OurCrowd experts share predictions and name the companies that will stand out this year for their innovation and developments.
“Top 10 Technology Trends for 2020 and Beyond” was one of the most popular presentations at the OurCrowd World Investor at the Jerusalem International Convention Center.
It had 23,000 registrants from 183 countries, including 22 Arab or Muslim States.
During the day, 231 Israeli and international experts spoke in 34 different sessions.
In the last two years OurCrowd, the country’s largest global risk investment platform, was chosen as the “Most Active Risk Investor in Israel”.
In the opening session, Jon Medved, CEO of OurCrowd, told the audience: “Together we can make this next decade a new and truly ‘crazy year’.
What directions will technology take in this new decade? Eli Nir (senior investment partner at OurCrowd), Stav Erez (partner at OurCrowd), shared their predictions.
These are the trends that will dominate the technology spectrum for years to come.
1. The laboratory fillets, tastier than ever
The world demand for meat and seafood is at an all-time high. This has led to negative environmental impacts, overfishing and animal suffering as meat production has increased fivefold in the last six years.
2. Our brain connects
For millions of years, the human brain has been constantly evolving. And machines have only existed for two centuries. Today, the new interface field between the brain and the computer (or brain-machine) explores how the human head can communicate with an external device. Neuralink (by Elon Musk) develops implantable interfaces to enhance the connection.
3. The race of the autonomous vehicles deepens
In 2018, most analysts predicted large-scale deployment of autonomous vehicles by the middle of the decade. From that point on, the technical challenges involved ran the timeline considerably. Passenger and pedestrian safety is one of the biggest obstacles to be overcome today.
4. Artificial intelligence surpassed the prediction of “Moore’s Law”
Moore’s Law” is a prediction made in 1965 which states that processor speeds would double every two years. This prediction was accurate for several decades and guided the semiconductor industry as a prophetic statement.
However, since 2012 artificial intelligence has accelerated faster than the development of traditional processors. And so it doubled its speed every three and a half months.
5. If you are not afraid of the dark, join it
The Dark Web is the part of the Internet that search engines like Google cannot index. This hidden world is a gateway for illegal activities such as drug trafficking, human trafficking and fake IDs. It has also become the preferred space for hackers to plan and carry out cyber attacks.
6. Productivity goes towards discovery
“Anything that can be automated will be automated,” said Erez. He added: “The first to adopt this trend will be software developers. They already use low-code or no-code tools. The code-free market is expected to reach $52 billion by 2024.
7. Looking good means feeling good
Recent advances in computer vision and artificial intelligence have created a growing wave of health technology companies that aim to improve people’s lives and protect them from disease.
8. The robots will be a tight-knit team
The robots of the Fourth Industrial Revolution will have to work as a team with each other and with people. In this way, collaborative robotics is the new paradise in the emerging robotics market.
9. Materials become a material force
Innovation applies to old and new materials. For example, the Super Bowl used easy-to-recycle aluminum instead of plastic for beverages. The Boeing factory introduced a new aircraft with 3D-printed turbine blades.
At the same time, Nissan developed a new acoustic metal material to make the vehicles quieter.
10. Race to Quantum Supremacy
In early 2019, IBM announced the launch of IBM Q, its first commercial circuit-based quantum computer. In January, Google and IBM declared that in less than five years, quantum computers could break the encryption (or cipher) currently in use.
Google estimates that there are only 800 people worldwide with the knowledge to build quantum systems.