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8 tech industry changes to expect in 2019
Our yearly technology industry analysis is neatly summarised in a single word: interesting. We’ve detailed a few possibilities around how various tech industry trends may well arise, pan out or implode.
The rise of the machines
Research firm Markets and Markets predicts artificial intelligence will grow from a $16 billion dollar market to over $190 billion by 2025, so expect 2019 to be a year filled with technology companies touting sassy chatbots, more eerie developments in Siri and Alexa, and rapid advancement towards driverless cars.
The Internet of Things
One of the likeliest conclusions in our technology industry analysis, the term Internet of Things (IoT) simply refers to everyday objects being connected to the internet, allowing automated systems to function, and for information to be shared easily and efficiently. Predictions so far have said IoT products could account for 11 per cent of the global economy by 2025, so we’ll likely see the internet integration of a bewildering array of products in the coming twelve months.
Brexit will hit
Well, it might not. But it certainly might. This political act on the far side of the world will have far-reaching consequences. If the deal goes sour and Britain slips into economic turmoil, will London’s many lucrative tech companies jump ship? It’s certainly not an outlandish thought. And if/when they jump ship, where will they head? These things seem to follow a sort of pack mentality, so it’s entirely possible for a new city it find itself playing host to some of the world’s brightest new tech upstarts. Could it be Sydney or Melbourne?
The rise and fall, and who-knows-what-next, of Bitcoin has brought Blockchain technology into the limelight. However, while Blockchain has previously only been used as a secure system to record transactions and store information, going forward it seems highly likely companies will adapt the technology for all manner of security-centric tasks.
Is any industry safe from automation? It seems difficult to think of a task these days that isn’t in some way staring down the barrel of impending automation. As time goes by, it will be down to employers and their employees to find a balance of efficient production and human involvement.
New systems that can confound our senses are being created almost on the daily. Whether it’s real-time alterations to vision, sound or touch, it is increasingly impossible to create interactive experiences that warp the reality around us. Expect to see an increase in augmented reality on all fronts, whether it’s in the form of new military hardware, video gaming, medicine, education, or – let’s be honest, the likeliest option by far – advertising.
Freelancing is on the up and up, with an increase of 23 per cent in ‘gig’ workers from 2016 to 2017. It is thought that the appeal of this lifestyle over a typical employment is the increased freedom and flexibility it allows, at the cost of security and stability. Start-ups are using more out-of-office and external help than ever before, and it looks like this trend will continue to grow during 2019.
As well as apps that are specifically created to teach us new skills, such as the immensely popular language app Duolingo, we are increasingly educating ourselves via YouTube. Car broken down? Want to build a treehouse? Kitchen sink blocked? YouTube has all the answers, and increasingly consumers are opting for the quick ‘YouTube tutorial or DIY attempt’ over the previous ‘Yellow Pages and a week’s wait for a mechanic/lumberjack/plumber’ method.