Ever year, we get to see tremendous advancements in technology. But this year the COVID-19 pandemic has accelerated technology in a manner never seen before. Unlike the dot-com boom, the pandemic forced businesses to operate not by choice, but by requirement.
Like before COVID-19 many local grocery stores and restaurants were not online, but today they are. Then businesses who never thought of working remotely had to move to remote operations.
Major disruptions, like an unstable economy, pandemic or the shift in a major industry- always present opportunities for technology to advance the world forward.For example, only in 2020, video calls went from being a hardly used form of work communication to an important part of everyday meetings and discussions.
It is always said that healthcare is slower in adopting to latest technology trends and tools, but after the COVID-19, things have changes drastically. According to WHO’s report the coming 5 years of digital health innovation can look like and how the industry will be using these new technologies, “The vision of the global strategy is to improve health for everyone, everywhere by accelerating the development and adoption of appropriate, affordable, scalable, and sustainable digital health solutions.”
AI for creativity
In past few years, AI has proved to be a lot more than just machines being able to process equations and information for a creative output. In 2018, the first painting generated by AI was sold for $432,500. AI will help society in unlocking their creative potential.
Blockchain technology and cryptocurrencies
Though a lot of the hype from 2017 about blockchain technology and cryptocurrencies faded in the typical media, the past few years have been quite good for these industries. Besides, in a survey conducted on large asset managers and owners in 2019, 94% said they either have digital assets management or are planning to add them in 2020. Also, as per industry experts the digital assets will become the new normal by 2030.
Wearables are in huge demand for a past few years now. But in March 2020, the whole scenario changed when people were restricted inside their homes and couldn’t go to the gym. During this time at-home athletics became a new normal and smart workout gears, wearables and remote leaderboards became common. Consumer spending on wearable technology is expected to double by 2021.
In a survey it was found that during the pandemic, a third of users for the first time used a cloud gaming service, subscribed to a video game, or watched virtual sporting event or esports. Also, previously it was found that for a quarter of users playing video games is amongst their top three favorite activities. It is a comparatively new industry, but COVID-19 increased its popularity tremendously and now its market is expected to surpass $1.5 billion by 2023.
So, 2021 will be an interesting year on the technology front, lets see what new we all get to experience and how technology will shape our world in 2021.