A much-anticipated session at the annual OurCrowd Global Investor Summit is the presentation of what OurCrowd predicts will be the top 10 tech trends for the year ahead, reflecting the views of our investment team as well as input from our global network. In light of the end of the decade and this year’s Summit theme, “Startups: Going Beyond,” we identified some of the trends that will shape the tech landscape for the next 10 years.
With global demand for meat and seafood at an all-time high, supply in the decades to come will not be able to keep up. Meat production has grown five-fold in the past 60 years, adversely affecting the environment and increasing animal suffering. The growing demand for seafood has caused massive overfishing and has cut marine species populations by half since 1970.
Aleph Farms is changing that by growing steaks in bioreactors – steaks that look and taste as if they came from a cow. San Diego-based BlueNalu is pioneering the category of cellular aquaculture in seafood – creating fish fillets in production plants. Beyond Meat and Ripple are leaders in plant-based food alternatives.
The human brain has been evolving for the past 1.5 million years, while the first machines were invented just 200 years ago. This has caused a significant time gap in how we communicate with machines. Brain-Computer Interface (BCI) is a direct communication pathway between an enhanced or wired brain and an external device.
Although this is a new market, Facebook recently acquired the startup CTRL-Labs for just under $1 billion. CTRL-Labs recognizes conscious intention and translates it into action. Elon Musk founded NeuraLink, whose brain implants directly link human minds to computers. CorrActions is a plug & play, non-invasive SaaS platform that can read your mind and intentions, even before conscious awareness, and translate it into actions.
Just two years ago, most analysts predicted we would see large-scale deployments of autonomous vehicles by the middle of the decade. Since then, the technical challenges involved have moved the timeline out considerably. Autonomous vehicles have embedded a huge promise in terms of passengers and pedestrian safety.
Companies such as Cartica and Brodmann17 are bringing new innovations in AI technology that can bridge the safety gap until full autonomy is reached. Other companies, such as Viziblezone, are focusing on protecting the lives of pedestrians against road accidents by using our smartphones as an advanced sensor for pedestrian locations, day and night.
Moore’s Law is a prediction made by American engineer Gordon Moore in 1965 that the number of transistors per silicon chip would double every two years. This prediction became a self-fulfilling prophecy and a driving force of the tech industry.
A year ago, Nvidia’s CEO said that Moore’s Law is no longer possible. A Stanford report, however, shows the exact opposite: prior to 2012, AI results closely tracked Moore’s Law, with computing power doubling every two years. After 2012, however, AI computational power accelerated faster than traditional processor development, causing it to double every three and a half months!
Companies, such as Hailo and NeuroReality, are a part of this revolution. Hailo has developed a specialized deep-learning processor for edge devices and NeuroReality is designing the next evolution of AI-as-a-Service infrastructure.
The Dark Web is the part of the internet that cannot be indexed by search engines like Google. This hidden world is a hot spot of various sorts of illegal activity: drugs, human trafficking, stolen IDs, and much more. It has also become the preferred location for hackers to orchestrate and plan their cyber-attacks on enterprises.
Companies such as Sixgill are automatically searching the Dark Web to locate any sign of cyber threat against enterprises and provides real-time actionable threat intelligence to their customers.
Why work hard, doing the same thing over and over again? We believe that the next trend for 2020 is that anything that can be automated, will be automated. Due to advancements in AI and Machine Learning, we can easily and intuitively automate processes. The “early adopters” of the automation trends will most likely be developers who, instead of writing code, will use low- and no-code tools.
The startup NoCode is expected to reach a market cap of $52 billion by 2024, according to analysts at RBC Capital Markets. This revolution will be led by corporations such as Microsoft, but startups also play a crucial role:
Recent advances in Computer Vision and AI have created a growing wave of companies that aim to improve our lives and protect us from illness:
Last year, we spoke about the Robotic Process Automation (RPA) revolution – that robots would be taking your jobs. However, what if the job you are doing is dependent on other people or other robots? What happens if one is stuck or injured? What if the work you’re doing is not repetitive, but changes according to circumstances?
Collaborative robots represent a new realm of the fast-growing robotics market. Technological advancements have made the application of collaborative robots a reality by using advanced AI technology while improving production efficiency and reducing operational cost. Not only will robots be able to communicate with one another, but they will also be able to communicate with us, becoming an inherent part of our teams. Brillianetor is a SaaS solution that provides robots with collective autonomous decision-making capabilities.
We’re seeing innovation being applied to both new and old materials:
Israeli startups, such as SolCold, are even developing materials that cool buildings when they are hit by sunlight. Simultaneously, other startups, such as Material Zone, are working on aggregating, normalizing, and sharing materials science tests to help companies get the most out of their R&D dollars.
As we barrel towards a smarter existence, we require faster, more advanced technology. Quantum computers are an exponentially scalable and highly parallel computing model. Google estimates that there are only 800 people in the world with the know-how to build quantum systems. This is why it’s not surprising that the majority of advancements in the field comes from the giants themselves:
Companies such as QuantLR are solving this exact pain. QuantLR protects next-generation networks and the entire internet, using quantum technology.
That's a wrap for what we predict to be the top 10 tech trends.
This article is contributed by OurCrowd. The views and opinions expressed or implied are those of OurCrowd and not necessarily those of UOB and are subject to change without notice. OurCrowd and UOB accept no liability whatsoever for any loss arising from any use of or reliance on this article.
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