With 2019 having come to an end, the technology realm is buzzing with all sorts of speculation of all the changes that the new year is sure to bring, particularly as far as technological developments are concerned.
For many tech analysts, 2019 was undoubtedly the year of truth, in which several key technological trends were seen propagating the course of the year. Some highlights that dictated the IT environment in 2019 included enterprises working on the development of blockchain proof of concepts, along with tech giant Google confirmed that it had achieved “quantum supremacy.”
Having said that, however, when looking back at the events of a year, people usually have a tendency to overlook the “bad” occurrences that take place, which usually tends to create more problems than it solves, especially when technological trends are brought into the situation. Unfortunately, despite being labeled as the year of truth, 2019 saw many fraudulent cybercriminals at the forefront of the threat landscape, as is further made evident by the fact that a whopping 1.2 billion records were compromised in the latest data breach alone. Needless to say, as organizations learn to navigate the fragile state of cybersecurity at the dawn of the new decade, it is extremely crucial that companies have a fair idea of what to expect in the coming year.
Despite of many expectations that we had for the year 2020, with everything from flying cars to robots taking over humanity thrown into the mix, we’ve tried to base our predictions in reality and predicted technological developments against a backdrop of several societal challenges, including the exploitation of AI, and privacy violations committed by both ISPs and enterprises.
With that out of the way, we are still hopeful that in spite of the many challenges encountered, the technology that we’ve listed below will be used to bring forth a positive impact on society. Furthermore, when we account for the exponential nature of technological advancements in 2020, it becomes quite obvious that technological convergence is at the forefront of all the booming technological trends. So, without further ado, let’s have a look at some of the most critical technological predictions for 2020.
The first technological trend that we believe will emerge as an essential technological tool in 2020, is the increased use of tokens, along with an overall, and significant increase in the employment of tokenomics.
Our prediction for the role that tokens will play in propagating a decentralized economy, along with becoming an extremely vital organization tool is rooted in the several benefits that tokens have to offer to both individuals and organizations as a whole. Not only do tokens possess a unique set of characteristics, but they also offer a rather distinctive perspective on ownership in the modern digital age.
One of the most lucrative advantages that increased reliance on tokens has to offer is that since tokens are programmable, specific rules, features, and characteristics can be embedded into them, which enable individuals to ensure price stability and exercise ownership, while prioritizing their incentives as well. Usually, individuals tend to customize their tokens to include features and rules that cover dividend release, along with other privileges such as voting rights.
Furthermore, another benefit of tokenomics is that it positively influences the world economy, and results in increased liquidity of resources. It is made possible through the use of security tokens, which enable the owner of a particular token stake in a company asset, which also gives rise to the phenomena of fractional ownership. In this phenomenon, many people can “own” a single asset. It may be assumed that as more and more technology specialists realize the importance of security tokens, the conversion of illiquid assets into liquid assets is bound to have a momentous impact on the global economy.
Fortunately, however, in 2019, there were several exchanges for security tokens opening, which included the likes of Malta Security Token Exchange and OpenFinance. In 2020, the number of security token exchanges is only going to increase, which also increases the importance of token regulation as well.
Having said that, it may be assumed that the countries that exercise local and border regulatory policies for these security token offerings are the ones that are going to reap the most benefits in the shift that the global economy undergoes due to the influence of tokenomics.
Our second prediction for 2020 is simple and is highly rooted in the reality of the technological landscape- the era of a single blockchain is bound to come to its end, and we’re going to see an increasing number of customized blockchain that communicate with each other and work in tandem in a secure environment.
In the past, we’ve seen enough of several enterprises and communities engaged in a race to develop a single blockchain that could be used by a rather staggering number of applications and enterprises, which in retrospect, is a pretty naive and unachievable goal to set.
The primary reason as to why we’ve predicted an increase in the number of tailor-made blockchains is that no blockchain, regardless of how sophisticated or complex it is, can cater to every single type of application on the market. While including an application on a blockchain, an enterprise has to account for a wide variety of factors, including specific protocols, transaction methods, etc, which renders the concept of a single blockchain that caters to all applications and organizations slightly absurd.
