The 5 Emerging Technologies That Will Shape the Future
Published on : Monday 27-04-2020
Over the last few years, advances in technology have revolutionized the world and our daily lives. Today, we are all relying increasingly on technology, from switching on and off lights to driving cars and working tasks, all are transformed with the technology. There are a wide range of technologies that will profoundly shape our daily lives in the coming days.
Here are the 5 emerging technologies that are set to change our world in the near future.
Virtual Reality and Augmented Reality
AR and VR technologies are used to deliver a digital immersive user experience that are currently used across different industry verticals for entertainment and business applications. While virtual reality is a comprehensive term for a multi-sensory computer-generated experience enabling users to explore a virtual world and interact with it, augmented reality leverages digitally generated visual overlays to improve the real world. The rise of these technologies is largely happening owing to the growing penetration of smart devices.
Connected Devices
Connected devices are physical devices that connect with each other and other systems through the Internet. Experts predict that over time connected devices will be easier to connect and more convenient to use, which will help people experience the benefits of the internet of things (IoT). Like machine to machine, there is no tough rule as to whether connected devices are automated or semi-automated, but currently require human inputs to complete commands. According to reports, the majority of people have adopted connected devices into their homes, with just more than two-thirds of people (67%) own a smart home appliance such as a Nest thermostat, smart lock, or smart TV.
Autonomous Vehicles
An autonomous vehicle or self-driving vehicle uses a fully automated driving system that allows the vehicle to respond to external conditions that a human driver would manage. Several auto companies are now turning to develop self-driving cars that operate themselves and perform necessary functions without any human intervention, with the ability to sense their surroundings. Tesla, Alphabet, and Waymo are among the key automotive players that are set to bring autonomous cars on roads. Recently, Cruise commits to using 100 percent renewable energy to power its self-driving taxis.
Robotics
Robotics much sound like science fiction and a thing of comics books. But with the advancements in technology, robotics solutions are now a real-world thing. From performing complex tasks to automating tedious ones that are hard for humans, robotics is an effective emerging tool in the modern era. On the industrial level, robots are playing a crucial role by opening new opportunities to propel transformation in manufacturing. Robots can even be seen working collaboratively with human workers. The Tesla Gigafactory is supposedly one of the most advanced factories ever built where robots self-navigate Autonomous Indoor Vehicles (AIVs) freely without beacons or magnets guiding them and their major responsibility is to shift goods between workstations.
Nanotechnology
Nanotechnology promises to influence various sectors of the global economy. It involves the understanding of the fundamental physics, chemistry, biology, and technology of nanometre-scale objects. Its applications range from healthcare, electronics, manufacturing to food processing, green energy, and space. In the medical field, researchers are developing customized nanoparticles the size of molecules that can deliver drugs directly to diseased cells in the human body. If it is perfected, the method should greatly lower the damage treatment such as chemotherapy does to a patient's healthy cells. According to reports, the global nanotechnology market is expected to reach $90.5 billion by 2021 from $39.2 billion in 2016, growing at a five-year CAGR of 18.2%.
Comprehensively, from business development to enhancing living standards, these technologies are playing a vital role and making our lifestyle smoother. We believe, as more companies and research and development involve towards exploring new and advanced technologies, these will further enhance and deliver a better immersive experience to individuals.