The tech space never ceases to amaze. We are continuously witnessing the emergence of groundbreaking technologies at a rapid pace. The year 2021 will be no exception, and already some exciting new trends have been gaining a lot of attention.
Here are a few of our favorite new trends to keep an eye out for, these technologies will not only change our everyday life but will immensely improve the world as we know it.
Quantum computing is a remarkable new technology trend that has everyone on the edge of their seat. It is a form of computing that takes advantage of quantum phenomena like superposition and quantum entanglement.
A more in-depth definition by Jake Frankenfield defines Quantum computing as follows:
“Quantum computing is an area of computing focused on developing computer technology based on the principles of quantum theory, which explains the behavior of energy and material on the atomic and subatomic levels.”
Computers, as we know them today, can only encode information in bits that take the value of 1 or 0. Qubit is the basis of quantum computing and unlike a normal computer bit, which can be 0 or 1, a Qubit can be either of those or a superposition of both 0 and 1.
This empowers quantum computers to perform at much higher speeds while consuming way less energy than regular computers, creating the potential to rapidly accelerate the development of technologies like artificial intelligence for example.
This is the type of tech that could create breakthroughs in science, medication, and is even involved in preventing the spread of the coronavirus, and the development of potential vaccines. Another field where quantum computing is performing is banking and finance, aiding in the management of credit risk, trading, as well as fraud detection.
“While the classical computer is very good at calculus, the quantum computer is even better at sorting, finding prime numbers, simulating molecules, and optimization, and thus could open the door to a new computing era,” - Morgan Stanley
By 2029 the global revenue for quantum computing is projected to surpass the amount of $2.5 billion. Apart from doing things faster or more efficiently, quantum computing will allow us to do things that the very best supercomputers just aren’t capable of. Things that we have not even imagined yet.
5G is known as the 5th generation mobile network. The predecessor of 1G, 2G, 3G, and 4G networks, these technologies have enabled us to browse the internet, use data-driven services, increased bandwidths for streaming movies and music and so much more, but 5G services are expected to revolutionize our lives.
5G introduces a new kind of network, designed to connect virtually everyone and everything from our personal devices to machines and even other objects. 5G speed tops out at 10 gigabits per second making it 10 to 100 times faster than 4G services.
Telecom giants like Apple, Samsung, Nokia Corp, Orange, and LG are leading the research in creating 5G services. 5G services are expected to launch worldwide in 2021. More than 50 operators will be offering the 5G services across 30 countries by the end of 2021. Just imagine the power that would come from billions of connected devices gathering and sharing information in real-time at a greater speed than ever.
This trend is not just one that you should keep an eye out for, but one that you should ensure to be a part of.
If you have been following the rise of Cryptocurrency over the past few years, you are probably familiar with the term blockchain, also known as the record-keeping technology behind the famous Bitcoin network.
Very simply, blockchain can be described as data that can only be added to. Hence the term “chain” because you cannot take away or change any of the data previously added, meaning that you’re making a chain of data. Ultimately this is what makes blockchain technology so extremely secure.
“The whole point of using a blockchain is to let people, in particular, people who don't trust one another share valuable data in a secure, tamperproof way.” — MIT Technology Review
Blockchain technology has gained importance due to the fact that businesses run on information. The faster information is received and the more accurate it is, the better the organization will run. A blockchain network can track processes such as orders, payments, accounts, and production. Because all members have a transparent view of the process and all details of a transaction are visible from end-to-end, there is room for greater confidence and opportunity for improved business processes.
Blockchain founders are continuously looking for ways to expand Blockchain’s level of technology and influence. The technology has been enjoying a lot of success in a short amount of time and this growing popularity has placed the technology in a position to rule the digital world of the near future.