Considering the unprecedented, heavily uncertain environment brought about by the pandemic in 2020, humanity and the way we look at technology has almost changed, almost entirely. COVID-19 affected all sectors, mostly negatively but few boomed during through. But technological advancements specially designed technological breakthroughs and digitization made these difficult times bearable, a lot more tangible and closer to the society.
That being said, societal motivations and demand have also become a key factor in driving digital acceleration and advancement of applied science. That’s the reason why socially uplifting technologies like blockchain and AI are dominating the world today and will continue to do so in the coming future.
As individuals and companies navigate their way through the post-pandemic tech culture, we are here to lend a hand in determining how to pave the way for year-round operations and business plans in accordance with the latest tech currents.
Let’s have a look at the three trends that have dominated 2021 and how they have affected all industries.
ARTIFICIAL INTELLIGENCE
AI has grown explosively in the past five years, only for it to be at its prime in this one!
With trends like Machine Learning Operations (MLOps) and Low code/No code movement gaining global community efforts and investors’ undivided attention, it is predicted AI will snowball in the next five years, reaching a whopping $190.61 billion market value in 2025.
In the era of growing concerns around cybersecurity, privacy regulations like CCPA are tightening for the companies that operate on users’ data. That’s the reason why ethical AI is one of the most trending topics in 2021 and the digital world is taking substantial steps towards accountability, fairness, and transparency.
AI’s growth will also be seen in its impact on AR and VR technologies. Together, they’re going to revolutionize defense, medicine, engineering, and of course, entertainment.
A lot of effort is being put into deploying AI in the field of health and medicine in the post-COVID world. Researchers are working to deploy data visualization and ML to extract clinically meaningful knowledge from AI-enabled databases to empower drug discovery.
An article published in Nature journal suggested that AI can identify certain types of cancers from X-Ray images with a degree of accuracy that is similar to that of leading radiologists, and hence it can be used to assist clinical experts.
Apart from this, AI is expected to be deployed heavily in behavioral analytics and personalization. We might also see a hike in popularity of tools that give organizations better access or self-service to the technology as MSMEs seek to establish a stronghold across industries.
86% of CEOs agree that in 2021, AI is a mainstream technology in their offices. By 2030, it will approximately contribute $15.7 trillion, or 26% hike in global GDP.
IOT
With growing popularity of 5G network, IoT is also approaching its best days. Intelligent Virtual Assistants (IVA) themselves are expected to reach $44,255 million market size by 2027. Wearable and smart devices would make for a whopping $180 billion market value by 2025.
The increasingly digital experience of connected devices– smart cars, smart homes, smart offices — it’s changing the way we look at everyday life by adding convenience and luxury substantially.
In 2020, the globally connected vehicle market grossed close to $54 billion, and this number is expected to reach $166 billion by 2025.
IoT, alike AI, was founded for its consumer-centric propensity but now is finding its way into the medicine, agriculture, and manufacturing industries. It is also having a great impact on the popularity of edge computing.
According to research, by the year 2030, there’d be a huge web of almost 50 billion connected smart devices.
PWAS
PWAs are the answer to some of the most challenging questions of the constantly turbulent world of app development. They are the perfect blend of functionality, security, and reliability of both worlds — native apps and websites.
Basically, a PWA runs like a website on any browser that matches web standards, but the user interaction is just alike a native mobile application. It can be installed on one’s phone, it works offline based on cached data, and it supports push notifications.
Owing to its many merits — lower development time and costs, quicker go-to-market time, easier distribution, SEO power, and seamless maintenance — PWA technology has really picked up consumer-centric businesses.
Brands like Walmart, Starbucks, MakeMyTrip, Alibaba, Twitter, and Washington Post are some of the popular early adopters and have paved the way for small and medium businesses to enter.
PWAs are the biggest hit in e-commerce and media/news publishing industries — whose biggest roadblock in customer interaction is the app-downloading stage. Faster loading times than websites and more comforting UX have proven to make the sessions longer and have increased customer satisfaction rates.
In fact, according to research, PWAs have a 36% higher conversion rate and 50% higher engagement rate than native apps. One of the many PWA success stories — of Pinterest shows a whopping 44% increase in the revenue rate with a 40 % increase in traffic.
These statistics make it certain that PWAs are here to stay for the better.
Valere is an award-winning software development agency that has built over 300 top-rated applications for startups and Fortune 500 companies in all verticals like healthcare, finance, sports, fitness, education, and more. Their apps have been featured by the New York Times, and have been consistently recognized as Apple App Store’s top featured apps, TechRadar, and Google Play Store’s top featured apps! Schedule a call with us today to learn how we can help your team create the perfect software or application that can Accelerate Your Business Goals!
