Unboxing the Future
Rapid advancement in the technological sector never fails to excite us with what comes next. By the end of 2022, you may expect the global spending on technical services to hit a whopping $2.3 trillion. This expenditure seems to rise tremendously in the coming years. What could be the reason behind these vast figures?
From the continuous discussion of Metaverse to the increasing popularity of 5G networks, the technology is becoming faster and smarter than ever. Here is a list of a few game-changing tech trends you will embrace in the near future.
5G Technology ~future of communication
50% of technology is all about communication. That gives 5G a profound impact on businesses of the decade. With a speed of 20GB/s, it provides amplified broadband, object-specified transformation, and unlimited scope for IoT enhancement.
Analysts estimate 5G would support 1,000-fold gains in capacity and connections for at least 100 billion devices. While this means faster browsing for businesses, the unchecked growth of LTE still questions 5G.
3D Printing ~Medical upgradation
“3D printing applications can be as simple as electronic housing covering or a customized medical device”-Greg Paulsen.
With Princeton, New Jersey, and many universities expanding their research, 3D printing of bionic body parts is going to be a new business in advanced prosthetics. Ossiform company specializes in 3D printing human bones and using them in surgeries. A ‘bionic ear’ was 3D printed that can hear sounds beyond human capable range.
This business tends to grow from 2020’s value of $5.2 billion to $21 billion by 2030. Do you think we can likewise anticipate 4D-printing technology? It’s quite cutting edge!
Virtual and Augmented Reality ~Metaverse
Since the launch of Pokémon Go in 2016 unveiled unique smartphone applications, many other companies like Facebook, Snapchat, Lenskart, and Ikea have invested in VR/AR applications. Apple’s ARKit-5 and Android’s ARCore are the latest open-source tools for developing AR apps. Meta has also been developing a VR headset, ‘Project Cambria’, which is expected later this year.
Currently, Goldman Sachs is betting on the virtual and augmented reality industry to become a $200 billion market by 2025 — it’s around $23 billion right now.
Hydrogen planes ~airborne revolution
Considering environmental concerns due to carbon emissions in commercial flights, the UK oriented “Fly Zero” -a £15 million project with a capacity to carry 300 passengers across half the globe. Hydrogen as a fuel means cutting carbon dioxide generation.
Airbus and FlyZero are a few initiatives currently working to make this eco-friendly flight possible.
The biggest challenge seen is within the mass production of hydrogen, which includes the emission of greenhouse gases.
GPT-3 ~a step closer to AI
Writer’s block is no longer a hindrance. OpenAI’s 3rd gen language model GPT-3 generates AI-written text almost indistinguishable from human-composed one.
GPT-3 unveiled a better version of chatbots. Studies show GPT-3 can produce racist, communalist, and sexist contexts too. So autogeneration might be of slight concern in cases of such sensitive issues.
If GPT-3 can learn to learn, imagine what GPT-4 could do. Observing the trend of OpenAI’s GPT-n series, GPT-4 might unfold as many parameters as the brain has synapses making it 500 times bigger than GPT-3.
The Smog Free Project ~advancement of Roosegaarde’s Tower
With tonnes of pollution being emitted into the air each year, Dann Roosedaarde’s smog-free towers have been a life savior. These are 23 feet scalable towers that clean 30,000 cubic meters of air per hour not by using ozone but a mere 1400 W of electricity.
Advanced ventures under this project include smog-free rings and bicycles and extended research in developing smog-free drones. Soon, we may have a pollution-free air pocket around ourselves!
Quantum computing ~the reign of supercomputers
In the past few years, US and China have been competitively investing billions of dollars into research on Quantum computing in a battle for global quantum supremacy.
Microsoft’s approach, called the topological qubit(quantum bit) method under the quantum gate model, aims to mass qubit production. The Azure Quantum program developed devices to create quantum properties.
D-wave built the first commercial hardware solution for quantum annealing- the most likely approach for solving complex problems.
Similarly, all the other tech giants have invested heavily in quantum computing. By the year-end, you may expect a new chip of unimaginable data processing speed in the market.
The upcoming technologies are indeed great, but as Dennies Muilenberg spoke, “The future of innovation has to include not only the technology but also economic viability,” i.e., how feasibly it can be afforded and managed matters the most!
Credits: Vajrapu Sanjana— Team E-Cell ABV-IIITM Gwalior
