Tech trends of 2016 – A gaze into the crystal ball
With the end of the current year, technology will also move forward with massive improvements and innovations. Researchers believe that in the upcoming year, technologies will be widely acceptable and will become common for all the users. Smart devices and cloud are the greatest examples of the current tech trends.
Ever since digital devices have become an important part of our lives, it is continuously growing as “trendy” each year. Trending technologies such as cloud, smart devices, IoT (Internet of Things), and 3D printing are moving rapidly and getting popular in most of the areas that we can’t even imagine.
Let’s have a gaze into the crystal ball for the top trending technologies that can perform pretty well and play the best part in the coming year.
Cloud will increase the growth in the market:
The cloud is accelerating globally based on the Gartner’s forecast for 2011-2017. Researchers also expect that the adoption of cloud will hit $250 billion by the end of 2016. There are more than 18 million enterprises are using cloud technologies at the moment. We can expect that cloud service providers, such as AWS, Microsoft Azure, IBM, etc. that have their cloud platforms will be adopted widely. With that kind of growth expected many companies will get cloud as a service to get a piece of the pie. It is estimated that by the end of 2016, half of the data will be stored in the cloud and expected to keep growing.
On a similar note, researchers also believe that an effective strategy for cloud security will include security guidance and regulatory compliance guidance. This will also concern acceptable and unacceptable usages of public cloud services. So, the future of the cloud technology is expected to take a pick in 2016.
IoT will be available all around the world:
We predict that in 2016 spending on all new IoT (Internet of Things) devices will go beyond $2.5 million/minute. The numbers are overwhelming compared to the current year. As per the companies’ forecast- by 2020, 1.5 million IoT devices will be installed and purchased in every single hour. This level of intensity of utilization will present extraordinary challenges to enterprises and IT companies. The IoT is an important part of the digital world and surrounding user experience. Home automation, Google Nest, Apple TV OS, and Apple Home kit are the best examples of IoT Trends of 2015 that will continue to expand in the coming year. As a result, the emerging IoT platforms will provide all the possibilities to develop connected devices in an easy manner.
3D printing will be the leading trend:
The 3D printer market is growing very quickly. While this technology is in its initial stage, it does serve the current market demand of mid-range structures that will bring enterprise-class experiences at an affordable price.
Today, the market for 3D printing and its services are divided into two parts: 1) low-end and 2) high-end. The low-end printers offer limited functionalities that interest hobbyists and the high-end printers are having advanced functionalities that offer an exclusive user experience to the users and mostly attract manufacturers. The key for market growth in 2016 will be the consistent development of 3D printers starting from the middle range to the high range with advances in performance, multi-material abilities and also the entire printing system.
Virtual reality & augmented reality will level up the market:
The new wave of 2016 also includes virtual reality (VR) & augmented reality (AR) as a trending technology for the upcoming year. VR and AR developments will continue to grow. These days the trend of AR and VR is visible in everyday life and the technology is using high-resolution images. More and more marketers have started using this technology because this allows customers to have an immersive experience which is not possible with mobile apps. Users can have a 360o interior and exterior view. Microsoft HoloLens devices will begin shipping its Development Edition in the first quarter of 2016, which is the best example of this trending technology. Google, Microsoft, Apple, Jaguar and many more believe that this technology has a strength that can level up the technology market for all of us. Refer the below diagram of AR/VR revenue forecast that will give you a better vision of this trending technology.
Image Source: http://www.digi-capital.com
Machine Learning will be on the advanced level:
The next trending technology is machine learning that provides devices with the ability to learn without being explicitly programmed. Machine learning focuses on the development of computer programs that can teach themselves to grow and change when exposed to new data. In this fast-growing era, businesses that are aware of advanced machine learning can get a massive competitive advantage in the market.
Let’s understand this situation by taking a look at an example. Nowadays, to keep ahead of the competition, companies are using smart machines such as Robowriters to create content and basic design. These Robowriters are now creating business content, e.g., product description for eCommerce websites. This automation can conduct even more serious economic transactions. Handling difficult data sets require DNNs (deep neural nets) that allow computers to act separately and identify the object on their own. According to Gartner, “DNNs enable hardware or software-based machines to learn for themselves all the features in their environment, from the finest details to broad sweeping abstract classes of content.” This clearly shows that the rise of machine learning will have the opportunity to increase the use of smart machines to advance the more effective work strategies.
Predictive maintenance will enhance the level of manufacturing:
Predictive maintenance (PdM) is used to monitor the condition of appliances in order to predict when maintenance should be performed. This technique is focused on early detection of issues that scheduled maintenance is not intended to capture. In 2015, many leading manufacturers used this technique to minimize sudden machine failures and increase uptime. There are many different areas of manufacturing where predictive maintenance will prove manufacturers that it is cost effective for product development.
Main advantages of using PdM are:
- Increases appliances’ safety
- Decreases equipment cost
- Reduces labor cost
- Cuts down productivity loss
- Increases revenue
PdM techniques will continue to be one of the best methods of increasing productivity for manufacturers in 2016.
Wearables will be developed in the more powerful way:
Wearable technology was featured in our blog: Top 5 emerging technologies you can’t afford to overlook in 2015. In our previous post, we have mentioned that more wearable tech will come in the market because our society is becoming mobile friendly and wants it available in more environments, including the workplace. Needless to say, the best is yet to come for wearables and the coming year will unveil what’s on the horizon that will make our lives easier.
“Already Google and Levi’s are collaborating on connected fabrication, stepping beyond bracelets and bands to wrap technical functions into everyday clothing. Increasingly technology and science will be used to push the boundaries of creativity in clothing, and technical functions will be integrated into our tailoring and normal accessories.”- Lucie Greene (Worldwide director of JWT Innovation). We can expect surprising wearable elements in 2016 because this technology is growing rapidly.
Data Science & Data Analytics will move up into a variety of use cases:
According to New York Times, “Data Science is a hot new field that promises to revolutionize industries from business to government, health care to academia.” In the last few years, a large number of programs have appeared in reaction to the enthusiasm about big data. The main objective of data science is to help enterprises decipher the data jumble so that they can discover critical needs and opportunities to boost business performance. For example, trying to identify a future of technology based on the organizational data.
2015 has been a really good year in the field of data science. A Gartner survey says that more than 75% of companies or organizations are investing or planning to invest in data science and/or data analytics in the next two years.
Remote Monitoring will shape the state-of-the-art technologies:
Since the last couple of years, remote monitoring is used in different industries such as manufacturing, healthcare, and fleet management. Remote monitoring includes state-of-the-art technologies such as wearables, IoT, sensors, and data visualization tools. In 2016, real-time fleet monitoring solution, remote asset monitoring solution, and remote patient monitoring solution will be popular. These solutions will help enterprises monitor their assets remotely and generate actionable insights using BI and data visualizing tools.
If you are interested in moving forward with these trending technologies, contact our technology experts for more details.