Top Technology and Business Trends to look out for in 2022

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  1. Cloud computing

While this trend has been gaining traction with advancements in technology such as IOT, the covid pandemic restrictions that accelerated remote work in the business world will see it accelerate even more in 2022. Cloud technologies are expected to take on an exponential growth. Some of the clouding trends that are expected to be highly adopted in 2022 include;

  • Edge Computing – this involves building localized data centers for computation and storage at or near where it’s being gathered, rather than on a central location that might be thousands of miles away.
  • Containers – these provide a portable and agile way to deploy and manage virtual computing applications in the cloud. With a container, an application workload can run across different clouds and even in hybrid deployments on-premises through the use of Kubernetes container orchestration-based platform. Kubernetes is a platform that allows organizations to automatically scale, deploy and manage containerized infrastructure.
  1. Internet Security and Privacy

Working from home, the ongoing digitization of society, and the increasingly online nature of our lives has increased opportunities for phishers, hackers, scammers, and extortionists. This is why it’s essential for individuals and businesses to be aware of the ever-growing avenues of attack as well as what can be done to mitigate the risks! Some of the cyber security trends that will be among internet security options to choose from include; AI powered cybersecurity and increased internet regulations.

  1. Metaverse

Put simply, the metaverse includes any digital experience on the internet that is persistent, immersive, three-dimensional (3D), and virtual, as in, not happening in the physical world. Broadly speaking, the technologies that make up the metaverse can include virtual reality—characterized by persistent virtual worlds that continue to exist even when you’re not playing—as well as augmented reality that combines aspects of the digital and physical worlds. It also translates to a digital economy, where users can create, buy, and sell goods. And, in the more idealistic visions of the metaverse, it’s interoperable, allowing you to take virtual items like clothes or cars from one platform to another. In the real world, you can buy a shirt from the mall and then wear it to a movie theater. Right now, most platforms have virtual identities, avatars, and inventories that are tied to just one platform, but a metaverse might allow you to create a persona that you can take everywhere as easily as you can copy your profile picture from one social network to another.

  1. Increased use of renewable energy

According to a report recently published by BCC Research, global alternative energy storage will grow to $5.7 billion by 2022 – a 34% increase from 2017. Besides the growing use of solar energy, According to researchers, electrochemical batteries are the most promising form of alternative power storage. This is because these can be configurable, have a long cycle life along with high energy density.

  1. Business automation

Business automation will mainly be expressed through the prevalence of the robotics sector, use of AI and machine learning. The move towards process automation in businesses has been mainly accelerated by the recent global pandemic of Covid-19 that had to be managed under so many restrictions on the population. Such things as social distancing, remote work and reduced human contact I believe have made it possible to realise the opportunities that automation can bring to the business world. It’s clear that 2022 will be a year of significant innovation with automation rising to the top of the business agenda.

  1. Digital finance

Digital banks and financial apps have proliferated in number over the past five years. The market is flooded, and customers are spoilt for choice between providers offering almost the same services, at near identical cost. 2022 will be the year that banks radically step up their game to compete – and the battleground will be customer engagement.

2022 will also be the year that Central Bank Digital Currencies (CBDCs) gain clear, policy-led direction and guidance. A central bank digital currency is the virtual form of fiat money. As such, it has the full faith and backing of the issuing government, just like fiat money does. CBDCs are meant to represent fiat currency. The goal is to provide users with convenience and security of digital as well as the regulated, reserve-backed circulation of the traditional banking system. They are designed to function as a unit of account, store of value, and medium of exchange for daily transactions. CBDCs will be backed by the full faith of the issuing government—just like fiat currency. Central banks or monetary authorities will be solely liable for their operations.

  1. Expansion of 5G and use of satellite-based internet

5G has arrived, and new equipment is currently being installed in densely populated cities across the globe. In many cases, the demand for 5G capacity is exceeding infrastructure improvements, especially in sparsely populated areas that are difficult to access. Now with the next generation of satellites – built from 5G architecture – they will integrate with networks to manage connectivity to cars, vessels, airplanes and other IoT devices in remote and rural areas.

Integrating satellites with 5G infrastructure improves the Quality of Experience (QoE) of high-capacity applications. By intelligently routing and offloading traffic, satellites save valuable spectrum and improve the resilience of each network.

Article sources

https://hbr.org/2022/01/how-brands-can-enter-the-metaverse

https://www.itprotoday.com/cloud-computing-and-edge-computing/3-cloud-computing-trends-will-impact-it-pros-2022

https://www.wired.com/story/what-is-the-metaverse/

https://www.forbes.com/sites/bernardmarr/2021/12/17/the-five-biggest-cyber-security-trends-in-2022/?sh=7a96cda44fa3

https://www.globalbankingandfinance.com/digital-banking-trends-to-watch-in-2022/

https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp

https://www.nokia.com/networks/insights/5g-space-satellites/

Kellen had been a freelance writer for 2 years before joining Infinity Computers, now reporting on everything tech-related. She's also written a book, 'You are great too'. If you have a story about a newly updated tech product or one that is about to launch, please reach out to her.

by Kellen Nakaye

Kellen had been a freelance writer for 2 years before joining Infinity Computers, now reporting on everything tech-related. She's also written a book, 'You are great too'. If you have a story about a newly updated tech product or one that is about to launch, please reach out to her.


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