Business Innovations: Top Biggest Tech Trends Next 10 Years
As technology keeps advancing and the variety of software solutions, apps, tools, and equipment increases on the market, choosing solutions best for your business isn’t getting easier. There are so many solutions to choose from that business owners often can’t decide what technologies to adopt.
The choice won’t get easier in future years. So, we have prepared this article! Our guide focuses on the main tendencies that should become the biggest tech trends next 10 years. So, let us learn more about these promising solutions.
Blockchain is already changing our world and will become one of the biggest tech trends next 10 years. Never before has the digital financial industry been so transparent and secure. Blockchain technology opens up a few valuable possibilities for different industries.
Blockchain is a distributed ledger shared among different nodes of a computer network. It stores information electronically in a digital form. In simple words, one may add something (a block) to a blockchain but not take away or alter it. That’s where blockchain technology got its name — it creates a chain consisting of blocks of data.
Such a peculiarity makes blockchain more secure since no one is able to alter blocks with data. It’s why so many industries are interested in implementing blockchain technology. Moreover, the technology is consensus-driven, so it’s decentralized. There is no one entity controlling the entire data.
Businesses may benefit from implementing the following blockchain solutions:
We are confident that we have what it takes to help you get your platform from the idea throughout design and development phases, all the way to successful deployment in a production environment!Contact us
- Adding software & hardware wallets, “hot” and “cold,” respectively.
- Launching decentralized applications (dApps).
- Integrating blockchain into existing operations.
- Enterprise infrastructure deployment.
Some industries already benefit from adopting blockchain technologies, for example, FinTech. However, other industries, including manufacturing, logistics, and the Internet of Things, may consider blockchain technology. Moreover, even Metaverse developers are considering building their versions of the digital world on top of blockchain systems rather than on centralized networks.
Today, Metaverse is associated with a futuristic virtual reality with holograms and the usage of VR or AR devices. However, Metaverse technology is much more mundane, even though it will be one of the biggest tech trends next 10 years.
Different companies work on developing their versions of a Metaverse. Some versions could be accessed with a VR headset or AR glasses, while others through the Internet.
One thing for sure — businesses may benefit from Metaverse. Companies that will use Metaverse technologies receive the following benefits:
- Improve customer experience. Businesses can connect better with their clients through immersive environments. Moreover, clients may use interactive tools to find resources online.
- Gain better marketing tools. The simplest example is buying land within Metaverse and placing a banner with a logo for visitors of the virtual reality to notice.
- Get greater brand authenticity. Clients prefer using products and services of authentic and unique brands. Metaverse should help by offering unique solutions.
- Optimize brand access. A few years ago, most customers used laptops to make online purchases. Today, 58% of users buy online by using their smartphones. In the future, people might shift to the Metaverse.
Here’s an example of a Metaverse solution. Suppose you own a traditional brick-and-mortar business. You may offer virtual tours to your place! We can use various tools to record 360° videos or panoramic photos to give visitors a view of an environment as if they are actually visiting the place. The idea offers a more immersive experience so that clients better understand the product or service they want to purchase.
Internet of Behaviours (IoB)
The Internet of Behaviors, or IoB, is an area of research seeking to understand how, when and why consumers use technology and devices to make purchasing decisions. IoB uses three fields of study:
- behavioral science;
- the Internet of Things (IoT);
- edge analytics.
IoB technology focuses on gathering and analyzing data that various sources generate. These sources include digital household devices, wearable devices (i.e., smart watches), and human online activities.
The benefit of incorporating the Internet of Behavior technology into a business strategy is clear: it analyzes behavioral psychology to determine patterns useful for marketers and sales teams. By analyzing such data, they may influence future consumer behavior.
Cloud robotics is another technological solution that may become one of the biggest tech trends next 10 years. We know how standard robots work: they follow instructions set by their software. However, a new trend is emerging, and it requires robots to think.
The idea is to create robots with highly-developed “brains.” These robots can perform more complex tasks, work in different industries, etc. Google Cloud and Amazon Cloud are working on this type of technology. These companies aim to create cloud robots with an understanding of natural human language and their surroundings.
