It’s time to look back all that was accomplished in 2016 in the technology world, and see what are all technologies would dominate in 2017. These predictions are purely based on our understanding and may not be full fledged.
- Machine Learning
Machine Learning or Artificial Intelligence(AI) is gaining greater public and business awareness. From self-driving cars to credit card fraud detection. The long-predicted benefits are becoming reality.
- Cyber Security
Given the importance of Cyber security in the digital world and increasing digitization of payments,worldwide spending on cyber security is predicted to around $1 trillion for the 5 year period(2017-2021). After recent demonetisation in India, it’s evident that, there is a more focus on cyber threats in India due to increasing of digital payments.
- Intelligence in EveryThing
EveryThing is getting connected and having greater intelligence. As per McKinsey, Internet of Things (IoT) will generate up to $11T in value to the global economy by 2025. Every physical is getting connected to the network, from sleeping bed to farm tractor to door locks. With Low power wide area network(LpWAN), connectivity even extends to miles.
- VR and AR
Virtual Reality is the technology that replicates a real world.Augmented Reality(AR), combines computer graphics with real world images. VR/AR is $80B market by 2025 as per Goldman sachs. There is a huge opportunity for VR/AR in marketing, entertainment and gaming.
The Blockchain is becoming new database of internet.It is a public ledger where transactions are recorded and confirmed anonymously. It’s a record of events that is shared between many parties.It is also becoming as most widely adopted technology in the recent past.
- Fog Computing
Fog computing(or Fogging) is a term created by Cisco. Fog computing solves latency problem comes with cloud computing by keeping the data as close to the ground rather than sending it back and forth through a central cloud.Recently “Open Fog” consortium founded by industry leaders to seek and create architecture/approach for “Fog”. Fog Computing is really useful in IoT applications where data needs to be processed and take necessary actions immediately instead of sending to central location.
Internet of Nano Things(IoNT) is emerging quickly.Researchers have started shrinking sensors from millimeters or microns in size to the nanometer scale, small enough to circulate within living bodies and to mix directly into anything.