Emerging Technology Trends in the Post-COVID World
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This document provides a summary of emerging technology trends in the post-COVID world by Vincent Lau. It discusses trends across several areas including cloud/edge computing, information access and flow, data ownership and cybersecurity, the internet of things, cognitive computing, sustainability, decentralization, mixed reality, space/quantum computing, and industry use cases in healthcare, transportation, logistics, finance and marketing. It also covers essential skills, aptitude, and attitude for staying relevant in a changing technological landscape.
Emerging Technology Trends in the Post-COVID World
- 1. Copyright 2020 Vincent Lau Emerging Technology Trends in the Post-COVID World a sharing by Vincent Lau IoT Chapter EXCO and Digital Resources Committee Member of SCS
- 2. Copyright 2020 Vincent Lau Scope Emerging Technology Trends 4 Industry Use Cases 18 Skills, Aptitude & Attitude 24 Q&A 28 3
- 3. Copyright 2020 Vincent Lau Emerging Technology Trends What to expect in the Post-COVID World 4
- 4. Copyright 2020 Vincent Lau Emerging Technology Trends From Cloud to Edge Computing 5 Now: Containerization, Serverless, Infrastructure as Code ● Docker, Kubernetes = better utilization of VM resources + greater interoperability ● Serverless = Enhanced scalability, lower costs and flexible consumption ● Infrastructure as Code (e.g. Terraform) = automation friendly + easily evolve infrastructure + no vendor lock-in Upcoming: Edge Compute, IoT Hubs ● AWS IoT Core and Greengrass: local lambda, containers and messaging ● SPTel IoT-as-a-Service and Multi-access Edge Computing: Processing your data at the edge means only a minimal subset of data is sent back
- 5. Copyright 2020 Vincent Lau Emerging Technology Trends Information Access & Flow Now: REST API, Webhooks & API Integration Platforms ● Decreased time to market ● More time can be spent on UX and design ● WebHook is an HTTP callback ● Zapier, IFTTT = Process automation and no-code API integrations 6 Upcoming: Streaming, Realtime Web & WebRTC ● Zoom is now worth more than top 7 airlines combined; Integrate with Zoom API and put your app on its Marketplace ● WebRTC supports video, voice, and generic data to be sent between peers; create the next TikTok
- 6. Copyright 2020 Vincent Lau 7
- 7. Copyright 2020 Vincent Lau Emerging Technology Trends Data Ownership & Cybersecurity Now: data privacy is now many Govt’s focus; secured protocols are now mainstream ● Most connection protocols (e.g. HTTPS, SFTP) are now secured by a Transport Layer Security certificate ● Proliferation of free TLS certs 8 Upcoming: More focus on IoT / device security ● Device security usually overlooked; with the proliferation of IoT, this is now a crucial area ● Cybersecurity Labelling Scheme
- 8. Copyright 2020 Vincent Lau 9 31 billion IoT devices installed and connected by 2020 127 New IoT devices connected every second 3.5 billion Cellular IoT connections will be established $1.29 trillion Global spending on IoT devices and technology $124 billion Market size for Industrial IoT by 2021 $14 billion Market size for Healthcare IoT by 2024 93% Enterprises worldwide will adopt IoT technology 80% Industrial manufacturing companies will adopt IoT 90% New cars will be connected via IoT technology IoT in 2020 Source: https://securitytoday.com/Articles/2020/01/13/The-IoT-Rundown-for-2020.aspx?Page=2
- 9. Copyright 2020 Vincent Lau Emerging Technology Trends The Internet of Things Now: More things connected on the Internet than people • Modern component devices work with high-level programming • Nearly everything can be connected via an API • Components are much cheaper, and easily obtainable (or even printable via a 3D Printer) 10 Upcoming: Smarter things and AV/Drones Revolution ● AI + IoT = Artificial Intelligence of Things (AIoT) ● Autonomous Vehicles, eMobility and Drones ● Adapting to 5G
- 10. Copyright 2020 Vincent Lau Emerging Technology Trends Age of Cognitive Computing Now: collect everything and machine learn ● More readily available ML tools ● Advances in AI models: easily utilized machine learned insights (e.g. usage in chatbots) ● Chatbots and natural language understanding 11 Upcoming: deep learning and the AI marketplace ● Create Alexa Skills, sell ML Models and use them for transfer learning (e.g. Modzy, Model Depot) ● Generative Adversarial Networks (GAN) and Deepfakes
- 11. Copyright 2020 Vincent Lau Emerging Technology Trends A Green Recovery & Sustainability Now: Urban farming, Waste management, Smart grids & green infrastructure ● Edible Garden City, Sustenir Agriculture (vertical farm) ● Tria Sustainable Food Packaging, Digesters and Composting ● Building a smart grid at Punggol Digital District ● Mycelium construction materials and BCA Green Mark 12 Upcoming: Circular economy, Virtual power plants & Internet of energy ● 2030 Agenda for Sustainable Development (17 SDGs) ● Development of first VPP in SG and the dawn of IoE
