Every year, technology advances and shifts, always propelling the world forward at higher and faster rates. There is not an industry or facet of modern life around these days that has not been affected by technological development and advancement in some way or another. Websites on the internet go through the process of undertaking a hosting uptime and speed test, mapping and designing their web space, and then maintaining and evolving to become a million times what the concept it was derived from. We now carry tiny computers in our hands that can do anything from sending photos to millions of viewers, to sending messages to the other side of the world in milliseconds.
The very cars we drive around in – and all modes of transport, for that matter – are in the process of going electric. And all of this is driving down costs, creating competitive offerings and disrupting slow to change industries. For example, at the cross-section of car electrification, better privacy and security technology and more automated software is the auto insurance industry. Though things have not changed in a while, we are now seeing a massive shift towards extremely competitive auto insurance prices that could not have been availed before these key tech ingredients came together.
Everywhere you look, technology is present. Each year, certain types of technology break into the market, becoming full-blown crazes that either sink or swim over time. This year, we saw the rise in popularity of the virtual home assistant (think Amazon’s Alexa or Google Home), VR gaming, and further developments and initial testing of electronic vehicles in motion. In 2019, there are three technological advancements that are sure to send waves of excitement and innovation barrelling through the planet.
3D metal printing
The whole world is changing, and the industries that have yet to adapt wholly are bracing for impact. For industries that rely on large-scale warehouse productions to make quality products for the many people, the evolution and implementation of 3D metal printing is going to be the big game-changer. The concept of 3D printing is not necessarily new, but 3D metal printing is (at least, it is to the public). Using a 3D printer, small and medium-sized businesses will be able to produce their products with astounding clarity and excellent quality, eliminating the necessity of hiring out a warehouse and employing tens, even hundreds, of employees to create their products. The most important result of this is that it will cut costs dramatically, meaning that 3D metal printers are likely to be a hot commodity.
Blockchain-based identity and privacy
With the significantly speedy growth of the internet came the inevitable increase in data breaches and digital risks. While it is widely agreed that this result was inevitable, it is a testament to the fact that new ways to identify and protect identity and privacy must be discovered and worked towards. Blockchain-based identity and privacy is arguably the strongest candidate for the role. At its very core, blockchain is designed to provide users with fast, efficient, and incorruptible records that are encrypted, making it easy for them to be verified while remaining safe and secure online. Blockchain-based identity and privacy could well be technology’s answer to the modern identity crisis that has resulted from increased reliance on the technology of the internet.
Artificial Intelligence advancement
AI is a concept that has, until the last few years, largely been nothing more than the stuff of entertainment blockbusters, a concept designed to intrigue people about a future in which humanity forges machine to enhance their reach on the planet. Now, AI is anything but a fictional fundamentality. While we are already seeing the initial beginnings of AI implementation across the board (think chatbots and virtual assistants), 2019 will see the further development and subsequent advancement of the technology, with AI being introduced into the home, the workplace, and general life in more inclusive ways, including (but not limited to) wholly connected smart homes.