The year 2021 is about to be over yet uncertainties related to COVID continue to take the center stage. The first lockdown was an unusual experience for so many. The only thing we used to watch on Cox customer service was the news. Slowly and steadily, we got used to the new normal. Amidst all this chaos, every other eye (implying to those who are interested in investing) is turning to new opportunities in emerging tech.
Why Should You Invest in Emerging Technologies?
Truth be told, emerging technologies are unstable and unreliable, but the rewards of investing in one of these are always worth the risk. Check out some compelling reasons to invest in emerging technologies:
The Returns are Quick
When a new technology is recognized and implemented, it tends to quickly overtake the older systems. Consider how social media has transformed the globe in less than a decade. This increased return is eye-opening when compared to the relatively gradual acceptance of less innovative tech. your investments could pay off much sooner than expected if you invest in a technology that has a bright future.
Emerging technologies offer better alternatives to businesses and they are often accepted due to their convenience. Because of their increased efficiency, businesses are likely to welcome the employment of a cobot robot or cloud computing, for instance. The widespread usage of the technology ensures its profitability.
It Could Be a GameChanger
Nothing in the market compares to emerging technology because of its unique nature and novelty. As a result, they accelerate the obsolescence of competing technologies, ensuring that enterprises either adopt them or risk being overtaken by the competitors.
What are the Top Technologies to Invest In?
Ready to invest? Of course, for that, you will have to know which game-changing technologies should you be investing in. The Foresight 2021 report has examined top tech innovations which have the potential of becoming the greatest hit over the next decade. These emerging technologies are highly relevant in the post-pandemic world.
Let’s check out what they are:
1: Innovation That Promotes Plastic Recycling
Analysts will be watching innovations that will be converting plastic waste into valuable products. This will create a circular economy and avoid pollution.
The concerns about plastic waste from regulators as well as consumers are growing. From food to apparel, all major consumers are now making commitments to participate in recycling and use recycled content. Innovations that convert waste items into products of high value are going to be in demand for meeting the rising challenges.
2: AI-Enabled Sensors
When coupled with Machine Learning and Artificial Intelligence, all types of sensors are now providing impactful insights. The advancement in ML has enabled developers and operators to get more value out of sensors. This will be an opportunity for creating new products and improving internal processes by extracting deeper insights from the existing hardware.
The most common application of bioinformatics is in pharmaceutical discovery. However, the new and far-reaching opportunities, such as personalization, safety, diagnostics, assessment, and traceability are making bioinformatics useful in several industries which also include food and agriculture.
Health and pharma have been critical topics admit COVID and so, bioinformatics has become an important component in the early drug discovery stage. As the biotech and pharma industries are shifting towards biological treatments even more aggressively, Bioinformatics is going to play a large role throughout the development process.
4: Green Hydrogen
Over the years, Interest in hydrogen fuel cells has grown as the use of internal combustion engines has phased out. Analysts believe that green hydrogen can help clean up otherwise difficult-to-decarbonize industrial processes. It is produced from renewable electricity, which can allow us to store and transport clean electricity for a robust and more flexible transition.
5: Shared Mobility
Shared mobility which is referred to as development in mobility outside of traditional ownership examples of which include car-sharing, ride-hailing, self-driving taxis, and others is another trend to keep an eye on.
Lyft and Uber’s rising share has been threatening the multi-trillion-dollar automobile industry. Zero-emission cars and self-driving cars and other innovative automobiles are defining the future of mobility.
6: 3D Printing
3D printing is all about creating patterns in successive layers to form objects. Innovation is not just about tech improvement but also about creating processes for each application. It is possible that as the process of 3D printing improves, so does the outcome of the technology. We are likely to witness two trends in 3D printing: “digital transformation and sustainability.”