8 Key Technology Trends You Can’t Afford to Ignore

5 Oct, 2021

5 min read

1. AI and Machine Learning

Artificial intelligence technology or AI has become a buzzword since its release. Further, AI has profoundly affected the digital industry and has opened up new doors; image recognition, speech recognition, navigation apps, smartphones, personal assistants, and much more are part of its spectrum of progress.

Moreover, Artificial Intelligence has begun to play a role in today’s health system. A recent report predicts that AI will reach USD 309.6 billion by 2026. Meanwhile, AI is being implemented at different levels in several industries, resulting in advanced roles, particularly in the very field that builds this technology, such as programming, testing, and support. The average salary of AI programmers and associated roles is $1,25,000 to $145,000, more than other careers.

Machine Learning, a subset of AI, will continue to expand its influence, driving job creation and technological advancement across industries.

2. Robotic Process Automation

Robotic Process Automation is reshaping how businesses operate by automating repetitive tasks like data entry, email responses, and transaction processing. In 2025, it is going to play a significant role in tech trends by providing numerous jobs and moving toward an increasingly digitized world.

RPA will offer a multitude of career opportunities involving developers, project managers, business analysts, solution structures, and advisors. These roles require a combination of technical expertise, problem-solving skills, and a deep understanding of business processes.

As the industries have started digitizing themselves, RPA’s ability to scale and adapt to a wide range of tasks makes it a key player in the future of work, both in terms of operational improvement and job creation. The result? Those who are equipped with the right skills to develop, implement, and manage RPA solutions will find themselves in high demand.

3. Edge Computing

Edge computing is another buzzword amid technology trends. Its architecture is a distributed IT structure that transports computing resources from cloud data centers as near as possible to devices. The most crucial aspect is to minimize latency demands while handling data and economizing the network cost.

Edge computing technology also encompasses routers, ISPs, switches, access devices, multiplexers, and other components. Further, the edge computing industry will hit around $6.72 billion. As this technology advances, it will soar to new heights.

4. Quantum Computing

Quantum Computing is a realm of digital computing hinging on quantum theory rules. Computer architecture today can only decrypt data in bits involving the digits 1 and 0. The technology has done an excellent job of restricting the spread of Covid-19 and developing vaccines. The world is indebted to it for its capability in effortlessly probing, tracking, analyzing, and delivering what we need.

Quantum computing helps mitigate credit risk in high-frequency trading within the banking and finance sector. Quantum computers offer speed advantages over regular computers. By 2026, the global quantum computing market is expected to reach $1.76 billion. Quantum mechanics, linear algebra, probability, and information theory are key concepts driving important technology trends.

5. Extended Reality & the Metaverse

Extended Reality— which includes virtual reality, augmented reality, and mixed reality— is set to explode in popularity. They are going to be ready to catch the lion’s share in the tech market by being integrated into our everyday lives. The metaverse, a virtual world where people can work, socialize, and play, will gain more traction. Individuals often wrongly assume that metaverse use is limited to gaming.

Tech giants and ambitious startups alike are investing heavily in building interconnected virtual spaces where people can work, play, and socialize without the limitations of the physical world.

What if you could attend a business meeting in your own virtual office or explore an art exhibit with friends from across the globe, all from the comfort of your home? That’s how much of an amazing future we are going to have with this innovative technology.

Read More: Your Gateway to Metaverse Success

6. Blockchain Adoption

Though blockchain technology appears complex, its internal logic is surprisingly simple. First of all, it is the same as a database since it carries digital information on a computer system. Additionally, blockchain technology Saves data chronologically since it is only possible to add and not edit or remove. Thus, a chain of data is made up by naming it. Since it can’t be changed, it is secure. Many industries embrace blockchain technology to base their products on, which automatically increases their demand.

7. Internet of Things (IoT)

The concept of the Internet of Things refers to having all your gadgets connected and operable through Wi-Fi connectivity. This technology is used in home appliances, workplaces, automobiles, and more. We can lock our office doors, turn on our home lights, and heat our ovens, all with the controls in our hands. IoT is identified as a progressive technology trend in 2021, with more to come in 2022.

IoT will play an increasing role in customer service improvement and medical applications. Although this technology trend is still in its infancy, the global IoT market is expected to surpass the $1 trillion mark by 2024.

8. Sustainability Through Green Tech

IT Developers and researchers are doing everything they can to mitigate the effects of climate change. Technology will be crucial in driving sustainable solutions as the climate crisis intensifies. Green tech, which focuses on reducing environmental impacts through innovation, will become a significant investment area.

According to Mastercard, 62% of the world believes companies must behave more sustainably and eco-friendly. In 2025, renewable energy solutions like solar, wind, and energy storage will continue to improve efficiency and cost-effectiveness.

Recent innovations in carbon capture technologies, sustainable agriculture, and eco-friendly manufacturing will contribute to reducing global carbon footprints and helping businesses achieve net-zero goals.

Wrapping Up

Current technologies require you to grasp information security, AI and machine learning fundamentals, networking, hardware interfacing, data analytics, automation, and the idea of built-in systems. There is a great deal to know about. However, from the brief insight provided in this post, you can easily tell where IoT, AI, ML, VR, AR, and blockchain tech technologies are headed. There is little doubt that these technologies will provide ease and security in various sectors. Hence, there is interest from the public and private quarters.

At Cubix, we specialize in helping businesses navigate and implement the latest technology trends, from SharePoint development to advanced AI and machine learning solutions. Is your business ready for the tech-driven future? Contact us today to learn how we can help you stand out.