Eric Wei is the Sr. Sales Director of ViewSonic Asia Pacific. He has been a part of the ICT (Information and Communications Technology) industry for over 18 years. Prior to accepting the role as Sr. Sales Director of ViewSonic he was associated with BenQ for more than eight years as their Senior Manager for Market Development. Eric graduated from National Taiwan University in 1997 with a Bachelor’s Degree in International business. For over a decade he has utilised his experience in developing business in the Asian countries with outstanding accomplishments in SAARC and ASEAN nations.
Advancements and evolutions are key aspects that periodically revolutionise technology. Owing to various factors, technology has been at the crux of streamlining various challenges caused in the past years. Be it connecting to our loved ones, synchronizing hybrid models in the corporate and education sector or improvising various sectors with hi-tech tools, technology has evolved in almost all sectors.
Technology will play a critical role in creating efficiencies and opportunities to transform our work and lives as reality continues to take shape. New-age technology predominantly enters the space with more profitable and more efficient products, solutions, and services. In addition, a considerable shift toward hybrid models being convenient, comfortable and safe for both education and corporates.
Here is a glance at expectations that will take a new leap in the technology:
Changing work dynamics
The hybrid model is becoming more prevalent across sectors, and hence various innovations have taken a leap over technology. IT / technology players have come together to build products and solutions catering to industry requirements, from efficient software to user-friendly hardware. Even industry experts have developed a collaborative technology to streamline the hybrid model, with all essential elements sustaining the model for a longer duration.
For instance, many corporates are adapting to a hybrid model. Hence, they are moving to incorporate new and innovative tools, boost efficiency, and retain a sense of connection among a more diverse workforce in its demands and tastes.
Artificial intelligence is already making significant strides in the workplace, opening new opportunities for smarter and more convenient professional engagement.
Furthermore, to curb the problem caused by work from home culture, the industry players are scrutinizing and developing user-friendly products. With various software and hardware products, the new and innovative tech solutions are enhanced with a wide range of functionalities. These services meet the basic recommendations, extensive monitoring of an individual’s daily work in progress and further assist them in maintaining a healthy work/life balance.
Augmented Reality (AR)
The application of augmented reality has proven to be one of the most effective ways for organizations to find new ways to expand globally. AR can instantly connect individuals worldwide, give tools for various industries, and revolutionize the way we interact with both the virtual and physical worlds. Many experts believe that the augmented reality market will be worth $198 billion by 2025. As a result, the adoption of AR will become an integral part across sectors. Furthermore, AR will become highly prevalent in the corporate and education sectors.
Future of the internet – Metaverse
In 2021, the future of the internet was redefined with Metaverse technology. Equipped with augmented reality, virtual reality, machine learning, blockchain technology, and artificial intelligence, Metaverse has redefined the viewing experience.
It is a VR social platform that gives the experience of virtually entering the digital world. The platform has anticipated magnificent transformation, and several brands have plunged into the Metaverse with unique initiatives. Additionally, the platform has been beneficial in bringing people together by giving them the experience of hanging out, shopping, and meeting friends.
Cinematic Experience at Home
According to projections, the home theatre industry would expand by $5.87 billion between 2021 and 2027, at a CAGR of 7%. A convergence of increased time spent at home, higher-quality content, a diminishing theatrical-to-home release window, cutting-edge AV technologies, theatre projection format, and more provide a compelling opportunity.
Customer behaviour is shifting away from small-screen to larger screens. Additionally, new versions of projectors and monitors are becoming prevalent in the market and expanding the path for new and inventive solutions. With people spending maximum time at home, most miss the big-screen experience. Today various OTT platforms and innovative gadgets embedded with best-in-class technology are witnessing massive demand.
With the evolution in technology, hyper-automation is a disciplined, business-driven approach to rapidly identify, vet, and automate many businesses and IT processes.
For businesses, hyper-automation offers the chance for even more efficiency, faster time to plug, lower costs and better margins. While standard automation may have already liberated employees from many time-consuming tasks, hyper-automation is the industry’s future. The new generation of IT experts is already trained in hyper automation and component technologies. Such tech adoption will have a positive impact on both individuals and corporates.
Various technology innovations already exist in the industry, whereas, to capture the audience at large, the new technology trends will be adopted widely.