The impact of automation on the manufacturing industry
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Due to the Pandemic, many industries have been affected, leading to a significant change in different departments that have paved the way for several new trends. But there have been so many breakthroughs and innovations taking place right now that it’s exciting to see how they will help revolutionize modern business and society in 2022. Let us look at some of the new trends in leading industries.
What’s trending in the AI industry:
The use of artificial intelligence has only grown since the Pandemic making it one of the leading industries. Artificial Intelligence is used for providing solutions in various areas. AI has helped many businesses manage their customers and products by sharing data-powered insights across the organization. Artificial Intelligence is being used by the IT industry to optimize the host service and operational processes. The use of Graphic databases can now better manage highly interconnected data such as networks. As predicted by IDC in 2019, the Artificial Intelligence industry is expected to grow, and the expenditure on AI technologies may increase to $97.9 billion by 2023.
What’s trending in the Augmented reality and Virtual reality industry:
The Virtual reality industry is the fastest growing industry in Europe. It is expected to grow at a CAGR of 63.3 percent between 2018 and 2025, as analyzed by Valuates. According to research by International Data Corporation (IDC) research, VR and AR will reach 15.5 billion euros by 2022. With head-mounted VR devices and virtual hand controllers, VR can provide different services like education, entertainment, or even training. VR can be used to derive many benefits in a specifically designed environment.
Trends in cybersecurity:
Cybersecurity is the protection of computer systems and networks from information disclosure, theft of, or damage to their hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide. Behavioral analytics is the technology used by social media and online advertising to target a particular audience. Embedded authenticators are emerging technologies to verify a user’s identity that provides better protection than PIN and password.
Trends in the healthcare industry:
In recent years the healthcare industry has had many technological developments, and ‘Telehealth’ is a noteworthy mention. Telehealth is predicted to grow from $79.79 billion in 2020 to $396.76 billion in 2027, according to forecasts, and the number is much larger due to COVID. With the help of Telehealth, patients can consult the doctor virtually. Wearables and smart devices can also help to keep our health in check, which in turn helps us to keep track of our status and developments, if any.
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