Predictions and Trends for 2018
Predictions and Trends for 2018
2017 has shown that technological innovation and digital transformation has been a continuous catalyst for the digital revolution, but what should we expect to see in 2018?
This year, we have seen infinite innovative and evolutionary disruptions. At Challenge Advisory, we are set to experience more exponential changes that are poised to redefine business and our partnership network. Below are my predictions of technology that will experience further stimulating expansions in 2018.
Internet of Things (IoT)
IoT is one of the fastest growing strategic trends within contemporary businesses. An increasing number of objects can digitally share performance information, helping to transform a number of industries. Through the immense rise in data collection, industries are progressively adapting and learning. 2018 will see the advancement of IoT connectivity with 5G networks and cloud computing, supporting the prediction that there will be 75 billion connected devices within the next two years.
Artificial Intelligence (AI)
AI has already become an everyday part of life for most industries. Any business without an AI data strategy will struggle, as the amount of data produced in modern practice will simply be too much for any human to manage. AI will progress to becoming more practical and useful, automating some jobs and augmenting many others. Robotics will certainly have implicit effect on future governance, sustainability, commerce and health, as we shift to a more machine-learning world.
The growth of blockchain has been tremendous, especially the unprecedented progression in the market capitalisation of cryptocurrencies. As blockchain transforms market structures, we are set to see continued disruptive breakthroughs, as companies concentrate on altering business models. We will see advancements in its capability, especially with cryptocurrencies. Scalability and performance of blockchains will become a critical issue, and it will be fascinating to examine new approaches.
3D printing has changed the game for future manufacturing. The creation of three-dimensional objects through computer-aided design programs has led to breakthroughs in prosthetics for medicine and wearable sensors. Leading companies in industries like aerospace, medical, and construction have been experimenting for years, and it won’t be long before other sectors begin to adapt.
Machine-to-Machine Learning (M2M)
M2M is enabling networked devices to exchange information and perform actions without the manual assistance of humans. It has consistently been gaining popularity in industries such as healthcare, automotive, transportation, retail, manufacturing, and energy. 2018 will offer wide opportunities for businesses to usher innovative and advanced solutions into the market to attract the consumers.
The growth of computing power is fuelling massive tech innovations, but we are seeing a limit of what traditional computing power can handle. Quantum computing is combating these restrictions by becoming millions of times faster than current systems. As we see tech leaders competing to launch the first commercially viable quantum computer, it won’t be long before quantum computers are capable of solving problems that current computers cannot manage – skilled enough to overcome challenges that can’t even be imagined yet.