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Top Trends in Technology for 2022

The tech environment has changed tremendously since the start of the pandemic. Gone are the days where companies can laissez faire around the idea of prioritizing innovation. Today it is more important than ever, for companies to have an aggressive strategy on how they plan providing value to consumers through new innovative advancements. It is not enough to simply be a healthcare company, a recruiting agency, or etc. because the rise of technology is coming whether we like it or not. So, we should embrace the change and work together to research and develop new innovations.

1. Artificial Intelligence

Artificial Intelligence also know as AI continues to be one of the leading technologies globally because of its notable impact on how we live are daily lives. AI is known for its superior capabilities in navigation, smartphones, speech recognition and much more. Many innovators are starting to further analyze its ability to assist with predicting consumers needs in real time enabling authorities to efficiently utilize resources and enhance consumer experiences to increase profits. As of 2022, the AI industry is suppressing expectations with a whopping total of $57 billion. Even so, according to MarketsandMarkets it is projected to grow to $190 by 2025.

2. Virtual Reality

Virtual Reality (VR) is a simulated environment that appears to be real because of the lifelike computer-generated images. It is commonly used for video gaming and safety training. We see great potential in this industry as VR continues to be further integrated into our daily lives. There is new research indicating it the benefits of implementing it in new training procedures, education, entertainment and much more. According to Statista, The VR industry is projected to exceed $209 billion by the end of 2022.

3. Blockchain

According to Oxford Languages, block chain is “a system in which a record of transactions made in bitcoin, or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network. “In simpler terms, it is a list of records or “blocks” that stores data publicly and in chronological order with no central authorities controlling them. In addition to cryptocurrency, block chain also has the potential to help in supply chain management, cybersecurity, financial services, music, and much more. According to International Data Corp., the Blockchain industry is expected to exceed $12 billion by the end of 2022.

4. Internet of Things (IoT)

According to Oxford Languages, the Internet of Things (IoT) is “the interconnection via the internet of computing devices embedded in everyday objects, enabling them to send and receive data.” Thus far, IoT has had a huge impact on how we live our daily lives in such way that we can now make smart homes, track health & fitness, and so much more. Its potential is endless, and it’s projected to reach well over $15 trillion in global spending by 2025 (Gigabit).

5. Cyber security

With growing dependency on online activity for businesses across the world, cyber security has become more important than ever. We must enhance security efforts because cyber threats are very common issues today, especially for companies that handle third party transactions. Therefore, the technology behind cyber security and its capabilities must constantly evolve for companies to avoid the risk of being hacked. According to Gartner, “estimated that spending on information security and risk management will total $172 billion in 2022”.

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