Predicting the future is hard, but even the most fundamental of investors have to zoom-out occasionally.
Furthermore, the pandemic has shown us that predictions rarely come true because they assume that the foundation of our society, culture, and economy stays the same. Here are some tectonic movements that will impact everything in 2022 and beyond. At the very least, one thing is for sure, we are reaching a tipping point nothing will be the same at the end of the year.
Here are a few things we at Capnote predict will influence investments in the upcoming year.
1. The Great Resignation
The Great Resignation will become The Great Declaration. People will declare that their work is no longer the number one priority.
Employers can no longer use the paycheck as their only recruiting tool. Workers want to be respected, valued, and appreciated. They want to have a flexible schedule, work remotely, and get paid fairly.
2. Artificial intelligence
Artificial intelligence will penetrate every sector in our economy, health care, education, government, parenting, etc.
Every company in the COVID era is encountering labor shortages. Artificial intelligence could help solve the labor shortage if AI expanded the lens for people companies consider for employment.
AI can help expand this lens for companies to look at a more diverse field of job seekers. AI can study people’s behavior, previous jobs, social media feeds and determine if someone is a good fit or not. I don’t agree with this practice, but I know it is happening all around us.
Tech Republic has done a lot of research on this topic, and they warn everyone from abusing data collected and analyzed by AI, “if misused, artificial intelligence can be a detriment to individuals, organizations, and society overall.”
3. The Internet of Things (IoT)
The Internet of Things simply means taking all the things in the world and connecting them to the internet.
Everything you own will be a smart device, your refrigerator will add things to your shopping list, and your closet will communicate with your washing machine.
Is everyone ready for that? I don’t think so, but the IoT will get smarter and smarter every day, and we will start relying on it to improve our life and work.
4. Wearable technology
The word “wearables,” short for “wearable technology,” is rather easy to understand.
A wearable device is a device that you wear somewhere on your body. People will no longer be interested in having a device sitting on a desk or in their pocket. Instead, they want to use devices that simplify their lives, and wearable technology will do that.
They will have a fitness tracker, a heart monitor, glucose indicator, etc. Consumers want devices to monitor their mood, mental health, and emotional fitness.
Recently, Respira Labs, a leading respiratory healthcare tech stars graduate, invented an AI-powered wearable lung monitor. The wearable could help with the early diagnosis and surveillance of chronic obstructive pulmonary disease, asthma, and COVID-19.
Wearable devices will help the country combat COVID-19.
5. Big Data and analytics
Every company collects a lot of data, but most companies don’t know what to do with their collected data.
The need for more fact-based daily decision-making is forcing businesses to look for self-service data analytics solutions. Aretove is a company that helps businesses unlock the value of their data, and Aretove predicts that bythe year 2022, more organizations will adopt truly self-service tools that enable non-technical business users to collect insights from data.
Big data can enhance our healthcare system by improving efficiency and quality of care and lowering healthcare costs. It can collect and analyze complex data to get a clearer picture of something and help doctors make smarter decisions.
Blockchain is a kind of ledger technology that stores and records data.
In the old days, transactions were recorded in written ledgers and stored in financial institutions. According to CoinDesk, “Traditional ledgers could be audited, but only by those with privileged access. Blockchain took these concepts and democratized them by removing the secrecy around how information — namely transaction data — was handled.”
The real estate industry uses blockchain by helping sellers accept offers on their homes and request the money over the blockchain to ensure faster and more secure transactions.
7. Cloud computing
Cloud computing has created a technology shift for everyone, offering anyone the ability to tap into software and services they need and pay for what they use every month, like utility services.
Anyone can join a cloud to back up their data and access any information anytime they need. It is a safe and cost-effective way to manage their resources.
Metaverse combines the prefix ‘meta’ and the word ‘universe’ and is used to portray a virtual universe accessed by virtual reality (VR) technology.
According to Investopedia, “The metaverse is a shared virtual environment that people access via the Internet.” Facebook CEO Mark Zuckerberg believes augmented reality glasses will someday be as widespread as smartphones.
The metaverse can change the way we do business, visit friends, and shop, but it doesn’t fully exist yet beyond a theoretical concept.
In 2022, we will see an enormous improvement in the metaverse.
The past few years have seen enormous advances in robots development. It is hard to go to any warehouse without seeing how this developing technology is becoming an essential tool that supports every aspect of their operation.
It also replaces 1000s of employees in manufacturing, materials handling, logistics, and healthcare. In addition, industries like construction are exploring how robots will build homes cheaper, faster, and better.
Tesla founder Elon Musk is working on developing the best robot in the world, Humanoid robots. According to a description on Tesla’s website, the Tesla Bot is created to complete physical tasks considered “boring, unsafe, and repetitive.”
These nine elements predictions will change how we live, eat, play, work, network, buy products, and visit our friends. So get ready and enjoy an exceptional year.
How do you see 2022 playing out?