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9 Major Tech and Digital Trends to Follow in 2022

These 9 Major Tech and Digital Trends to Follow in 2022

While some trends can go immediately viral on social media, the latest trends in technology typically arise from weaknesses or issues revealed as they are used. They require a large amount of time and funds to research, develop, and market. All that changed in 2021, when we started spending more time online, in our homes. Technology was crucial to sustaining our daily routines and our sanity. It helped us stay connected to the world and enjoy comforts at our doorstep.

The epidemic has affected several industries and public services because they’ve had to adapt to the new environment. However, many have utilized technology for many years to tackle real-world problems or disrupt established industries. Let’s look at a few trends in technology that we’re hoping to witness in greater frequency in the year 2022 and after.

 

The rise of decentralized finance (DeFi)

Decentralized Financing (DeFi), often known as “DeFi,” is a new digital financial infrastructure that ideally eliminates the need for financial transactions authorized by an organization such as a central bank or government agency. According to the general view, DeFi is an umbrella term related to the most recent wave of financial services advances. DeFi is inseparably linked to the blockchain, the decentralized, distributed, and immutable public ledger based on bitcoin that allows every computer (or node) connected to a network to keep a copy of historical transactions and the concept that no single entity controls or alters transaction records.

Most of the financial services that could be defined as DeFi are found on the Ethereum network, the second-largest cryptocurrency marketplace, which also acts as a platform for other blockchain applications to be built on top of it (Ethereum’s cryptocurrency, ether, is used to pay transaction costs). Using decentralized applications, or dApps, two or more parties can exchange, lend, borrow and trade directly using blockchain technology and smart contracts without the involvement and costs of intermediaries.

As DeFi attracts more attention and capital, traditional financial products and institutional funding are also likely to enter the game.

 

“Buy Now, Pay Later” (BNPL)

Buy now – pay later, or BNPL for short, allows the consumer to buy a product or service on the spot and pay for it in installments. There are two types of BNPL. The first and more popular type allows for repayment in installments over a short time, without interest. The second type offers repayments over a longer time, with interest payments.

BNPL is disrupting the payment and e-commerce industries due to its growing popularity among consumers and merchants. Tech and financial giants entering the BNPL space through various channels are expected to accelerate their growth and create a potential multi-billion dollar market.

 

The Creator Economy

More broadly, the creator economy is changing how people make a living, whether for a content creator on Instagram, a freelance graphic designer, or a video editor. The stock market strength of social networks like Facebook, Snapchat, and Twitter is a testament to the future potential of the content creation economy. Long confined to the rank of a teenage hobby, the “creator economy” now has a solid financial future for both the creators themselves and the brands that benefit from it.

Influencers now can create content that aligns with the interests and values of their fans, attracting brand interest in the process. The obvious emerging benefits should lead to a substantial increase in the amount of content produced on these platforms.

 

The new era of the metaverse

The concept “metaverse” is the newest buzzword to capture the technology industry’s attention. One of the most well-known online platforms is altering its name to reflect its adoption of this future concept.

The metaverse in 2022 will offer interconnected virtual communities that will change how we interact, live and experience reality. Business opportunities, especially in marketing and branding, will create new industries as users shift from the web to the more immersive experience the metaverse can offer.

 

AI is automating healthcare at every level.

Technology can enrich everyone’s life, especially when it can help prevent, treat and cure disease. Intel is working with ecosystem leaders to revolutionize health and life sciences, whether accelerating drug discovery to drive pharmaceutical development or improving access and affordability. Artificial intelligence (AI) in healthcare, including computer vision, machine learning, and deep learning, plays a critical role in achieving this goal. With a robust data management infrastructure, AI can help researchers and health systems quickly gather insights from massive amounts of data previously inaccessible due to data silos.

Artificial intelligence in medicine, pharmaceutical research, and other areas of healthcare can help improve patient care and the health of the general population. Today, deep learning and machine learning in healthcare are streamlining clinicians’ workloads, informing personalized treatment plans, and improving the patient experience.

 

The global semiconductor shortage

The Covid-19 pandemic has put pressure on global semiconductor supply chains. As semiconductor usage continues to increase, these shortages could become a recurring problem and limit the capabilities of software supporting many applications.

The American authorities have just published their conclusions on the current global chip shortage. Unfortunately, they are not optimistic, far from it. According to the White House, shortages will not diminish in the next six months. Yet this is a major issue for the entire world population. These computer chips are vital building blocks for a rising number of items, from your mobile phone and car to other essential commodities like medical equipment.

According to the study results, which the Biden administration relies on, the world is currently amid a chip shortage due to a “perfect storm” of factors. These include an increase in demand that already existed in 2020 and a further spike in demand caused by the influence of the pandemic on increased electronics sales combined with energy shortages and health crisis-related restrictions on production.

Unfortunately, all research on this topic indicates that these factors will persist until at least the second half of 2022 when some of the previously announced investments in the manufacturing space will be operational.

 

Technology for supply chains

In the wake of the recent global pandemic, supply chains worldwide have begun to pick up the pieces and map out new territories to reclaim. Companies will have to alter their supply chain operations for improved efficiency, flexibility, and cost reduction as delivery volumes increase.

The industry is rapidly evolving, and everything is being offered as a service, including the supply chain. Recognizing supply chain as a service (SCaaS) allows companies to achieve a higher return on investment by collaborating with multiple logistics partners to meet all or a fraction of their supply chain needs, such as procurement, production control, manufacturing, and quality, warehousing and logistics.

Furthermore, considering the supply chain as a service provides businesses with a strategic opportunity to increase the efficiency of each component of the supply chain and to design low and variable cost structures utilizing fast, scalable technologies and processes.

 

ARM Chips

“Acorn RISC Machine” does not manufacture chips as such, but architectures used by almost all producers of processors dedicated to smartphones, tablets, digital cameras, and not only…
While the general public is familiar with major foundries (chip manufacturers) such as Intel or Qualcomm, very few, know Arm. However, its technologies are present in all the world’s smartphones and in many computing devices, from servers to connected objects.

The great strength of Arm is to offer a simple architecture and especially offering low power consumption. Ideal, therefore, for embedded computing.
As technology companies move to the ARM platform, the new software will be cheaper and easier to develop, while existing software will need to be upgraded.

 

Wearable adoption is growing.

 

The wearable is derived from the verb “wear.” By definition, a wearable is a connected object (clothing or accessory) that is worn on oneself. The difference with other devices (smartphones, tablets, etc.) is the discretion of the technology integrated into an object.

This technology is vast and includes textiles, glasses, and even jewelry. These constantly connected objects are capable of storing and processing data.

A large part of wearables is used in conjunction with a smartphone or tablet, on Android or iOS, through a dedicated application. However, the trend is reversing towards more autonomy for these connected objects.

By using AI-enabled software, wearable companies will be able to provide users with even more detailed data analytics and produce predictive analytics on health or physical performance.

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