AI At All Corners
According to the study, by 2024 AI will be embedded in nearly if not all technologies and services. Ranging from polite talking machinery to self-driving automobiles, AI will allow machines to be intelligent and reason like a human being. It is suggested that companies will apply the AI technology to predictive analysis, marketing, enhancing security system, business process, and even as an assistant. When the technology evolves it will become cheaper and can assist the firms in enhancement of productivity.
Advanced Private 5G Networks
Private 5G networks will bring benefits and productivity of 5G, the high performance of which will be accompanied by restricted access to information in order to use the advantages of a closed network. Manufacturing industries and the related industries such as health, transport and storage are likely to adopt it first. Such networks will allow applications such as autonomous mobile robots, connected sensors, augmented and virtual reality systems and others where extremely high data rates and ultra-reliable low latency communications are required.
Blockchain for the tracking of supplies
Experts suggest that blockchain integration will revolutionalise the way supply chain works by 2024. Business entities will monitor products in real-time to ensure a genuine article and prevent fraudulent goods, loss, and efficient inventory, and distribution. Yes, it also helps the consumer to know the origin, the parts that comprises the product, and the entire journey of the product before they can go for it and then assist brands to give the consumers total reliability. Data related to supply chain business on the block chain platforms will enhance the efficiency, sustainability, and customer satisfaction.
New Developments in Commercial Space Industry
The commercial space industry is going to take huge leaps by 2024. Reusable rockets have already helped in making space travel more common and cheaper. And shortly, space tourism will begin, thousands of new satellites for telecommunications and surveillance, or generation of space solar power, mining on asteroids, or setting up of cities on the moon will start happening etc. In recent years, the development is occurring at a fast pace, thus calling for new legislation by the government to meet legal and ethical issues.
Also referred to as Precision Preventative Healthcare
AI health assistants will be able to prescribe illness prevention advice based on DNA, behavioural patterns, diet, and medical files before major problems occur. Smart toilets equipped to detect markers in waste, ingestible biosensors, wearable devices and home surround sensors will provide for preventive healthcare and early disease diagnosis. This transformation towards preventive, measure based health care will immensely enhance the quality of health in a given society.
Ideally, ARoCH that is Advanced Robotics for the Home.
Home Service robots will become part of the home by 2024. New computing technology in stereoscopic vision and perception, computing path finding, calculation and sensors in manipulation and artificial intelligence will come together to make robots serve as service robots that can do all household operations such as cleaning, cooking, maintenance, shopping and delivery services, security and companionship. Working in cooperation with smart home appliances will make home robots fill the gap of people’s supplementary abilities to provide novelty in convenience.
Sustainable Energy Solutions
Solar and wind-both will get more popular as efficiency and economics are better and better. Policies for decentralised generation and consumption, microgrids, and the contrary possibility for power storage by means of large-scale batteries will also foster its adoption. Presumably, to reduce the effects of climatic change, still newer designs such as controlled nuclear fusion, geothermal or hydropower taken from pipelines may develop. The main catalyst will be expanding public demand for a new mass-scale economy clean, accessible, and efficient system of sustainable energy.
Extended Reality
XR superimposes computer-generated visuals on the real world to create a synthetic environment, making innovative changes in engineering design, healthcare and games. The presence of haptic feedback and mainly photorealistic graphics will grow comprehensive and increase overall immersion. With new forms of smartglasses and other XR display types entering the market, business uses and, hence, the public acceptance will grow rapidly because of versatility of the new application fields in medicine, remote communication, vocational training, etc.
Innovative Advances in Quantum Computing
While full scale quantum computers are still yet to come in their complete form, quantum computing solution in fields of communication security, portfolios and funds, chemical industries and programming giant, artificial intelligence and of course, organic chemistry are set to breakout. Current collaborations between major tech companies and emerging quantum software players suggest that productive applications are around the corner and that once properly scaled, will produce a quantum leap in productivity. Such programs are also poised to be funded through government efforts on national quantum computing programs as well.
Rise of the Bioeconomy
Biological engineering innovations are changing the structure of the global system into an emerging ‘bioeconomy’ focused on issues such as sustainable food production, health care, manufacturing and energy. Precision fermentation and cellular agriculture are now pointing to an interesting possibility to produce food, textiles,energy and building materials using cell cultures and microorganisms in lieu of animals or plants. These are the biomaterials derived from bio-based chemicals/global pharmaceuticals produced by the synthetic biology process which presents great possibilities of benefitting many different industries as well as the world.
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