6 Technological Innovations to Become the Next Big Thing

We are in 2022 and can clearly say that we are in the era of technological advancements. Several startups have taken the phrase “next big thing” quite seriously and have earned the name for inventions some of the best innovations, which we are going to discuss in this article. So, without further ado, let’s have a look into it.

Technological Innovations

Top 6 Technological Innovations to Become the Next Big Thing

1. Blockchain

By now, Blockchain has been revolutionized in every industry we have imagined. From banking to politics to healthcare, everyone is enjoying the benefits from the creation of this decentralized digital ledger. It is because it tracks and stores information in multiple places, thereby making forgery impossible. It makes identification through complex calculations very significant. This way, virtual identity theft is unfeasible.

However, banks, governments, and hospitals do not want to decrease their power. Therefore, we can witness some of the advances in space.

2. Virtual and Augmented Reality

After the revolution of extended reality, it is not that easy to envision the future where the lines between the real world and the virtual world will be very thin. While AR will enhance reality, VR will help us in forgetting it. But, when used together, they will open a world beyond reality. Moreover, they will play a vast role in the emergence of the Internet or the Internet of Things, a new industry, and the Internet of experiences.

Some analysts have been predicting that as the AR and VR technologies will improve and more content became available for users, the human point of view about technology will change forever.

3. Cryptocurrency

The Bybit learn states the link between Blockchain and Cryptocurrency. Cryptocurrencies use decentralized technology to exchange goods and services digitally. In terms of future finance, people are expecting cryptocurrency as the next big thing. However, the two massive issues with cryptocurrencies are:

● Although the concept of cryptocurrency is cool and trendy, it often fluctuates after the attention it got in 2017. It means that the technology will work, but there is no mass market. 

● The value of cryptocurrency is very subjective. As we said, the cryptocurrency market is highly volatile. And so, it is significant to invest in the currency carefully.

4. Affective AI / Affective Computing

In 2020, we have experienced Artificial Intelligence (AI) almost everywhere. AI is all about increased storage space, calculation capabilities, and access to massive datasets. These aspects of AI have allowed companies to create statistical models on the steroid that can advance after feeding new information.

With the help of Affective AI, this process can move one step further. It means that algorithms can effectively describe your mood by just looking at the way you look, write, speak, or offer a product or service.

5. 5G

Today, we all want our data to be transmitted quickly and reliably. And the innovation of the 5G network has made it possible. A logical successor to 4G, 5G is known for providing greater speeds using higher-frequency radio waves. Although you might think of it relatively straightforward, a few things, like millimeter waves, microcells, femtocells, and picocells, massive MIMO, beamforming, and full-duplex have caused difficulty in implementing 5G throughout the world.

However, the technology is going to have a vast impact on industries concerning the speed and quantity of data transmitted as well as the quality of the connection. Apart from connecting autonomous vehicles and drones to the Internet, it also allows crucial advances in virtual reality and IoT. Therefore, 5G is not that technology that should be taken lightly.

6. AI Cloud Services / Data-as-a-Service / AI PaaS

Technology is only considered revolutionary after it reaches the public collectively. It could be a reason for the disappointment in AI lately. In fact, only some critical companies are able to earn the benefits from automating tasks that once required human resources.

However, it is not the case for long. Even startup companies are realizing the benefits of renting an algorithm. It is helping them in generating additional revenue from an existing asset while also extracting more data from customers. After all this, AI platforms and marketplaces are promising algorithms that will help you in identifying the customer’s pain point.

Moreover, as the coders acquire automation and join the gig economy, the movement will expand further. Hence, these innovations are truly the next big thing in technology.

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TechGlobeX: 6 Technological Innovations to Become the Next Big Thing
6 Technological Innovations to Become the Next Big Thing
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