On the bright side, the world still has a lot to look forward to as far as blockchain advancements are concerned, mainly because of the expected launch of the Polkadot network, which aims to enable effective interoperability between multiple blockchains within a shared and secured network. Simply put, Polkadot enables companies to facilitate blockchain transaction, and create blockchains that are perfectly customized for a certain application, or organization.
#3- Organizations likely to develop their own 5G networks:
The next prediction on our list is something that tech analysts have been looking forward to for a long time, and 2020 might just be the year where the 5G dreams we’ve been harboring for a long time finally turn into reality.
It is also fair to expect that during this year, or sometime early next year, technological giants such as Apple will follow in Motorola and Samsung’s footsteps and launch the highly anticipated 5G iPhone. Not only will the introduction of 5G phones offer several advantages to the billions of smartphone users around the world, the most notable one being increased streaming and downloading speeds. It will also offer individuals an increased capacity since a 5G network employs a very high frequency and a shorter wavelength. If you’re an iPhone user then start using the best VPN for iPhone to stay safe and secure from all snooping eyes.
However, there is still the challenge of deploying enough resources into the widespread application of the 5G technology, which implies that there’s still a couple of years before the technology becomes as widespread as 3G or 4G, which explains the growing trend of enterprises developing their own private 5G networks.
Some notable examples of companies devising their “personal” 5G networks include big shot names such as Ericsson, Vodafone, along with Shell, Huawei, KPN, Accenture, ABB, and ExRobotics working together to develop the biggest industrial 5G field in Europe.
Taking into consideration the multiple tests that the 5G industrial field labs have conducted, the potential for turning enterprises into the 5G-centric organization is momentous, which is why we expect more enterprises to develop their own 5G networks.
#4- Online trust is going to go downhill:
In the past, there have been more than enough instances to convince even the most naive internet users about the perils of browsing through the interwebs unprotected, which includes everything from data breaches to the increasingly sophisticated threat of phishing attacks.
At the dawn of the new year, we’d like to remind our readers that it is crucial for the well-being and longevity of the internet, that individuals and enterprises realize that the internet is fundamentally broken, which gives rise to several unfortunate consequences, that the modern internet user has come to realize as being a part of the online routine.
Bearing witness to the many faults and vulnerabilities present on the internet is the fact that the founder of the web, Sir Tim Berners-Lee unveiled a global plan to “fix” the web from it’s most prevalent problems in the modern age- the most notable ones being the propagation of fake news, which often leads to political manipulation that has given rise to several serious claims of tampering in elections.
Moreover, when we take into account the dire state of cybersecurity, the rampant nature of data breaches and hacks, and combine it with the emergence of threats such as deepfakes and fake news if left unchecked, the Internet could transform into an Orwellian nightmare, in a matter of years.
Unfortunately, in foresight, we predict that in 2020, the level of trust that individuals and enterprises have is only going to decrease. Owing to technological advancements in artificial intelligence and machine learning, an alarming number of cybercriminals are resorting to the use of AI to wreak a greater level of damage.
Having said that, not all hope is lost since new startups can create a profound impact on fostering online trust by remedying their attitudes, and implement regulation that keeps their online practices in check.
#5- AI ethics expected to grow in popularity:
Although we’ve already hinted at this above, a large number of all the predictions that the cybersecurity world is buzzing with are deeply rooted in the rapid advances being made in the artificial intelligence field, and the number of AI-related breakthroughs is only expected to increase.
In 2020, we predict that the new year will bring AI advancements that revolve around an increase in the speed of the AI programs and a more acute focus on the amalgamation of transfer learning. For our readers who weren’t already acquainted with the term, transfer learning enables an AI system to use a specific model developed for one task, as the starting point for another one.
As the AI industry continues to welcome new advancements, so will enterprises, which according to our predictions, will also give rise to the phenomenon of AI and machine ethics. As per our observations, the development of AI systems is still far from perfect and often results in the formulation of biased AI programs.
Perhaps the greatest issue that enterprises will face in the inclusion of AI and machine ethics, is that ethics are constantly evolving and changing, and vary from context to context.
At the end of the article, we’d like to remind our readers that although we’ve tried our best to make educated guesses, at the end of the day they’re still guesses. Having said that, however, there are still plenty of positives to look forward to 2020 in the technological realms, which is why we’re extremely hopeful about how the year will play out!