5 Major Technologies That Will Become Disruptive In The Next Decade

5 Major Technologies That Will Become Disruptive In The Next Decade

The last few years have seen massive strides and advancements being made in the realm of science and technology. Every sector from banking to healthcare has benefitted massively thanks to the adoption and integration of technology. For businesses, technology not only creates a means to an end (streamlining efficiency or improving productivity), but it also emerges as a credible opportunity to explore in terms of trade and commerce.

If you thought that tech advancements like smartphones, data analytics, and payment gateways were great, wait till you see what the future has in store. In this article, we are going to cover the five most promising and disruptive technologies that are going to play a major role in the coming decade. Specifically, we will focus our attention on-

1. Artificial Intelligence
2. Fintech and Insurtech
3. Cryptocurrencies and Digital Assets
4. Augmented and Virtual Reality
5. Blockchain Technologies

List of 5 Major Technologies that will Become Disruptive in the Next Decade

1. Artificial Intelligence- 

One of the most promising and disruptive pieces of technology that is going to revolutionize the way we work, entertain, and live is AI. Almost all industries are looking to integrate AI in decision-making in some form or another. There is steady growth in the number of students pursuing graduate degrees in Artificial Intelligence which will exponentially speed up the adoption of this tech across many industries. The idea is that this will result in more efficiency.

There have been growing concerns from a section that the use of AI is going to make human beings obsolete in work processes. It is true that the computational power of AI will be far superior to that of human beings. But ultimately, as humans, we keep evolving all the time.

2. Fintech and Insurtech- 

According to leading economists, the growth of world markets and the flow of globalization have been made possible thanks to advancements in fintech. Whether it is sending money from one part of the world to another or making business dealings, all is possible thanks to technology.

The next few years are going to see fintech companies drive global trade and commerce on a never-before scale. If you have been following promising start-ups with billion-dollar valuations, you are going to find a ton of fintech and insurtech companies on the list.

3. Cryptocurrencies and Digital Assets- 

The past two years (Coronavirus Pandemic) have led to increasing mainstream adoption of cryptocurrencies. We saw Bitcoin hit massive valuations in November 2021 thanks to Bitcode Ai. Ether powered the Smart Contract Network. With more investors, this is going to grow.

It is not only about cryptocurrencies and the promise they bring. It is also about the several businesses that have emerged as credible offshoots from this. Think about NFTs and you see a $22 Billion industry taking shape. The same can be said about Smart Contracts as well.

4. Augmented and Virtual Reality- 

Everyone’s talking about the ‘Metaverse’ and the potential it holds for humanity. AR and VR is slowly becoming a major force as far as the entertainment, gaming, and E-commerce industries are concerned. The realistic portrayal is helping expand applications in this sector.

Everything from E-commerce users using AR and VR to imagine how dresses will look on them to large-scale marketing events that can be held without physical presence through AR is being explored by some of the biggest tech companies like Meta and Google.

5. Blockchain Technologies and Applications- 

For the longest time, Blockchain played second fiddle to its more illustrious sibling, Bitcoin. It was and still is the network on which Bitcoin transactions are carried out. The immutable nature and secure framework of Blockchains mean that other sectors are getting interested.

Companies from Reliance to IMG, MetLife, and others are exploring Blockchain applications as a means to secure the flow of cross-border payments and data. Most of them have already set up massive teams that are undergoing R&D with regard to Blockchain applications.

The Bottom Line

In addition to the above-mentioned five technologies, there are others that are going to play a decisive role in how our world is shaped. Think about EV technologies or Cybersecurity, and how they will become a necessity in the coming years.

If you feel that there are other pieces of disruptive technologies that could have been added to the list, please let us know in the comments section below. We will be more than happy to add them in a fresh update of the article later on.