10 Tech Trends that will drive 2016

In the year 2015, we have seen the true potential of digital revolution unleashed that would impact the whole next decade. We did witness frenzied markets created by a spurt of digital aggregator platforms in businesses such as taxi, shopping, restaurants, retail, etc. On the other hand, we saw the impact of smartphones becoming the centrifugal platform for businesses, with data collection becoming ubiquitous in every walk of life.

Driven by the benefits of personalization, access and analytics, businesses in 2015 were pushed to redefine their strategies from an extended mobile approach to “Mobile First” approach and even in some cases “Mobile Only” approach. In the semiconductor front, low geometry, higher performance and lower power consumption has driven the market in the last few years. Here, we shall look at the technology trends that will drive the product engineering market in 2016.

*This article was reproduced from my blog post at einfochips

1) Rise of Smart Devices and Machines:

01 IoT

The internet of things (IoT) is both an industry vertical and a horizontal enabler. The IoT ecosystem is perfectly poised to accelerate in 2016 and the years ahead. Smart City and Smart Healthcare solutions are already getting a huge push from governments, global. Industrial Internet of Things (IIoT) powered by Industrial robots will champion the cause of operational efficiencies in factories. The drive for standardization / consolidation of IoT platforms will increase in this year.

2) Not Autonomous but Advanced Driver Assistance Systems (ADAS):

02 Driver Assistance Systems

While autonomous / driverless cars are still the carrot for the tech giants, in coming years ahead we are going to see more advancements in sensor driven driver assistance systems, playing a key role in driver safety and ease of driving. ADAS systems will power a virtual 3D model of the environment and provide real-time assistance to drivers from the dashboard. Smartphone and dashboard connected solutions will enable innovations in the automotive segment by connecting car sensors with owners and OEMs for near real-time diagnostics.

3) Real-time Precision and Accuracy to propel the Aviation flight safety:

03 Aviation flight

Untoward incidents like flights missing from the radar and the recent surge in attacks have pushed the Aviation industry to make navigation more real-time. The focus towards multi-constellation/multi-frequency Global Navigation Satellite System (GNSS) solutions will increase in 2016. GNSS would now display precise results with vehicle positioning maps, 3D navigation etc.

4) Reduced gap between E-commerce and In-store Retail customer analytics:

04 E commerce

Customer analytics will move beyond e-Commerce channels. Insights driven by customer behavior, customer profiling, instore and personal e-commerce shopping patterns will entwine to build a unified and personalized experience for the customers. We will also see more of in-store analytics, similar to Retail Site intelligence, getting deployed in wider circles in this year.

5) Image Based Search will drive E-commerce platforms:

05 Image Based Search

With mobile shopping enhancing the reach of the E-commerce market, we will see more companies deploying Image based product search features as a standard functionality in their Apps. A customer can quickly search and buy a product by just clicking on a picture in the surroundings. Though there are a few existing deployments by some big E-commerce companies, the platforms still lack accuracy. In 2016, we will see the algorithms getting refined and companies increasing adopting Image based search on their app platforms.

6) Drones with High Resolution Cameras:

06 Drones

With the advancement in computing capabilities and reduced form factors, drones are set to become even more powerful and pervasive. FAA predicts that drones will spawn a $90 billion industry within a decade. While the consumer business giants like Amazon, Facebook, Google, etc. are still testing the business cases for drones, these developments in news clearly shadows the real progress made in the drone industry. The ability to capture high resolution imagery using technologies ranging from regular cameras to 4K cameras to laser cameras empowers Drones to be used in mission critical surveillance, disaster monitoring and relief programs. We are going to see more of governments and military using drones for surveillance, riot controls and in natural calamities.

7) Localized and Distributed Intelligence for Sensor Environments:

07 Sensor Environments

Sensors and actuators built across different devices are going to generate a tremendous amount of data from end devices and gateway networks to the cloud. The magnitude is set to grow even more exponentially with growth of connected devices. To enable faster access of relevant data and to reduce the bandwidth occupied in data transmission and storage, we will see more of localized and distributed intelligence built across the gateways and end devices.

8) Contextual Intelligence to Power our Daily Life:

08 Contextual Intelligence

The growth of embedded intelligence and analytics will power businesses to provide alerts, recommendations and analysis in response to the context or surroundings. Analytics will continue crunching the data in the background to provide real-time assistance and feedbacks. We are already witnessing it with improvements in the virtual personal assistance like Google Now, Siri, and Cortana etc. We will see devices behaving more responsive to the environmental situations.

9) Cloud Computing Everywhere:

09 Cloud Computing

The nexus of mobile computing with cloud computing will increase the deployment of centrally coordinated applications that can be delivered anytime, anywhere and at any devices. We will see more devices connecting to cloud and SaaS based business models to become even more prominent in 2016. Companies will look for ways to improve inter-device communication through cross-platform integrations.

10) User Experience will be the Key Business Driver:

10 User Experience

With an increase in connected devices and focus towards providing contextual information, user experience will take a prominence in technology adoption. With wearable technologies set to become even more prevalent in 2016, the focus will now shift towards mobilizing the data and synchronizing the experience. User experience will push for invisible analytics with unified, fluid, contextual and personalized experience across smartphones, wearables and other connected devices.

The above list is only an indication of some interesting trends that are likely to happen in 2016. Please comment your thoughts on what you think will drive the product engineering market in this year.

Is your business not a part of the Mobile Revolution? Seriously?

Image

It amazes me to discover where we are today in mobile technology. The definition of mobile phone as per Wiki states “A mobile phone (also known as a cellular phone, cell phone, and a hand phone) is a device that can make and receive telephone calls over a radio link while moving around a wide geographic area.” Does this definition still hold true for the current period?

One of the first Mobile Telephone Service (MTS) phones by Bell systems used in 1946 weighed over 36kgs and composed of vacuum tubes and relays. The present day mobile phone hardly weighs 500gms and can be designed to fit even the smallest possible pocket size. Can this alone be called a mobile evolution? NO. The real evolution lies in the capability of the mobile phones to affect our daily life. They are no more seen as devices to just make calls. It is used for all our possible daily activities – from alarm in the morning to calculator, texting, camera, gaming, music, movies, internet, emails and what not. The decreasing average Voice revenue per user (ARPU) worldwide is testimony to the fact the mobile phones are no more seen as a device for telephone calls alone. Service providers now depend on value added services and mobile data for their revenues. Mobile phones became a companion which sleeps and walks with you always. No other device has that privilege.

The potential of the mobile has thrown wide opportunities for businesses. On the individual level, the easiness of Software and App development had produced more eImagentrepreneurs than the world would have ever imagined. On commercial front, the advent of mobile internet also gave opportunity for the businesses to thrive by occupying the living space of its customers. Customers are constantly engaged and bombarded with alerts and information. Just as “Stay Connected!” became the catch word for mobile companies, “Going Mobile!” has now become the buzz word for all new age organizations.

In the Manufacturing space, mobile phone industry becomes a good example and a case study for any Management or Business Schools to understand forward and backward integration in businesses. It is one of the fields that has been and seen it all. Be it semiconductor vendors like Samsung, LG etc or software industries like Apple, Google etc or laptop manufactures like Lenovo, Dell etc – everyother company wants to compete in Mobile space leaving the specialized mobile manufacturing companies like Motorola and Nokia in lurch.

So where are you and your business in Mobile universe?