Top 15 Technology Trends to Keep an Eye on During the Next 5 Years

3 mins, 57 secs Read
Updated On November 16, 2023

Tech advancement brings us gifts daily. Some trends appear to boom on the Internet and vanish. Other trends do the same thing and stay for years, evolving into unbelievably convenient, gripping, and beneficial things. And here are technology trends that will become more influential until they become the standard for us.

The Growth of IoT

The Internet of Things is not a new concept, but it is only now that we see its true potential. Embedded hardware design for IoT lets us control more devices connected to the Internet, from new mobile models to stationary things like dishwashers. That will also contribute to more efficient data gathering and processing, which might show us new informational priorities. This trend will only expand its influence in the years to come!

Social Network Analytics for All Users

Social media listening tools and applications tend to be the marketer’s prerogative. Nevertheless, there is a tendency that demonstrates how non-business users get the same tools for other purposes. For instance, content creators often use hashtag analytics and resembling tools to find engaged audiences. Another example is bloggers who do not own a business but want to share their journeys with the masses. This trend enables regular users to understand their online presence better and make more informed, evidence-based decisions.

5G Mobile Networks

This technology is not new, but its commercial use is picking up this year. The difference between 5G and 4G is that the former offers much higher speeds – we are talking about 1GBps here. Such speeds are only available in particular areas now and will probably stay like that for a few years. Nevertheless, the implications of 5G’s arrival are significant – we will see an increase in demand for more content, new services, and other ways to utilize this speed.

More ‘Mature’ Voice Assistants

We are used to talking about Siri and Alexa as if they were human beings. The term ‘voice assistant’ has already become a part of our lives, and we do not think anything strange about it. The technology keeps evolving, though, and the new generation of voice assistants is more reliable, accurate, and intelligent. 

Increased Reality Adoption

Virtual reality is not a principally novel concept, but it is only now that we are seeing it entering the mainstream. This year we will see a significant increase in the number of people who use VR devices for gaming, entertainment, and work. The technology gift from science is becoming more affordable and accessible, which means its potential is virtually limitless.

Blockchain Gaining Momentum

That is the underlying technology behind Bitcoin and other cryptocurrencies. However, its potential goes far beyond that. More companies adopt blockchain for various purposes, including data security, supply chain management, and others.

The Rise of Edge Computing

Edge computing is a novel way of handling data processing and storage. It involves distributing these processes across different devices instead of keeping them centralized. More business projects do not hesitate to use that, as it offers several advantages, including improved security and performance.

The Proliferation of AI

Artificial intelligence is one of the most gripping topics in the tech world. AI (driven by embedded hardware design yet again) has become an amazing helper for various purposes, including marketing, customer service, and product development. The possibilities are virtually limitless, and we can only imagine what the future holds for this technology.

The Rise of Chatbots

Chatbots are artificial intelligence-powered software that can mimic human conversation. This year we will see an increase in the number of companies that use chatbots for customer service, sales, and marketing. But it also feels like chatbots are the first form of what can evolve into something more potent. And we can only picture what the future holds for this technology.

Increased Cybersecurity Concerns

As devices become integrated into the Internet with no exceptions, cybersecurity becomes a top concern for individuals and businesses. Moreover, cyber-attacks have become more elaborate and complex. So, the number of companies adopting new technologies to protect their data in novel ways will rise.

Collaborative Technology on the Rise

Collaborative technology is a new way of working that allows people to work together on projects in real time. The spectrum of that technology is broad, and it might be challenging to unify all digital offers into this category. Those can be work organizers with wide functionality, visual communication apps, and other technology pieces that ensure our work is smooth.

Digitized Education

The COVID-19 crisis has forced educational institutions to move online. This trend is here to stay, and we will see an increase in online courses and programs. That shift will allow more people to get an education, regardless of location.

Maximal Automation

Automated manufacturing and other business processes will become standard sooner than later. Autonomous systems will still not replace humans 100%, but they will solve routine issues requiring manual work hours. Moreover, automated systems are amazing for data systematization, which is now the base of all operations.

Big Data, by the Way

Data is the new oil, and those who have it can make money out of it. Large companies have been aware of that for a while and have collected as much data as possible. No wonder more startups focus on collecting and analyzing data.

The Evolution of Mobile Technology

Smartphones are now our palm extensions, but they constantly evolve. It might seem like there are no new features and capabilities we can add to smartphones. We already see a bigger number of people who use them as their primary computing devices. Still, the mobile tech will surprise us with new functions we cannot imagine. 

In Conclusion

These are just fifteen of the many technology trends that we will see in the next five years. It is important to stay up-to-date on these trends to make informed decisions about the direction of your business and life. And we have infinite opportunities to materialize what sci-fi movies show us. 

Author: Manpreet Kaur Sandhu