These are just a few innovations that will make news in 2022. What technology developments, on the other hand, are genuinely dominating corporate agendas this year? Which ones may be flying under the executives' radar but should be brought to their attention? What should business leaders remember when considering these trends?
Blockchain Technology Adoption Rises
Blockchain technology produces a secure "ledger" for data validation and identity protection that allows users to track transactions across devices in a safe, structured, and decentralized manner. Even though blockchain is not a new concept, it is growing in popularity. Because of its increase, adoption of the metaverse will continue to rise through 2022.
"Bitcoin is something that every well-informed individual should be aware of since it has the potential to be one of the world's most significant innovations."
Given how important this technology is in the metaverse and with the rise of NFTs, businesses should start learning more about it. If it's in line with the company's goals, internal technological applications, and strategy for leveraging the technology's public uses, it's a good fit.
The continuous growth of AI and Automation
Although AI has been a popular buzzword for several years, it doesn't change the reality that new applications and use cases for such flexible and expanding technology continue to emerge.AI's power extends far beyond that, and its usefulness in the corporate world is infinite.
Predictive analytics is one of the most popular AI applications, and the market is expected to expand year over year, reaching $22.1 billion by 2026. Predictive analytics is helpful in a wide range of businesses. It enables digital marketers to run well-optimized ads and follow changes in consumer behavior. It helps to eliminate fraud risks by allowing for the detection of deviations from standard patterns.
One of the most important lessons learned from the Covid-19 outbreak is that businesses no longer need to be tied to a physical place. Employers have recognized that hybrid workspaces can promote better productivity and allow the organization to explore a more diversified pool of candidates across several roles after over a year of remote work.
According to most indications, the future of work will be hybrid: 52 percent of U.S. workers prefer a combination of working from home and the office, claiming that it improves their ability to be creative, solve problems, and form relationships. According to a global study, 72 percent of corporate leaders aim to offer a hybrid model in the next year, while just 13 percent expect to reduce their real estate footprint, indicating that businesses will continue to use existing offices in the hybrid work future.
Related: The future of HR technology
Robotics and Nanotech
Nanotechnology will fundamentally disrupt many other large industries, including energy, health, and chemical production, while improving our lives through cleaner energy sources, tailored nanomedicine, and nano-engineered materials. Progress in these areas will almost certainly result in the loss of traditional occupations as improved procedures and technology lead to more automation. However, as highly inventive items develop, it opens the door to new job opportunities.
Machines are also becoming an important aspect of the industry. According to research, procedures performed with the assistance of robots are more efficient and reduce the chance of errors. Furthermore, they are more sterile and patient-friendly. They'll also assist doctors and other medical professionals with activities that demand razor-sharp precision.
Virtual Reality and Augmented Reality
Virtual Reality (VR) and Augmented Reality (AR) are the next big technological trends (AR). While AR enhances the user's environment, VR completely immerses them in it. Although this technology trend has been exclusively used in gaming, it is increasingly being adopted by corporate enterprises.
Businesses are embracing technology because of the numerous advantages it provides.
Here are three areas where VR usage has expanded in the workplace:
- E-Commerce - Personalized shopping experiences are provided by developing virtual storefronts where customers may browse the store using a virtual reality headset and check various things before making a buy without leaving their homes. In the virtual world, showrooms for cars and other products are being established to make it easier to compare products and perform a rapid trail to get desired satisfaction while reducing the likelihood of purchasing inefficient products.
- Tourism and Hospitality - Virtual Tours for existing real-life locations are an exciting benefit of virtual reality applications because they encourage potential visitors to book their tickets after experiencing how enjoyable it would be to visit these locations through a virtual experience of vacation locations, museums, landscapes, and festivals.
- Employee Self Training - Before moving on to the real thing, assembly line workers can practice in a virtual environment. VR-based training programs are particularly well suited to jobs needing precision and having a narrow margin of safety. VR can also be used by workers that need catastrophe training to rehearse in a safe setting. Postal workers might also receive training to better prepare for dog attacks ðŸ˜‚.
Related: Technology Roles in HR
5G refers to the fifth generation of wireless technology. It can provide faster speeds, lower latency, and higher capacity than 4G networks. It is one of the world's most reliable and speedy technologies.
When 5G technology is paired with other cutting-edge technologies like robotics and IoT, it can open up a slew of new commercial prospects. Cloud robotics, machine remote control, autonomous vehicles, industrial automation, and other applications are viable. Offering a more robust and high-performance internet connection will improve the performance of IoT networks.
Zuckerberg's metaverse is included in the VR and AR categories, but it is so large that it requires its section. Imagine a world where you could have a beach chat with your coworkers, take meeting notes while atop Mt Everest, or even transfer yourself from your workplace to Tokyo in just a few clicks, all without leaving your front door. You can even send your AI-enabled digital twin to take your place in meetings or phone calls. These are only a few examples of the "metaverse's" promise for the future of employment.
Remote working is one of the most significant effects of the metaverse on enterprises. Since the beginning of 2020 and the COVID-19 Pandemic, remote work capabilities have become necessary. Some businesses have made the switch to entirely remote work. Although most firms have found the shift to remote work rather painless, several challenges remain.
All of the trends discussed in this article are linked in some way. Because we live in a global village where information circulates swiftly, they draw on each other. People can collaborate regardless of location and regularly do so for the greater good. Technology has the potential not only to increase profits for large corporations but also to improve our lives.
Benjamin Nyakambangwe is a consultant at Industrial Psychology Consultants (Pvt) Ltd
Phone: +263 785 860 523
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