Innovation is the introduction of something new. As we are in this progressing age, one can observe changes in the surroundings within seconds. To cater for this, technological advancements and new innovations with better features are the need of the hour. Futurists of the 1950s or so predicted that by 2000s, we will have flying cars and airborne robots. While the forecasters had their timing wrong, but their foresighted technology was right. Today we are at the brink of manufacturing self-driving cars and robot assistants.
Among these, another important innovation that will go mainstream is the ‘Voice Assistants’. In about four to five years, every home is expected to have a voice assistant like Amazon Echo or Apple Homepod. This is all thanks to the power of artificial intelligence that we are able to develop something like this. Voice assistants are making a vital change in markets all around the world and some scientists believe that in the near future, people will be communicating through voice rather than text. This will save time which can be used in completing other tasks.
Another emerging technology is the technique of ‘Reversing Paralysis’. Researchers have begun using brain-reading technology which helps the people with paralysis to move their limbs again. This is done by placing an electronic implant in the brain which is connected to electrical stimulators located on the body to create a ‘neural bypass’. Although the progress in implementing this technology is slow but this technology is also being tested for people with other diseases like arthritis. These innovations with new advances would allow patients to regain control of their bodies.
The wait for ‘Quantum Computers’ is ending soon. A computer that can accelerate pharmaceutical research, compute equations that are hard to fathom right now or rewrite encryptions. Quantum computers have more qubits, the basic unit of quantum information. Qubits need ideal conditions to function properly, but new technology reduces the computational capability needed to correct errors caused by physical intrusions. These computers will be in the commercial market for common use by anyone in a few years.
The next on list are the ‘Hot Solar Cells’. Solar panels are more efficient today than their previous versions, but they still absorb only a fraction of sunlight. To solve this problem, hot solar cells are introduced which convert the sunlight into heat and then back to light. So, what happens is an ‘absorber-emitter’ absorbs the sunlight then converts it to heat and funnels it to solar cells. This system could even allow energy to be stored for later use. This system could deliver continuous power even when the sun is not shining.
‘Botnets’ is the real game changer in the list. As we are living in the age of smart phones, laptops, internet, media, etc. we do not entirely realize the importance of cyberattacks. Botnets are centralized systems that gain control of internet connected devices to launch cyberattacks. The situation is getting worse day by day with so many devices that have little to no cybersecurity measures. Botnets can evade spam filters, create click fraud, and launch denial-of-service attacks. Once a botnet is spotted, its command and control center can be attacked and rendered ineffective. In the coming years, botnet trends favor the attacker, and more botnet attacks will be coming for internet users.
A world where genetic diseases like Huntington’s and cystic fibrosis are defeated is something, we all wish for. Well, thanks to ‘Crispr’, genetic diseases may be eliminated. CRISPR Cas-9 is an abbreviation for ‘Clustered Regularly Interspaced Short Palindromic Repeats’. It is a gene-splicing technology which is capable of finding and removing mutated sections of DNA. Once it is removed, crispr can replace the mutated ones with non-mutated variants. In conclusion, crispr has the ability to permanently remove certain types of genetic diseases from blood lines. It is already being used to eliminate cancer cells in some patients and may as well be able to cure genetically caused blindness as well in the near future.
Practice makes a man perfect but you never know the advancements in the technology might make the robots perfect too. ‘Reinforcement Learning’ is a new technique which helps artificial intelligence (AI) to solve problems it has never seen before. This concepts is connected with a large neural network which is trained to recognize patterns in data. The computer learns which information is correct and which is not and continuously improves itself. A computer using this technology can beat one of the best players in the world. Reinforcement learning might be moving towards its most vital tests soon with its use in self-driving cars and other technologies.
Another new technology in the market is the ‘Gene Therapy’. It is for hereditary diseases and is available in Europe market and will soon be launched in the United States. The success of these gene therapies increased phenomenally when scientists started to use viruses that are more efficient at transporting new genetic materials. Gene therapies can even treat the diseases which involve multiple genes. This kind of treatment might seem rare now but will be more common in the blink of an eye.
At one point last year, Bitcoin was worth more than $19,000 per coin but recently the value of cryptocurrency has decreased still a single coin is worth thousands of dollars. Cryptocurrency has stirred up controversy around the world but it is steadily becoming mainstream. Platforms like TrustToken and HybridBlock are poised to connect the global trading power of blockchains with real world assetd and are designed to give crypto enthusiasts greater access to silo trading markets which help to expand the industry to a new wave of crypto enthusiasts. As a result, sellers can make illiquid assets liquid, and buyers can have control of a vast portfolio of assets. By giving access to mobile friendly products like easy to use applications, these platforms are providing the market with a new form of crypto education and the tools to execute crypto trades.
Last but not the least on the list is the ‘Artificial Intelligence and Automation’. Some of the world’s most famous brands are majorly turning to automation in order to serve their customers better and become more affordable by reducing the costs. Big box retailers utilize automated warehouses to sort and ship products, while social media networks use automation to moderate comments and credit card companies use automation to detect fraud and theft. The implications here are massive because a new artificial intelligence economy incorporating the decentralized blockchain AI, can change the way businesses operate and run around the world.
Indeed, it is just a matter of time before everything goes to the market. We are moving to a time where everything is just a click away. New innovations are coming daily, changes are being made within minutes. In fact, as we speak, we might be unaware but there might be some company in the world working at this hour to bring a change to your smartphone but there is nothing we can do about it. We just have to hang in there and go with the flow.