Undoubtedly, technology has shaped the way we live our lives, ushering us into the age of information. With an unlimited amount of information at our fingertips and endless ways to instantly connect and communicate, you can’t help but wonder: what’s next?
While we can only predict what our future will look like, we can start to see that the possibilities are seemingly endless. And we are only beginning to see a small fraction of what may be to come. In this article, we take a look at four examples of disruptive technologies paving the way for the world of tomorrow – and how it will surprisingly transform the way we live in the future.
The arrival of 5G will not only transform tech but it will also provide an entirely new mobile experience. This wireless technology is being introduced with the primary aim to reduce maintenance costs and energy consumption.
According to a study, 5G is expected to deliver speeds up to 100 times faster than typical 4G technology. As 5G technologies have been continuously evolving, it will certainly change the way we spend our lives, our communications will be faster than you can imagine plus our connections will be stronger. But with such sky-high expectations also come some challenges.
When you imagine a future powered by 5G, connected factory devices that “talk” to each other, mobile internet-connected to multiple devices at the same time, different vehicles communicating with the roads they travel on, and accessibility of information at unprecedented speeds will come to mind. This goes without saying that the new generation of technology opens new opportunities for telecommunications service providers.
5G’s real value will be based upon enablement of emerging applications rather than on faster handsets. We are clearly only at the beginning of a long road with 5G, but the pace of innovation can only be expected to accelerate as operators embrace the full opportunities offered by investing in fully functional 5G networks.
Over the past 30 years, the internet has gone from novelty to necessity. Cybersecurity has existed since the creation of the first computer virus in 1971. That was the “creeper” virus, a harmless application designed to replicate and move from computer to computer. New malware is created every day, however, by “threat actors” who attempt to develop new tools for often-nefarious purposes.
Cybersecurity professionals attempt to stop them, each investing to out-perform the other, in what has become a cat-and-mouse game. In the decades since, the sophistication on all sides in the game have increased. Machine learning and AI are being used by both sides to continue this game of cat-and-mouse. Quantum computing will be next, exponentially elevating the capabilities of an attacker and a defender. So the cat and the mouse will keep getting better and faster, but the overall game isn’t going to change too much.
Predicting how we will stay safe in a hyperconnected world over the next 10 years is a hard task, but experts predict that smart cities and “deepfakes” are two of the major cyber security challenges ahead.
Cybersecurity has traditionally been reactive and threat-centric. This approach worked when organizations were able to secure their critical data in data centers they owned and managed. But digital transformation, globalization, the cloud, and workforce mobility have spread data and users far beyond the perimeter of easily walled-off office networks and data centers.
Purely reactive, threat-focused cybersecurity simply can’t keep up with the way we work anymore. Clearly, something needs to change. The Future of Cybersecurity is Proactive, Predictive and Dynamic.
3. Cloud Computing
Cloud computing is a phenomenon that can be traced back to 1999. For more than two decades, adapting to the latest trends of cloud computing has been crucial for organizations. Fast forward 20 years later, cloud computing is gaining pace. Moreover, it has become one of the most promising and advanced ways of data storage. Cloud computing is highly appreciated for its mobility, reduced risks, and availability.
The world of cloud computing is in a state of flux. Not long ago during the late 90s, the cloud was considered an emerging technology, known only to IT specialists. Today it is a part of everyday life – Majority of today’s businesses use the cloud in one form or another, and this number only looks set to grow. Whether you are one of the few that hasn’t embraced the technology, or you are keen to keep up with the times, it is important to stay up-to-date with the latest trends for cloud computing solutions. Cloud computing is changing businesses in many ways. Whether it is the way they store their data or how they protect their secure information, cloud computing is benefitting all businesses in every sector.
Cloud computing can open a whole new world of jobs, services, platforms, applications, and much more. There are thousands of possibilities beginning to form as the future of cloud computing starts to really take off.
It’s predicted that in the near future cloud computing will make a big jump leading to businesses flourishing, expansion of data storage capacities and high rate of security. With this speed of growth of the cloud, it would be hard to imagine running a business outside of the cloud as it won’t make fiscal sense. Once again, the drive to be more cost-effective and efficient has driven the world of technology to a cloud breakthrough.
Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of “financial technology”.
When fintech emerged in the 21st Century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management to name a few.
A major part of 2020 was all about Covid-19 and how to tackle its growing menace. Almost all industrial sectors felt the pandemic’s impact. Thankfully, many industries were swift to react to the changing dynamics and put effective measures to bounce back with enhanced resilience and fortitude. Fintech is one of these sectors that led the way in the adoption of pioneering technology to handle the challenge.
One good that came out of the pandemic, especially in the financial sector, was that it realized digital technology’s essence. Finance and technology have never been as synchronised as they are today. Be it the banking, cards or payments industry, all manner of financial institutions are acknowledging and embracing digital approaches to stay afloat and adapt.
While advancements in the area of FinTech have been happening at lightning speed, we have only just begun to scratch the surface of what is possible and likely to happen in the next few years. It is no exaggeration to say that FinTech is literally changing our lives and habits by making it easy to trade, bank, and exchange money without the need for physical human interaction.
- 5G – https://technative.io/the-road-to-the-future-what-to-expect-from-5g/
- Cybersecurity – https://www.ft.com/content/ac865cbc-1c10-11ea-81f0-0c253907d3e0
- Cloud Computing – https://cloudacademy.com/blog/cloud-computing-solutions-trends-for-the-future/ https://www.paldesk.com/future-of-cloud-computing-what-is-next/