Complex Made Simple

Technologies for 2022 and innovations that drive organizational growth  

Technologies staying or thriving in 2022 are driven by several factors. Humans want more out of life and want to live more, and this requires additional reliance on sustainable energy sources, instead of carbon-emitting ones

Dreams of computers that can interface with us through touch, gesture, and speech are finally coming true Organizations surveyed attribute almost half of their growth over the last financial year to innovation Generative AI is an emerging technology that the pharmaceutical industry is using to reduce costs and time

Technologies staying or thriving in 2022 are driven by several factors. Humans want more out of life and want to live more, and this requires additional reliance on sustainable energy sources, instead of carbon-emitting ones.

Disrupting our lives, be it positively or otherwise, are virtual/alternative currencies (such as Bitcoin), using devices and other contactless means for payments, robotics and cloud computing.  

Here’s a look at what to expect in 2022.

The Internet of Things
From clothes that monitor our movements to smart homes and cities, the Internet of Things knows no bounds, except for our concerns about ensuring privacy amid such convenience.

Natural User Interfaces
The long-held dreams of computers that can interface with us through touch, gesture, and speech are finally coming true, with more radical interfaces on the horizon.

3D Printing
3D printing promises a revolution in fabrication, with many opportunities to produce designs that would have been prohibitively expensive.

Machine Learning and Intelligent Systems
Machine learning plays an increasingly important role in our lives, whether it’s ranking search results, recommending products, or building better models of the environment.

Computational Biology and Bioinformatics
Vast amounts of data are enabling the improvement of human health and unraveling of the mysteries of life.

Medical Robotics
From autonomous delivery of hospital supplies to telemedicine and advanced prostheses, medical robotics has led to many life-saving innovations and will continue to do so.

Reasons to innovate

According to The Era of Hyper Innovation, the latest research from Citrix Systems, Inc., investments in new technology and flexible work models over the last year fueled a $678 billion boost in revenue across global industries.

93% of organizations polled believe that increased digital collaboration has led to more diverse voices from across the organization being heard and a greater range of ideas being surfaced.

 

Traditional mechanisms such as new customer acquisition, expansion into new markets, and additional marketing activity used to be the primary growth drivers, but organizations surveyed attribute almost half of their growth over the last financial year to innovation, and specifically cited the following drivers:

  • Adoption of new technology: 16%
  • New products and/or services: 14%
  • New ways of working: 14%
  • New client/customer acquisition: 12%
  • Expansion/entry into new markets: 12% 
  • Additional marketing activity: 11%
  • New partnerships: 10%
  • Mergers and acquisitions: 4%

69% say they will increase investment in R&D in the next 12 months.

Key emerging technologies spurring innovation

Engineering trust, accelerating growth, and sculpting change are the three overarching trends on the Gartner, Inc. Hype Cycle for Emerging Technologies, 2021 that will drive organizations to explore emerging technologies such as nonfungible tokens (NFTs), sovereign cloud, data fabric, generative AI, and composable networks to help secure competitive advantage.  

The Hype Cycle for Emerging Technologies is unique among most Gartner Hype Cycles because it distills insights from more than 1,500 technologies into a succinct set of “must-know” emerging technologies and trends impacting the next five to 10 years.

 Hype Cycle for Emerging Technologies, 2021

For example, generative AI is an emerging technology that the pharmaceutical industry is using to help reduce costs and time in drug discovery. Gartner predicts that by 2025, more than 30% of new drugs and materials will be systematically discovered using generative AI techniques. Generative AI will not only augment and accelerate design in many fields; it also has the potential to “invent” novel designs that humans may have otherwise missed.

To accelerate growth, the following technologies should be explored:  industry cloud, AI-driven innovation, quantum machine learning (ML), generative AI, and digital humans.

Composable business, founded on composable application technology and built with composable thinking, positions organizations to recognize and exploit business opportunities, respond to unexpected disruptions, and meet customers’ changing demands at their pace, retaining their loyalty.

Organizations looking to sculpt change should consider composable applications, composable networks, AI-augmented design, AI-augmented software engineering, physics-informed AI, influence engineering, digital platform conductor tools, named data networking, and self-integrating applications.