Disruptions in technology in the last decade have precedented more than what has happened in 100 years combined. We’ll be experiencing more progress in the coming years that reshapes the health, communication, energy, and transportation sectors. A survey by McKinsey described how the pandemic lowered the barriers to digital disruptions and paved the way for technology-driven change.

The extent of these disruptions is more than what meets the eye. The convergence and multi-layered adaptation of technologies such as artificial intelligence, cloud, edge computing, blockchains, and virtual reality will be pushing towards a more decentralized and autonomous ecosystem. In this article, we have cumulated some of the significant disruptions that will be opening up major opportunities for businesses and people.

The scope of 5G

The capabilities of 5G technology will drive the adoption of Private Networks. Opening up of 5G spectrum for regulators will accelerate the deployments of more private networks, the speed of 5G technology being the main driver. Key benefits of a private network will include low latency, increased security, and a customizable network. Predominant industries will take the leading role. Industries in the manufacturing, mining, and energy sector will be highly benefited from the private networks.

The need for industry-specific solutions and rapid growth in IoT roaming data has paved the way for the emergence of Communication Service Providers (CSP). CSPs are more focused on cloud-based services that enable far greater stability. The rise in 5G connectivity and agreements for permanent roaming connections, increased the market awareness of CSPs, which is evident from the acquisition of Jasper by CISCO. It opens up opportunities for roaming vendors and operators to capitalize on this uprising. Industries that benefit from 5G roaming verticals include Automotive, Gaming, Manufacturing, Healthcare, Smart Cities, and Agriculture.

E-sports and Video game subscription

In past years, we have seen the acquisition of Game studios and developers by Big Giants like Microsoft, Sony & EA. The phenomenon will extend further to increase the value proposition for users by driving the publishers to constantly create exclusive content for their platform models like Xbox and Playstation. The industry will move towards subscription models like the digital video streaming market, which will open up opportunities for smaller developers to be backed up by large companies.

E-sports is gaining acceptance with consumers who are prime to explore new avenues of competition and sports. The inclusion of e-sports in the 2022 Asian Games, events like the e-premiere League, and Formula1 e-sports series have interested the streaming platforms. They can gain a high value on revenue as e-sports broadcasting goes mainstream, making it a vital part of streaming platform businesses.
Energy and Power – Smart Grid
Investment into Smart grid platforms is accelerating as utility companies and governments seek a more efficient system to reduce the cost of energy production and efficient energy consumption. Analytics will be a critical part of effectively building networks, that is demand-responsive and support a low-carbon future. Consumers will have high benefits from data on energy usage and reduced impacts on the environment. The decentralized structures of the smart grid and its active user roles will support generating more data for advanced analytics.

Smart Hospitals

After the onset of the pandemic, the health sector’s focus on remote services has increased. The need for critical data transmission without disruption has paved the way to adopt edge computing. Edge computing will be crucial in handling data-heavy tasks, reduced lag and latency, and real-time applications with connected health care vehicles and systems. It opens up opportunities for network operators and vendors to a partnership with Healthcare Providers.

Electric Vehicles Charging Network

Electric vehicles are gaining acceptance with end-users and governments backing up the manufacturing with incentives for adoption and tax exceptions. Key challenges lie ahead with charging stations and their pricing policy. Private and Public charging networks will see improvements, and a fair use pricing policy needs to govern. Vehicle manufacturers will gain an important role in the charging network, providing additional revenue and loyalty benefits, and end-users will gain significantly with a more comprehensive charging network making EV ownership more viable.

Technology adoption to increase supply chain resilience

Disruption during COVID, legislative pressures, and cyber attacks have driven-up awareness of supply chain vulnerabilities. The implementation of AI and Blockchain technologies to improve security is increasing following the data breach in 2021. Supply chain cybersecurity will be the key concern, and SaaS platforms that provide enhanced security measures will be benefited.

Consumer Data platforms to increase customer satisfaction

Investments in consumer data platforms are expanding rapidly with more integration models. As these platforms provide better insights into consumer behaviors, Brands and Enterprises are willing to integrate with all their channels to increase customer satisfaction.

Consumer data platforms will be providing key insights on the following

• User demographics
• Actions and engagement
• Transactional history
• Users’ devices
• Consumer behavior

These disruptions will be significant as all things digital continue to accelerate.

References
Solactive future trends report 2022
Salesforce Small and Medium Business Trends Report 2022
Deloitte 2022 telecom industry outlook