Investing in technology can seem like a daunting prospect. To find out more about some of the 2021 technologies you should be investing in to guarantee great returns, read on.
With every passing year, we’re blessed with an abundance of brand-new technologies that are designed to make our lives that much easier. But, which of these technologies would be make for a good investment?
If you’re looking to make a technology investment, you’ll want to come equipped with an in-depth knowledge of the technology itself and the wider market. You don’t want to get caught out by investing in a dud. So, what technologies are looking like attractive investment prospects in 2021?
Your investment and hedge fund attorney will be able to help you iron out the creases, but first you need to decide if tech is the way you want to go. This short guide on what technology investment opportunities are currently out there should help you make this all-important decision…
What Technologies Should You Invest in?
Artificial Intelligence (AI)
Artificial Intelligence, or AI, has come on leaps and bounds over the past decade, and that progression isn’t likely to slow down any time soon. In fact, 2021 is likely to see even more advances when it comes to AI development, making it an incredibly attractive investment opportunity.
It’s already been predicted that the AI industry will grow to a staggering $190 billion by 2025, as it continues to be integrated into a number of different sectors. If there was ever a time to think about investing in AI, it has to be in 2021.
Voice technology is all the rage these days, with voice-enabled assistants taking up a space on the mantlepiece in homes all across the world. Huge players in the technology industry, like Google and Amazon, have taken the lead when it comes to voice-enabled assistants. That said, there are countless companies who are looking to get in on the act.
A report has already suggested that the digital voice industry is going to triple in value to an estimated $80 billion by 2023! So, it seems like a safe bet for an investment in 2021.
Augmented Reality (AR) and Virtual Reality (VR)
The first thing many people think of when they hear the terms ‘Augmented Reality’ and Virtual Reality’ are novelty computer games that transport the user into a fantasy land using nothing more than a set of goggles.
In reality, AR and VR are much more sophisticated than that, which means they are being increasingly used in a wide variety of sectors. That even includes the healthcare industry, where both technologies are being used in 2021 to help train medical professionals without having to use real patients. Cool, right?
So far, we’ve only really scratched the surface of what smart appliances could be capable of, especially for larger brands. Smart TVs are commonplace, but there is further potential for other home devices to be converted to Smart technology. Which means that it remains an interesting investment opportunity in 2021.
We are likely to see a shift towards an increased use of Smart technologies, such as lighting, heating and security systems, over the coming years. We may also see a focus into how these technologies can be delivered on a commercial scale. So, you’d be wise to watch this space!
Cloud computing is in the mainstream these days – but what of its potential successor, Edge Computing? 2021 is likely to see the increase of this new technology. Which seeks to overhaul some of the shortcomings that come hand in hand with cloud computing.
Without going into too much detail, edge computing is designed to help bypass some of the latency issues that come with cloud computing, helping to transfer data much quicker. This will be essential for businesses. It’s previously been predicted that the edge computing market could reach $6.72 billion by 2022.
Internet of Things (IoT)
Edge computing leads nicely onto the next technology you should be considering as an investment opportunity in 2021 – Internet of Things. Admittedly, it’s not the catchiest of names, but stick with me on this one.
IoT is the future, enabling a whole range of devices to be connected to the internet, including cars, home appliances and so much more. As IoT gradually gets integrated into the commercial world, you can expect to see its worth increase experientially.
Just like Safe Home Security for you and the family. You need to be aware of your cyber security exposure.
Cybersecurity technologies became a prime investment opportunity in 2020, primarily due to the adverse effects of the COVID-19 pandemic. Businesses were forced to quickly convert to remote working, leading to an increased risk of cybersecurity threats for the unprepared.
That trend is unlikely to change, as remote working looks to be staying put. Even when the worst of the pandemic has subsided. 2021 may be the best time to invest in cybersecurity technologies as a result.
We’ve gotten used to 3G and 4G, so what’s next? That’s right – 5G. 5G services are expected to completely revolutionize our lives. As it will help enable us to access the advanced technologies we’ve already discussed, such as AR and VR.
But is 2021 the right time to invest in 5G? Well, it’s the year we’re expected to see it launch worldwide. With more than 50 operators in 30 countries expected to offer their services. It’s a technology investment you shouldn’t miss out on!
Are You Looking to Make a Technology Investment in 2021?
There we have it! Those are some of the top technologies to consider investing in to make a great return in 2021. You’ll want to carry out some further research into the technologies so that you can make an informed decision. However, this post should give you a better idea as to what you may like to start with.
Have you got any other suggestions as to what technologies we should be investing in? Feel free to leave a comment below with your own tips!