Technological trends to look for in 2022

While 2020-21 were mostly spent on making out of the whole COVID situation, there is no denying that the one area that saw tremendous growth during these times was technology. Be its rapid adoption of technology by one and or incredibly fast development of new tech to make the work work, communicate and just generally perform, every aspect of the tech world saw immense growth. And this growth will continue to happen. Here are the top technological trends we can all look out for in the future.

1. Metaverse - Love it or hate it - Facebook, now Meta, has always been at the forefront of tech advancements. Their latest venture, the Metaverse - is basically a whole new world in itself which can be accessed using VR (Virtual Reality). Already there is a rush of people and brands and businesses rushing to gain the early adopter’s advantage by getting on board the Metaverse train. People are already spending millions of real dollars to buy prime real estate in the Metaverse. As more brands and celebrities start using it, so will the general populace which means more brands will want to invest in the Metaverse. Since this whole world is so new, a lot of opportunities are to be enjoyed by anyone who wants to start early and gain some traction. Since this platform is backed by Meta, it is not going anywhere soon.

2. Blockchain/Cryptocurrencies/NFTs - Blockchain as a technology is not new but till now most people only knew it as the concept on which Cryptocurrencies are built and that too primarily because of Bitcoin. But now blockchain has made its presence felt outside the domain of crypto as well. A lot of conventional tech-enabled businesses are now adopting blockchain simply due to its decentralized and mostly-tamper proof nature. This means that as the technology gains more adoption it will be accessible to more people as well. This means more demand for these skills in the future. Cryptocurrencies will gain a lot more mainstream acceptance and will not be at the fringes of the finance world. NFTs have already started to create a very strong buzz.

3. AI/ML/Data Science - Even though compared to the previous two items, Artificial Intelligence (AI) and Machine Learning(ML) sound old and mundane these are still the hottest domain in the tech industry. All the big ambitious projects of the day from autonomous delivery robots to self<1>driving cars rely on AI and Data for existence. Today as more or less every device that we use is connected to the internet and capturing valuable data every second, AI/ML and data science are extremely important to make sense of that data.

4. AR/VR - Although I have touched upon these when I talked about the Metaverse I feel these areas will see immense growth in themselves because of the existence of the Metaverse. VR in gaming and entertainment has existed for a very long time but was somehow not able to gain mass adoption primarily due to high entry cost and hardware requirement which was more often than not very difficult to use. Meta’s involvement would mean that a lot of advancements, at a much faster pace, can be expected in the world of VR which should make it accessible to most. This means a more immersive entertainment experience for customers like us.

By: Akhil Gupta, Head of Technology, Faballey