK, India, SEA and success stories across various industries, our goal is to help you realize the full potential of today's cutting-edge technologies. In addition, Atidan’s expert consultants will work actively with your business process managers, IT staff, and executive leadership to identify your requirements and help you reach your business goals. Planning and executing an impeccable cloud adoption strategy can be made easy with the help of Atidan.
