6 Technology Trends to Keep an Eye on This Year

February 3, 2014

12:27 pm

The year 2014 is set to bring to our homes, offices and factories many technologies that have been in the experimental state for the past few years. Now, there’s no crystal ball to gaze into and accurately predict which open source platform will be popular next year or which Silicon Valley startup is going to revolutionize enterprise operations. But based on certain tech trends, I have created this list of technologies to watch out for this year.

According to IDC predictions in 2014, IT spending in the market will grow by 8.8 percent to exceed $730 billion, and this represents 34 percent of all the IT worldwide spending more significantly. This means a 51 percent increase in the mobility marketplace. According to IDC and Gartner’s researchers, two major technologies that seem poised to change the way we live and work are 3D Printing and the Internet-of-Things. Let’s have a close look at the top technology trends that will continue to dominate the IT world.

1. Internet-of-Things

The Internet of Things (IoT) will bring major transformations in this competitive world. It is not just a “thing,” but it is a vision that is being built today.

The concept is simple – most machines in our homes and offices have microprocessors and limited computing power. By being connected to the Internet, these devices can transmit a lot of data, which can then be either acted upon by a human operator or used to automate certain tasks.

Companies involved in home automation can be one of the biggest beneficiaries of IoT. The Internet of Things will play a crucial role in making systems more efficient by energy management. It can be connected via IoT ,and power utilities are already involved in pilot programs across the US. For example, there are mobile apps available in the market that can be used to control the temperature in your house. Some apps even store your “favorite temperature” and can turn it down when the house is empty. Using a smartphone, IoT-enabled solar panel installations can be monitored and optimized.

IoT has extensive uses in all industries. A few examples of IoT in use are:

Cities Get Smarter

IoT solutions help cities in easing traffic congestion, and create smart parking and smart roads. Sensors all over the city help citizens optimize their driving routes.

Cleaner Environment

Factories can minimize their pollution levels by installing sensors for monitoring the emissions of toxic gases. Water utilities can monitor their water levels and water quality easily with a network of sensors installed in the right places. The data can be read in real-time on smartphones and tablets, which can be distributed, to the employees.

Security and Emergency Services Get Real-time Data

Security firms and emergency agencies are expected to be one of the biggest users of IoT. This technology is ideal for perimeter accessing and monitoring, detecting radiation levels, and controlling hazardous gases.

Retail Chains

Companies in the retail industry can monitor their supplies, storage conditions and their entire supply chain by implementing IoT solutions. Retail chains can monitor their customer preferences and patterns to give their customers an enhanced shopping experience.

Logistics

Monitoring of shipping containers, cold storage facilities, and warehouses is made easier and accessible to more employees with IoT solutions. Retrieving the right item from huge warehouses becomes less time consuming.

Fleet management solutions are the best example of the use of the Internet of Things. The entire fleet can be monitored in real-time. Sensors on food trucks can be used for shelf life management.

Agriculture

From green houses to vineyards, by placing sensors in the right places, agricultural production and quality can also be monitored and improved against adverse weather conditions and damage. IoT is also being used by dairies and cattle raisers to monitor their livestock.

eHealth Programs

Internet of things is playing a vital role in monitoring elderly and disabled people. This functionality enables health care providers to assist their relatives at one go. In coming years, wearable devices are expected to become widely available. In fact, the healthcare industry is expected to be one of the biggest beneficiaries of the IoT.

By 2020, there are expected to be 212 billion IoT devices, and spending on IoT technologies and services is estimated to be around $8.9 trillion.

2. 3D Printing

We heard a lot of hype about 3D printing in the past year, and the technology will continue its march toward the mainstream in 2014. According to the latest market surveys, 3D printers under the $50,000 range are entering the market and worldwide shipments are expected to jump by 75 percent in 2014.

Samsung and Microsoft have already launched 3D printers, and HP plans to enter the market in mid-2014. Most medium- and small-sized businesses are expected to turn to 3D printing for their manufacturing needs. In 2014, 3D printing technology will start to be widely adopted for developing prototypes and short-run manufacturing.

These moves will certainly change the printing market scenario in a major way this year.

3. Mobile Cloud Convergence

Many enterprises have realized the benefits of using cloud services and also the advantages of having mobile applications. This year, we will see the rise of the mobile cloud. In fact, IEEE has identified the mobile cloud as one of the most important tech trends to watch out for in 2014.

As the organization points out, mobile devices have a short battery life, memory, and processing power. However, with tablets and smartphones capable of connecting to the cloud, you can access your data anytime and anywhere. This means that you don’t have to drain your phone’s battery as the heavy lifting is done in the cloud. However, to take advantage of the opportunities that mobile cloud strategies represent, organizations will have to re-write and redesign their applications.

Personal Cloud Services Will Continue to Grow

As privacy concerns continue to grow and more people decide that they want to store their data where Big Brother cannot find it, many are putting their data on personal cloud systems. These “clouds” are often network-attached storage devices or a USB hard drive, which is made accessible via devices such as Pogoplug.

Another popular service is BitTorrent Sync, a free syncing application from BitTorrent, which can help you manage your personal files in a cloud-like Dropbox-ish manner.

The key benefit is that there are no file limits. It doesn’t even have download speed limits and has the standard BitTorrent data privacy and security features. 

Enterprises Will Seek Out More Cloud Services

Now that the gains of having a cloud-friendly enterprise have become clear, thanks to early-adopters, more businesses will shift to a cloud-based IT infrastructure. According to market intelligence firm IDC, one-third of server shipments next year will be made to cloud-service providers.

4. Mobile Apps Continue to Grow

The increasing number of smartphones and tablets among consumers and enterprises has made mobility solutions a necessity for an organization across different verticals. Today, enterprises need to develop apps not just for their consumers but also for their own employees in order to become more productive.

The debate over HTML5 and native apps seems to be ending as developers realize that they need to develop apps based on different requirements. Many enterprises are increasingly choosing the hybrid apps, as they are considered easier to develop and deliver the best development results.

5. Big Data Gets Bigger

As the demand for Big Data rises, investments in cloud-based platforms capable of streaming Big Data will touch $14 billion in 2014. Total spending on Big Data technologies and services will grow by 30 percent over the next year.

The only constraint is expected to be a lack of skilled and certified workers in the industry. IEEE calls this huge amount of data as “Extreme Data” and also notes that there are not enough trained data scientists and easy-to-use tools that can actually help businesses make sense of so much data.

6. Online Education Becomes More Mainstream

In the next year, we will see more universities offering free online courses, as distance education courses continue to increase in popularity among working professionals and students who want a low-cost/free educational model.

The concept is called the Massive Open Online Course (MOOC) and has had a mixed success rate across the world. Public and private universities are trying it out, along with several other companies in the education industry. The focus in MOOC is on the online collaborations and interactions between the students. The for-profit players in the sector are experimenting with a freemium model.

Many technologies have the potential to bring in massive changes in the tech industry, and these are just a few to keep you eye on in the coming year. 

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Mehul Nayak is a digital marketing consultant at Softweb Solutions Inc and Softweb IoT- an IoT solutions provider company based in Chicago. He is responsible to enhance brand awareness & increase visibility of company product and services through digital way. He wants to built strong relationship between his organization and tech users to grow business effectively. Please share your ideas using our Twitter handle @softwebchicago

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