NEW DELHI : As governments worldwide prepare to regulate new technologies, tech firms are already plotting ways to extend their dominance over the digital economy. Evolving tech such as artificial intelligence (AI), cloud computing and the Internet of Things (IoT), and emerging ones like blockchain and the third generation of the internet, called Web3, are disrupting our notions of what online life is or should be. We have listed 10 such trends we believe you should keep an eye on next year
Smarter algorithms and machine language: AI has been the driving force for most products, applications and even devices that we use today. On 22 November, Gartner predicted that the total revenue in the AI software market is expected to hit $62.5 billion in 2022, an increase of 21.3% from 2021.said Woodward, senior research director at Gartner.
AI deployment in 2022 will be in knowledge management, virtual assistants, autonomous vehicles, digital workplaces and crowdsourced data, Gartner said. In addition, companies like Google are developing newer language learning models like Language Model for Dialogue Applications which, the company claims, can hold their own in natural conversations.
Faster networks with bigger bandwidth: 5G has been in the works for what seems like years now, but 2022 may finally be the year we see these next-generation networks rolling out. India has already approved trial spectrum for telcos such as Bharti Airtel and Reliance Jio. The 5G spectrum auctions are expected in the first half of next year. 5G networks will start rolling out to the public next year if all goes well. In short, 5G means lower latency, which is what users perceive as speed. The new networks will allow new use cases for enterprises, enable smart city implementations and more.
Intelligent cloud and edge computing: The new use cases with 5G networks are heavily dependent on 5G. For instance, in September, Airtel tested India’s first cloud-gaming session in a 5G environment at its facility. The company’s chief technology officer said cloud gaming would be among the biggest use cases for 5G networks. The dependency on the cloud will only increase among enterprises.
Moreover, edge computing is finally set to flourish. It is helping enterprises bring the data and computing requirements closer to the user’s device. This trend will help make products like driverless or autonomous vehicles more efficient.
More interconnected devices that talk to each other: Earlier this month, Airtel, Invest India and the National Investment Promotion and Facilitation Agency announced a Startup Innovation Challenge. The challenge asks early-stage startups to create new use cases involving IoT. As data flows faster and computing power comes from large server farms using the cloud, more devices can start connecting and working as one. A June report by Gartner said the IoT endpoint electronics and communications market will touch $21.3 billion in 2022, increasing its forecast by 22% against the 2021 predictions. This is driven by governments using IoT for surveillance, enterprises using connected devices for everything from banking to communication, and delivering new products.
Privacy gaining ground: After about two years of deliberation, the joint parliamentary committee (JPC) on the Data Protection Bill was finally able to table its report on the bill during the ongoing winter session of Parliament. The JPC recommended that India have one bill to regulate personal and non-personal data and stop companies from profiling children’s accounts and using targeted ads for them. The bill also gives consumers rights over their data. But India isn’t the only country looking into such data regulations. India’s bill borrows heavily from the European General Data Protection Regulation (GDPR), and governments worldwide are also considering such regulations. Big Tech firms are fighting lawsuits against government bodies, competition regulations and more. The outcome of all these cases will impact how our data is used in the future.
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