Technology
Technology has changed the way we see, hear, work, and live. It’s part of our everyday lives, helping us carry out little tasks like ordering breakfast and lifting heavyweight equipment at construction sites. As the world evolves, new technology innovations emerge, giving investors numerous opportunities to cash in. Here are the top five trending tech investments to consider in 2022.
Artificial Intelligence
Artificial intelligence (AI) is an umbrella term encompassing machine learning, data science, smart robots, etc. Artificial intelligence simulates human processes, enabling AI solutions to perform human tasks better. The AI industry has already started to make strides across multiple sectors, including health, banking, and agriculture.
According to Global Data, the AI market will grow from $67 billion in 2021 to over $190 billion by 2025. Alphabet’s CEO, Eric Schmidt, calls these years and the few years after the golden age of investing in artificial intelligence.
Cloud Computing
Efficiency at the workplace demands the right equipment. For instance, the right monitors can afford employees a better view of their workload, helping them work longer hours with no eye strain.
Options like the numerous ranges of Lenovo 1440p monitors can be an employer’s best bet to keep employees efficient.
Another huge challenge undercutting business efficiency is storage and data transfer. Companies spend huge amounts of money installing storage and connection servers and more money maintaining these servers. Cloud computing is a cost-effective way of managing workloads via the internet without spending on hardware and middleware.
Besides cost-effectiveness, cloud computing can be a great way for businesses to store their data and applications, making it easier for remote workers to run operations with little room for data losses and operational lags. This has expanded the usefulness of cloud services. Twice as much as companies seek to move past the harsh realities of the COVID-19 pandemic.
Experts predict the global cloud computing market will grow by 13 percent, crossing $600 billion in market value by 2022. Working via the cloud will become non-negotiable in the post-COVID future, making cloud computing a worthwhile investment.
The Metaverse
The metaverse is a whole new world with its potential yet to fully actualize. However, many big brands from multiple industries have channeled huge investments at the early stage of the metaverse. You can talk of brands like JP Morgan purchasing a space in the blockchain-based Decentraland. Meta, formerly Facebook, is also one of the popular proponents of metaverse, allocating over $10 billion into its Reality Labs. That’s enough proof of the metaverse’s profitability. According to Bloomberg Intelligence, metaverse investments could reach eight hundred billion dollars by 2025.
Cryptocurrency
The trillion-dollar global crypto space is fast-evolving. Previously, bitcoin was the only currency investors knew. Today, over 18,000 currencies are on the crypto market. Many people trust cryptocurrency to bridge the gap between financial inclusion and the most disadvantaged. Its future is tied to government authorities establishing guidelines for recognizing and managing cryptocurrency as a legal tender.
5G Technology
5G is a key enabler of the next industrial revolution. It’s a mainstay of the Internet of Things concept, helping smart devices talk to each other and support livelihoods. Investing in 5G can be directed towards wireless carrier companies like ATnT and Verizon that are advanced in taking their customers to the new world. Device makers like Apple and infrastructure managers can also be a good alternative if you want to invest in the 5G tech.
Generally, cloud services, 5G, cryptocurrency, the metaverse, and AI, are among the top trendy tech innovations in 2022. And these tips can make the concepts clearer as you plan to invest in tech.
