Let’s take a look at the expected technology trends of 2022.
According to McKinsey research, 2021 was a year of transformation and transition. Businesses, and society started to look towards shaping their futures, rather than focusing on getting through the present.
During 2021, we saw the chip shortage which resulted in strained supply chains and delays . Unfortunately, this could be an issue that is here to stay; it’s been predicted that this is not going to let up anytime soon, with shortages expected throughout 2022 and potentially into 2023).
In response to the COVID-19 pandemic we saw companies across the globe make rabbit digital transformations throughout 2021 – a trend which is likely to continue. Statista predicts global spending on digital transformation will jump 20% annually to $1.8 trillion, yes, trillion, in 2022.
But what does this mean for technology trends in 2022? Let’s take a look.
Generative Artificial Intelligence
Artificial intelligence has been used since 1956, so it’s not a new piece of technology. However, the use of AI has become more and more popular as the years pass by. 2022 is no different.
AI has become an integral part of our lives. It has helped improve personalisation, ranking search results, product recommendations, and the understanding and controlling of devices. We will see the application of AI everywhere during 2022.
Except in 2022 we expect to see one of the most powerful AI techniques hit the market, generative AI. Generative AI involves a set of machine learning methods that learn about content or objects from their data and use the knowledge to produce totally new and more realistic products. Currently, less than 1% of data is produced using generative AI, this is predicted to grow to almost 10% in 2022.
Expansion of 5g-6g and Satellite-Based Internet Usage
We are all well into the swing of working remotely, and hybrid working and the need for reliable internet connection is more imperative than ever. It is expected that by 2022 there will be an increase of 1.4 billion internet users. Not only has the number of people using the internet increased, but the amount of internet used per user is also expected to increase by 11 times the amount used in 2017.
The roll out of 5G will continue to expand and evolve throughout 2022 and we can even expect to see an increase in focus on 6G in 2022 to help users have better, faster internet connections.
High-performance computing will become increasingly important throughout 2022 due to the recent growth of big data-based research and analysis as well as cloud-based computing.
Internet Security and Privacy
The rise of digital has naturally seen a rise in personal and organisational cyberattacks. Something which many businesses have become vulnerable to due to remote working as a result of the pandemic.
It is expected that cyber attacks will increase throughout 2022, resulting in increased internet security and privacy needs. AI will play a big part in cyber security by making protocols easier, less expensive and more effective than ever.
AI can enable cyber security to spot risks and learn behaviours of cybercriminals, thus preventing future attacks
In October 2021, Facebook CEO PMark Zuckerberg announced his futuristic vision – The Metaverse. A place where physical and digital worlds come together. A space where digital representations of people (avatars) can interact at work, play, go to meetings, go to concerts and even try on clothes.
The Metaverse is expected to be immersive and free to access. Creating ecosystems for developers, apps, ads and new digital innovations.
As this was announced in October 2021, it is expected that we will hear a lot more about this throughout 2022. With some companies already exploring the options.
NFT (non-fungible tokens)
Cryptocurrency was founded all the way back in 2009 and has increased in popularity over recent years, with a new type popping up seemingly every month. But there is a new type in town, NFT (non-fungible tokens). A non-fungible token (NFT) is a digital object: computer code and data that conveys ownership of something.
NFTs have been predominantly used as an evolution of fine art collecting, but with digital art. But, they have also been used in real estate, video games, concert seats.
We can expect to see NFTs everywhere in 2022, as they are part of the digital economy and are becoming mainstream. This is because they allow people to own something that represents a part of themselves (hence the digital art).
Blockchain, an innovative breed of distributed ledger, enables companies to track a transaction and do business with unverified parties — even without the assistance of financial institutions.
This capability reduces business conflict and adds other benefits such as append-only data structure, transparency, security, immutability and decentralisation.
In 2021, companies spend almost $6.6 billion on blockchain solutions in 2021 and this is expected to grow beyond £15 billion in 2024. With the rise of NFTs and the Metaverse, blockchain will become more important in 2022.
Businesses are encouraged to start looking into blockchain technology as it is expected to generate significant business opportunities.
Cloud computing will continue to be of great importance throughout 2022. Automation, such as the cloud, AI and robotics, are the key to sustaining and enhancing operations.
It has been estimated that 70% of companies will be using hybrid-cloud or multi-cloud platforms by 2022 as part of a distributed IT infrastructure. Meaning data and processing can be handled in the cloud but made accessible to devices faster.
From the initial glance of 2022 tech trends, It doesn’t look like there are any ground breaking new technologies emerging in 2022, but I guess you never know where technology will go. We will see the continual development of the digital transformation era and how businesses will apply these trends and technologies to their own strategies and operations.