5 Tech Trends of 2020 Every CIO Needs to Know

Tech The media industry has already seen AI-driven virtual TV presenters in action. The technology paves the way for a potential revolution in the industry, allowing media companies to produce a lot of content on-the-fly. Still, over the last two years, the public, the media, governmental organizations, and prominent artists have grown increasingly alarmed about how deepfakes can sway opinions online, influencing political events.

Trends

In 2017, the University of Washington created the notorious deepfake video of President Barack Obama, there was a doctored video of House Speaker Nancy Pelosi, a deepfake video of Mark Zuckerberg, and other examples. The resemblance between the real and fake political figures proved almost uncanny, prompting discussions about the big perils of deepfake technology and other AI uses.

Today, doctored videos can be spotted upon closer examination, but the technology keeps evolving, while easy-to-use deepfake creation tools are available online. Although current countermeasures can detect deepfakes and their creators quickly and easily, this may change soon: the technology is evolving, so the countermeasures will need to evolve as well.

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Augmented & Virtual Reality Trends Slow Down

Although established companies use AR in manufacturingbuilding constructionretail, and other industries, the general adoption progresses slowly. Games and gamified customer experiences continue to be the main driver for both AR and VR.

According to a survey by XRDC, fifty-nine percent of AR and VR projects are game-related. This won’t change anytime soon, at least for VR. Steam will be pushing its SteamVR platform with the recently announced Half-Life: Alyx, driving the competition on the VR market. Still, the adoption of both technologies continues to grow steadily in other industries, like education and training.

As AR has been growing slowly in the last two years, there is no indication this will change in 2020, despite the release of HoloLens 2 in November 2019. There is the usual back-and-forth in the rumours about Apple’s AR headset, but hard evidence on whatever the company is developing will are non-existent.

Still, we can expect AR to continue breathing new life into familiar experiences. Readers tired of consuming content the old way will definitely enjoy immersive experiences and new story angles enabled by the technology, like those seen in The New York Times AR/VR section and by TIME’s new AR/VR app.

Internet Of Things — Adoption Continues  

Most of the IoT industry trends are connected to streamlining existing IoT-driven operations further, sustating IoT device growth, and building massive ecosystems.

Tapping Into IoT Metadata

For the last decade, enterprises have been gathering and using data from smart endpoint devices in their IoT ecosystems to a great extent. The next step will be using that data’s metadata to drive intelligence systems, increasing the level of personalization further, and giving context to otherwise incomprehensive scenarios in data sets. As a result, the companies will be able to structure unstructured data and improve the process of developing their cognitive systems.

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Confident Endpoint Growth

Staying on the subject of endpoints, their number will grow in 2020, as devices like smart meters, smart lighting, and smart air conditioning are becoming increasingly common in commercial and residential markets. According to Gartner, the utilities industry, who is the leader in endpoint usage, was operating 1.17 billion endpoints in 2019, and the firm projects the number will grow by 14.6 percent in 2020, reaching 1.37 billion.

Still, the governmental sector will see a more dramatic spike: from 0.53 billion to 0.70 billion (24.3 percent). The quantity of endpoints will also grow substantially in the building automation and physical security industries.

Other Internet Of Things Trends: Edge Computing, Digital Twins

What else can be expected in the IoT area in 2020? According to IDC, enterprises will begin transitioning from cloud-based IoT deployments to edge computing to further streamline IoT deployments and application performance in their ecosystems.

As for big trends in IoT, the Port of Rotterdam, the largest in Europe, has started a massive project of digitizing its every operation, which will continue in 2020. Some parts of the harbor are already automated, but the ports leadership and partners plan to use the digital twin technology and IoT for a complete digital transformation. The end goal is to entirely rid the port of time loss, cargo loss, spills of CO2, and safety incidents. The harbor also wants to berth crewless automated ships somewhere around 2030.

Open & Decentralized Finance

In all likelihood, 2020 will be a watermark year for banks and financial institutions, as they face the inevitability of a large-scale transformation. The concept of open finance — an ecosystem of shared services that converges users and companies in one place to enable better efficiency and experiences — will be the overarching trend.

This means that financial organizations will have shared transaction data, IT infrastructure, and cross-compatible systems, while the ecosystem itself will be enabled by distributed technologies and more sophisticated and accessible APIs.

Summing Up Technology Trends For 2020

Although major breakthroughs are not in the cards, 2020 will be yet another eventful year for the tech industry and the world. AI will play the most important role at the both sides of the fake news war in 2020, prompting governments to come up with never-before-seen laws. AR adoption has slowed down significantly, and this may continue until Apple releases its first AR device. IoT adoption continues, as companies across industries tap into new types of data, use more endpoints, and find ways to streamline deployments.