Introduction
India has always been
considered the hub of Information Technology developments and has shown and
diligently followed some notable tech trends within the country. With the
introduction of AI, machine learning, IoT, and blockchain, India has adopted
some of the significant-tech trends being observed worldwide.
India ranks third among the most attractive
investment destinations for technology transactions in the world. Dr Harsh
Vardhan, Union Minister of Department of Science and Technology, has reiterated
that technology is a strong priority area for the Government, and it aims to
make people science centric. Modern India has had a strong focus on science and
technology, realising that it is a key element for economic growth. India is
among the topmost countries in the world in the field of scientific research,
positioned as one of the top five nations in the field for space exploration.
The country has regularly undertaken space missions, including missions to the
moon and the famed Polar Satellite Launch Vehicle (PSLV).
Bengaluru: What must it have felt like to be a cotton spinner or an iron maker in
England in the 1820s in the midst of an industrial revolution? Exactly 200
years later, we may be on the verge of another era of momentous change: the
internet revolution. With internet access expanding dramatically post the early
1990s, a slew of new technologies have now matured to a point where fundamental
change constantly seems to be right around the corner.
On the doorstep of a brand new decade—the 2020s—what new frontiers may
Artificial Intelligence (AI) or gene editing open up? Will we soon have robot
bosses? Will mixed reality change the way we consume entertainment and sports?
Will we be able to cure 90% of all genetic diseases by the end of the decade?
We take a look at five technologies that could alter India and the world. This
may not be a definitive or even exhaustive list, but it is a list of things
that could change the way we live, work, and play sooner than we think.
Developments/Investments:
With support from the Government, considerable investment and
development has incurred in different sectors such as agriculture, healthcare,
space research, and nuclear power through scientific research. For instance,
India is gradually becoming self-reliant in nuclear technology.
Recent developments
Some of the recent developments in the field of science and technology
in India are as follows:
- India
Space Research Organisation (ISRO) launched space technology incubation
centre in Tripura, Agartala. ISRO has planned 36 missions including
satellites and launch vehicles in FY21.
- India's
space business will witness tremendous growth in the next five years on
the back of technology advancement, global space business opportunity and
a sharp rise in ISRO’s satellite launch capabilities.
Future of solar
Heliogen, a company that has billionaire philanthropist Bill Gates as
one of its investors, says it has created the world’s first technology that can
commercially replace fuels with carbon-free, ultra-high temperature heat from
the sun. With its patented technology, Heliogen’s field of mirrors acts as a
multi-acre magnifying glass to concentrate and capture sunlight.
This is just a case in point that solar technologies have evolved a lot
since they first made their debut in the 1960s. For instance, solar
roadways—panels lining the surface of highways—have already popped up in the
Netherlands. Floating solar, on its part, is providing a credible option to
address land use concerns associated with wide scale solar implementations. A
French firm called Ciel et Terre, for instance, has projects set up in France,
Japan, and England. Other parts of the world, including India and California in
the US, are piloting similar floating solar initiatives.
Space-based solar technology is another exciting arena. India, China and
Japan are investing heavily in these technologies right now. The Japan
Aerospace Exploration Agency’s (JAXA) Space Solar Power Systems (SSPS) aims to
transmit energy from orbiting solar panels by 2030. Further, researchers at the
VTT Technical Research Centre in Finland have used solar and 3D printing
technologies to develop prototypes of what they have christened as “energy
harvesting trees"
Information Technology (IT) Trends
According to Technology, IT is
the usage of computers to store, retrieve, transmit, and manipulate
data/information, often considered to be a part of the information and
communications technology.
Several products & services
are processed and manufactured in the IT sector, making it one of
the most massive grossing industry’s highest-ever revenue at $ 181 billion in
FY’19. Some of the latest tech trends in India in IT the following fields are:
1. Mobile Apps
Mobile App Development has
witnessed its rise back from being introduced for the first time back in 2007
to today. The mobile tech is developing and becoming one of the most accessible
global tech ecosystems. Today, we have access to apps to create houses in the
augmented reality & apps to build apps using the app name
generator. It’s not long before we can control all our devices with one
app on our phone… Oh no! We’re already there, aren’t we? The topmost latest
trends being followed in the Mobile apps group are:
o Progressive Web Apps: Ever noticed how some web apps deliver the same
accuracy as the mobile apps on your web browser, without really installing the
app. Such web apps are called Progressive web apps, that neither require to be
installed on your phone nor requires any significant amount of storage space to
function smoothly. The PWAs function efficiently even on a low-speed network
& also run without the internet once installed on the home screen of the
browser. Many e-commerce giants like Flipkart & Amazon have mastered and
blended this unique PWA style on their websites.
o Android Instant Apps: Progressive
Web Apps are usually adopted by companies offering to view their products &
services online, majorly e-commerce firms. In the same way, Android Instant
Apps are adopted by usually by the gaming companies that allow their users to
experience a gist of their app by providing them with an instant demo version
of their mobile game. The users could then choose to download the app according
to his/her requirements.
Gaming
If you’re an avid gamer, you
must’ve noticed the shifting paradigms in the production & reception of the
newly released games over the last couple of years. The gaming industry has
been revolutionizing its user experience by introducing and integrating the
latest and trending technology, guaranteeing an undefined, realistic, and
immersive gaming experience.
The augmented reality, virtual
reality & AI has enabled gaming companies to introduce games with 100%
player interaction via hand gestures and body movements. The hyper-realistic
graphics & directional sound interacts with the player, making him the
center of the sport.
Note: Minecraft is one such game that uses VR tech & 3D
sounds that have been created to raise, explore, and battle mobs from a
first-person perspective. Famous YouTuber Vanossgaming has
followed the game, aka Evan Fong, for a long time, having a stronghold YouTube
following of around 25 million.
Future of payments
Everyone can be a merchant, and every device can be an acceptance
device," Accenture noted in its 2017 Driving the Future of
Payments report. This trend has only accelerated over the last two
years, especially with banks coming to terms with the fact that young
customers, especially those living in urban areas, prefer net banking and
mobile banking and would seldom, or never, want to visit a bank branch if
offered that choice.
Robotic Process Automation or RPA
Like
AI and Machine Learning, Robotic Process Automation, or RPA, is another
technology that is automating jobs. RPA is the use of software to automate
business processes such as interpreting applications, processing transactions,
dealing with data, and even replying to emails. RPA automates repetitive tasks
that people used to do. These are not just the menial tasks of a low-paid
worker: up to 45 percent of the activities we do can be automated,
including the work of financial managers, doctors, and CEOs.
Although
Forrester Research estimates RPA automation will threaten the livelihood
of 230 million or more knowledge workers or approximately 9 percent of the
global workforce, RPA is also creating new jobs while altering existing jobs.
McKinsey finds that less than 5 percent of occupations can be totally
automated, but about 60 percent can be partially automate
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