Top 10 technology, media and telecom trends for 2018

TORONTO - Dec. 18, 2017 - PRLog -- When technology progresses in a scud, it becomes difficult to predict trends. However, award winning Richmond Hill based Professional IT services company mobileLIVE has published its 2nd edition of its Technology, Media and Telecommunications (TMT) predictions.

The predictions compose of mobileLIVE's strenuous research in the ecosystems of the TMT industry, as well as key learnings and findings that it came up with, during its close working with global technology, media and telecom clients.

According to mobileLIVE's top 10 global TMT predictions, AI tops the list. The consulting firm believes growth of AI will be synchronous with Automation, and together they will create a ripple that businesses need to abide to aim for continuous growth. According to mobileLIVE research, a likeliness of 15-20 percent of the global GDP linked to AI related industries by 2025. Not just that, the average developer working on AI based projects will also earn $300K a year.

The next prediction is that distributed ledgers will continue to gain market support, as bitcoins have gone from a $1000/unit to over $10K in under 12 months. The shared ledger concept brought out by blockchain will help bitcoins, Ethereum, Hyper Ledger, R3C, and Ripple to cast a strong commercialized  impact over a myriad of industries (Banking, Supply Chain, etc.) With a strong investment in technology and governance, CXOs will start auditing their workplace groups to chart progress readiness across the organization.

Digital Transformation will be a priority in most organizations. This digital transformative architecture is heavily anchored on having an external facing, API enabled, and data driven intelligent platforms. Organizations that can re-architect for scale on this core platform will be the most likely to emerge as digital native enterprises in the near term. As the re-platforming exercise picks up steam, mobileLIVE foresees, enterprises gravitating towards "Common Cloud based platforms" rather than build traditional bespoke ones.

Customer Experience too will bring in a new look, creating immersive experiences. Augmented Reality (AR) and Virtual Reality (VR) will transform customer experience in unimaginable ways. Businesses will have the power to conduct remote image overlay, access technical updates and visually communicate with supervisors and SMEs to directly improvise their operational efficiency. AR will soon be the defacto "reality computing" platform, helping to generate $70+B in revenue by 2021. Also significantly 60-70 percent of the interactions with machines will transform significantly by introducing mind reading, gesture control and voice interaction.

Soon, the new generation, born in 2018 in most developped countries will never know the meaning of using passwords as biometric based authentication will be the defacto standard. They will hardly go forward to buy and own cars as urban life will introduce them to autonomous vehicles and ride sharing business models of transportation. Brick and mortar banks will be the past as digital banking with its plush features will win their major lifestyle changes.

Futuristic networks too need to match the ongoing traffic demands. Whether it's Software Defined Networks (SDN), 5G networks, Wi-Fi, NB-IOT and 3 GPP standardized LTE-M, or the programmable SIM (eSIM) all should aim to reduce complexity associated with high traffic demands.

A steep rise in the digital media channels is also forecasted as industries are marching towards a digital transformation, and Gen Z are more and more getting enthralled with the digital media outreach. TV viewership for 35 and under is going to see drastic change, as digital media is on an explosive growth phase.

The promise of IoT will show great results in 2018. Be it TaaS (Transportation as a Service) platforms with connected cars and automated EV vehicles, or adoption of wearable tech in the market, IoT led technology will definitely get the balls rolling.

The combination of IoT, Big Data, AI, AR/VR, Blockchain, Nano-tech, 3-D Printing, Robotics anchored on cloud, mobile and social changes is leading to an unprecedented pace of innovation and new economic paradigms.

With an advancement in technology, it's time  to hope for increased focus in regulations and cyber resilience. To eradicate any subconscious bias inside self-teaching machines, governments may soon bring in regulations in AI.

To read a detailed list of all the mobileLIVE predictions click here (http://blog.mobilelive.ca/top-10-tmt-predictions-for-2018).