- 12. Copyright 2020 Vincent Lau Emerging Technology Trends Trust, Identity & Decentralization Now: Blockchain is disrupting authority ● Beyond proliferation of cryptocurrencies, smart contracts and dApps will change every industry ● Immutability and transparency of Blockchain ● Bitcoin’s rally and the launch of Libra in Jan 2021 13 Upcoming: DeFi and non-fungible tokens ● Decentralized Finance platforms offer financial services to anyone without discrimination of any kind and without having to ask for authorization ● NFTs are unique and not interchangeable
- 13. Copyright 2020 Vincent Lau 14 Reference: https://media.consensys.net/i-made-over-600-in-3-hours-with-non-fungible-tokens-on-the-blockchain-cryptoartwork- 4954bc52b354
- 14. Copyright 2020 Vincent Lau 15 Reference: https://peakd.com/hive-167922/@cryptosimplify/what-are-the-differences-between-defi-and-cefi
- 15. Copyright 2020 Vincent Lau Emerging Technology Trends Mixed Reality Now: Real, and easily accessible ● AR is now intrinsic in all iOS/Android phones ● High-fi VR (e.g. Oculus, Hive), and Low-fi (smart phone-based goggles) have made VR readily accessible to the masses ● More ways to use AR (e.g. Hololens), and an explosion of AR Games (e.g. Pokemon Go) 16 Upcoming: Immersive Computing ● Form factor of a goggles will be reduced to a light and simple eyewear, fueled by the proliferation of 5G and edge computing ● Magic Leap vs Facebook Glasses (releasing in 2021) vs Apple Glasses (rumoured)
- 16. Copyright 2020 Vincent Lau Emerging Technology Trends Space & Quantum Computing 17 Upcoming: Quantum apps and communication ● The Quantum App Store ● Unhackable encryption based on the laws of physics, and not complex mathematical algorithms ● Achieving Quantum Supremacy Now: Dawn of commercial space apps ● GPS revolution made modern apps like Uber/Grab possible ● Satellite imagery unlocks new applications (e.g. Google Project Sunroof, Agrivi) ● 41% of World has no Internet; that will soon change
- 17. Copyright 2020 Vincent Lau Industry Use Cases Impact on major industries 18
- 18. Copyright 2020 Vincent Lau Industry Use Cases 19 5 Types of IoT Applications Commercial IoT Consumer IoT Industrial IoT Infrastructure IoT Military IoT Healthcare Transport Logistics Finance Marketing Lighting Home Appliances Voice Assistants Wearables Toys Smart Factories Smart Agriculture Smart PLCs SCADA Smart Cities Building Management Systems Smart Facilities Smart Assets Surveillance Drones ExoskeletonsCombat Wearables
- 19. Copyright 2020 Vincent Lau Industry Use Cases 20 Utilities IoT (Energy Monitoring) Use Case IPC Logger tracks solar energy generated LoRa meter tracks energy consumed Edge compute aggregates data from LoRa gateway Factory owner monitors energy generation and consumption on mobile Source: https://pylon.city/
- 20. Copyright 2020 Vincent Lau Industry Use Cases 21 Industrial IoT (Manufacturing) Use Case Sensors are installed on the production line Sensors are connected to nodes Data from nodes are aggregated at the gateway and sent to the cloud Factory owner monitors production line metrics on a Dashboard Source: https://www.auk.industries/
- 21. Copyright 2020 Vincent Lau Industry Use Cases 22 Infrastructure IoT (Smart Parking) Use Case Carpark bookings are displayed on the lot screen, which will display unauthorized parking when there is a violation Camera detects car plate of incoming car at the lot Video feeds are processed at the edge compute, and the processed data is sent to the cloud Building manager monitors carpark utilization and reservations on the Dashboard Source: https://www.allocatespace.co/
- 22. Copyright 2020 Vincent Lau Industry Use Cases 23 Retail IoT (People Monitoring) Use Case Source: https://www.trakomatic.com/ Heat-mapping analytics allows organisations to have a better understanding of the shopper and visitor trails within the physical area. Trakomatic heat mapping provides an immediate visual summary of the hot zone and cold zone. Allow you to identify the best performing places in-store.
- 23. Copyright 2020 Vincent Lau Skills, Aptitude & Attitude Set a goal and learn to know yourself 24
- 24. Copyright 2020 Vincent Lau Essential Skills The ‘Hard’ Skills Coding is the new literacy • Don’t limit yourself to just 1 programming language • Codes need not be mere syntaxes (e.g. visual programming, voice commands, actions) • Human-machine interaction will only increase Apply computational thinking • Analytically and logically organize data • Automate solutions via algorithms • Formulate problems in a way that a solution can be obtained with computer assistance 25
- 25. Copyright 2020 Vincent Lau Essential Skills The ‘Soft’ Skills Communication & Teamwork • Be confident, and express your ideas clearly • Work with, not against, your team members • Write clear documentations with proper diagrams Initiative & Flexibility • Adapt to changing situations and environment • Identify opportunities & be proactive in suggesting ideas & solutions • Do not be afraid to make your own decisions 26
- 26. Copyright 2020 Vincent Lau Aptitude & Attitude How to be good at something you don’t like? 1. Pursuing your passion as a career is a sure way to kill your passion (Bad Career Advice, Forbes, 09/2010) 2. Get other people to do the stuffs that you are not passionate about (Tan Min Liang, Razer CEO) 3. People who don’t like their career are unhappy because they’re not using their best abilities (Bernard Haldane, pioneer in career counselling) 27
- 27. Copyright 2020 Vincent Lau Q & A Thank you 28