AI and Machine Learning
Undoubtedly, AI and machine learning are the most impactful modern technologies and should stay some of the biggest tech trends next 10 years. Artificial intelligence offers several advantages to businesses, for instance, streamlining work processes or aggregating data.
AI isn’t replacing human intelligence; it’s mostly a supportive tool that makes life easier. Even though AI currently has difficulties completing commonsense tasks that humans can, it is an excellent tool company may use to process and analyze piles of data faster compared to human brain capabilities.
Machine learning is a common type of AI in development for businesses. The most popular use case of machine learning is analyzing loads of data and completing repetitive tasks. This trend positively affects the work environment and allows businesses and organizations to maximize their potential.
Quantum computing focuses on developing computer technology based on the ideas of quantum theory. The quantum theory defines the behavior of energy and material on two levels: atomic and subatomic. Our modern computers may encode information in bits that take the value of 1 or 0, but quantum computing should be able to use quantum bits (qubits). As a result, subatomic particles may exist in 1 and 0 simultaneously.
Why is quantum computing important for businesses? Quantum computers are much more powerful than our modern devices. Such industries as transportation and logistics, finance, advanced manufacturing, and cybersecurity can greatly benefit from powerful computers.
New Energy Solutions
Sustainability is one of the most popular trends among consumers. Most people want to reduce their carbon footprint. However, it’s definitely not enough, and we need new energy solutions.
Energy powers all digital solutions while developing clean energy sources is task number one for the next decades. This need to use alternative energy sources opens up a possibility for businesses.
Clean technology trends include renewable devices, sustainable consumption, green logistics and transportation, power-efficient infrastructure, and waste management. Businesses in different industries can enter new markets by keeping up with clean energy advancements.
DeepTech means innovations with the potential to push technological boundaries beyond what is considered possible today. The area of DeepTech influence includes fundamental sciences (physics and chemistry). However, DeepTech also refers to robotics, AI, machine learning, biotechnology, health and longevity, and the Internet of Things. So, DeepTech refers to several trends mentioned in this article.
Deep technology can help solve such problems as climate change, energy crises, health crises, and even overpopulation. Deep technology can also solve various problems in the business. However, most experts claim such technology should become a solution only if nothing else works. It takes much time, effort, and funds to implement DeepTech solutions.
Voice Interfaces and Chatbots
Businesses aim at better interactions with their clients. The introduction of chatbots improved the way businesses communicate with their customers. Now instead of waiting for hours or days to get an answer from the support team, users get help within minutes. As a result, customer support team members can help clients with unique needs.
However, we can now take a step further and introduce better technologies, such as interactions and advanced chatbots. The introduction of Alexa and Siri proves consumers like these innovations.
Businesses will start implementing similar interfaces to improve interaction with their clients. It’s one of the biggest tech trends next 10 years as it sets to improve customer experience.
3D printing is not a new technology, but many businesses still don’t benefit from its versatile solutions. According to a recent study, more than 71% of manufacturers successfully use 3D printing. Moreover, 52% of manufacturers foresee the technology increasing its influence in the following five years.
Mentioned facts should make business owners worry as they may be missing out on great solutions to their problems. Here are several ways in which 3D printing technology should help businesses:
- The timely prototype development. Developing prototypes and blue chips used to take a lot of time, effort, and money. 3D printing enables businesses to produce prototypes faster while cutting expenses.
- Reduce unnecessary and expensive equipment. 3D printers occupy a smaller space compared to standard equipment. However, 3D printers produce the same or even better items. Businesses often rent, buy, or spend funds to maintain the standard equipment. Instead, it’s possible to invest in a 3D printer and reduce expenditure.
- Cut overhead costs. Overhead costs include power, rent, maintenance, administrative costs, and other expenses spent on traditional equipment. It’s not the case with 3D printers. The device occupies less space compared to traditional equipment. Moreover, 3D printers require minimal human intervention, which also reduces costs.
3D printers offer a competitive advantage to businesses — even such industries as education and healthcare use 3D printing. Logically, businesses related to manufacturing, robotics, aerospace, and construction benefit the most from buying 3D equipment.
10 Reasons to Choose Kotlin Development Company for Your Project
I am here to help you!
Explore the possibility to hire a dedicated R&D team that helps your company to scale product development.