5 reasons You Should be Excited about the BIG-Five Frontier Technologies
The rapid growth and sophistication of technology-driven systems are evident, and they now play a significant role in our lives, from the swift adoption of the internet to the reliance on smartphones, social media platforms, and other digital tools. Yet, the world remains captivated by technological disruptions as frontier technologies such as Quantum, Internet of Things, Big Data, Robotics, Blockchain, 5G, Augmented Reality (AR), and Artificial Intelligence (AI) continually emerge with groundbreaking digital solutions.
These emerging technologies are high-performing systems pushing technological capacity beyond traditional limits. According to the United Nations Conference on Trade and Development (UNCTD), frontier tech has a market value of $1.5 trillion, potentially reaching $9.5 trillion by 2030. The report suggests that the global economy hinges on the future of emerging tech, making it indispensable for businesses aiming to stay competitive.
The BIG-Five Technologies and why you Should be Excited
The Big Five comprises specific technologies that have showcased their potential and significantly influenced our societies in recent years. These influential technologies will be the focal point of discussions at our inaugural tech conference at TransformBase. They include Immersive (AR/VR), Quantum, Blockchain, Artificial Intelligence (AI), and Always On Communication (5G/6G).
Immersive (AR/VR): A computer-generated environment replicating physical presence in real or imagined worlds, allowing the user to interact using digital devices. Immersive technologies include augmented reality (AR), virtual reality (VR), and other metaverse systems.
Quantum: Computers that use the principles of quantum mechanics to process information at extraordinary speeds. Quantum computing utilises quantum bits (qubits) to process massive amounts of data simultaneously, quantum communication that ensures ultra-secure data transmission, quantum sensing for detecting minute changes in the environment with supreme precision and quantum cryptography, which offers an unbreakable encryption method.
Blockchain: A decentralised and immutable platform ensuring data integrity and security, invaluable for applications like cryptocurrencies, smart contracts, and transparent record-keeping across various sectors.
Artificial Intelligence (AI): AI involves machine learning, neural networks, and other advanced computational techniques that enable machines to perform tasks that typically require human intelligence. Generative AI is an excellent example of an AI tool revolutionising the business landscape through its capacity to produce content via simple text-based prompts.
Always on Communication (5G/6G): These include the next generation of mobile network technology with great potential for faster speeds, lower latency, advanced real-time sharing, more reliable connections, and the ability to connect more devices simultaneously.
Why Should You Care About the Big-Five Frontier Technologies?
Be more operationally efficient than ever: Frontier technologies such as AI and quantum computing offer businesses the tools to streamline operations, automate routine tasks, and optimise supply chains.
Give your customers better immersive experiences: With immersive technologies like AR and VR, businesses can create more engaging and personalised customer experiences, whether virtual try-ons in fashion retail, a 3D property tour in real estate, or interactive product demonstrations.
Enhanced data security and transparency: From transparent supply chain tracking to secure financial transactions and smart contracts. Blockchain is revolutionising how businesses operate and interact with their customers.
Make more informed decisions: With the power of big data analytics and AI, organisations can derive actionable insights from big data.
Future-proofing your business: The world is rapidly evolving, and businesses that fail to adapt to risk obsolescence. Embracing frontier technologies ensures that organisations are not only keeping up with the current trends but are also prepared for the future.
Frontier technologies are shaping a future brimming with possibilities. Their convergence promises a world where challenges are met with innovative solutions, driving progress and prosperity in ways we're only beginning to understand. Embracing this future is not just exciting; it's an essential and core part of our discussions. TransformBase is a platform on a mission to shape emerging technologies for a prosperous world. Are you eager to be part of the next frontier technology game-changers?
Visit our website to learn more and register for our upcoming tech conference!